Member Info for Chaebol

There’s a difference between tax and operational costs.

Lol yes billy and they lost 300k because they paid the 300k tax bill, you do realise Semnet former owners received 1.75 million in special dividend March/April 2024 in addition to the sale money OF 800K AND 1 MILLION USD EQUIVALENT IN SHARES?

Thats a no then.

Cheers.

5 million at 10.5k x;) imagine seeing that on the ticker tape, One more flop and they getting close to it.

Visualise Chaebol ! Whatever the mind can conceive can be achieved x;)

GL to some x

So anyway 'if' they get the 300k back that is for the 300k tax bill they already paid. Can we close that now.......

Or do you want to carry on being ridiculous.........

No billy, wrong again, you told me the accounts were available at ACRA when they hadn't even been published.

Trust me I was waiting for those accounts, crazy how you rewrite history now.

Where did i say im an expert on Semnet, If you looked at the accounts you would easily see what im saying but thats too much !!!

If I have read the accounts then I have far more informed information than you do, clearly.

Accounts

just buy the company accounts.

fwiw semnet have already paid the tax bill hence the loss of 300k in that year x;) maybe too many dots for you to connect but buy the aco****s and then its crystal clear for you.

The 300k tax bill perfectly encapsulates the intellectual rigour on display in this board. Truly poetic.

I'm genuinely stunned, Billy, you hadn't even glanced at the Semnet accounts, yet here you were, confidently arguing with me about the 300k tax bill versus operational costs. A quick flick through the actual Semnet filings would confirm exactly what I've been saying.

BFD pulled the same stunt—unreal! It really does feel like I'm debating with investors who think due diligence is optional.

You spend hours here, Billy, yet when it comes to real, verifiable information, you're mysteriously uninterested. Bizarre, isn't it?

And let's not forget you cited RocketReach—RocketReach!—for those mythical 45 million Semnet revenues, 90 odd staff at bake, 8 mill in the bank yada yada yada and you then attempt to dismiss me with lazy "AI slur" jabs. For someone who claims to own (or at least loudly proclaims to own) so many shares, your grasp of the basics in this group is... let's charitably call it "severely limited."

Honestly, it's almost touching how consistently entertaining this all is. I can’t keep away from such a group of deluded souls, lots of money to be made on that.

Keep polishing those World Cup medals, lads……….the Chaebols are still gratefully receiving the gifts x;)





I think you two have spent more time obsessing over my trades than doing your own due diligence on this company.

Let me clarify, to help your deluded addled brains........ And let me set the tone…… I have been spending lots of my filthy lucre winnings last couple of weeks, so first of all thanks for playing x;)

Since July this year, I've consistently called this a busted company—and the relentless price bleed has proven me right. Down 75% from the 1.40s in July by New Year's Eve. Make of that what you will, but I assure you, I backed my conviction heavily.

January high (oh how we all wish we had sold into that!) was more of a small hedge against my broader longs, and that small short played out better month after month. I waved the white flag and sold most of my longs in June/July, then flipped hard into shorts. July—with the suspension—was delightful. December was massive.

The fake kung fu massi moon charts popped up twice around the 0.85 bounces. There you were, polishing your World Cup medals, while I was adding to shorts at those overvalued mayhem levels. I called each one a 'gift' to myself and upon my exits openly mocked the low-IQ ramping crew repeatedly doubling down on "5p next week" and "MiCA tomorrow." I was already into high 6 figure profits before December and then December was far and ahead my best month.

Predicted the future and it played out pretty much like I predicted. Dec 31st Game completed.

It was laughably way too easy.

So I thank you for contributing considerable wealth to my family.

The Chaebols thank you all, sincerely.

Happy Sunday x;)

The strange one for me is YP silon still deny any knowledge of the 36 USD million contract, and amazingly whatever company was behind that 36 million contract never bought another item off Semnet ever again. Thats strange.

Also find it weird that in the interims update about the arbitration they never speak about the business of non compete or non complete just 'expected' amounts, until this is 'signed' the GST words are very hollow.

They would have to RNS the signed agreement

Semnet Settlement RNS Requirements, GSTechnologies is required to issue an RNS promptly when both parties formally enter into the settlement agreement (i.e., it's signed/executed). Here's why and how it plays out: Under MAR (Market Abuse Regulation) and DTR (Disclosure and Transparency Rules): As a Main Market Standard Listed company, GST must disclose "inside information" ASAP. Inside information is precise, non-public info that could significantly impact the share price.

The settlement resolves a material dispute, recovers ~US$800k cash, unwinds 58.8m shares, and reimburses ~US$300k costs (tax bill). That's unequivocally price-sensitive—positive resolution (or any twists) would move the shares.

They've already disclosed the arbitration start (July 2025 RNS) and mediation/expected terms (Dec 2025 interims), so consistency demands an update upon signing.

GST should also cancel the 58 million shares and then Semnet never actually happened……

The core law remains the Companies Act 2006 If/when the ~58.8m consideration shares return via the Semnet settlement:

* They can be transferred back to the company and treated as treasury shares (especially since Main Market is a regulated market, fully supporting the treasury regime under Part 18, Chapter 6).

* Under section 727, the company can then cancel those treasury shares at any time—no shareholder resolution or court approval required for this step.

* Upon cancellation, the nominal value transfers to a capital redemption reserve, and issued share capital reduces accordingly.

* The company would simply announce the updated total issued shares/voting capital via RNS (standard practice), and LSE admission rules would handle any minor admin.

Oh my god he had long shares in October ! 1.1 p's It must be all fake !

Are you really this deranged BFD ? put this in your peace pipe, since I hedged in January last year all I have done is make money from shorting here, some long shares remain about 300k shares now, and maybe if im wrong they pay off but the last 12 months paid off here, so relax.

Was very vocal at 1.4's and 1.25's to sell, I hope some took advantage of the recent manipulated rise and got out. One more bad move and this goes lower than .35 and right now all I have is long shares.

Am I biased lol

And if you think that you really are special billy boy.

Amazed with all the so claimed shares you have that you have not acquired the semnet accounts, just dangerous stuntman ramps into oblivion, and you have the gall to say that you burnt me.

You're a dangerous lunatic x;)

I think youre just being stupid now..........Go over the accounts, its clear as day !

whatever you want to call it its covering the tax bill

Net loss, representing total comprehensive profit for the financial period - 1.4.2024 to 31.3.2025

(307,634)

Income tax expense

(311,558)

whatever you want to call it its covering the tax bill

Net loss, representing total comprehensive profit for the financial period - 1.4.2024 to 31.3.2025

(307,634)

Income tax expense

(311,558)

Get it now?

Get it now?

Good grief...... but semnet paid that 305k tax bill.

Think Billy........I know its tough to take out the Chaebol derangement.....but Maybe in the mediation hearing they agreed to pay that back as it was a direct cost to the group and they may have failed one of the non compete complete clauses that triggered that, who knows, but 300k being touted by GST sounds very logical that its the tax bill getting covered.

Like I say page 20 its 305k USD

Reconciliation of effective tax rate: 1,798,970 ========


Tax at Singapore tax rate of 17% (2024: 17%) Tax effects of:305,825




No wrong again Billy, If you take a look at page 20 Semnet most recent accounts you will see the tax bill is 311k USD that was the tax bill from the 1.75 m profit that was then distributed to the former owners.

Makes sense they get that back. Youre another one that hasn't gone through semnet accounts. Amazing

The bod have stated that it ‘appears’ the former owners have entered into a ‘formal mediation hearing’ where they ‘expected’ they would return 800k the 58 m shares and the 300k tax bill paid on the 1.75 million given to them as a special dividend from the profit on the 36 million contract. Thats what the BOD indicate, they do not mention anything about stolen clients or employees/the non compete clauses. Today 17th January still no update from what the BOD said about agreement being signed late Dec early Jan, so now delayed or added/unknown complexities.

So ‘if’ this is eventually agreed 2 to 3 years of an absolute sheet show and semnet is a verified hollowed out shell with the arbitration confirming its value is effectively zero as all sale money would be returned. I’d like to see someone IPO that x;) let alone rebuild the company.

I wonder if Merv Zheng and Choo sold their 58 million shares in the pump of early Jan last year, within 6 weeks of owning them, shares had pumped 1.25 to 3.5 and semnet was being given IPO values of 54 million USD, I wonder if they brought that up in the arbitration mediation hearing, but could this recent silly pretend fake manipulated insider pump be the Merv and Choo show buying them 58 million shares back. X;)

Sounds like a ubiquitous den of thieves to me. Someone has been having it off in all this. So they defo walked away with 1.75 Million USD clean and any share profit from the 58 million shares and the 800k sale money that could have been 5 mill usd at one point lol, and will they give back the entire sale amount plus 300k, and they rinsed all the clients and best employees ! What a deal they got !? I bet Merv and Choo laughing hard at all this, especially if they bought back at .45 .5’s………….. Merv at some Singapore exhibition last November he did look smug and rich! But even he seems busier than Semnet and don’t get me started on Vaultrex/Valtrex………. IF you know you know x;) evil coincidence, pure evil. But they need a new name for that sharpish.

But at one point Merv and Choo had potentially 5 million USD from this deal then took it's best clients and staff. Another wonderful chapter from your Neocrankers.

GL to some x;)

I did actually say .35 on official no MiCA news, it did hit that, for the no MiCA prediction from me for months it was chaebol locks until it wasn't.

But it didn't hit 0.2p so ridicule me for that, and give the 5 p mica any day now posters the love x be careful what you wish for ! you had the nefarious vagabonds ramping crew hit the boards and cross ramp hard on the 8th Jan, alls fair in war, it’s trench warfare out there, but they’ll want their pound of flesh soon! next leg down will be very interesting, all this has is Angra, the rest is very opaque.

Lower highs, lower 52 week lows, the doom loop continues. AIMHO