RE: Chaebol’s Short5 Jan 2026 06:11
Cheers SM
"Accusations of 'half truths' from those whose entire investment case was built on wishful thinking? That's rich.
Let's set the record straight with actual facts, not selective amnesia.
I have been consistently bearish on GST, repeatedly highlighting:
* Poor comms and failed milestones
* Zero meaningful commercial traction
* Major regulatory roadblocks across jurisdictions
On the Lithuania point specifically: when the board was awash with "MiCA any day now", "CASP approved imminently", “5 “p on MiCA hype, I explicitly warned that authorisation was nowhere near imminent – and that the company's claims didn't stack up against reality.
That call was spot on. As of today (January 2026), post-transitional deadline, there is still no MiCA CASP authorisation for GST on the Bank of Lithuania's registers. No VASP upgrade. Nothing.
Why was I so confident? Because I didn't rely on Shayne Tan's promotional interview, weird statements, or whatever that 'pawn movie' footage was supposed to prove.
I did proper due diligence:
* Personally reviewed the Bank of Lithuania's full VASP registries
* Spoke directly with CEOs of several successful, authorised VASPs operating in Lithuania
* Analysed the actual MiCA transitional requirements, timelines, and approval patterns
*
That research led me to the correct conclusion: GST was miles away from compliance, and the "imminent" narrative was pure fantasy.
Meanwhile, those shouting “MiCA any day’ now ignored every red flag and bought the hype hook, line, and sinker.
If anyone has been peddling half truths – or rather, full-blown delusions – it's the crowd that kept moving the goalposts from "any day now" to "quiet period" to "strategic silence" to Polish VASP and everything is ok again.
My posting history is there for all to see: consistent, evidence-based, and been proven right on the key issues.
The share price reflects the reality I flagged long ago. The absence of regulatory progress confirms it further.
Frustration is understandable for those on the wrong side of the trade, but inventing accusations won't rewrite history or fix the fundamentals – which remain as dire as ever.
I'll keep calling it straight, as I always have. And let's be clear: had my research uncovered genuine positive signals – had I believed, like many here did, that MiCA was genuinely in the bag and commercial traction was imminent – I would have flipped aggressively long without hesitation. I'm not ideologically short; I'm evidence-led. Unfortunately, this company has consistently failed to deliver the progress needed to justify that view.
DYOR properly next time. Not base it on Shayne Tan and Renan/ferhat soundbites.
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