Member Info for Chaebol

Tbh I hope they dont make the Lord present it again, that was awful.........open the comments and please use a proper presenter without reading from paper, we need proper pro stuff to start promoting this and getting belief and sentiment into the share base again.

GS fintech is also listed as consultancy biz, so that would leave them ok , but of course all crypto related biz would cease from the end of the year. GS Fintech still very small presence compared to the others that are being rejected.

Agreed Lloyd, It now has to go to GS Money and GSFintech LTD Angra and innovation pathways API's and EMI's but this is gonna be painful.

Billy.............I know you asked the meaning, here we go............we have a very severe delay x;)

Can you point out anything incorrect.....or we just going to attack character....next it will be I'm shorting.

Insufficient Local Substance and Governance:

MiCA requires robust local presence, including qualified management bodies resident or effectively directing operations from the EU jurisdiction. The proposed model relied heavily on non-EU decision-making and operational control (linked to Singapore-based entities and historical Bake/Cake DeFi structures), lacking demonstrable day-to-day management and oversight from Lithuania.

Thats better than expected x;)

Wasting shareholders funds on fruitless endeavours.

They don't give a fook !

I saw these type of comments when I was saying .5..........here we are x;)

MiCA rejection sends this down minimum 30 to 40 points imo. And if you believe MiCA is coming here now ! then I guess you still sit by your Chimney every Xmas waiting for santa to come.

Regulator wanted Lithuania based businesses actually doing biz in Lithuania and employees in offices and not in virtual offices im amazed Nexo, Trastra and spectrocoin did not get approved ! And if they aren’t then no way GS Fintech is with 3 total members and a recently announced Lithuania manager few weeks before submitted application what a bunch of clowns !!!

Selling all Monday no doubt ! Will be able to get much cheaper........ if wanted but this rejection is going to hurt.

You heard it here first.

A telegraphed MiCA rejection is in the mix ! loads of other much bigger companies have been rejected so GST gonna have to go back to drawing board.....

GS Money pivot.

MiCA in Lithuania is not a new version of the old registration regime. It is a completely different game, with referees who have spent years refereeing Champions League, not local futsal.

So yes, three licences out of fifty-something may look brutal.

But if you read what is actually landing on the supervisor’s desk, the real surprise is not that only three passed. The surprise is that so many genuinely thought they would.

Lukas Jablonkas liked this post and he is the mica supervisor for BOL

https://www.linkedin.com/pulse/act-ii-three-licences-forty-something-reality-checks-jonas-udris-llm-cea6c/?trackingId=vGm61i7sUqGv3caKEtvkuA%3D%3D

Seems like three MICA licenses is a final score for 2025. How many will start over in 2026? How many will seek asylum elsewhere?

If you’re still running a “Lithuanian crypto business” with a virtual office, a one-man AML show and a SumSub screenshot as your compliance strategy, this year just gave you a very clear verdict: you’re not a business, you’re an incident waiting to happen. Out of ~50 applicants, only three made it through the MiCA filter. Coingate, Nuvei, Robinhood – all with real people, real payroll, real operations in Lithuania. Everyone else just got a hard lesson in what “substance” actually means.

MiCA didn’t “kill the ecosystem”. It simply exposed who had an ecosystem and who had a registration. FNTT is reminding non-licensed players they still have reporting and data retention duties. GDPR is turning “we’ll just move abroad” into a legal and operational nightmare. The fantasy of frictionless regulatory arbitrage inside the EU is over.

In my new piece “Act II of the Crypto kaboom in Lithuania”, I walk through how we got here, what the Bank of Lithuania actually found in those applications, and why 2026 will separate grown-up businesses from everyone who thought a template AML pack and three nominal directors was a strategy.

Victorcobra

5 Dec 2025 15:12

Posts: 213

Price: 1.15

No Opinion

Delboy,

Same position here. Sold out at a 97% loss. First time I've done that. Hopefully not too many more! Will try to offset any capital gains tax with this loss.

Off for a pint and a burger.

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FallingInReverse

2 Dec 2025 12:03

Posts: 383

Price: 1.275

No Opinion

Gutted for you. at least you admit it. this is the point. the losses are so bad for people that just held in hope that it is just not worth paying more charges. i suppose enjoy your burger and chips and a coffee because that is the end result for most. but look at it this way. once your losses are so bad throwing in the towel is the only option left. even if arb doubled from here [ very unlikely] your shares would be worth 46 quid. it is simply all over when losses are catastrophic on a share dropping from 3 quid to 1p. so why give more money in charges. sell up with basic charge and then it is all over. then you can move on. if you have some money at some point to put back in you can make a fresh start with lessons learned. dragging this nightmare on paying more charges with shares worth 20 or 30 quid or whatever is not going to change anything. all the best bud. health is more important anyway.

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delboy34

2 Dec 2025 11:45

Posts: 98

Price: 1.275

No Opinion

I just sold 3101 shares via HL that cost me £4495 and I got £23 in return after the trade fee, lol. I have more on T212 also, gutted. Truly thought ARB was going to be a big win, took my chances and it didn't pay off. Live and learn! It is what it is, real shame. I'm sure lots here have had much larger losses - all the best.

Enki was the original poster for 15th December deadline and the cease of operations for the 31st December.

Riddle me this Billy if Bake Singapore license expired May 1 2025 and GS fintech VASP license expires 31st December and is removed from biz register from 2nd Jan and of course no Mica update from BOL for GSfintech by that date 5 biz days left, how does Nuvei piggyback GS fintech when GS has no valid crypto license ?

Just invest2020

As Arthur rightly observes, this is ultimately your capital and your conviction—no advisor or forum consensus bears the psychological or financial weight. Pose the critical questions dispassionately....

Does the current recoverable value justify liquidation today, freeing capital for higher-conviction opportunities?

Has the position diminished to irrelevance (tax-loss harvesting aside), rendering further holding immaterial?

What is your predefined pain threshold—e.g., a drop to 0.3p or 0.2p —and will breaching it trigger regret for inaction?

GS Fintech UAB (operating the GS20 crypto asset exchange and Bake platform) recorded transaction volumes of US$44.21 million.The report does not provide a separate breakdown of transactional revenue (e.g., fees, charges, or trading revenue) specifically attributable to GS Fintech UAB. Group-level revenue was US$1.40 million for the period (down year-on-year due to the absence of certain non-recurring items from the prior period), with transactional activity mentioned across the payments and digital assets segments (including Angra's US$59.21 million in volumes $448k in revenue).

From what price do you build it from ?

0.52 GBX

-2.38 (-82.07%)year to date

how is that progress?

Half yearly summary sept 24 chairman statement summary

The addition of Semnet has provided vital cybersecurity skills to the Group and we are excited to be progressing the plans for Semnet to list on NASDAQ in the US. Lol do we get the 400k back from Trident?

Is tone got losing his mind……..

In the second half of the financial year we are looking to continue to grow revenues substantially from all the Group’s businesses and to explore further value enhancing acquisition opportunities that can assist with accelerating the development of the Group. I believe GST is extremely well positioned for the future and I look forward to reporting on our further progress in the coming months.

They ended up doing 730 k for the second half of that year and then in the Half yearly Sept 25 report summary from the Chariman

In the second half of the financial year we are looking to grow revenues from all the Group’s businesses and further strengthen the Group’s regulatory position. We will also continue to explore further complementary value enhancing acquisition opportunities that can assist with accelerating the development of the Group. I believe GST is extremely well positioned for the future and I look forward to providing regular updates on the Group’s progress.

No mention of revenue misses just the same old cut and paste jobs as the year before.

Pwogwess!

Https://www.zerohedge.com/technology/how-profit-trumps-space-race-executive-order

Data centers will be floating up there soon x;) but Im with you Dags, Big endless Govt money in this game and private!

Quelle surprise at a non responsive BOD? I said exactly this for months and was accused of all sorts. The Ozzie virtual office tells you someone will call you and you get nothing they were even giving out wrong directors names at the virtual office in Oz up to last year. Multiple emails ignored ! who knows which types of big players have tried to contact them over the years and theyre just ignored. All these comms problems as a PLC I find so bizarre and yet so easily fixed!!!! The Lords a good egg, only one that replies and he quickly de-risked on a small amount here.

I feel for Tim tbh but this BOD needs to change its ways or we are heading to oblivion if we havent already...........

Merry Xmas to the illuminated x;)

Ill be in Phuket over Chrimbo, thinking of Nero's delicious Xmas dinner and trimmings....... whilst Im slumming it on a terrible beach dipping my tiger prawns and lobster in my Heinekens x;)

Lets hope 26 is much better than this sheet. GL