Member Info for Chaebol

Cheers.

On January 2, 2026, the State Enterprise Centre of Registers will deregister data registered in the Register of Legal Entities about the activities of legal entities as virtual currency exchange operators and/or depository virtual currency wallet operators. Also, from January 2, 2026, neither the List of Legal Entities Carrying Out the Activities of Virtual Currency Exchange Operators nor the List of Legal Entities Carrying Out the Activities of Depository Virtual Currency Wallet Operators, nor any other links to these lists will be published on the website of the State Enterprise Centre of Registers.

The FNTT notes that VASP entities that will no longer provide crypto-related services in Lithuania after 1 January 2026 will continue to be required to store the information specified in Article 19 of the Law of the Republic of Lithuania on the Prevention of Money Laundering and Terrorist Financing:

https://fntt.lrv.lt/lt/naujienos/baigiasi-pereinamasis-laikotarpis-vasp-nuo-2026-m-sausio-1-d-privaloma-kriptoturto-paslaugu-teikejo-licencija-uww/

Https://www.linkedin.com/feed/update/urn:li:activity:7406234400331468801/

Must be making announcement soon....

Lol if this firm had done things half right this year we would have been well above 3.6p at some point in the year........ BTC treasury announcement in March or April this would have sent this to 20p plus imo.

2.5 p buy in on January made a lot of sense but now its punters faults for buying in high.........Hindsight is a a beautiful thing. None of us expected this price and performance for the year.

GSTechnologies' subsidiary GS Fintech UAB (previously named Glindala) began its operational business in Lithuania by soft launching its GS20 cryptoasset exchange in November 2022. 

And did 20.6 million in transactions up to March 31st 2023 ! That is impressive! What happened?

GS Fintech Ltd, a subsidiary of the publicly traded company GSTechnologies Ltd, released its last annual accounts for the year ended 31 March 2025 on September 11, 2025.

Same same.

Despite them never once claiming that they have used GS Fintech as a payment facilitator

Why would they need to tell us that ?

No im not ! I said GSfintech could be the payment processor and you told me it was illegal. I never spoke about legal entitys.

In Lithuania, the standard financial year for corporations is the calendar year, running from January 1 to December 31.

However, a company may apply to the local tax administrator to adopt a different 12-month accounting period if the characteristics of its economic activities objectively justify it.

Highlighting

BFD Lithuania financial year runs from Jan1 To Dec 31st. I would imagine the turnover revenue from the Lithuania state is higighting the financial year of jan 1 to dec 31st and not GST financial year.

Am i being outlandish that GSfintech could have been a payment processing service for Semnet?

Looks like good biz to me if they did it ! jesus.

Amazed we havent had a revenue guesser thread yet ! Everyone keeping things close to their chest ! I'll be happy with 2 million revs for the 6 months after the last 6 months of 25. Hope they arent delayed the interims all that good news stored in their x;)

Might even get another podcast! Sadly Semnet news looks shut down again after its little flurry of news reveals.........

BFD,

Semnet became a 66.67% subsidiary of GSTechnologies. As part of the same corporate group, inter-company arrangements are straightforward and legal:GS Fintech could provide payment processing services to Semnet (e.g., handling client payments involving crypto elements, cross-border transfers, or fiat settlements via GS20).

This could include GS Fintech "making payments on behalf of Semnet" under a service agreement—e.g., receiving funds from Semnet's clients, converting/exchanging them, and disbursing to suppliers or Semnet's accounts.

Revenue would accrue to GS Fintech as fees for services rendered, while the core contract value remains with Semnet.

Such arrangements are common in groups (e.g., centralised treasury or payment hubs) and legal if properly documented, priced at arm's length (to comply with transfer pricing rules), and compliant with AML/KYC regulations in Lithuania and Singapore.

The US$20.6 million transaction volume figure for GS Fintech UAB appears in the GSTechnologies Ltd audited results for the year ended 31 March 2023 (announced July 2023).It is disclosed in the notes to the revenue breakdown or operational review section, specifically under "Transaction fees and charges," where it states:

"Transaction fees and charges are from Angra Ltd and GS Fintech UAB with transaction volume of US$132.87 million and US$20.60 million respectively." (Note: GS Fintech UAB became operational from February 2023, so this covers only part of the financial year post-acquisition and launch of the GS20 exchange.)For the Year Ended 31 March 2024The equivalent audited results (announced July 2024) mention transaction fees and charges coming from Angra Ltd and GS Fintech UAB but do not disclose a specific transaction volume figure for GS Fintech UAB (or separately for Angra).

Even If the contract involved crypto/fiat elements and GS Fintech (via GS20) acted as a legitimate payment processor or exchange facilitator, from my understanding this would be legal under its Lithuanian crypto license.

Bu they could have made that payment ? Not illegal? I am guessing just like you are

You said to me 'Chaebol if you don't understand the difference between volume and commission reporting, which is what I think actually changed, you have no business being here

So you THINK the volumes and comms are reported differently the following year you THINK just like I THINK that payment COULD have been made via GSFintech. BOD are crickets and thats the problem we all guessing !

BFD I appreciate that. So on that basis GS Fintech could not have legally processed a payment related to a Semnet contract?

Even If the contract involved crypto/fiat elements and GS Fintech (via GS20) acted as a legitimate payment processor or exchange facilitator, from my understanding this would be legal under its Lithuanian crypto license.

Inter-company arrangements could also have been applied and we do have a lot of consulting fees in the latest accounts as well but thanks for your point.

You are all mouth HH do something real about it instead of your hopeless name baiting. Easy to say all these things behind a screen. Where do I personally offend ? Until I am offended. Do something about or just stop being a mug and saying things you wouldn’t dare to say to anyones face. So make it happen or stop the personal insulting words.

What twisted you up anyway

Yesterday I posted confirmation from a MiCA supervisor from the BOL that 31st December is the cut off date regardless of application! Enki Has been trying to tell me and everyone this for weeks. I got that confirmed by a credible source, now people are telling me the same things ive been debating with Enki. Mental derangement !

Point 2 GS Fintech has 35 million euro payable in 2024 right around the same time as sement completed a 36 million usd contract and all I wondered was could the payment have been transmitted through GSFINTECH and that possibly gives an explanation for the very high revenue on accounts for GSfintech additional clarity that tried to obtain from the BOD was ignored. The monies look so Colin coincidental and I would just like to know what sort of business it is from. BFD asked me what type of revenue was coming from Lithuania and now you’re barging into that but telling me not to barge in.

The only reason I asked Lloyd is I know he has gone through all the information unlike so many ohters here, and pays for accounts etc and Lloyd is one of the best providers of information here. BFD arguing with me over accounts and Im pretty certain he hasn’t gone over or paid for the semnet accounts ffs.

So how is all that so awful from me?

In this world I don’t give a flying fook about what people think of me and if I wanted respect from a forum like this it would be far more easier with a much different approach.

But You've definitely got me wrong, HH – if I was half as sharp as you think, I'd have dumped my 0.72p holding at 3.6p and waved a cheerful adios. Instead, I genuinely believed January 2025 was when it would all kick off (how painfully wrong I was), and I put way too much faith in a BOD I should have known better than to trust – especially after those pointless attempts to engage with them back in July and August 2024. Still shake my head at myself for that.

I really should have taken a leaf out of AIMS' book: sell quietly at 3.6p even though he knew it was heading to 4p, keep completely schtum about the sale, ridicule anyone else selling at that level, and then – only after the price has dumped – casually announce to everyone that you'd banked at 3.6p anyway.



The 2008 Global Financial Crisis laid it bare, when push comes to shove, central banks go full throttle, unleashing endless QE, firing up the money printers, and flooding the system with liquidity until the panic subsides. They’ll do whatever it takes, consequences be damned in the moment.They’ve flirted with Quantitative Tightening a few times since, trying to unwind the madness and normalise... but the markets throw an absolute tantrum every time rates rise or the balance sheet shrinks even a little. Stocks plunge, credit freezes, and the cries of “too far, too fast!” echo everywhere.Result? Printers back on, rates slashed, QE reloaded. The lesson is crystal clear: central banks can talk tough about fighting inflation or normalising policy, but the second markets wobble, they fold. The path of least resistance is always more stimulus. We’re not in a new era—we’re deeper in the same one. Eventually it has to change........

Yeh Cryptos been one of the greatest wealth transfers of our times and has now become everything it wasnt supposed to be, but I guess the acceptance of it becoming its own asset class and its own regulatory framework leads to more liquidity and eventually over time higher prices. We are still very early, eventually central banks, debt, and Fiat, will all have their comeuppance imo and have to blink, and then crypto would go ape 5hit...

But like the song goes and was written well before the crypto game commenced....and a life lesson ! You gotta know when to hold them, fold them or walkaway. I'm Still seriously working on that ! a man and his island !

GLA

Appreciate the suggestions, wait until the songs come, you have not seen nothing, glad your mouth still works tho shame you cant get the testes going to email.



I'm just digging into GST because I actually been here a long time on/off since early 2021 and if I could see this company do something right I would up my ante considerably but right now I have many doubts like others do……….what's wrong with wanting transparency from a company we're invested in? If asking questions about this investment and fact-checking hype is 'trolling', then guilty as charged………… This has been the quietest BOD ive ever been involved in and then they just ignore calls and emails etc. TBH ive never seen this type of avoidance with its shareholders and then you have a few shareholders like yourself that have some sort of stockholm syndrome and make excuses for them. I find that very interesting behaviour, does greed and self preservation maintain the delusion. “There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.”

.. Soren Kierkegaard

Interesting where this goes next few weeks but Im sure I will have commentary.

Who knows what this BOD is up toand a public company should not be so difficult to network with.

We have had well over 6 months of disaster. Most of it board led and they have crushed sentiment and apart from a few stuntmen buyers like you left we have no market and a shareholder base that would releif sell in the 1's again....Let alone the BOD doing another raise into a or from a rise.

Made me laugh when you said Billy billy are you sure here lol hahaha I’ve seen those movies before x, and then Billy starts talking about tax write offs.

Yum Yum x;)