Member Info for Chaebol

I am saying the cash balance is highly probable of being raise money. You agree.

Cash balance is what GST stated (As at 31 March 2025, the Company's financial year end, and subject to audit, the Company had a gross cash balance of approximately US$4.2 million) so without accounts that 4.2 million could be made up from share placings we dont know. The GST statement only provides the gross cash balance without detailing the sources of the cash (e.g., operational revenue, share issuance, debt, or asset sales). Without access to GSTech’s accounts about financing activities, no one can confirm whether share raises contributed to this US$4.2 million.

You love this stuff !This part in the site is pretty mental mate ! be careful!

Redemption

A redemption is when a loan is paid back by a third party. When someone redeems a loan, the redeemer repays the MUSD amount and receives part of the collateral backing up the loan, equaling the loan size, while the excess collateral (overcollateral) is repaid to the initial creator of the loan. The borrowed MUSD is also kept by the initial creator of the loan. The loan with the lowest interest rate can always be redeemed. Redemption is a mechanism to let MUSD keep the peg with USD.

The pretty sketch underneath it also makes me wary! GL mate, you still hanging on in Thailand then? will most likely be there October for a holiday, cant wait !

Can you imagine doing with that btc 10 years ago.

Ive borrowed a lot of money to do this with MSTY as the income per month is insane will see how the NAV goes!. Will see how it pans out if btc drops but in this cycle when btc moons everything else carries on going up.

Dbh, I have owned this on and off since 2021 and at my peak last year had 4.5 million at .72 didnt sell at 3.5p as i felt it had more but since then it's been atrocious and have sold most at 1.25 ish. One bad rns and it goes back to .5.6.7 and one good rns and it goes up. I. would like to be a buyer again but I need to understand the company is moving forward and not just waiting on rns's to tell me how good it tastes. I want to see it via bake Angra and the other pillars but apart from bake im losing confidence in them.

I may be a buyer again if we get a good rns clarity and I may be a buyer if its a bad one and clarity but we need clarity. I dare say Dgh ive bought and sold far more share here than many and have been here since 2021 with GST, and just like anybody else on a public forum I have the right to post here.

Kat,

Do you not think those placing shares were forward sold into the spike of the recent 1.4 1.5 p SP?

No.

And Robert Collier displayed the exact same hopium here as he did when Argo was in the 2/3 quids.

Should be on the BOD to explain itself and yet we all have storys here because the bod is so vague and quiet. Right now we dont even know if GST have filed the arbitration under correct english as non complete is not a legal term its non completion and if that's the case then why are GST doing this 18 months after purchase. Chris at YP Silon is adamant he's never heard of Semnet or GST, and now we have this arbitration playing out with Semnet with no english sens erof non complete or is it non compete. Cosnidering they had to send an updated rns becuase they couldnt calculate share count correctly, I am stunned they have not corrected this rns, I emailed pr Tim yday morning for further clarity on this non compete debacle but no reply....the results will obscure the picture further as all figures will be seriously caveated or omitted.

They missed a big op by delaying btc treasury, they had months to be ahead of many and for now that ship has sailed and until we know otherwise the btc hodl is 1, with the raise money they have had ops to buy btc at 105 108 111 and 115 thus far and to our knowledge they own 1.

The timing of the arbitration few days before results stinks!

GST 'expects' results to be issued by end of July, that doesn't fill me with confidence, so lets see how that pans out.

18 days done and dusted, GST should take note of this ! very, very efficient from CPAI this.

Billy

The term used in the context of the arbitration between GSTechnologies Limited and Semnet Pte Ltd is "non-compete violations," not "non-complete violations." This is a critical distinction because "non-compete" refers to agreements that restrict individuals or entities from engaging in competing activities, which is a common legal issue in business transactions and acquisitions.ExplanationNon-Compete Violations: These occur when parties to a non-compete agreement (typically sellers in an acquisition) engage in activities that compete with the business they sold, in violation of the agreement. In the case of GSTechnologies and Semnet, the arbitration notice claims that Choo Seet EE and Zheng Kang Wen Mervyn, the sellers of Semnet, breached their non-compete undertakings owed to GSTechnologies. This breach is central to the dispute, as it allegedly affects Semnet's profitability and GSTechnologies' investment.

Non-Complete Violations: This term does not have a standard legal or business meaning in this context. It might be a typographical error or misinterpretation. "Complete" could imply something entirely different, such as fulfilling obligations or completing a process, but it is not relevant to the non-compete issue at hand.

Evidence from the ContextThe web search results and the X posts indicate that the arbitration is specifically about "non-compete violations":The Investegate announcement mentions that GSTechnologies considers the sellers to have acted in breach of their "non-complete undertakings," which is likely a typographical error for "non-compete undertakings."

The nature of the dispute, as described, involves the sellers potentially competing with Semnet, which aligns with non-compete agreements rather than any "non-complete" concept.

ConclusionIt is "non-compete violations" that are at the heart of the arbitration between GSTechnologies Limited and Semnet Pte Ltd. This terminology is standard in legal and business contexts where the protection of business interests post-acquisition is concerned. As of 10:51 AM BST on Thursday, July 24, 2025, this understanding remains consistent with the available information.

Clive 1 and 2

1. Nature of Arbitration

The arbitration involves a dispute related to the Sale and Purchase Agreement (SPA) dated 5 December 2023, through which GST acquired 66.67% of Semnet's issued share capital. The notice of arbitration, issued on an unspecified date (but referenced in November 2024 updates), claims that Semnet's sellers, Choo Seet EE and Zheng Kang Wen Mervyn, breached non-compete undertakings and other obligations. The arbitration aims to recover profits for Semnet if resolved in GST's favor.

2. Potential Impact on Financial Results The arbitration could affect GST's financial results in several ways:Contingent Liabilities: The arbitration's outcome could result in financial claims or damages that GST needs to account for as contingent liabilities. If probable and estimable, these must be disclosed in the financial statements, potentially affecting GST's reported financial position.

Revenue and Profit Recognition: Since GST owns 66.67% of Semnet, any profits recovered through arbitration would impact GST's consolidated financials. Conversely, if the arbitration results in losses or penalties, these could reduce reported profits or increase losses.

Impairment of Investment: If the arbitration negatively affects Semnet's value or future profitability, GST might need to impair its investment in Semnet, leading to a write-down in its assets and a corresponding impact on equity.

Legal and Arbitration Costs: GST will incur legal and arbitration costs, which are expenses that could reduce net income for the year.

I asked AI if arbitration could delay financial end of year results.

3. Delay in Issuance of Financial ResultsThe arbitration process could delay the issuance of GST's end-of-year financial results for several reasons:Information and Disclosure Requirements: GST needs to assess the arbitration's potential financial impact, which may require legal opinions, financial projections, and discussions with auditors. This process can be time-consuming, especially if the arbitration is ongoing.

Auditor Scrutiny: External auditors will need to evaluate the adequacy of GST's disclosures regarding the arbitration. If the outcome is uncertain or material, auditors might request additional information or time, delaying the audit completion.

Regulatory Compliance: As a company listed on the London Stock Exchange (LSE), GST must comply with UK and Singapore financial reporting standards. Material uncertainties from the arbitration could necessitate additional disclosures or interim updates, potentially pushing back the final results.

Strategic Decisions: GST's plans for Semnet, including a potential NASDAQ listing (as mentioned in the November 2024 update), could be influenced by the arbitration's outcome. This strategic uncertainty might further complicate financial reporting timelines.

4. Could Financial Results Not Be Issued?It is unlikely that GST's financial results would not be issued at all, but there are scenarios where issuance could be significantly delayed or qualified:Ongoing Arbitration: If the arbitration is still unresolved by the reporting deadline, GST might issue preliminary results with caveats, indicating that final numbers are subject to the arbitration's outcome.

Qualified Audit Opinion: If the arbitration introduces significant uncertainties that GST cannot reasonably quantify or disclose, auditors might issue a qualified opinion, which could delay the results until more clarity is obtained.

Materiality Thresholds: If the arbitration's impact is deemed immaterial to GST's overall financial position, it might not significantly delay the results. However, given GST's 66.67% ownership of Semnet, the impact is likely material.

5. Semnet's Role and ContextSemnet Pte Ltd is a subsidiary of GST, acquired in December 2023. The arbitration stems from alleged breaches by Semnet's former owners, which could affect Semnet's operations and financial performance. GST's November 2024 update indicates plans for Semnet's potential NASDAQ listing, valuing Semnet at US$54 million (GST's 67% at US$36 million). The arbitration's resolution could either support or hinder these plans, influencing GST's financial strategy and reporting.Conclusion The arbitration between GST and Semnet Pte Ltd in Singapore could affect the issuance of GST's end-of-year financial results, likely causing delays due to the need for additional information, auditor scrutiny, and compliance with disclosure requirements.

I hope these results arent delayed!

Enki you were saying 3p before results etc etc. You should be a bit more humble mate.

Moomins that was under Hosp and previous bake ownership and the 2 partners dispute. Correct me if im wrong but this is the lowest the assets have been since GST owned bake correct?

So assets on bake down 95% ish since ownership

SP now down 70% during that time, I think we see ar elationship here x;)

Bake lost another 7 % in assets overnight. Thats about 95% down now since GST took over bake, if Bake is doing so well and integration has gone well where has the revenue and assets gone?

https://defillama.com/cex/assets/bake.io

Yeh very likely it goes under 1p today.

Massi, This is 70 % down in 6 months, that does not need negativity it is negative. Good or bad update tomorrow I hope the RNS is issued timely and not delayed through this recent update with Semnet.

The BOD need to clarify a lot of things here now and i hope that is apparent in its year end figures and info it divulges but mmmmm, let's see, GLA

Bake Total Assets now only 878k. I hope these waters get nicer.

Lol ive had an account withLSE a lot longer than you have AIm. Unfortunately too many have knocked me here ! so escrow or a smart contract can set the terms, we pay our stake and then the time sets the winner and then dont have to play kiss chase.

Email me aim and lets get this done!

Cheers Aim lets set up smart contract or escrow, then its done. Email me we can sort it that way.

chaebol89@gmail.com