Member Info for Chaebol

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2. Capital Raises & Major Share Issuances (2021–2025)

Cash Equity Raises: £9.8 million gross across multiple placings and retail offers.

Major Non-Cash Share Issuances

100 million new ordinary shares issued in 2021 for the Wise MPay / Coalculus collaboration (received 100 million COAL tokens + four enterprise blockchain nodes). .5p SP

~214 million shares issued in 2023 via US$1.6M convertible loan conversion. 800k loan converted until its early termination 10 % interest 880k paid back in shares. average .4p SP

Acquisition shares (e.g. Semnet). 58 million average 1.34 p 1 million USD.

Current share capital: ~2.325 billion shares outstanding.

Dilution Impact, Very significant. Shareholders from the pre-pivot era have experienced substantial ownership dilution due to the volume of new shares issued to fund the new strategy. Over 100 % dilution since 2021

3. Regulatory & Licensing Challenges

Lithuania: Failed to obtain full MiCA CASP licence by the Dec 2025 deadline. No staff or Agne any longer looks close to the end.

Poland (Finferno): Crypto trading services suspended since 15 April 2026 pending MiCA licence — a material disruption to a key revenue stream. Finferno VSSP expires end of June.

Angra EMI app is now entering the longest application I have ever seen, applied January 2025 with no updates since December 2025 lol

These setbacks have directly impacted operations in the post-pivot fintech/crypto business.

4. Semnet Dispute

Semnet (66.67% owned) is claiming ~US$4.2 million against former sellers (including Zheng Zhu and Chong) for alleged breaches.

On 26 May 2026, the Singapore court dismissed the defendants’ stay-to-arbitration applications (procedural only — no finding of wrongdoing). Semnet awarded S$18,000 costs. The substantive case continues with appeal deadline 9th June.

Next OC hearing booked for 3rd July, they will be monthly now if thee appeal stays are not upheld. Keep your eyes open for appeal filings especially stay on proceedings until high court appeal outcome, if they win that stay you have another 3 4 5 months more of procedure and they still wouldn’t have acknowledged the case yet with a defence or counter claims.

GST successfully exited its legacy loss-making EMS business and has executed a full pivot into fintech/crypto/cybersecurity. Since the clean post-pivot period began in FY2023, the company has achieved strong percentage revenue growth (from a very low base) and expanded through acquisitions.

However, the post-pivot revenue scale remains modest (US$2.96M in FY2025), cash burn persists, and the company continues to rely heavily on equity dilution (£9.8M cash + 100M COAL swap shares + 214M loan conversion shares, etc.). Regulatory licensing delays in key EU jurisdictions have caused operational suspensions, adding execution risk to the new business model.

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The pivot removed a loss-making legacy business, but the new fintech/crypto/cybersecurity model has so far resulted in higher absolute losses on a much lower (though growing) revenue base. Cash burn remains elevated, requiring repeated equity raises and significant dilution.

This is a common pattern in aggressive growth/pivot stories — heavy upfront investment in the new strategy has not yet translated into profitability. Whether the post-pivot businesses can scale to cover the higher cost base and eventually deliver better margins than the old EMS operation is the key open question.

1. Important Context on Revenue – The Legacy Business Distortion

The company underwent a major strategic pivot in 2022, disposing of its loss-making legacy EMS Wiring Systems / ICT business in September 2022 to focus exclusively on fintech, crypto, payments, and cybersecurity.

Pre-Pivot Revenues (Distorted by Legacy Business)

Year Revenue (US$) Notes

FY2021 3.41 million Almost entirely legacy EMS/ICT wiring business

FY2022 4.238 million Final full year of legacy business (US$4.19M from EMS) + minimal new fintech contribution 48k USD

Post-Pivot Revenues (Pure Fintech / Crypto / Cybersecurity – from FY2023 onward)

Year Revenue (US$) YoY Change Notes

FY2023 0.443 million -89.5% from FY22 First clean year post-EMS disposal. Very low base

FY2024 1.55 million +250% Early fintech ramp-up + acquisitions

FY2025 2.96 million +91% Full Semnet contribution lol

Key Takeaway (Facts Only)

Since the full pivot to the new business model in FY2023, the group has delivered strong percentage growth, but the absolute revenue numbers remain very low — rising from just US$443k to US$2.96M over three years. Cumulative post-pivot revenue (FY2023–2025) is only US$4.953 million.

Lol and we will see how end of June and July play out Ray,

And everything looks so good and rosy moving forward here lol

GS fintech UAB hollowed out shell, youre not reapplying for Mica with no CEO staff or substance in LT lol that was the problem last time, now reapply with no one lol

Angra EMI 18 months no update since December equals trash bin Angra dont even have staff at mermaid house or answering service right now.

Bake and gs 20 no longer in service and no one can say when they will be back online.

Finferno expires end of June.

Whats the NAV when you factor all that in?

FWIW thats Angra Global if anyone is unsure.

Just type Angra in the search box

Says the man thats made 800 posts the last 30 days.

Take a step back Ray and put your chest back in and ask yourself, What makes you think i'm trying to convince you, youre good for a giggle and your losses must be insane.

I just hope newbies don't get misled and wasted with the boards nonsense here like so many have the last 12 months here with delirium and peoples fantasys.

Making money from shorting and even the longs here were good to me and warning people of all the problems it was about to hit provided much needed balance in all of that 5 p any day now, mica any day now, emi any day ,now stable coin any day now, poland mica app any day now , anyhthing any day now etc etc.

If my posts and warnings are spams that became pretty much true in moist cases, what were the thousands of your posts that were so wide of the mark you could only call it trollish or deluded behaviour in the end?

Still not renewed

https://fintrac-canafe.canada.ca/msb-esm/reg-eng

MSB registration expiry date 2026-05-31

When I mention Gs money you all peed on it

And Ence not berating you or anything, I appreciate your posts I am just highlighting your post to how many jumped on the gs money ramp but when Chaebol mentions it, the rampers tell me it’s a defunct old website that has no meaning! Even though im sure gsmoney.net will look just like the site on caliber one day maayyybbbeeee!

Gsmoney is the most modern website they’ve made and its not even real.

encephalopathy

Member since Nov 2021

3 Dec 2025 07:48

Posts: 860

Price: 0.65

No Opinion

Https://gsmoneyweb.caliber.com.sg/

This is going to be the development that I am excited for. The interviews all those years ago talked about this aim, this method of using their protocol. Angra will be using this, are they using blockchain now??? Bake and gs20 are a sideshow, an awesome one, to be fair. Semnet also a complimentary addition, looking like a financially advantageous one also.

MiCA could facilitate the delivery of the gsmoney platform also passporting around eu. Then the is Canada, Australia, SP, China (Angramoney inHK, vimlogy although what is gstechnologies cut), S America etc

Patience

Ray do i need to say it every day for the next 100 days.......... that blew my mind, mind still blown tbh Ray.

Got it ? or not?

You say that but look how hard it was in LT in 2024 850 plus VASP were registered only one local LT previous biz VASP coingate actually made it though the list.

Nuvei and Robinhood were multi nationals that offered excellent growth to LT and UAB Micar assets was solely set up for Mica and had no previous VASP business to look at.

Lots ticked the boxes but the BOL used it as a weapon to lessen its wild west VASP crypto days, will the Polish KNF do the very same ? Zondacrypto has already tarnished it and that was an Estonian VASP utilising MiCA crossborder services so MiCA didnt save punters during that transition process or verify its holdings. FWIW i think Pres either vetos or to avoid blowback kicks it to tribunal where it effectively gets frozen for up to 12-15 months. The Pres has made a record amount of vetos during his presidency and these vetos are not about crypto imo.

Sorry to say Ence, but with no staff at GS fintech UAB no LT CEO any longer and the board management pulled, LT has gone ! and all their bets are on Poland and the political quagmire that is in, the 12th very unlikely brings into law MiCA the president has enough of a majority to win he Sejm as Tusk need about 267ish the last veto brought 241 votes below the number to override the president veto. Lets see what the 12th brings..

Finferno VASP expires end of June and I think a lot goes with that tbh.

Ray Ive already told you, do you want me to fax it?

Any day now eh zzzzzzzz

Yeh you told me all the way those stay apps would be dismissed for A SETTLEMENT x;)

Maybe you can assist on some sayings you make?

‘Any day now’

When is ‘any day now’ ending here? I have heard it since last July and when I hear you say it I add another 6 months, maybe you can clarify ?

‘Will hit 4p Very, very soon 14th May 2026

You said 5p last July 2025, what time frame does very, very soon cover? its month 12 now and .4 furthermore, why the discount from 5p to 4p ? are you deducting finferno from your NAV calculations x;)

Enki

Posted in: GST

Posts: 2,819

RE: Manipulation

14 May 2026 08:35

I'm more hopeful of a RNA that the parties have reached agreement re Semnet any day now. Maybe even today currently 3.30 pm Singapore time.

Today is the last throw of the di for Sooty and Mervyn. They need to get buying those shares for return to our treasury.

Enki

Posted in: GST

Posts: 2,819

RE: Its not manipulation

14 May 2026 14:56

We are so lucky to have Chaebolxxx and Super IQ batting for us.

I believe the SP will hit 4p very , very soon as he has signalled with his reading of the runes.

I'm a believer.

Enki

Posted in: GST

Posts: 2,819

RE: Ramp EMI License all day Sunday and if no RNS Monday AM please buy more (select few) x;)

17 May 2026 08:35

Order of incoming news:

1. Semnet settlement in our favour for c$2m

2. AEMI

3. MiCA

1 and 2 any day now.

Enki

Posted in: GST

Posts: 2,819

RE: Email Tim FCA GST Sing lawyers Daphne, Zheng, lots of pressure now ! The news is out there.

30 May 2026 10:04

Settlement can come anyday now.

Bill it was the 4th the hearing was yesterday x;)

And Massi I got one call wrong *pending appeals, I didnt attack everyone wiht a negative view and got proven worng on every point eh Ray, you bigged this up from 1.9p down dont get moralistic with me. Your predictions have been wrong on almost everything ,finally all the way down form 1.9 and you chanting massi knows these are the last cheap prices at .2p you got a bs pump! thats it ! You called everyhting wrong on this for a year and yet you still make out your right.

So its you that spams and trolls the boards with sp moons and licenses that never hit and youre telling me that , the irony.

Im supposed to be stupid whilst youre all telling me they rejected arbitration. lol

Im supposed to be stupid whilst youre all telling me they rejected arbitration. lol

No do you! I know arb was filed July 18th I know they had to do arb before they did mediation this takes months BFD, when mediaton starts you have 8 weeks from the guidleines to complete, yes you can extend but these are the guidelines bfd ffs

The rules, do you think im so stupid theyre just going to mediation they have times, processes, maybe even delays etc etc!

You have processes before the mediation hence the arb med arb protocol.

It takes time to go through the first phase but i did write that down as well, we dont know delays or antyhing else

No jesus are you mad Mediaition is an 8 week process.

Confirmed under the official SIAC-SIMC Arb-Med-Arb (AMA) ProtocolExact provision (Clause/Paragraph 6):

English translation (standard rendering used in official descriptions and commentary):"The mediation conducted under the auspices of SIMC shall be completed within eight weeks of the Mediation Commencement Date, unless the Registrar of SIAC, in consultation with SIMC, extends the time."

Makes sense why they rns'd mediaiton failure on feb 13th or is that too logical ? and if not how long did they sit on the news for ?

So wehn did GST find out mediation failed BFD ?

Rest your fingers then bill for gods sake

Said poster wrote something in the line of " The sellers of Semnet plan was is the long game and the stay being dismissed is what they really wanted"

What????? you been taking fentanyl and reading gobbledygook again !

Lets not forget your rubbish

billy101203 



Member since Mar 2009

18 Dec 2025 07:19

Posts: 33,003

Price: 0.61

No Opinion

AHS it could be anytime.


At least MiCA , EMI process confirmed via RNS.

We even goin gto Brazil!!!

(Bill is ramping with aim that semnet expected mediation money hitting the bank any moment! for 5 months ive had to hear Zheng Zhu are buying the 58 million shares back one time it was 315 million)

Lol

Mediation is an 8 week process and imo if it commenced first week of December it ended around first week of February,

When did you get RNS confiriming mediaiton had failed 13th February x;)

They entered medaition with a view to an expected agreement 1.1 million and 58 million shares. We dont knwo why mediaiton failed but thats not arbitration failing or being rejected.