Member Info for Chaebol

Mediation failing is not an arbitration ruling or rejection BFD. Zheng Zhu cannot reject Arbitration ruling and they certainly wouldnt be able to file a stay back to arbitration if arbitration had already been rejected.

Check the law of Arb-med arb protocol in Singapore its crystal clear.

Please show me the post where I say have secret sources.

I used a Singaporean citizen to access the court database totally legal, not revolutionary BFD, thinking out the box, now tell me where this secret source is, I was insistent that the arb would be upheld you told me I was talking nonsense about the stay apps about arbitration being heard when they were heard, then they couldnt even file the stay to go back to arb because Zhng zhu rejected arbitration, round and round you go.

lol telling me what I said with this rubbish

Bfdinvestor

Posted in: GST

Posts: 11,465

RE: Bake is Cooked

27 May 2026 11:02

Oh dear Chaebol

I guess your AI doesn't understand how virtual conferences work.


If your theory was correct, then the AR would most likely share her written decision online during the meeting and email it at the same time


A ruling at arbitration found in GST's favour Chaebol, most people would describe that as the two former directors losing


Try to reply in a less nonsensical way

End message

BFD bless, A ruling has to be written and sealed for stay app verdicts, the AR Janice gave her verdict in a short virtual video hearing and then sent written sealed orders of the verdict to the lawyers this is standard legal practise.

So I understand how virtual conferences work and how rulings need to be finalised and sent, lawyers will very rarely comment on verdicts until the written order has been viewed especially in chambers, id suggest you do the same research BFD.

A ruling at arbitration found in GST favour is factually incorrect you cannot reject an arbitration ruling, Mediation failed there was no arbitration ruling no matter how many times people send me the rubbish RNS in December saying a view to expected agreement in mediation. Thats not an arbitration ruling and thats not the former seller losing.

Will you say sorry…………..contrition lol

Or will you reply in more nonsensical ways x;)

Now heres somenuance whatever Zheng Zhu have seen so far, they are not convinced at all !

They are 12 months in with lawyers as well and nothing has motivated them yet, Ill be interested to see all this alleged smoking gun evidence someimte in 2028 x;)

Enki I said the Application to go back to arbitration was held by janice on the 14th May I was ridiculed for that

I said the verdict was given on the stay application by Janice on the 26th May I was ridiculed for that

I said the stays would be upheld I was ridiculed for that.

I never said I knew that decision, I said its been known since the 26th and GST should RNS it and Iw as told they dont need to RNS it lol and then it was rns'd its victory lol mad!

I understood what those hearing entailed but terrible me was convinced it would be upheld, when i couldnt even be debated a while back that they could even file a stay for arbitration because you all told me Zheng zhu rejected arbitration, and they cant file stay to go back to something theyve rejected ! mediation failing is not zheng zhu calling @arbitration rejection !

Anyway lads enjoy your Friday night hold a toast up for Choo and Gav! blew my mind that one, now I know why he got moved x;)

Useless tools and all that

Quick one ! Do some research on how much discovery takes place during Arb med Arb protocol if it stops at mediation. Question you need to ask yourself is this is month 12 and minimal discovery has taken place. That is a fact.

This is Law....

In the standard SIAC-SIMC Arb-Med-Arb (AMA) Protocol (the leading institutional version, especially relevant given the Singapore context of the earlier discussion), if the process reaches mediation and it fails, the amount of discovery/document production that has taken place is minimal, typically limited to the initial pleadings and any documents voluntarily lodged with them. Here is the precise, factual sequence under the SIAC-SIMC AMA Protocol (no speculation):Sequence and Discovery StageCommencement: Claimant files a Notice of Arbitration (NOA) with SIAC. This includes a statement of the case, relief sought, and documents relied upon (per standard SIAC Rules requirements for the NOA).

Response: Respondent files its Response to the NOA (within 14 days). This includes its defence and documents it chooses to rely upon.

Tribunal Constitution: SIAC constitutes the arbitral tribunal.

Immediate Stay for Mediation: After the Response and tribunal constitution, the Tribunal must stay the arbitration and the case file (including all documents lodged with the NOA and Response) is sent to SIMC for mediation. The mediation is to be completed within 8 weeks of the Mediation Commencement Date (extendable only by SIAC Registrar in consultation with SIMC).At this point, no formal discovery/document production phase has occurred.

No orders for production of documents have been made by the tribunal (the tribunal has not yet issued any procedural directions on evidence or discovery, as proceedings are stayed immediately after constitution).

No witness statements, expert reports, or requests for production under SIAC Rules (e.g., powers under the Rules to order production of relevant and material documents) have been engaged.

If Mediation Fails: The stay is lifted, arbitration resumes, and the tribunal proceeds with the full arbitral process (including directions on document production, evidence, hearings, etc., as per the applicable SIAC Rules).

Conclusion on Discovery: When mediation fails, the parties have exchanged only the initial pleadings (NOA + Response) and the documents each voluntarily attached or referred to in them. The case file transferred to SIMC contains these materials. No further discovery has been compelled or exchanged. Full document production (if any) only begins after resumption of arbitration.

This design is intentional: the Protocol promotes early mediation right after basic pleadings, before parties incur the costs of full evidentiary steps. Singapore arbitration practice (SIAC Rules) generally follows a civil-law influenced approach where broad US-style discovery is not the default; production is limited to what the tribunal orders as relevant and material.

Lol I am busy , but do some homework Ray............. throw in those 2 and Ask your AI Conflict of interest and Director Duties relating to this court case.

Anytime x

Speak Monday Mayyyybeeeeeee

Read the message I wrote at 19:55 read it all

Read it again and again and again until it sinks in.

Gnite Bud!

You need to read all my message then.

It has nothing to do with court. Just pure Love x;)

Ray I told you that 100 % the verdcit had taken place on the 26th.

Courrt service bureau Sing Citizens can access the doc of the case in person at the ocurt bureau, but not the verdicts. This is why I was insistent on GST rns'ing the news because I knew it was made on the 26th May. I didnt know or imply what that judgement was, I believed it would be upheld imo, but it was dismissed. I wantted GST to RNS becauseI cant access the verdicts, only the filings and staus can be accessed this way, any singaporean citizen can access these docs but limited, do you understand now ?

About what Ray ?

Ray grow up you manchild offered to taker it off the board and you di your normal coward move.

I have tried to bring real info here and make predictions from that sparse info we receive.

Choo is married to Galvin x;)

It is going to be an absolute comedy show watching how a proper, battle-tested High Court Judge interprets whether these claims legally sit inside or outside the SPA. Plus, an appeal could easily kill another 4 months, leaving this entire case completely frozen in carbonite.

Up until now, Zheng Zhu has been using lower-tier procedural lawyers. We have spent four months having a loud, public battle strictly over legal foreplay. There has been zero defense filed and zero counterclaims made.

Why? Because filing a defense or counterclaim before the stay application is resolved legally constitutes a "step in the proceedings," which would formally acknowledge the US$4.2 million writ.

Slowly, the gloves are coming off. The Registrar likely set a standard 28-day deadline for the defense and counterclaims to be filed. If the appeal stays hit and win on the docket before then, the pause button gets slammed down again.

So yes, I called the stay ruling wrong. I underestimated just how messy and technical the early stages of litigation can get. But while the forum aggressively cheers my single legal faceplant, they are completely ignoring the fact that the entire ship is underwater.

Enjoy the violin music, ladies and gentlemen. The deck is tilting, the water is freezing, and your "victory" is a procedural speed bump on a one-way trip to the bottom. 🎻🚢

2/3

Part 2: My Fatal Error (When Sanjiv met Janice)

Now, I must confess. After months of operating as a flawless, laser-guided Profit Prophet, calling out this board’s ineptitude in three different languages and nailing the share price all the way down to a decimal point, I finally made a mistake.

I tripped on the courthouse steps. Cue the clown music. 🤡

My crime? I overestimated the intelligence of the local forum echo chamber and briefly fell into the black hole of their "Expected Mediated Settlement Agreement" trap.

Let’s recap the sheer comedy of that saga. I was bombarded by local "legal experts" screaming that Zheng Zhu had simply "rejected the arbitration ruling." I tried explaining the absolute basics of Arb-Med-Arb—that you cannot just casually "swipe left" on an arbitration ruling like a bad Tinder date. But no. The forum was completely deluged by people treating loose RNS phrases like “view to an expected” mediation hearing as if they were holy, legally binding contracts.

Observing this spectacularly inept board, whose corporate words carry less weight than a wet napkin and watching the forum celebrate a fictional settlement, I predicted the action would get stayed back to arbitration.

And the stay ruling went against me. I got it wrong.

The pitchforks came out.

But let’s look at why the forum is cheering, because their logic is a masterclass in weapons-grade derangement. They genuinely argued that Zheng Zhu couldn't file a stay for arbitration because they "rejected arbitration," and claimed the filings were actually Zheng Zhu trying to settle.

For the record, and for the future education of the forum clowns, if a company is settling at the Originating Claim (OC) stage, the filing will literally say "Stay for Settlement." It does not look like a procedural fistfight.

What actually happened? Assistant Registrar Janice agreed with the Semnet lawyers on the claims existing outside the Share Purchase Agreement (SPA). She looked strictly at the technical phrasing of the claims against the SPA text, not the evidence, and denied the stays.

But don't pack up the circus tents just yet, because the forum's celebration is entirely premature.

Let's introduce these legal geniuses to a wild concept called the judicial hierarchy. Assistant Registrar Janice is a registrar, not a High Court Judge. Under Singapore law, the losing party has a 14-day window to file a Registrar's Appeal. If a double-appeal drops and a temporary stay is granted to freeze the case until a real High Court Judge can hear the appeal, the advantage swings right back to Zheng Zhu.

1/2

Let’s gather around the campfire, shareholders, because it’s time for a reality check. For a very long time, I’ve been screaming the truth while the forum echo chamber survives entirely on a diet of industrial-grade copium and bs.

I’ve been tracking this 5-year regulatory circus with laser-guided precision. Let’s look at the scorecard.

Part 1: The "I Told You So" Victory Lap 🏆

* The Share Price Funeral, When the stock was sitting pretty at 1.25p, I called the drops to 0.75p, then 0.5p, 0.3p 0.2p, hit a low of 0.15p. When it was the twitching corpse at .20p, the board suddenly engineered a completely unprompted, newsless, tape-painted fake pump to trick the gullible. Don't unpack your bags just yet, folks we are firmly rooted on a one-way train to 0.10p and lower town.

* The Lithuanian Magic Trick,Not including the laser like predictions on the LT MiCA app failing in the first place from September last year I added that the GS Fintech UAB guidance of Q1 Re-application for an EU MiCA license was a laughable sham. On 29 May, they quietly wiped out CEO Agnė, the entire management board, and every single employee had already left ship. The company is now a hollowed-out corporate ghost ship. No one is home, and no application is happening in Lithuania. I did say the paperwork was garbage!

* The Polish Quagmire, I warned you President Nawrocki wasn't for turning on MiCA. With less than a month until virtual asset service providers (VASPs) legally die in the EU, the June 12 deadline is staring them down. Let's see if the President signs, vetoes, or punts it to a tribunal for a 12-month nap. Spoiler, He's not signing your hopium.

* The Illegal Cross-Border Hustle, I told you Finferno cannot legally offer cross-border services using a Polish VASP. That is black-letter law. Which means Bake and GS20 spent January to mid-April carrying out completely unauthorised trades. Whoops.

* The Stablecoin Hologram, Remember the January stablecoin hype? Which I called Pure delusion. They never applied. To keep the fantasy alive, GST released the gsmoney website on the caliber server to give the corporate impression of a stablecoin app being made, it was ramped form November 2025 that gsmoney website. I actually admire the sheer deviousness of it. It’s performance art, not fintech.

* The Eternal EMI Application, I predicted no EMI license for Angra December last year. We are now running at a world-record time for the longest EMI application in human history. With UK rejection rates sitting at 86%, I think we all know Angra is sitting comfortably in the bin.

Im sure there’s a few more x;) but thats a prophet x;)

Imo bud did you see it did you! we allowed those Ive got a special one for you x

2 secs

Lets not forget what you said 4 months ago about this. Im sure you said in July last year it would be settled in weeks.

It keeps going past people predicted timelines and events,

Enki

Posted in: GST

Posts: 2,814

RE: Morning all17 Feb 2026 09:16

Chibs. We know you are stupid. Your posts are a give away.

I bet the defenders are now in a cold sweat and a settlement is reached before it gets to court. Once they start paying their legal bills , they will be seeing the cold light of reality. Maybe they don't have the money to pay. In which case it could get criminal....

“hold the line” copium.

The courthouse is real; the “Game Over” narrative is not.

Enki have you dropped a few, you need to read up on Singapore case law

Let’s dissect this "Game Over" forum fan-fiction with actual Singapore law (Rules of Court 2021) and a functioning brainstem.

1. The "Immediate Default Judgment" Fantasy

The Claim: "Settle now or face immediate default judgment."

The Law & Reality: Physically and legally impossible. Under Order 6 of the ROC 2021, default judgment is for defendants who ghost the court, fail to file a Notice of Intention to Contest or a Defence within the deadlines. You can’t default-judgment someone who’s actively turning up, filing stay applications, and losing them on the merits of those applications. They’re in the ring swinging, not hiding under the table.

2. Tuesday 4:30 PM "Game Over"

The Claim: Procedural hearing = total annihilation.

The Law & Reality: This is before an Assistant Registrar (AR) on interlocutory stay applications. ARs handle preliminary skirmishes efficiently. Denying the stay simply removes the pause button. It does not decide liability or quantum on the main breach of confidence/fiduciary/contract claims. The defendants now get to file their Defence and head into the long, expensive march toward trial (or settlement). No AR is dropping a multi-million final judgment on a procedural Tuesday afternoon because they didn’t file appeals on stays. That’s not how the Supreme Court works.

3. "Zero Legal Legs for Appeal"

The Claim: They’re cooked, no appeal possible.

The Law & Reality: Under the Supreme Court of Judicature Act and ROC 2021, there is an automatic right to appeal an AR’s decision to a High Court Judge. Losing round one on a stay doesn’t magically forfeit rights on the main case or even on this procedural ruling. Appeals exist for a reason — Singapore law is not a Roman arena where thumbs-down ends everything.

4. The S$18,000 Costs Order

The Claim: This proves the defendants are guilty and broke.

The Law & Reality: Costs “follow the event” on that specific application (Order 21 ROC 2021). Translation: “You tried a procedural tactic and lost now pay a cost towards the plaintiff’s lawyers for showing up and winning.” It says nothing about who wins the actual US$4.2M claim. Interlocutory costs are normal housekeeping, not a confession of judgment.

5. "They Must Settle Now"

The Claim: Forced multi-million payout incoming.

The Law & Reality: Settlements are voluntary contracts. No Singapore judge, AR, or cosmic force can compel a defendant to write a big cheque before liability is established at trial (or via summary judgment, which this isn’t). Pressure? Sure. Legal compulsion at this stage? No.

TL;DR

Losing a stay application is a procedural Loss, not a legal fatality. It’s a speeding ticket on the long highway to trial. The plaintiff (Semnet/GST subsidiary) got a nice win andsome costs, good for them. But the main case is still very much alive.

Singapore law runs on evidence and due process, not internet hype or “hold t

650k Filing was added on 29th and then vanished, removed it ! wont be long until the 650k goes again. Soemthing very odd with that action that became a non action.

Money went missing for a day on the register, super weird.

GS fintech UAB is dead

The boats called not 1p soon again x;)

Laters x

Its Friday now Im gonna save it for next week x;)

Done for the day I reckon! have a nice weekend Ray x;)