Member Info for Chaebol

You still going on about that, I remain with the figures I quoted! call up Allen & G BFD and ask them how much they want to defend you in a 4.2 million USD writ.

Shes done best part of 150k after that hearing but youll go on about it for ages and it has no meaning on GST investment or the SP what Daphane is paying so im glad you go on and on about nothing that has any relevance to this investment.

Shows your motives totally!

You are so thick BFD that you cant connect the dots........ I was being sarcastic on the Massi green box syndrome but you didnt smell it, I don't block or play those childish games.

Everyone's opinion should be welcomed here, even yours, no matter how many times you call it wrong.

Wow you really don't know that GST walked away from easysend because the deal no longer worked after the purchase of Semnet.

FWIW they cancelled easysend after the purchase of CAKE bake not semnet bfd. You're welcome

Https://www.imgt.sg/#our-team

Must definitely always prioritise the Semnet biz over his own x;)

This looks like a job for mates pay off.

Melvin Chan is currently a Co-Founder and Director at IMGT Capital (operating as IMaGine Tomorrow).

IMGT Capital

Key Details

Company: IMGT Capital (IMaGine Tomorrow).

Role: Co-Founder and Director.

IMGT Capital | IMaGine Tomorrow

Senior Management Team. Lawrence Lye. Co-Founder & Director. Lawrence leverages over 30 years of experience in financial services ...

Melvin Chan is also the CEO of SEMNet Pte Ltd.

His dual involvement across both firms reflects his extensive background in both financial services and high-level technology operations.

Are regulators keen to approve firms for heavy licenses when the group backing it has lost 94% of its value, this is whats going down now.

Maybe in Somalia you get a license with that type of form, but a serious Country come on ! You getting laughed at!

All we need is the EMI confirmed failure, I am convinced they know about this already, 16 months in tomorrow! Not even a complicated app Angra GST 99% of cases solved in 4-10 months.......lol

What a giggle BFD is

All Bfdinvestor ever does is mock, belittle, and lecture other investors as if he’s the voice of reason.

Meanwhile, the share price has collapsed 94% in the last 15 months and the company has racked up multiple regulatory and other timelined failures — yet he still acts like he has all the answers. And then he has the audacity to tell us we know nothing.

A lot of investors on this board are starting to realise that many of the rampers know very little about the sector or the company.

What they do know a lot about is blind hope and flogging dead horses.

This is where we are now.

Joking aside, I do agree with you, IBAB. It is poor form, and I’ve learnt to bite my lip on it here. While it doesn’t make it right, the company’s performance has so far outweighed the frustration caused by delayed communications. That said, it wouldn’t take much effort for them to either add a short note when updates are delayed, or like you say simply avoid giving specific timelines in the first place.

Impairment charges are not a "good tool to avoid tax" in the way billy implies.

They are non-cash accounting adjustments when the carrying value of assets (goodwill, software, investments, digital assets) exceeds recoverable value. They increase reported losses, which can reduce taxable profit if there is any — but GST is already deep in losses, and the BVI parent has no corporation tax anyway.

Impairments are not discretionary tax avoidance; auditors (they changed auditors in 2025) scrutinise them heavily, and aggressive or repeated impairments can raise red flags with regulators/investors about overvalued acquisitions or poor capital allocation.

GST has booked impairments in recent periods (e.g., on goodwill, right-of-use assets, and digital assets). These are disclosed in the notes to the accounts and often signal that previous acquisitions or intangibles didn't deliver expected value — the opposite of bullish.

Calling impairment a clever tax dodge shows a fundamental misunderstanding of accounting. It's usually a negative signal about asset quality, not a positive "tool."

Yup!

Inspired selling at .67 Muldoon !

You got mocked at the time ! lol

Who is laughing now lol

Hahaha Dom Diamonds or HG might have had a name change ...........he sounds lively anyway, Nialls a legend ! best page on x/facebook.

Thailand is a great existence as a foreigner, its changed like everywhere but still better than most.

Annoying ! This LOM update has played out for some time now !

Just release it Segun ffs lol we want our riches and x5 over the last 15 months has not been fast enough according to some lol

One thing i've learnt the hard way with gold investments is you have to have patience with these things. Of course we all want timely updates but Segun has proven his credibility and Im sure we have valid reasons for its delay of publication.

I am sure thats a good thing for most posters, the winding down of this, its all positive according to most here Mouse.

Semnet shambles

Gs Fintech UAB lol

Gs fintech UK lol

Finferno lol

Wise Mpay lol

Coal lol

Nuwealth lol

Gsexchange lol

Gs money lol

Angra not a lol but tills ring with losses still.

True ! and If they had a viable jurisdiction to apply to for MiCA I am sure they would have also announced that state!

In Poland lol satire.

All that hopium in the RNS's......dissolved today !

https://find-and-update.company-information.service.gov.uk/company/13147477/filing-history

DS You dont know a fella called Harry Gold from Essex lives it large in Hua Hin ?

https://www.dailymail.co.uk/news/article-9227543/British-man-arrested-drug-fuelled-shooting-spree-speedboat-Thai-island.html

He had to change his name to HG and then flew back..............he is a nice bloke really. Just nuts!

Have fun with the pups, love dogs better than people tbh! Do you see that Niall Harbison page ?

CLSK Coin will be good in 2029, it does that 4 year lunatic pump was it 30p in 2021 nearly 100p 2025 that yellow token looks a goer tho.......just all very lean atm!

Https://fintelegram.com/fma-slams-brakes-on-kucoin-eu-austrias-mica-trophy-exchange-hit-with-aml-sanctions-freeze/

Austria’s Austrian Financial Market Authority (FMA) has pulled the emergency brake on MiCA-licensed KuCoin EU Exchange GmbH: the Vienna-based CASP is banned from conducting new business after losing its key AML and sanctions officers. Just weeks after FinTelegram questioned KuCoin’s “Austrian whitewash,” the regulator now publicly confirms serious organisational breaches at its own MiCA showpiece.

'Lost its key AML and sanctions officers'

Lol lost.

Kucoin huge company they are farked now, beginning to make me wonder that the next crypto bear market,a nd its coming soon, will be the evaporation of crypto exchanges globally. imo.

Specific Cases Involving VASPs

Some high-profile Lithuanian-registered VASPs suspended crypto services in January 2026 due to the MiCA deadline and non-compliance/enforcement pressure (often described in media as part of a "purge," "blackout," or "guillotine")

* utPay (Utrg UAB / UTRG UAB): Suspended all crypto-asset services effective ~1 January 2026, citing MiCA alignment. It was linked to high-risk sectors like iGaming. utPay (UTRG UAB) — suspended crypto services:

* https://utpay.io/

* CoinsPaid / Dream Finance UAB (and CryptoProcessing): Temporarily suspended crypto services in Lithuania, shifting focus elsewhere. Framed as compliance-related https://cryptoprocessing.com/legal-hub

So if GS Fintech had announced orderly withdrawal on the 15th December, they would not have had to buy finferno to perform a VASP withdrawal. And they called finferno expansion into Europe lol ! 12 weeks later closed.

The board couldn't be telling punters then that MiCA had failed, they still couldn't tell us why when it did fail on the 31st.

Finferno cant apply to LT, unless it decides to do lot of substance in LT! and GS Fintech UAB can hardly be in good graces with the BOL hence them not mentioning the reapply with BOL in the RNS and finferno saying we applying in Poland !

Neobankers x;)

And then there's a saying I have heard it many times........

In the High Court, the only certain winners are the ones in the robes.

This is a substantial claim involving alleged breaches of fiduciary duties, contractual obligations, and possibly non-compete or employee-related issues under the Sale and Purchase Agreement for Semnet.

Daphane’s Defence Costs at Allen & Gledhill

Because the claim amount is significant (USD 4.2m), the case carries more weight. Even if Daphane is only one of the defendants (and not a party to the original SPA, so her exposure may be narrower), defending a multi-million-dollar commercial dispute at a top-tier firm like A&G changes the cost dynamics.

Realistic total solicitor-and-client costs for Daphane’s side (what she or her insurers actually pay A&G):Lower end (narrow allegations against her, limited documents, early resolution/stay/strike-out): SGD 120,000 – 250,000

Mid / most probable range (standard discovery + some contested hearings + preparation through to mediation, arbitration referral for others, or trial directions): SGD 250,000 – 450,000+

Higher end (heavy document review, multiple interlocutory fights, full evidence preparation and trial): SGD 500,000 – 800,000+