Member Info for Chaebol

Thing is tho billy I posted that banys post 4 months ago.

And it was of course ridiculed....... now its my best post yet......lol

You're welcome Joe !

Nice to see someone benefit. Are you a buyer at 0.14p ? or thats it now.....they have some bad news to get through next few weeks, drop the EMI failure and its gonna be close !

Good luck anyway Joe !

Nice one ! Already seeing exchanges getting mangled.......you seen YELLOW worth a looksie imo COIN.PL own a few of them.

Been impressed.

Poland has no mica regulatory framework anyway it kept getting vetoed, they could have easily run that to expiry. Could have even built Polish market via the VASP.

Think something far more important must be happening and theyr'e just not getting volume and bleeding money for a MiCA app that becomes more expensive than firms realised, I remember banys at coingate saying many firms will walk away from MiCA not when they realise how expensive the application is but how expensive it is to maintain. and if theyre not getting revs from bake whats the point pursuing massive expenses for very little beneift.

Good luck Ian x

You know its not reserved lol, you still in Thailand mate ?

GST would be screaming it from the rooftops if it was.

I might do a mooches move if it goes to 0.14p and get 7 million but id rather see the BOD resign and someone else takes this over tbh.

The only pillar that does anything is Angra and that loses money on its margins. The rest is very vague, how many punters use bake daily ? whats it monthly volumes everyhting so hard to source with this co....

Month 16 for EMI and the group that backs angra has collapsed during its application, other firms that were recently emi approved have raised 15 20 million usd in Feb, players! I think its safe to say EMI gone for Angra. If you cant secure these types of licenses then you are not going to succeed they have had 4/5 years in most cases now and its clearly not working. Jack old man same as Goh these lot playing dinosaur games in young innnovative vibrant firms that just smash these apart. Some of those firms that were approved by fca for stablecoin and approved for EMI's were only recently incorporated, so it cant be that difficult to get these licenses, if their is real will to achieve it.

I just never saw that 'will' here. Just awful soundbites and ran wild with very little substance.

They did not even mention Reapp in the RNS it went last year they need to find a nicer jurisdiction, have they twigged yet lol , how long can you say your services are suspended for ? they have bake finferno GS fintech out of order and semnet litigation arbitration mayhem. Shares going suspended if this goes on......

I bet some lawyers in Singapore are popping corks on this news.............When you go after people on fiduciary breaches the claimants have to demonstrate competence and honesty lol

Here's a clear, straightforward breakdown of Angra Limited's financials for the year ended 31 March 2025 (compared to 2024 where available). This is a small but growing subsidiary of GSTechnologies Ltd (GST) operating as Angra FX (foreign exchange and payment services).

1. Profit & Loss (Income Statement) –

2024 (£)645,031

2025 (£)770,006

Change

Revenue (Turnover)

+19.4%

Other income

4,873

Total Income

774,879 2025

645,031 2024

Operating Expenses

876,746 2025

850,855 2024

+3.0%

Loss before tax

(103,442)

(240,449)

Improved by 57%

Net Loss (after tax)

(103,442)

(240,449)

Improved by 57%

Wheres the revs?

He would have had more fun throwing it out of his window.

Lol 0.14p some day soon Novice

This is in a doom loop with it nowhere near the end.

Any day now x;)

Oh dear!

Angra is king lol

600k revenue from 100 million before bills and currency losses last year 450k

The King x;) month 16 no EMI lol

I called it right then x;)

Hope some listened

Oh dear !

So you can now add Geographic Myopia to your green box syndrome............ I’m currently in Asia, which is 7 hours ahead of you. While you were tucked in bed dreaming of green boxes, I was already midway through my morning.

It's called timezones x;)

The FCA EMI Gateway The Brutal Reality (Q4 2024 – Q3 2025)

The latest data from the FCA reveals just how high the "bar" has been set for new Electronic Money Institutions (EMIs). It is no longer a hurdle; it is a fortress.

157 Applications Filed, A massive surge of fintechs entered the race, but the regulator is now acting as a strict and uncompromising "gatekeeper."

The 3.8% Success Rate: Out of those 157 applications, only 6 Authorised EMI (AEMI) licences were granted in the nine months leading up to September 2025.

Target vs. Reality: While the FCA is accelerating for some, 12 cases blew past the new 3/10 month "fast track" window, and 3 cases even exceeded the 12-month statutory deadline.

The 2026 Breakout: After the "slow burn" of 2025, 2026 has seen an immediate shift in momentum—6 new approvals.

With a success rate of less than 4% for those 157 apps in 2025, the message is clear: the FCA is prioritising "shelf-ready" compliance over volume. If your application isn't bulletproof, you won't make the cut.

Https://www.fca.org.uk/publication/data/authorisations-operating-service-metrics-2025-26-q3.pdf

For the second quarter of the 2025/26 financial year (covering July to September 2025), the FCA published the following determination time metrics for PS1-4 Payment Services & E-Money Authorisations:

Financial Conduct Authority

LQ (Lower Quartile) determination time: 148 days

Median determination time: 180 days

UQ (Upper Quartile) determination time: 230 days

6-8 months was the average and upper quartile time for EMI app decisions in Q2 2025/26 according to the FCA, How is Angra taking so long?

Zheng and Zhu retained very cost effective procedural lawyers, they are filing anything but a defence on the 2nd in my humble opinion.

I would be amazed if they are, all they need to do is delay delay delay and make GST bleed, it’s just whether they’re filing the security costs or section 6 to take it back to Arb, but we gonna see multiple filings from them, why have GST not filed a Mareva?. Zheng and Zhu will let Daphne do the counter claims with her heavyweights. It’s funny people here said they would bleed her dry no one realised she would get indemnity as part of her insurance as a Director/officer surely GST knew this ?

What you have on the 2nd April is a case management conference and months and months of procedure, only the lawyers will be there on the 2nd no trial etc…., most high court battles like this IF they ever go to court is typically a 12- 18 month process, and if it does go to court the trial and result of it would be in 2027, the high court judge takes 3 months to give his verdict.

According to the Singapore Judiciary’s Court Charter (updated as of 2025):

* Oral Judgment (Civil Trial): Within 4 weeks of the last hearing or written submissions (whichever is later).

* Written Judgment (Civil Trial): Within 12 weeks (i.e., about 3 months) of the last hearing or written submissions.

https://www.lexology.com/library/detail.aspx?g=cd74d2a7-a417-48fb-8c8b-7a136a35f735

Depending on the complexity of the matter and other factors, such as the location of parties, evidence and witnesses, a matter may proceed to trial as soon as six months from the date of issue of originating process, but more often between 12 and 18 months, and rarely beyond.

Not sure what you're twisted over now and deranged with.

Next steps

The Supplementary Regime, and related amendments to the Approach Document, will come into force on 7 May 2026.

We will engage with industry to support implementation.

If you are referring to the freedom of information FCA sent new data up to September 2025, Angra applied in January 2025 and thats confirmed form wellesley himself.

So this information is relevant and useful and if anything the FCA are cognisant that app times needed to improve 99% in 4-10 months is excellent from them.

Angra month 16 next week wiht this app.