RE: Some conjecture to add to woes...18 Feb 2026 21:40
BOD do not have much slack with a raise if they announce one, the discount will be absorbed fast. At least retail will be offered shares.
Lam Pek San owns 10 % of semnet and is now in the management for the Angra Zoo mix in Poland. I just cant get into my head how a purchase like this goes so wrong. I don't know the intricacies but all thats gone down........... With all due respect to Lam Pek San, In my mind the last person I would want to bring in on another deal is another Semnet percentage owner.
Regarding the 58,844,713 ordinary shares issued by GSTechnologies Ltd (GST) to the former owners of Semnet Pte Ltd, the specific restrictions and conditions were as follows:
Deferred Issuance (9-Month Lock-Out): The shares were not handed over immediately upon completion of the acquisition (29 February 2024) Per the Sale and Purchase Agreement (SPA), they were only to be issued on the nine-month anniversary of completion. No lock in period has been mentioned. The 58.8 million shares to the former owners of Semnet was RNS'd as issued on 2 December 2024.