Member Info for Chaebol

Made it to Baghdad Friday night.

Life has been a holiday since 2011.

Without me mentioning I was one of the very few stating arbitration was going to be ‘severely delayed’, I was the only one to bring this up at all ‘they do not mention anything about stolen clients or employees/the non compete clauses.’

This is why I was never convinced this was anywhere near its resolution, I see the billy boys said at least we know the figure now ! But didn’t you all think you knew the figure when it was announced an ‘expected’ agreement in the update in December.?

Someone else here actually said to me former owners done so much wrongdoing that they’re paying 300k extra. How’s that looking lol >?

If I were Zheng and Choo I would be highly confident of beating GST. If GST argument is you sold us a shell and stole all our clients, my argument would be how did you get a 54 million valuation on an ipo 9 months after we sold it to you (future milestones have to be acknowledged and the valuation is public info) HOT was signed! Zheng and Choo are being advised it can be won. And for sure my short call in August 2024 with Zheng confirms he is no usual Singaporean at all.

This is another poor showing from the BOD, I don’t know how many inept points they can keep hitting without heads rolling. How they’ve gone from ‘expected agreement’ to a whole new level of 4.2 million and writs served to former Semnet manager is the bizarre tapestry of GST.

And I do wonder why they never mentioned anything about non compete clauses in Dec update. Did they actually think confirming a vague mediation ‘expected’ settlement would ramp the sp? They did it with the polish vasp expansion RNS. Quite despicable really.

Evil BOD x;)

Zheng and Choo are in a no lose game here, how much extra biz and money was secured from the 36 mill contract, Those deals aren’t one offs…….

how many other big server contracts have they done, he was at Singapore expo in November selling servers, tbh Semnet should have been there…. And yp silon still deny publicly their involvement in the 36 million deal…

This Semnet game ‘could’ now go on from start to finish 3 years plus, which is what I originally said as a timeline in July 2025 when this arbitration was announced. and my prediction is Zheng and Choo win by paying less than the 1.8 million. I think they’re levels above GST, and for GST, this is a costly litigation and further public loss of credibility and sentiment with no gtees it will win.

After appeals and everything else the conclusion ‘could’ now run deep into 2027 2028.

Woeful.

Chaebol

17 Jan 2026 10:39

Posts: 10,882

Price: 0.60

No Opinion

Semnet Musings

Posted this on the 17th to the usual praise x;)

‘The bod have stated that it ‘appears’ the former owners have entered into a ‘formal mediation hearing’ where they ‘expected’ they would return 800k the 58 m shares and the 300k tax bill paid on the 1.75 million given to them as a special dividend from the profit on the 36 million contract. Thats what the BOD indicate, they do not mention anything about stolen clients or employees/the non compete clauses. Today 17th January still no update from what the BOD said about agreement being signed late Dec early Jan, so now delayed or added/unknown complexities.’

Bingo! Again x;)

Remember when GS20 used to say it was doing 15 million a day, sometimes 17 million a day, sometimes even 25 million a day. Lol

Dingle brings up an important past where fantasy figures for GS exchange were fact! Like his posts below.

Dingle1903 



Posted in: GST

Posts: 27

RE: Blue day

23 Apr 2025 14:57

And another 15milion through GS exchange so far today

Dingle1903 



Posted in: GST

Posts: 27

RE: Reason to be cheerful... bouncing crypto shares....

22 Apr 2025 20:23

GS doing over 17 million already today

MCAP £27 million

Looking good for July results

GS with Bake barely did 44 million USD for the whole financial year and posters claiming they did 32 million sterling in 2 days, this is the riddle the BOD wanted. Just debating those phantom figures was farcical at the time , how did the BOD get away with printing such rubbish on the exchange in the first place? When it was actually about 850k USD per week.

Arguments over those figures went on for months, and then when the figures do come out and prove the rampers and gst incorrect those gst figures are no longer relevant to the rampers cause, but again what a mess from the bod just over daily volumes on gs20.

No wonder semnet and GST is such a pigs ear when they can’t even publish truthful realistic figures on their own exchange and were happy for months for that to be misleading, always in their favour of course.

If anyone, including the OP can give me clarity on such disparity with these figures, or what GST was trying to achieve by publishing incorrect figures, I’d appreciate it.

And is it fair to say that GST mislead the market with those figures for gs20 that were allowed to go on for months?

No one can ever understand the struggle someone endures every minute of every hour of every day of every week of every year to make their dream a reality except the person who put the work in.

I went through every fooking VASP in LT deep, and I 100% came to the right decision, funny that ! X;)

And this is how deluded you are.

December was the worst month for longs and you carry on like that.

Youre a dangerous lunatic thats trapped lots of normal investors here with your nonsense, you don't own anything near 94 million or whatever number you come up with next. I just hope you get the help you need x;) but I do have sympathy for the fools that followed your words.

Oh dear, that's a no then lol.

Go on Billy you know you want too!!!!

You can do it x;)

Get rid of Chaebol ! do it !

Lol look at the pair of you. How cute.....

How many times do you need to know billy ive said it. afew times now......... very interesting you didnt want to do the deal of me posting my Decembers and you posting your hodl proof and then Id never post here again.

Offer stands billy boy

Yeh closed..... but what a last year eh ! and as this goes lower'it vindicates my strategy here' and its closer to potential buys.

EMI failure and MiCA takes this lower and its clear imo that this will be another dog fight year.

Money Printer here goes brrrrrrrrrrr......

Serious wins from smart predictions. Blessed if it hits 0.2p now, shoo in imo

What did i say 2.5 mill off MCAP for this Semnet debacle

Market Cap: £9.88m

Lol

So are you telling me that Semnet is a successful purchase, are you going that deranged?

Bejesus the semnet purchase is a failed deal.

Whatever way you want to cook that. Nightmare is a kind word.

Like to talk about his HODL does billy but never proved it.

I said if he posted proved his HODL i would never post here again, then he moved on to the next subject......lol

Spoke volumes when he wouldnt spend 15 quid on semnet accounts. If you had 94 million shares at the time you'd be keen to look at that !

Tbut they didnt sign it and were they ever going to sign it? expectation and hope are easily intermixed.

They lied constantly throughout Dec to try and raise that sentiment. Merv and Choo may never have had any intention of signing we only know limited info from GST bod and theyre not reliable at all for the 'truth'

Exactly Kat,

Merv and Choo think they can win and legal advisor have obviously given an opinion in how to.

Now its down to the legal beaks. Who knows if GST were even correct with semnet update inDecember and was more of a hope than expectation.

Either option was terrible Billy, this was an insiders buy that descends further into farce.

Everyone making out they win easy at the higher amount but the other side must be confident as well.

In a court it doesnt need to.

Big shiny company was going on the nasdaq and heres paperwork confirming 54 million value.

Who valued it and when. Merv and Choo are no fools. And they clearly have some form of rabbit in a hat....Singaporeans are not risk takers but these 2 dont give a fook. They must have something decent to be fighting this.

Either way its going to take ages.....

In its most recently published unaudited accounts, to 30 September 2022, Semnet had a turnover of US$4.22 million and reported profit before tax [figure not fully quoted in sources, but turnover is explicit]."