Member Info for comek2

Sorry should “NOT invested in”

ScarletVixen, why are you posting on a share you’re invested in? Is that because none of your stocks are doing well? BTC recent rise isn’t real too according to you? Trump isn’t going to support crypto & blockchain again according to your ‘wisdom’?

I believe of the factors are ligned up fo this to be the start of the rerate I mentioned previously: interims next week/10 days. Then the expect news easysend, SSB etc. Then New Year always start with a positive market as usual. But more importantly Trump inauguration in less than 3 weeks with endorsements of crypto/blockchain. This alone with this revolutionary sector on fire the like of which will thwart previous ones eg internet and covid stocks. As this is a financial sector spanning the globe and all the goods ones pay for you can imagine. The head of the SEC Mr Ginsler is on record as saying this sector is worth $350 TRILLIONS.

GS Fintech UAB has paid a non-refundable deposit as part of the Agreement, with the Completion payment expected to be fully settled in cash, funded entirely from the Company's own funds. The Acquisition is anticipated to complete on 2 January 2025 ("Completion"). Under the Agreement the vendors will use reasonable commercial efforts during the three months following Completion to assist the Company in the continued operation, transition, and integration of the Acquisition.

Further information on Bake can be found at: https://bake.io

Tone Goh, Chairman of GST, commented: "The Acquisition represents a transformative opportunity for the GS20 Exchange and GST as a whole. By integrating CAKE's business, we aim to deliver a more comprehensive and robust suite of services to a growing user base, particularly in Europe. The combined capabilities of the GS20 Exchange and the acquired Bake platform will not only enhance customer experience, but also create long-term value for our shareholders.

"We expect 2025 will be a pivotal year for the cryptocurrency sector and we believe GST is extremely well positioned to take advantage of these market dynamics. I look forward to providing further updates in due course as we continue on our mission to deliver innovation and efficiency in the global fintech and cryptoasset sectors."

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

11 December 2024

GSTechnologies Limited

("GST" or the "Company" or the "Group")

Acquisition of the Business of CAKE and the Bake Cryptocurrency Platform

GSTechnologies Limited (LSE: GST), the fintech focused company, is pleased to announce that the Company's wholly owned subsidiary GS Fintech UAB, which operates the Company's GS20 Exchange, has entered into a legally binding Business Purchase Agreement (the "Agreement") to acquire the business and assets of Cake Pte Ltd and Cake DeFi UAB (together "CAKE") (the "Acquisition") for an undisclosed cash consideration.

The Acquisition comprises a leading cryptocurrency investment platform ("Bake"), with a particularly strong presence in the DACH region (Germany, Austria, and Switzerland), and is in line with the Company's strategy to expand and enhance the international presence and capabilities of its GS20 Exchange platform, providing greater value to both retail and institutional customers. The GST directors believe the Acquisition marks a significant step for GST in strengthening the offering and scalability of its GS20 Exchange platform, which is central to the Company's GS Money initiative. In particular, the Acquisition will:

● significantly expand GS20 Exchange's user base, adding approximately 50,000 active crypto users;

● enhance the GS20 Exchange's technology stack, providing seamless clearing and settlement of cross-border cryptoasset trades and related fiat currency payments; and

● create opportunities for substantial revenue growth, leveraging the Acquisition's strong historic financial performance and established market presence.

Further information on CAKE and the Acquisition

Founded in 2019, CAKE currently has approximately 700,000 registered users, 100,000 funded users and 50,000 users holding approximately US$80 million of digital assets on the Bake platform as at 30 November 2024. It operates the bake.io website and related iOS and Android mobile applications which allow users to invest in a variety of digital and cryptocurrency assets using innovative investment strategies.

The Acquisition will include the relevant source code and IT infrastructure required to operate Bake, including the bake.io domain name and related services, intellectual property rights, including trademarks and trade names 'Cake DeFi' and 'Bake', together with customer lists and assets. GST plans to integrate key personnel from CAKE into its digital assets' operations prior to Completion, ensuring seamless continuity in areas such as finance and treasury, software and engineering, and legal and compliance. The majority of the CAKE employees are based in Singapore.

GS Fintech UAB has paid a non-refundable deposit as part of the Agreement, with the Completion

Simon, company aren’t obliged to report unless they have something material to do so. So stop lying. If a deal is in progress as is the case with easysend then until it’s concluded or falls through, the company isn’t obliged to report; report what….”still in progress”? Either you’re stupid or are lying. However, they will mention it in the results in the next 2 weeks; so not too long to wait.

BrewHaHa“It is a positive for sure, but mentioning Veeam's market cap as somehow being relevant, or a reflection of Semnets, is reaching a bit.”

Of course mcap is relevant to mention. Mcap reflect the business revenues/profit/potential of the company. The bigger these the bigger revenues for a small company that trades with a such company. I’m amazed this has to be explained to a shareholder. whats happened to dyor lol

Sorry that was addressed to fishy fish4chips lol

Why take the daily figure of £88k but not the yearly one of £32.3m, which is how company account for revenues? Are you pretending to be stupid or do think others are stupid lol? How does your daily take home compares with your yearly salary lol?

Excellent news

Iangibbins67gmai, the Chairman is on record saying the likes of GST in the crypto/blockchain sector are worth a $billion plus. And the evidence of the mcap of many such companies bears this out. 10p would be just under £200m for GST. I believe this will be achieved on just the rerating of the sector starting In 2025 due to Trump enacting his executive order making crypto another form of the dollar to cite him. Hence the U.K. jumping on the sector train too, the EU and Asia also. Therefore the chairman would want to see a great chunk of the mcap value of what he thinks it should be realised before he’d agree to a takeover. I’d say north of 50p. Semnet alone might reach this value giving security in the crypto/blockchain is the holy grail according to the experts.

They keep dropping the sp only to bring it back up at close….just in case an RNS is issued the next day lol.

My posted responding to Kat’s was deleted. It didn’t break any rules unless the word “mugger”. But if one post to influence weak investors to trade in their back, isn’t that similar to mugging? Come on LSE, are you protecting those who cheat instead of their victims?

James1989, you seem to be on questioning positive posts and siding with derampers’ ones lol. Kat’s post is nothing about a waffle of her opinions she displays as facts cause maybe she’s a tarot reader old lady or a Quantum computer in a human form lol. There is no substance in what she says even if we allow it for opinions.

James1989, cause crypto and blockchain are the new revolutionary investment sector and with endorsement from the next US president. Like any revolutionary sector stocks valuations go crazy, eg Covid and the Dotcom stocks. Irrespective of other business segments of GST, the crypto’s alone will multiply its mcap by 5-10x in a very short space of time as per the above comparaisons. Smart investment is seeing this potential before the crowd eg NCYT 6p to £11.80 within 9 months.

The political instability I referred to in my post below is the U.K.’s under the tories (no political judgment but purely investment wise on my part). Yes the whole world is a little unstable but we got the worse, hence the worst economy in the G20 and even Kazakhstan stock market faring better than the U.K.’s, once the best in the world. But with a new government stability has returned for IIs investors and meetings by the new government were held with the U.K. pensions fund to invest more which until now has invested only 4% in the U.K. stock market. So things can only get better, and foreign investors and analysts now regard the U.K. as the best market in the world considering the low valuation of many of its constituent companies among whom I’d say GST, for our purpose. So it’s good time to get in/accumulate (I’ve been doing so quietly) before the crowd and certainly before Semnet IPO and the other news we are due very soon starting this week hopefully.

By continuously moaning about MMs and seller you are frightening potential buyers. The MMs won’t change their conduct, it’s always been like that. And the seller suspected Garrie hasn’t had much effect as the sp is still up despite his relentless selling millions shares worth over £30k most times. This is a good sign and there is only so much he can sell. I’d accumulate before he stops when then the sp won’t at this price. So please stop shooting your self in the foot lol.

Audavid1, it’s not only GST that’s undervalued but the whole small caps due the political instability over the last few years, coming on top of covid and the Ukraine war in terms gaz price leading to high cost for business (and people). But now the political situation is a little stable, we will see the small cap gaining value particularly the likes of GST with Trump being keen on crypto. It’s a blessing in disguises: these negative factors have given shareholders huge discounts we would not have otherwise. With Semnet ipo soon and in the US, shareholders will do very well indeed.

Simon only last week you were saying the sp should be 0.04p, so .097 is double that. Are you admitting you were wrong before lol?

4unme, dummy selling cost me £400k in NCYT in less than 6 months, April £1.5ish to October £11.80ish. I hated myself for months & months lol. Yet in April I posted predicting price at £10 by end of year. Investing in stocks involve a lot if psychological factors eg fear/greed, fomo, beating the price or MMs etc… that we just can’t control yet we are driven by these factors to think we can lol. To top it up though we are aware of these, we just can’t help it….weird lol