Member Info for Enki

One way to find out would be for a small fee is to access Ypsilon accounts from ACRA. This will give further info on date of incorporation. The revenue from this $36M contract, will be recognized by Ypsilon over the period it receives the services from Semnet. It will not appear as a single $36 million expense in one year's accounts. It will be amortized over the life of the contract, making it difficult to spot as a single, specific item.

Even if the accounts were public, there is a timing issue.

Contract Date: The GSTechnologies announcement was made on April 22, 2024. The contract was likely signed very recently before that date.

Accounting Periods: Ypsilon's most recently filed financial statements would be for a previous accounting period (e.g., the financial year ending in 2023). A contract signed in Q2 2024 would not appear in any accounts filed before that date. So we would hope that they have F/E of July 2025 to glean anything useful, if at all.

I do not doubt the existence of the contract as our BOD are liable for the statements that they made regarding this. The announcement calls it a "revenue contract," which means the $36 million is the total value of the contract over its lifetime, not a one-time payment. The revenue will be recognized over the period the services are provided.

The information is presented by the company itself. Independent, third-party verification of the contract's specific terms and conditions between Semnet and Ypsilon is not typically public. We the investors rely on the due diligence and legal responsibility of the board in making such announcements.

There was a formal declaration to the market so it exists.

Parker (SOD) certainly has the time and motive. How many years has he been trying to get someone to stump up £1Billion, while his wallet gets fatter?

....sorry meant to say as well. I think SOD is Parker.

He's not in our heads he was suckering in lambs.

Thanks Chaebol.

Sparky, thanks.

Lloyd , we do need clarity on the Semnet Nasdaq listing also. If the Arbitration relates to delays here, which I hope not , is the listing still proceeding as the AR gives glowing reports about Semnet and its performance?

They seem to be giving Arbitration as a cover for not saying anything at all. Whilst we have not really had semnet priced in , our other activities should show promising figures for our pillars in the interims.

I might draft an email to Chris as chris has suggested in the next few days.

Lloyd, I think that was a kind of "yes, we have no bananas,,," kind of answer from sparky. Still got him pictured.

David, Bake.io was acquired by GSTechnologies Limited on January 2, 2025, and is now integrated into GST's digital asset subsidiary, GS Fintech UAB. The Annual Accounts for GSFintech show c$36M in digital assets of users.

Presumably, we would still have a sizeable registered customer base and users etc. As for actual performance we need to wait for an indication in a corporate update or actual figure in the interims in Dec.

This from the AR; "The acquisition has also added important additional capabilities and sources of revenue for the Group, which,

given the timing of the acquisition on 1 January 2025, are not fully reflected in the FY25 financial statements,

whilst most of the costs are.

I very much hope we get a corporate uodate giving us a clue before the agm notice, we may get announcements next week. I have a hunch they will be.

SOD probably sold out ...he knows more than anyone here combined being a tyke himself.

Could it prove beneficial to the sick shareholders? Go 1801/2/ 737 ready for take up. A few volunteers on the BB to do the necessary in the interests of the SP.

Billy that's what the knockers forget. We have Angra, Bake/gs20 and Semnet pulling in business as we speak.

:-)

Massive, " there are more questions than answers, pictures in my mind...…"

...sorry replied to wrong header;

John we are due a Corporate update, IMHO.

John we are due a Corporate update, in IMHO.

...are the lab failures going to give us money back? If as some claim it is a lab failures/issue .

...err reread this again combat:

The safety issues were encountered at a higher incidence in the control-group animals which were given an inactive dosing solution compared to those that were actually dosed with SDC-1801.

Come on BOD, first in class. Last in class to reach for the wallet.

No AGM this year then Parker. Lady Penelope is going to have to sell her pink roller.