Member Info for Enki

FO numbnuts. Not got the idea?

Lloyd. They all , including Tim, seems to be in purdah. WTF is going on?

Billy the shares in issue have been the same, on the copy and paste from wayback of 16th July 2025 and today , identical;

2,326,265,508 ordinary shares of no par value.

There are 1,155,287 ordinary shares held in treasury.

Position prior to today;

Hargreaves Lansdown (Nominees) Limited

514,242,165

22.12%

Interactive Investor Services Nominees Limited

235,428,722

10.13%

AND NOW TODAY;

Hargreaves Lansdown (Nominees) Limited

525,661,072

22.61%

Interactive Investor Services Nominees Limited

341,063,694

14.67%

Securities Services Nominees Limited

245,260,678

10.55%

Is there some jiggery pokery going on?

This has just appeared on the major shareholders section on the website;

Securities Services Nominees Limited

245,260,678

10.55%

I don't recollect seeing them last week.

It's a pity the Chaebol bet has cost the charity £500. He must still be up in his balloon blowing hot air.

The way gst moves on the up, it could happen on a single day.

Billy ,Newuncles semen't impregnated the sp.

I think the poster is letting petty rivalries cloud his judgement from correctly interpreting the Annual Report.

Value Investors will know the score, for example all the Bake costs written in and only partial revenue etc etc.

I am hoping that the BOD do one of their legendary updates asap. It's been a while since we had one.

What's going on? 14 algo trades on the trot. Highest I've seen .

Billy, welcome back. You haven't missed much other than a few backward stnuc infesting the BB.

On the AGM, shouldn't we have held it by tomorrow?:

A public limited company (PLC) is required by the Companies Act 2006 to hold an Annual General Meeting (AGM) within six months of its financial year-end. This requirement ensures that the company's directors have a timely opportunity to be held accountable by the shareholders and to discuss important matters like the annual accounts and reports.

GSFintech UAB

Register of Legal Entities , Registered 23/09/25

Lithuania Based Director Appointed, 5/09/25.

Audited Accounts Filed , 16/09/25.

5p here we come.

HH , unfortunately they won't stay off. They want to exercise the right to have threads removed with useful information for investors.

Best filtered, makes for better reading and a happier outlook to life.

I have found a Director based in Lithuania when I searched Lithuanie and GSFintech Uab;

Agnė Penikienė - CEO of GS Fintech UAB

Duties

Direktorė

Appointed

2025-09-05

Looks like we are in MiCA business coming soon....

We still don't have a Lithuania based "senior" as stipulated for MiCA. I know there was a job advert many months back, let's see when they list someone there as a clue.

Lloyd , nice find. Gives us something to pass the time till the MiCA big bang.

HH frustratingly the report does not give a breakdown of the profit contributions by Angra, GSFintech and SemNet. The report is completely silent on the individual net profit or loss of each subsidiary. This is because:

Consolidated Reporting: As a group, GST presents its results on a consolidated basis. All intercompany transactions are eliminated, and the final figure is the aggregated profit or loss.

Segment Reporting Exemption (Note 12): The company explicitly states that it operates as a single reportable segment. It argues that the Executive Chairman (the "Chief Operating Decision Maker") reviews the financial information on a consolidated basis only and does not assess performance or allocate resources based on discrete business units.

This is a common practice for smaller companies or those that are highly integrated, as it reduces the reporting burden. However, it limits transparency.

While we lack the numbers, we can make educated guesses based on the report's details:

GS Fintech UAB (Bake/GS20): This is almost certainly the largest contributor to the increased net loss ($2.29m vs $1.22m). The reasons are clear from the report:

It incurred "significant MICA compliance costs, including legal fees, consultancy fees, and recruitment costs."

It absorbed the costs of integrating the Bake platform.

The acquisition happened on January 1, 2025, so it contributed only 3 months of revenue but a full quarter of its expenses.

Angra Global: This is likely the most stable, if not yet highly profitable, operation. It has steady growth and operates under existing licenses. Its costs are likely more predictable.

Semnet: The impairment suggests it is underperforming original expectations. While it may be generating revenue, its profitability is likely low or negative, prompting the strategic review and potential NASDAQ listing plan (now paused).

..and earlier;

"The notice of arbitration has been sent in accordance with the provisions of

the SPA and sets out that the Company considers that the Sellers have acted in breach of their non-compete

undertakings owed to the Company, and also acted in breach of their express obligations owned to Semnet

as employees, which if the arbitration is resolved in the Company's favour, is expected to result in a recovery

of profits for Semnet.

The Company intends to follow the arbitration process and cannot comment any further on these issues".....

HH further into the report;

"On 18 July 2025, the Group initiated arbitration proceedings against the former sellers of Semnet Pte

Ltd for alleged breaches of non-compete and employment obligations. If resolved in the Group’s

favour, this may result in recovery of profits. As the matter arose after year-end and remains

uncertain, it is classified as a non-adjusting event, and no asset has been recognised in accordance

with IAS 37."

So yes, not as much profit as expected...