Member Info for Enki

Q Chaebol selling his 800k in a desperate attempt to win a bet. The charity wins. LOL

Chaebol, the smart punters derisked at 3p+ DEC/JAN. Those days are coming again, don't choke on your kebaps now.

Chaebol is giving it all for a buy in. Come in lad, you don't fool anybody on these low volume periods about to visit us.

Chaebol. You know the lead up to the interims is going to be bountiful. Nothing wrong with 5p, the business case is in the Annual Report of March 2025, FYI. No delusions about the potential indicated now the costs are out of the way.

5p by Xmas.

What I have found is that often the increase in knocking posts is directly proportional to the increase in SP incoming over the next few months.

All looking for that low buy in. That time is now.

Https://adamsmith.lt/en/lithuania-has-extended-the-transitional-period-for-casp-vasp-adaptation-to-mica-requirements-until-january-1-2026/

From; https://www.registrucentras.lt/jar/p_en/dok.php?kod=305964190&dti=70&p=1

Legal entity: GS Fintech UAB, code 305964190

Document / description Date of document Received Registered

Application for registration in the Register of Legal Entities JAR-1-E 2025-09-04 2025-09-04 2025-09-05

Still in business and necessary for MiCA ....

Lloyd. I wouldn't put it past the Kat posse. A fish supper a day ....

Part 2;

5. Regulatory Progress and Compliance Investment

EMI Licence Application: Angra Limited's application for a UK Electronic Money Institution licence is a potential game-changer. Once granted, it will allow the company to issue e-money, digital wallets, and prepaid cards, vastly expanding its service offerings and revenue potential.

Proactive MiCA Compliance: GS Fintech UAB is actively aligning with the EU's Markets in Crypto-Assets (MiCA) regulations. While costly in the short term, this pre-emptive action positions them as a compliant, trustworthy player ahead of competitors, potentially allowing them to capture market share as regulations tighten.

6. The Semnet Arbitration as a Potential Upside

While the impairment is a negative, the arbitration is a potential positive catalyst. If resolved in GST's favour, it could result in a significant cash recovery for Semnet without needing to reverse the accounting impairment. It shows the board is actively defending the company's assets and value.

A lot to look forward to this quarter and beyond. From the Report;

1. Explosive Revenue Growth and Scaling Operations

91% Revenue Increase: Revenue grew from $1.55m to $2.96m year-on-year. This is a very strong growth rate, indicating that the core services (AngraFX remittance, GS20/Bake exchange) are gaining real commercial traction and market acceptance.

Huge Increase in User Scale: The acquisition of Bake brought in approximately 700,000 registered users and 100,000 funded users. This provides a massive, ready-made customer base to cross-sell new services (like GS Money neobanking products) to, significantly reducing future customer acquisition costs.

2. Successful Fundraising and a Strong Balance Sheet

Strong Cash Position: The company successfully raised significant capital (£3.75m during the year + £1.925m post-period), leaving it with a robust cash balance of $4.21 million (up from $2.61m). This provides a substantial runway to execute its strategy without immediate need for further funding.

Significantly Increased Net Assets: Net assets grew from $5.34m to $8.44m, strengthening the company's financial foundation and ability to absorb short-term losses for long-term growth.

3. Strategic Acquisitions and Successful Integration

Transformative Bake Acquisition: The acquisition of the Bake platform is repeatedly highlighted as a "transformational step." It wasn't just a purchase of users; it brought:

Advanced Technology: Enhanced the tech stack for seamless crypto/fiat settlement.

New Revenue Streams: Added crypto investment products like staking and swaps.

Key Personnel: Integrated a talented team in Singapore across tech, finance, and compliance.

European Expansion via Metapay: The agreement to acquire MetaPay in Poland (an SPI licence holder) is a low-risk, strategic move to gain a direct foothold in the EU payments market. This is a clever way to expand geographically using a "lite" regulatory licence that is easier to obtain and integrate than a full EMI licence.

4. Clear and Bold Strategic Vision (GS Money)

Bitcoin Treasury Policy: This is a bold and confident move that aligns the company's corporate strategy with its product offering. It demonstrates conviction in the asset class it serves and has the potential to significantly enhance shareholder value if Bitcoin appreciates. It also differentiates GST from traditional fintech companies.

Focused Vertical Integration: The report clearly outlines a strategy to build a "borderless Neobanking platform" combining:

Angra Global: FCA-regulated fiat payments and multi-currency accounts.

GS Fintech UAB (Bake/GS20): Crypto-asset exchange and investment.

Semnet: Critical cybersecurity infrastructure and expertise.

This creates a cohesive ecosystem rather than a random collection of businesses.

Good morning all. I see a green box start, bore of BB perhaps?

Chaebol , you might find this of interest;

"Entities like GS Fintech UAB that held valid VASP licenses in the EU before December 30, 2024, are granted a transition period to continue operations while they apply for a new CASP license under MiCA. Lithuania has adopted a relatively short transition period, lasting only five months."

If obviously we are in the "short transition" period, Bake would not be allowed to operate and would be operating illegally after 31st December 2025 if it tried to continue in it's business. My logic circuits tell me we have applied for MiCA.

I believe we applied before the elapse of 5 months as noted above and in light of the corporate update of 27th March 2025.

Chaebol, is that musing addressed to anybody like Tim, Shayne and Tone by email? If it is then good for you to try and obtain clarification on the question you pose.

Have you actually sent this to anybody other than the BB?

David always a pleasure to read your posts together with Lloyd and Leew's. Very reasonable and well thought out at all times.

Have a good weekend all and here is to a blue week next week.

Chaebol by your given time line of 3 to 6 months leads us nicely to the second half of 2025 . ESMA MiCA next week so ffs buy in you know you want to otherwise why are you here?

Chaebol, give up the deramps you know you are talking word salads "yersel" . From the very same Report;

Bake App -The Bake App is a platform for

crypto trading, swaps, and staking. To operate in

the EU, the company needs a MiCA licence. The

application is still in progress..... and from the corporate update of 27th March;

The Company has also appointed Response Legal to assist in securing a Markets in Crypto-Assets (MiCA) licence. The Company is confident in achieving a positive result, expected in the second half of 2025, further strengthening its position in the European digital asset market.

What dont you understand about H2 2025?

Chaebol. Does for example the FCA acknowledge applications for digital sandbox? So why should esms?

Zag, keep up with the voyeurism then. Peep through the bedroom keyhole where some are getting it.

Zag take a dose of your own . Time and soon will show the true worth here. LTH here.

Splat was right you need a head transplant. You fall into the sore loser category for good measure.

Twiggy , MiCA next week and this will go next week. 5p minimum.