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This BOD have the experience and knowledge to make the right calls.
Personally I don't think they would have considered this acquisition, had they thought they might not get FCA approval.
Relax, and enjoy the ride.....off to work ta ta..
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Ti's is the email I received today.
Kong, I think the progress we have witnessed over these last 2 years, would make it extremely improbable that GST will go "tits up" ( technical term).
Our BOD are very clever and astute in the way they have carefully, built the company to the position we find ourselves in now.
We already have at least two avenues of revenue being made, with plans and expansion for 2024 no doubt already in focus. GLA
Personally, I think the next 3 weeks could be pivotal for what GST plan for next year.
It wouldn't surprise me if at least 1 rns, regarding an acquisition drops.
Also think interim results will be made available, with an outline for growth in 2024.
Just my thoughts....gla
Rabbithole, this makes sense to me.
I can see us, as the next step of progression, being one of the first company's admitted to the Digital Securities Sandbox program.
It may well take us another 6 months to actually gain FCA approval. But, this would only, and could only be taken as absolutely a positive for such a relatively, fledgling company regarding fintech, and where they intend to end up.
Notwithstanding, Angra and GST Exchange, can and will make lots of money......the opportunities are endless here......
Just my thoughts AHS.
But, FTX were based in the Bahamas but that didn't stop the American authorities prosecuting SBF, and, as likely sending him to gaol.
Seems to me that just because you may be based in one country, doesn't mean that you don't have to comply in another country if you wish to do business there....
What is strange is the GST Exchange hasn't budged at all regarding Coal even though other exchanges show a healthy rise.
My guess is that this is part of the FCA testing period for Coalculus.
Nothing to go on, but it makes sense that the coal working idea, has to be proved to the FCA.....
As my dear old mum use to say.
The bigger you are, the harder you fall.
Binance, are non regulated in most major countries including the USA and the UK.
The demise of FTX, and their corrupt CO, means that every exchange that wishes to run its business in, for example,
the UK. Will have to have an FCA regulated license.
In my opinion, having a regulated bodies license in one major financial institution, will make it easier to obtain a licence in another....watch this space.
Way I see it, December is going to be the month that people really start to take note.
Interims due, FCA decision probability, and with just these two events if positive could take this to 5p.
Don't forget it got to 4p plus just on fresh air and sentiment before....