Member Info for Jarv55

With the GS20 Exchange we have a regulated, operational, trading platform offering spot trading and overthe-counter trading desk services for popular cryptoassets, although it is much more than a pure

cryptocurrency exchange, providing the clearing and settlement needs of both retail and institutional

customers with high compliance and security standards.

The addition of Semnet has provided vital cybersecurity skills to the Group and we are excited to be

progressing the plans for Semnet to list on NASDAQ in the US.

In the second half of the financial year we are looking to continue to grow revenues substantially from all the

Group’s businesses and to explore further value enhancing acquisition opportunities that can assist with

accelerating the development of the Group.

On 9 July 2024 the Company entered into a conditional agreement to acquire the entire issued share capital

of Bonfirepay SL ("Bonfirepay"), a company incorporated and operating under the laws of Spain. As stated

at the time of entering into the conditional agreement, completion of the acquisition is conditional on the

finalisation of Bonfirepay's registration as a Small Payment Institution (SPI) with the central bank of Spain,

which has not yet occurred. Additionally, we continue to conduct due diligence on Bonfirepay. Whilst we

believe the acquisition of Bonfirepay would be a good addition to the Group, it is not an immediate strategic

priority and a decision will be taken in Q1 2025 whether to continue with this proposed acquisition.

On 29 November 2023, the Company entered into an option to purchase agreement to acquire 60% of the

share capital of EasySend Ltd ("EasySend"), a Northern Ireland incorporated company operating a crossborder payments business. EasySend is a an FCA approved API, conducting cross-border payment services.

Completion of the acquisition of EasySend is conditional, inter alia, on final due diligence, the entering into

of definitive sale and purchase documentation and also on GST obtaining approval from the FCA for the

change of control of EasySend, a regulated entity. Whilst the formally agreed period for entering into a

definitive sale and purchase agreement ended on 30 November 2024, the parties continue to work towards

the completion of the acquisition. In particular, EasySend, in consultation with GST, has been working on

completing its development activities in Poland. Both parties wish to see this work completed before

completion of the acquisition. The Group’s acquisition of EasySend is therefore currently expected to

complete in Q1 2025.

- The parties agree that the proposed valuation

ascribed to 100% of Semnet for the Potential

Listing will be US$54 million, of which GST's 67%

ownership of Semnet is agreed to be valued at

US$36 million subject to the Potential Listing

being successfully completed.

- TGC will be responsible for, and will provide,

necessary transaction expenses of both parties,

which are expected to be approximately US$2

million. GST will commit an advance of 20% for

the payment of the listing expenses and upon a

successful IPO this amount will be reimbursed to

GST

Semnet

Prior to the start of the Period, on 6 December 2023 we announced that the Company had entered into an

agreement to acquire 66.67% of the issued share capital of Semnet Pte Ltd ("Semnet"), a cybersecurity

company based in Singapore, for a total consideration of US$1.8 million, payable through US$0.8 million in

cash and US$1.0 million in new shares in the Company. The acquisition completed prior to the start of the

Period on 29 February 2024 and Semnet is therefore consolidated in the Group results for the whole of H1 25.

The share consideration was satisfied on the nine-month anniversary of completion, as anticipated and

announced on 2 December 2024, through the provision of 58,844,713 ordinary shares in the Company to the

vendors, allocated from the 60,000,000 ordinary shares held by the Company in treasury. This ensured that

the acquisition of Semnet did not increase the issued share capital of the Company.

During the Period, Semnet has been focused on its core operations in cybersecurity and hardware across

the ASEAN region, together with providing support to the Group's other businesses. Since the completion of

the acquisition, Semnet has performed ahead of the Board’s expectations and given the wider opportunities

that Semnet is seeing, GST, in conjunction with Semnet's minority shareholders, explored options for the future

of the business.

We were therefore delighted to announce, post Period end, on 15 October 2024, the signing of a non-binding

Memorandum of Understanding ("MOU") with Trident Global Capital Pte Ltd ("TGC"), led by its director, Soon

Huat Lim, who also serves as the CEO of Nasdaq-listed Trident Digital Tech Holdings Ltd (NASDAQ:TDTH). The

MOU outlined TGC's proposed role in guiding and assisting Semnet through strategic preparations for a

potential listing on NASDAQ in the US (the "Potential Listing"). This was followed on 18 November 2024 by GST

and TGC signing a legally binding Heads of Terms ("HoT") covering in more detail the assistance to be

provided by TGC to the Company with regard to the Potential Listing.

GS20 Exchange

The Group’s GS Fintech UAB business is a holder of a Crypto Currency Exchange Licence, registered in

Lithuania, and launched the Company's GS20 cryptoasset exchange in November 2022. The GS20 Exchange

is offering spot trading and over-the-counter trading desk services for popular cryptoassets, although it is

not a pure cryptocurrency exchange.

The GS20 Exchange continues to attract increasing interest from high-net-worth individuals and corporate

clients, leading to a steady rise in account openings and transaction volumes. The positive growth trend is

in line with the Board's expectations for the exchange within the crypto asset market. Operationally, the GS20

Exchange has been focused on ensuring its technology is robust and appropriately enabled for future

growth. The GS20 Exchange has made a number of improvements during the Period and it is expected that

2025 will be a pivotal year for the sector. The GS20 Exchange is well-positioned to benefit substantially from

this favourable market outlook.

As part of the GS20 Exchange’s growth plans, Noewe UAB, a Lithuania-based professional services firm, was

recently engaged. This partnership aims to align GS Fintech UAB's financial year-end reporting with the

Group's 31 March year-end. Additionally, Noewe UAB is providing guidance on regulatory compliance

expectations through 2025, which will be invaluable in ensuring regulatory adherence is maintained and

supporting GS Fintech UAB's ongoing growth.

Angra Global

Angra Global operates under the AngraFX and Angra Global brand names and is an FCA approved

Authorised Payment Institution ("API"), as well as holding a Canadian Money Services Business ("MSB")

licence.

Angra Global provides a multi-currency e-wallet service, currently covering Sterling, Euro, US Dollar,

Canadian Dollar, Chinese Yuan Renminbi and US Dollar Tether Token transactions. This service enables

Angra customers to securely store their funds within Angra Global business accounts and facilitate seamless

foreign exchange conversions and fund transfers through Angra's established and reliable banking

partnerships, akin to a conventional business bank account, utilising technology developed by the Group's

subsidiary in Singapore, GS Fintech Pte Ltd. Additionally, the MSB licence enables Angra to issue Sterling local

accounts and Euro SEPA IBAN accounts to its clients, thereby providing a comprehensive one-stop business

banking solution.

Angra has experienced substantial revenue growth during H1 25, which has continued post Period end. This

growth has been closely linked to a significant rise in client volumes as the business continues to gain

traction and market share following the establishment of Angra Global in H1 23. The Group's focus has been

on expanding Angra’s operations and sales teams as part of the Group's strategic intention for Angra Global

to be a B2B-focused Neobank. By increasing headcount in these critical areas, Angra has effectively

bolstered its service delivery capabilities, allowing the company to meet heightened demand while

maintaining high service standards.

In addition to operational improvements, Angra is actively targeting over 2,000 UK-based Small Payment

Institutions ("SPIs") as part of its growth strategy. This targeted approach aims to build a larger UK-focused

client base for the company. Through these efforts, Angra is seeking to enhance its footprint, particularly in

the UK market, capitalizing on rising demand for reliable and efficient foreign exchange services among SPIs.

NuckyT suggest you have a read https://59e1deb2-bcb3-4e34-be88-828ae6c9148d.usrfiles.com/ugd/59e1de_736d9385b7c04f80b45665b0f15671d1.pdf

JB how much cash do qbt have?

Its the brokers that say the price they are willing to pay understand how placings work. Its not a bad price considering the last one.

Https://x.com/RealAlexJones/status/1881118329852846186

Was reading the other day how AI can cut down the time it takes to make a a prospectus substantially, in the future the time to list on Nasdaq could be cut considerably.

Good to see an oversubcribed placing shows the demand for shares. Wonder if we will hear this week what they are looking at next. The bod really should seize the moment with Trump being pro-Crypto to do an interview with Stock box or proactive get the story out there.

The Company is therefore pleased to announce the signing of a non-binding Memorandum of Understanding ("MOU") with Trident Global Capital Pte Ltd ("TGC"), led by its director, Soon Huat Lim, who also serves as the CEO of Nasdaq-listed Trident Digital Tech Holdings Ltd (NASDAQ:TDTH). The MOU outlines TGC's proposed role in guiding and assisting Semnet through strategic preparations for a potential listing on NASDAQ in the US. This includes TGC establishing a Cayman Islands-based holding company to manage Semnet's potential combination with other businesses, potential listing on NASDAQ and IPO-related expenses. Through this vehicle, TGC intends to raise up to US$15 million to facilitate a potential listing, in addition to any equity consideration for Semnet. Over the next three months, GST and TGC will work toward finalising a formal agreement, underscoring the importance of this partnership for both entities. Further updates will be announced as appropriate. I wonder what other businesses they will be working with.

At least our raise is out of the way, expect Qbt to do theirs next.

When people take the placing they can often buy on a T20 they can forward sell in some cases to the mms when the price hits the high, the mms then use their stock to short the price down. The placees have made a good profit which in turn pays for some of their placing shares. It really should be banned and we should have the Aussie system where they suspend before they place.

Its ok understood what you meant.

Check out who they are working with thanks to Gav in telegram https://www.linkedin.com/posts/semnet-pte-ltd_at-semnet-we-strive-to-show-customers-the-activity-7285141033930182657-cVyy/?utm_source=share&utm_medium=member_ios

Https://x.com/DayakDaily/status/1879433725525758352