Member Info for JiffyBag

It was not about providing an explanation on the mechanics of shorting, most investors I would guess already understand the concept.

I think JD has totally lost the plot myself on what the context of this thread was truly all about IMHO.

It was not about providing an explanation on the mechanics of shorting, most investors I would guess already understand sufficiently understand the concept.

As far as the usual retort of it provides liquidity etc ,

As Malcolm Joel commented ........ 'The liquidity argument is nonsense – we don’t need to be drowned in “liquidity”. Yet the self interest of those running the markets ensures a complete lack of interest in the consequences of this damaging behaviour. Who cares if honest investors are screwed?'

https://www.sharesoc.org/blog/regulations-and-law/slave-to-the-algorithm-burford-and-the-importance-of-maintaining-confidence-in-a-broken-system/

Further, and more importantly this has been going on now for what is it 2-3 years?

Have you noticed the SP has risen over the last week or so? why because the markets are by and large in holiday mode. Expect another smack down on Tuesday 02nd Jan.

GLA and let's pray 2024 is our year.

So, Your'e saying you were a Road Manager for let me guess 'The Stranglers' ?

Yeah sure you were, did you make the tea for the lads?

Big question for you Massive.

Who owns the most shares in GST, for now it is the directors and a few well heeled PI's.

By the time any such takeover comes into being ii's will have already taken a position, and for me I would IMHO expect any takeover SP to be much higher than 16p based upon anticipated revenues/profit.

Longbottom,

Agree with your sentiments on the whole business of shorting, most particularly when it is targetted for reasons other than a quick profit, by that I mean where a potential suitor who is out to make a low ball offer for a company will engineer a long term suppression of the share price.(Not that we PI's would accept such a low ball offer, but you get the gist) that will theoretically be easily achievable on low trading volumes in between anticipated releases of news. A good example of this was recently posted by someone on this BB and for me it fits the GGP model perfectly.

Can beaten-up junior miners fight illegal short-selling?

https://www.mining.com/can-beaten-up-junior-miners-fight-illegal-short-selling/

I also read some where that the FCA in their corrupt reasoning were planning to abolish reporting of such shorting thresholds, that in itself is a very very suspect in my book.

The sad fact is that overtime hedge funds and banks /shorters can actually destroy a company, not saying that this will be the case here, but the whole process needs to be better regulated etc.

Why for example is their no official UK reporting of the shares on loan and short interest in GGP other than what we obtain via third party links?

The real bottom line issue is that it is not just the corrupt AIM market ( And that is now destined for the scrap heap, as more and more companies choose to list in the USA) its also in the 'City of London' itself!!

Bit of a Spiders Web run by Elites for Elites,LOL! (Tax dodging Barstewards)

The Spider's Web: Britain's Second Empire | Finance Documentary | History

https://www.youtube.com/watch?v=OYfnkLurLA8

The only person capable of making the shorters run for cover over time is SD.

I think we are getting there albeit very slowly but it is and will be a very long and tortuous journey.

My simple analysis;

1. Company admitted to the UK Financial Conduct Authority ("FCA") Innovation Pathway Programme to assist the progression of its GS Money Stablecoin plans.(No 1 Consideration right now to gain FCA approval of stablecoins and open the UK market)

2. On 29 November 2023, the Company entered into an option to purchase agreement to acquire 60% of the share capital of EasySend, an FCA approved Authorised Payment Institution conducting cross-border payment services.(This should improve GST's Revenue/Profits)

3.On 6 December 2023 the Company entered into an agreement to acquire 66.67% of the issued share capital of Semnet, a profitable 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. (This should in theory aid item 1 above)

4.The MSB licence held by PAYPT encompasses a range of financial activities, including: foreign exchange dealing; cryptoasset dealing; money transfer services; and authorisations for the issuance of debit cards and IBANs.(More Revenue/Profits)

Lot's going on folks, time to buy in is now IMHO ....but DYOR as they say!

Interesting / Educational

What a 5hithole first comes to mind.

https://www.youtube.com/watch?v=kW1nGHunAkc

Novice,

Another De-Ramping , Disingenuous post I see, why do it?

Have you ever considered looking at the 'Bigger PIcture' and the steps being undertaken by GST and the BOD's, I actually think it's all coming together very nicely.

Today's RNS was simply an Interim report of progress as up to the end of Sept 2023, a sample of progress highlights reported were:

1. As of 30 September 2023, the Company had US$2,198,000 in cash and cash equivalents (30 September 2022: US$3,334,000)

2. Completion of the acquisition of PAYPT, a Canadian company holding a Canadian Money Services Business licence, in August 2023.Further significant progress for the Group as it focused on developing a borderless neobanking platform. The soft launch of the Company's GS20 Exchange was successfully completed and a wider roll-out was commenced, (now earning revenue, no less).

3.On 29 November 2023, the Company entered into an option to purchase agreement to acquire 60% of the share capital of EasySend, an FCA approved Authorised Payment Institution conducting cross-border payment services. EasySend has a current estimated yearly transaction volume of approximately £120 million,

4.On 6 December 2023 the Company entered into an agreement to acquire 66.67% of the issued share capital of Semnet, a profitable cybersecurity company based in Singapore.

I could go On & On, (Just read the RNS).

Why is it you can't even see what fantastic progress has been made in the last 2 years, GST is now slowly building a lucrative and profitable business. Absolutely fantastic RNS in my book, you best read todays RNS over and over again . Today's price drop is obviously down to a large seller selling for reasons unkown who more than likely needs the cash now.

2024 should IMHO be a very good year for LTH's

Is being" is used to describe an action that started in the past and continues at present.

Great post encephalopathy, seems to me like a lot of folk on here have totally missed or misunderstood the importance of your post, thanks for your post.

Pressed return by mistake, I'll continue.

Exactly, re keeping up etc. Makes you wonder why that is? I think it is simply because the FCA are not up to speed yet, what with high staff turnover levels and the ability to embrace companies like GST?

So how do we counter this lag?

Well GST have and are clearly busy building their own financial/Fintech infrastrucuture right now and by all observations are not going to wait for the FCA to catch up with their well developed business model , ie Angra, GS20 Exchange etc.

Yes, FCA approval of the stablecoin payments model will be fantastic when approved etc, but in the meantime GST are powering ahead by using alternative avenues of meeting the same goal so very exciting indeed IMHO.

Rabbithole,

Exactly, re keeping up etc. Makes you wonder why that is? I ythink it is simply because the FCA is not up to speed yet what with high staff turnover levels and the ability to embrace companies like GST? So how do we counter this lag? W

Billy,

I don't really think you would be able to buy 10million shares in one hit nowadays , that would take several days in tranches of maybe half a million max now etc.

I sincerely believe that the free float now is somewhat smaller these days than the good old days of 0.30 of a penny/share.

Just to add, don't be Spooked by Kat's pointless/needless headed Threads, he's trying to 'Stir The Pot' once again. Keep an eye out for more pointless posts from him.

TEO CHIAH CHIU RAPHAEL

RNS , 05th October 2022

GSTechnologies Limited (LSE: GST), the fintech and information technology solutions company, is pleased to announce that further to the announcement on 18 July 2022, the Company has completed the disposal of its subsidiary, EMS Wiring Systems Pte. Ltd ("EMS"), to Teo Chiah Chiu Raphael ("Raphael Teo"), the Chairman of EMS (the "Disposal").

As previously announced, the consideration payable by Raphael Teo for the entire issued share capital of EMS was the transfer to the Company, by way of a share buyback, 60,000,000 ordinary shares of no par value in GST held by him (the "Consideration Shares").

(Those 60m shares are now held in GST's Treasury account to do what they wnt with or maybe cancel?.)

Today’s RNS 18/12/23

TEO CHIAH CHIU RAPHAEL has sold some 53.2M sharestime of course since July 22 ?, and is no longer a director of GST as owner of EMS. Teo still retains 4.90% of GST shares.

Today's RNS had to be issued because Teo used to own more than 5% of issued shares roughly 8.5% I think ,and now with only owning 4.90% he falls below the radar for reporting purposes.

That’s it folks TEO has moved on to pastures new! good luck to him, he may require the capital for EMS or whatever who knows? but at least he still retains a healthy interest in GST.

You ramping again Novice? bought in recenty? thought your timeline was 2-3 years?

Whatever happens I'm selling all when it reaches 50p, LOL!!

Zoros,

https://newsdirect.com/news/greatland-gold-announces-plans-to-de-risk-havieron-development-by-managing-water-extraction-131186464

Oct 24th, 2023

Greatland Gold managing director Shaun Day joined Proactive's Stephen Gunnion with details of a plan to de-risk the development of its Havieron gold-copper project located in Western Australia by temporarily pausing the project to manage the water extraction from an aquifer above the main orebody.

Day told Proactive the company has successfully navigated over two kilometres of decline, ramping towards the top of the ore body. This progress involved mining through three layers of aquifers, leading to the announcement about recalibrating the time required to water the lower contained aquifer.

The company intends to continue the decline route while focusing on ventilation development. This pivot prioritizes depressurization and dewatering of the lower contained aquifer to ensure safer mining conditions. Previously, the goal was to complete this phase and the feasibility study by June 2024. However, with the focus on risk management and safety, Day said the revised estimate is now the September quarter of 2024.

'This decision, endorsed by their joint venture partner Newcrest, is seen as a mere "speed bump" in the larger scheme. Day also announced the world's leading gold miner, Newmont, will soon join the joint venture, further amplifying the project's potential. The company also plans to update the JORC mineral resource by the end of this year, (2023?) followed by the completion of the ventilation system and feasibility study.'

All depends I would assume on progress of managing the the water extraction from an aquifer above the main orebody.

Let's hope so, ie 2024 not 2025 when we reach top of 'Ore Body' could be borderline, who knows????

Putin under pressure as 'special operations' threaten to 'hollow out' Russia's army | Philip Ingram

https://www.youtube.com/watch?v=fEj_oOgPFQ0

Another Brilliant analysis Toffers.

Freddie2 shoes,

It seems to me that you are only here to try and stir the pot!

Re your post @ 12:49: 'Check out hydrogens post on ggp chat just after bamps mentioned the shorters on here , funny that aint it'

Hydro was answering my question if you care to look at the thread, but no you knew that all along didn't you?

So why fabricate a link to Bamps?

Toffers,

https://www.youtube.com/watch?v=woqlN3fnjlE

Starts about 16minutes in, Lloyd Austin, Zelenesky, etc, worth a watch.

The USA will not abandon Ukraine IMHO, too much at stake for the USA and Europe in general.

I don't really care what some protaganists on here say, but IMHO Ukraine will not be sold down the river nor will Russia have the capability to win this war. Russia is let's face it is already experiencing manpower and logistic and funding and anti war demo's issues be they banned or otherwise.

I seem to recall that one of the main reasons Russia got out of Afgahnistan many years ago was because of a mass protest by Russian Mothers and wives, the same scenario is already starting in Russia right now, just before Putin's attempts for re-election.