The defendents don't need to counter claim. noone mentioning 2 April?10 Apr 2026 23:10
No rns so no obvious outcome... maybe someone should start looking at that CMC and what the next event is, considering no outcome yet?
don't be surprised to find an rns next week/ couple of weeks with GST announcing they've deposited a sum into a closed account to cover the security of costs. that there's been no rns this week would suggest that M+C have asked for that to happen, as proof that they can pay the costs if they lose. thye're out for maximum grief to see if they can end the case... or at least get a stay/return back to arbitration.
no date been issued so.. what other explanaiton is there? that way they draws it out endlessly and keep it private.
personally, i suspect GST are bluffing. they're up to their necks in misrepresenting the Semnet deal or having done such poor due diiigence as to missed some glaring errors. and the fact that mrs bai owned 22% and could have seen from the accounts that the contract was never there or completed shows, at least to me, that the whole thing was done to try and get the IPO away on bs contract. £36million isn't in any accounts says as much.
i think it also failed when accountants brought it up before trident deal could get get going... odd there's been no further news, ever! no info on payments on the binding contract, no news to follow up.
i'm now expecting a bs rns about a nonbinding MoU or some dubious AI contract or collab with some unknown financial body or even a MICA 'update that's a 'looks promising' even if it's doomed to fail... but it'll be done to get away a last gasp fundraise and for them to disguise the forward selling... hey might even get a semnet 'update' announcement, like the contract of security, as proof all is going well before pulling out, getting whatevers left from the legal costs and getting their much needed cash from the placing instead
going to be hard to find anyone to stump up £2mill though, as it'd need a blooody big 'news' story to be able to shift 800million shares on a 'non-binding' something ...but, seeing as bake halts completely on 15 april, gotta replace that missing money somehow.
last gasp from whatever boiler room's gonna participate!
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