RE: Bottom25 Feb 2026 23:25
I think that headline sums up the situation nicely.
GST doesn't need to 'angravation' (geddit?) of trying to fulfill stablecoin process when having spent the best part of a 6months trying and failing for MIICA. it needs to go fully in with one thing and with serious, full-bodied commitment, not fannny about with every option under the sun and do all of them badly. if MICA was important enough to keep investors hoping for six months then it'd be outrageous to suddenly decide it was never that important, esp, with Poland on a very small fuse.
it's spent (presumably significant) funds on setting up lithuania office, what with having a ceo and 'several staff' but also paying a third party to fulfill transations so it needs to be seen to transfer that paperwork in house... it also bought finferro at a pemium, i'm guessing, when it had to pull a rabbit out of the hat to transfer Bake operations to Poland, after applying too late to get MICA application fulfilled. no clue how far they got in the process except it takes more months that they had from sept > dec so hope they're not going to dick about with the reapplication, like last time, otherwise you'll see the price crash if they don't apply or fail to apply in time... again.
atm. their silence speaks volumes for them and it must be stomach churning for those that saw this as a money printing machine and threw more than they should based on the incessant ramping.
it really needs to give a good update on Semnet or reapplication for MICA (but preferably, both) to at least see this back at pre suspension prices.
at 0.35 it's either the bargain of the year or it's slowly starting to spin around the plughole and there's not a lot to be done, at this price a most, i'm sure are so deep in the red as to have inconsequential amounts left, after two years of failed ambitions.
i really hope something good turns up sooner than later because another week of nothing and, unless there's proof of life or some new buyers' deep, deep conviction through buying, this'll be 0.3 next week, if not sooner!