Some conjecture to add to woes...18 Feb 2026 20:45
How can GST claim they've been 'misled' in the Semnet deal when Bai wife still owns 20%+ in the company? is he saying he never ever pillow-talked the Semnet deal? how is it possible that they didn't know anything about the profit margin in the Ypsilon deal?
also, what was the lock-in period for the treasury shares that were part of the acquisition? if it was only 12 as opposed to 24 months, then it could be argued that some of the sales since Feb 2025 (?) were them selling the treasury shares. amusingly (or not really, they could technically be like a short as they'd be able, before the claim conclusion, to be buying any sold shares at at least a 50% discount!
question is going to be, if they DO do a placing, is it going to be another one, like the 1.9 and the 1.2, where they do it now in fear of a drop in the sp should, for example, they don't get MICA.
if anyone wants to start posting the upsides and the timelines, feel free as the upside, i suspect, is much different now than it was pre Decmber.