Member Info for leew

I would suggest an RNA saying something about BTC, or another topic, would be a very good idea for GST as that really would show business as usual and stop a lot of waffle 👍

Auditor change had nothing to do with GST.

Their existing auditor was taken over in a M&A by another larger (I assume) auditing company I assume.

Said new company obviously has different internal checks and balances hence the wording in the latest RNA as follows:-

the Company's auditor has requested more time to complete its internal oversight and assurance processes. The principal reason for this is the additional procedures required following the change in the Company's auditor, as announced on 8 May 2025.

With the other news like arbitration, placing for BTC, it’s easy to come to some interesting conclusions, but if I just read the company statement the reasoning is clear.

I would however agree if this is not a quick suspension with publication of results then other narratives will come out and it will start to become harder to accept what the company says, but I don’t expect that.

Some people on commencement of trading will see a decent gain quickly as current market cap even on results from a year ago is nonsense based on assets and the whole package combined, let alone what it is now with the other aspects added.

Lol, well Santi, that takes lack of any knowledge to a new level, on a plus point any share I have ever been in where you arrive I have always down well so it’s a good omen 😂

Moomins,

COAL is up and down like a yoyo on almost zero volume. I think our buys of £75 are moving it a large amount. Keep thinking what happens if I drop a few K in lol, if it had large volume is so rock bottom it would explode I think.

I nearly brought a little more yesterday but did not and saw the rise this morning

Yes billy, when you effectively have a company with affiliates in different areas that adds to fun. Like I say on auditing I am not experienced enough to offer a personal opinion so only offer my interpretation of the RNA. Auditing I know enough to be dangerous lol

Audavid, yes the response I had was they still

Intend to publish by end of July, which I was fine with but I guess my concern now is more based on hindsight. If we are very quick out of suspension then it shows my disappointment is ill placed. If we are 3-4+ weeks I am not sure that shows we were ever close to end of July so let’s see.

Either way we will come out and move up so all will be well, a little gutted I could not pick more up today, but honestly a few other shares where not at a level I was happy to come out at so just stuck with what I had.

Select, yes delay is nothing to do with Semnet for sure, hence I suspect it’s quickish out of suspension.

I have only ever dealt with auditors a couple of times and in organisations where the accounts, although complex, where straight forward as they were a company in one jurisdiction.

The change of Auditor was down to an M&A in the auditors not GST changing them so to me reading the RNA it seems the merged auditor has some different internal processes to following and that’s causing the delay (I.e not GST). That said bring BAKE in would certainly add complexity so who knows but overall this is a simple suspension, with a simple route out not some struggling, failing company.

That said to be clear the timing of the announcement on the last day I think was poor, unless they were expecting to publish right up to the last minute.

Last bit from me but the bit that meant i was not too upset after a cuppa this morning was these words.

the Company's auditor has requested more time to complete its internal oversight and assurance processes.

This is the auditor requesting extra time to complete their internal oversight and assurance since they merged and not any suggestion it’s GSTs issue, however frustrating and annoying it is.

This will turn around well on restart of trading, and let’s be honest restarting trading provides a guaranteed 50% increase just back to the undervalued level of just over 1p lol.

Well, 1 more week and then I am off on holiday for 2 weeks so will just need to keep an eye out for RNA’s and nothing else.

Good luck to us all, but unless I have really misunderstood the RNA, no luck is needed and just need to see the results and get us back on the right road, which is what GST is effectively posted on X.

The way I look at it today is GST was cheaper SP wise than it was before we announced the following:-

Interims with x9 revenue, asset increase, losses down to almost nothing, with a good forward looking statement for current year we await results for.

Purchase of BAKE

Integration of BAKE (including placing to help integrate it)

Set up of a BTC treasury (including 1.7m placing to buy BTC)

Pushing a MICA license

£40k director purchase

Confirmation $4.2m was cash balance for year end

Confirmation accounts are largely approved and meet expectations (as per interims that was classed as seeing significant revenue growth)

Completed Semnet purchase with treasury shares

Arbitration- looking for more Semnet profits - not good news really

Suspend due to accounts not being ready based on auditor - again not good.

So in summary take todays SP, and add on what you think is each item above is worth to GST and when it relists that is what it should be worth.

My main take away from the above is if the new accounts even show just a x2 revenue increase then it effectively means that GST will be making 18 times more revenue that it was when it was last at this SP.

Good luck all and see you when there is something to discuss 👍

Billy, look on the bright stage the placing churn will

have been done lol.

What we all thinking on time scale? I would say 2 weeks would be quick, I expect 4, but accept it could be more.

Nothing on this particular suspension type is a gamble. If you can live with out the capital for I assume a month or so (may be upto 3 months who knows) then there is no gamble.

This is not a company in stress, it’s a growing company as shown in previous releases and the wording is very clear, it’s not a financial issue with the accounts per say, it’s the new merged auditor validating governance processes from the wordings and the new merged auditor obviously does it different to the original auditor.

Is it great to be suspended, of course not, but to suggest it’s a gamble and make incorrect made up views is pointless and not helpful.

The advice is always read the RNA, that tells you the official position not what new people arriving today make up.

My real upset is I brought most of my shares between 0.65 and 0.8 but I did buy a decent amount above 1p as well when in reality I could have brought them at todays prices, but long term it’s largely irrelevant but certainly frustrating.

As I also said to leave the announcement this late is frustrating and the BOD need to repair some trust with me now.

My biggest win ever was in a company called rift that went into suspension and came out 10x higher lol.

That won’t happen here obviously but coming out 2-3 times higher than now is easily achievable on mediocre results.

No way is this in suspension for 12 months, can people not read.

This is nothing like PPP, look it’s obviously not wonderful news but it’s for a set reason, they told us the year end cash figure ($4.2m) they raised (£1.7m) recently and they have clearly stated the reason for the late publication of results, and it ain’t because they are broke.

People making the situation worse, when I assume some are genuinely worried is not right so stick to facts.

I can sell all my shares in 1 go and I have a very decent amount, but I am selling none, and might actually add as this comes out of suspension higher.

Well I can sell all in 1 go, no thanks I can read and won’t be overreacting lol.

Morefondle, my view is the auditor they merged with who brought them under their banner has different internal processes / checks and balances and as such that’s the drag, but yes why they have not done it on that time is dreadful.

The key is it’s not suspended due to a struggling company which actually makes it more frustrating actually

Ok my thoughts are digesting over a cuppa

Late results timing announcement is very poor

BTC treasury raise with no confirmation on progress is poor

Suspension is annoying

Wording in RNA to me suggests the numbers are fine and we know they are growth imo

The issue seems to be the auditors changing due to the M&A of the auditors had meant the new auditors want to further review governance processes (the announcement says it)

They have money on the bank, got another £1.7 recently so this is not a suspension to wind up so although annoying I am not fundamentally concerned but trust with the BOD has been broken this morning Purley based on waiting till the last minute so they have a lot of rebuilding to do.

Well being very honest, did not expect that, and no reason to leave the announcement that late.

Ultimately it won’t matter but the late announcement is very poor and unprofessional.

Sorry BOD, the way in which it’s left it last minute is very poor and would have been known a while ago.

Oh well await accounts and then we move on, but not what I expected and as such I was wrong

Audavid, great minds but I guess that also means poor ones think alike as well, time will tell which we are :)

Zag, Not sure I agree on that.

Numbers are obviously in results and if the numbers show growth, it will once again demonstrate that the usual bla bla in the results you mention turns on to factual progress.

The bla bla you mention I assume is the forward statements where they have stated things like the next Half of the year is seeing further significant growth, which to date is factual. A company is never going to provide confirmation on figures for the next half it’s in when it’s in GSTs growth stage. I think GST is too early to start to provide detailed guidance on the next year, even if they have that internally, although I can see why it could be beneficial if they decided to do that.

Either or, I accept your viewpoint as you have your head screwed on so appreciate a different opinion.

If the SP drops 20% after posting growth and advising the next Half is going well I would be beyond shocked.

Well everyone who is in, is in, and out is out.

All the recent results have shown company revenue growth, loss reduction, asset increases and some positive statements.

If the results arrive and are similar again then GST at this market cap will look like a real bargain.

If they arrive (or don’t arrive) and show no growth, increased losses, reduced assets and a poor forward looking statement I can confirm I am wildly wrong and cry into my breakfast 👍