Member Info for leew

Fish and chips.

I actually disagree with the opinion on Semnet, the value of the RNA on Semnet listing was a value being placed on Semnet if that value is as a standalone IPO or part of GST, in terms of the % it owns the value mentioned is the same.

I have been involved in listing discussions before and there are very good reasons “sometimes” why listings are planned for certain dates and then delayed or cancelled and it’s not necessary a negative outlook on the company.

Either way no news means they are progressing it, as to not be doing so is materially different and would need to be RNA’d

Bfd, the use of the spread is hilarious on GST, basically the same as yesterday in reality unyet 6% down lol

Actually Lloyd I am forgetting the Bake figures for 3 months could be included so that could put substance onto the numbers, good point and missed by me as seemed to have had the wrong reporting period months in my head.

Every time they have said significant it has been significant when the next set of numbers is released so they are consistent and achieving what they say.

I can get hung on this later but my personal view is I would like to see a 1.5-2 x revenue increase and an asset increase, although I expect the asset increase will need to wait till the interims in Dec based on BAKE.

If there is some growth and a good forward statement to indicate if BAKE is having a good impact I will be happy the business is expanding and still

going in the right direction.

What indication do you expect based on the reporting period?

Last time out the forward statement in black and white was saying they were seeing significant revenue increases in the second half of the year to date, which is very positive, unyet the constant argument is they don’t tell us specific details.

If people want specific numbers wait till results if you can see a direction of travel and want a higher reward opportunity with higher risk then the forward statements are a good bet, however anyone with a negative view does not accept the forward statements so what’s are you expecting from them that convinces you BAKE is adding revenue from a forward statement when last years positive forward statement is constantly ignored?

Millionaire, correct and for no other real reason than a placing at 1.9p and then a period of what some denounce as “no news”

Since we were at these levels the following has happened: -

Fantastic interim results

Acquisition of Bake

Announcement of going for small companies to get the licenses need to extend offerings to other areas

Completion of BAKe / GS20 integration

Addition of a BTC Treasury (using their own cash reserves)

Placing at 1.9p for minimal dilution.

Although it was a little before the previous 1.4p levels but when they tell you Semnet is valued at $58m it’s best to take that onboard.

GST has everything in its control to be a very large company, it’s not drilling holes, or chasing some fantasy tech it’s making money daily, with next to no losses in last reporting period, and since they they have said they are using cash reserves to buy BTC.

I maintain GST will end up as my biggest ever winner, as long as nothing left field hits.

Bid has been steadily is rising nicely for selling in QTY.

Zag, there will always be sellers / buyers but something the last 2-3 days has been different in the trading patterns in my opinion.

Still regardless in my view it’s undervalued and put money where my mouth is. Someone mentioned SP targets earlier, with GST I am more going for time in the market and not a SP exit point given my belief in what could happen. I set out for 2-5 years and I am about a year in so as long as GST remains a standalone company I am in for a long time yet.

Seems even the block trades are indicating upwards now as well, with the blocks being biased to the buy side.

I think the director purchase and the treasury announcement are the catalyst to move up into results.

Zag, only makes no sense if you think the market cap is current fair value, if you don’t think it’s valued correctly (like me) then a rise into results like last time makes perfect sense and then the results will decide where it settles

Hilarious, please tell me how you hype significant growth in audited accounts lol

Bake certainly engage a lot with their customers and potential customers, and constantly dropping new ideas and offerings. Seems a very innovative set up, which is great so hopefully they will start to rebuild to where they were a few years ago.

Great use of the UT to make sure the morning shows a nice drop early doors.

Actually in a growth company you want revenue and asset growth while making little or no profit for tax purposes and everything should be invested back into growth, while making little or no losses.

Profit can come way in the future.

No it ain’t hard your right

Kat, it was in reference to the word fast. Wayne has been on the board for ages and the price is higher than before the RNS so actually making money from last week.

Unless as you suggest Wayne has not been invested and got spike yesterday, but it opened way too high so can’t see many buying in the first hour at all

How on earth are you losing money fast now Wayne?

Correct but my me having an opinion and a calculated value of what I maintain the company is worth helps me make investment decisions without requirement for wanting the company to tell me weekly I am right or wrong. It’s also the only way to understand if you believe a company is over/ undervalued.

Also it’s not impossible calculate what the likely minimum of BTC purchased is by just use the words “cash reserve” and using data from the accounts presented 6 months ago. I say minimum because data is not available to calculate a max, unless you make assumptions which would have too much inaccuracies built in.

I still maintain the words “cash reserves” is still the critical part as the implication is GST have money that’s is for unexpected events or opportunities, which by default must mean the companies revenue is making the businesses at least wash their own faces, which is great.

Cash reserves are not used as everyday working capital so again by mentioning that’s how they are buying BTC is a real positive indication on the current operational cash flow in the business.

KAT, as you have been in for 3 years you must be doing well.

As typically over 3 years price has been below 1p so you should be out performing most pension funds

Kat, digital assets is not a flash in the pan, although many crypto assets will be.

My mentality is I won’t invest long term in a company that buys an asset for say $100k and then instantly assumes its worth €1-2m because at that point someone else has made the money on the growth short / medium term.

Why I like GST is they are hitting crypto from lots of directions so changes of strategy are simpler (we have seen this already) and specific crypto assets will come and go with out giving them issues.

Last year I said I was in for 5 years, if they don’t get taken out so if I am wrong time will tell