Member Info for Lloyd88

Don’t know what the defi part was bought for but was not expecting that at all.

It says its domain and operations were sold to gs technologies, a third party consideration of $150,000 dollars

Your not going to believe this but on the cake Pte Ltd accounts it says they sold the business to GST for $150,000 dollars

Staking fee revenue on its own was worth 4.7million, subscription fee was 300k and swap fee was 8.6millon.

I hope we managed to continue the trend into

2025 when we took it over

Wow CAKE Pte Ltd accounts are out and end of 2024 it did 19million! And made 2.96million in profit. That was just before we bought it so I’m expecting a very different picture come interims!

Maybe sparky can call Chris and find out?

Email Tim if anyone has questions, no one has the answers on here!

I have a feeling it’s something to do with gs fintech ltd

We will find out tomorrow I recon chaebol, that’s information they know everyone will be aware of.

We will find out tomorrow I guess. If they are selling part of the business they will 100% need to tell the market

Sale of the business is the only way Jack bai and the BOD are going to get their money back on their shares. But I can’t see Jack doing it until all his and his wife’s companies are fully set up with GST. Then he’s generating revenue for himself and his wife while also getting a large amount for his shares.

I don’t think it will do anything for the SP at this stage with current crypto sentiment. Stablecoins and licenses yes

It appears anything running off caliber technologies is down

Yes the blockchain sites still work, personally wasn’t expecting them to go down

Gsmoney.net and gsmoney.app is not longer showing the usual ‘under construction’ page either

Jp solutions is owned 50% jack bai and 50% ong siew phek.

Its was setup in 2009 and looks like another business of jack bais and his wife.

I will note according to the accounts on ARCA the amount due to the directors is 5million dollars, so he’s going to want to sell A LOT of Vaultex through semnet to get any of that back. As it’s made very little revenue over the years. Maybe GST is the vehicle to change that.

Https://www.jpsolutions.com.sg/

This is at the same address as semnet

Those words are his exact words, seeing as the website is new and designed by GST I also believe the same. If he said it was old then I’d be thinking the other way.

This imho can only mean stablecoin plans are coming back into play, just can’t believe nothing has been said. Surely gs fintech Ltd apply for an API is worthy of the company saying something! I know they said they would do this in the prospectus in 2021 but come on!!!

Tim has confirmed to me that the Gsmoney website found earlier is new, and he believes gs fintech uk is applying for a uk API, this is massive news!