RE: GS 20 Website HAS been updated31 Jan 2024 17:04
They could just have a poor it department who didn’t react quick enough when trading view went down. They are a big company in numbers overall so maybe just resource issues. Either way they won’t tell us as if they were they would have by now. I think the GS20 website being down just needs to be put to bed. It’s back up and running and that’s what matters now.
Massive since the 18th there have been over 400million shares traded. And only this week the sp has started to dip. He can’t be far off out if he isn’t out already
When they did the interview beginning of last year. The FCA promotions rules came into effect later on in the year so probably the reason for no further interview imho
If they werent trying to get FCA authorisation i would agree that there would be absolutely no reason not to be shouting it all from the roof tops. Annoying as it is i dont think they can say much at the moment, but a trading update on revenue forecast would be good, ie confirming they are still on trade to significantly increase revenues seeing as we are 4 months in to H2 of their financial calendar
If they want a good case with the FCA for authorization would you want any grey areas? i wouldnt. People are asking them to do an interview but cant be directed at UK investors which is where GST is trading as it would be against FCA crypto promotions rules set H2 2023
angra global website says cryptobased Complete with IBAN, Multi-currency and Stable Coin function.
What you have to remember is they are not allowed to promote their products in the uk without authorisation from FCA under their promotion rules. They can only talk about progress as their platforms all say they are running through stablecoins. Considering progress is tied with the FCA I don’t actually think there is much they can say
Most authorisations in the FCA take 3 months and based on last years metrics the majority have been on time thanks to the new CEO. Feb is the likely date for approval for easysend as that is a 60 working day process according to the FCA website. Fit and proper test for CEOs are usually a bit quicker from their metrics but semnet was said to be beginning of feb. I personally believe they have finished innovations pathway and now know what they need from their support from the FCA to get authorisation and this probably relies on the aquisitions and ceo appointment going through. I think we will hear about next step from innovations pathways after these are completed
We will find in accounts re revenue through GS20, we won’t get an answer from the company in my opinion until then. I think numerous posters including me have emailed them but not had a response.
Peel are stalking the ASK still and move up with it. However they now have MREX to contend with. But they are on the BID as well so they are either taking shares as they are low or doing straight trades and making money on the spread as it’s a cool 9%
There isn’t really any point in asking for an explanation if I’m honest for it being down as they will not answer. I personally would ask more people to contact the FCA and put a data request in for the innovations pathway outcomes and see if you can get any info on GS fintech. I’m hoping to hear from my data request end of the week, will let you know if they come back with anything. Also asked Rangel about the Angra fx website that is overdue and update.
Peel have been the only MM on the ask since 10am. I can only guess that the reason they haven’t increased the SP and got more money for their stock (haven’t been on the BID Since 10am either, is because they either shorted it and now closing or they sold stock to bring the SP down to fill an order. As it makes no sense to be the only MM on the ask ie no competition and not raise the ASK to get more for their stock. As the other MMs aren’t really in the game at all PEEL have been running the show for months
The company have said semnet acquisition news is due beginning of feb and you can look on FCA website for timelines on change of control and appointed persons authorisations. 6months is a complete lie and a complete untruth.
I’ve tried calling the pr team and Angra for over a month now. I got through to someone in Angra once and what’s waiting a call back but never got it. We can only wait,