Member Info for Lloyd88

Zag I’ve not been the most optimistic of late, but the last 2 weeks have shown it’s not likely to hit 0.50 it’s more likely to go up from here. If this dropped yesterday and today I might have agreed but it’s not shown it is.

6 out of 7 MMs are on the BID at 0.75 so there is good support there. Now with volume back to minimal I would imagine we will sit here till some news/leak/loo roll changed RNS.

Just ‘we are hoping’ would be enough billy. Then that would mean an application has been made as they wouldn’t be able to be hopeful at this stage as it would be impossible due to the timeline to the end of the year .

Yes billy that’s correct but I’m asking if they still anticipate meeting the deadline for a positive outcome in H2 of this year as they stated

I think what’s clear to me now for the reason why they won’t say they have applied is because if they do, they will be obliged to tell us if they get rejected, being rejected doesn’t mean they can’t address issues and reapply which they would likely do, but would delay getting approval. They clearly have applied imho but don’t want to actually say incase the need to make changes, they may have already had their application sent back with further requirements which they are currently meeting and reapplied. It’s the only reason for not saying whether they have applied or not. So i guess fair enough if that’s the case but doesn’t stop them from telling me how if they are still aiming for a positive outcome before the end of the year!

They had to be forced out a bit though, relentless comment to Tim and the telegram group I think made them think they had better be a little bit more transparent as we get closer to the deadline!

Https://www.linkedin.com/posts/bake-io_bitcoin-crypto-activity-7392529573948665856-PnA1?utm_medium=ios_app&rcm=ACoAAA14B6sBmUhlxaT6WTbVh0wot7yz9vfblXA&utm_source=social_share_send&utm_campaign=copy_link

Https://www.linkedin.com/posts/bake-io_%E2%84%B9-mica-licensing-update-the-mica-application-activity-7392483967184056320-45-O?utm_source=share&utm_medium=member_ios&rcm=ACoAAA14B6sBmUhlxaT6WTbVh0wot7yz9vfblXA

I have just been blocked on the telegram group for asking the tough questions on bake official. Until November 13th. I questioned why they weren’t being transparent with their users and clearly they didn’t like it!

Just one bit of good news is all we need.

Further updates are planned as soon as appropriate and I expect them to be more regular going forward. However, I cannot advise on the precise timing.

This is what I got

I Don’t know, I’ve asked Tim to send it to GST for comment.

When I asked the bake of Lithuania whether gs fintech uab had made an application to MICA I got the below.

I’ve also asked Tim but he hasn’t responded yet.

Hello,

In response to your complaint, please be advised that as stated by Republic of Lithuania Law on the Bank of Lithuania article 42 part 1: financial market participants under Bank of Lithuania supervision shall be: banks, foreign bank branches established in the Republic of Lithuania, central credit unions, credit unions, insurance companies, reinsurance companies, branches of foreign insurance and reinsurance companies established in the Republic of Lithuania, insurance broker companies and branches of foreign insurance and reinsurance intermediaries established in the Republic of Lithuania, electronic money institutions, intermediaries of electronic money institutions and branches of foreign electronic money institutions established in the Republic of Lithuania, financial brokerage firms, tied intermediaries of financial brokerage firm, financial advisor firms, regulated market operators, transaction information service providers, benchmark index administrators, data providers under supervision, management companies, investment companies, central securities depositories, branches of foreign central securities depositories established in the Republic of Lithuania, depositories, foreign financial brokerage firms and branches of management companies established in the Republic of Lithuania, pension associations, investment holding companies and issuers, payment institutions and agents of payment institutions, consumer creditors, consumer credit intermediaries, creditors, peer-to-peer lending platform operators and credit intermediaries, crowdfunding platform operators, national development institutions and operators of currency exchange offices.

Please be noted that GSfintech UAB / BAKE IO is not considered as a financial market participant supervised by the Bank of Lithuania.

Https://www.linkedin.com/posts/coalculus_important-update-for-coalculus-coal-holders-activity-7392156433963937792-nsIr?utm_source=share&utm_medium=member_ios&rcm=ACoAAA14B6sBmUhlxaT6WTbVh0wot7yz9vfblXA

Sparky has Chris come back to you yet regarding the loo roll?

Zag ferhat is admin … he runs the TG

Not much happens on the group at all, I just use it as another channel to speak to someone related to GSTs activities that isn’t Tim. To see if anyone else is prepared to give any more detailed explanations. But I think GST when ever they take someone on gives them a script if anyone asks them any questions regarding financial or license information

It’s an official channel

Zag, this is a Telegram group setup by the BAKE IO platform itself and how they communicate to their community. It’s not a random telegram group

No just asking if we have made an application or what the progress is.