I think your probably right chaebol, which is why they are asking for basically all their money back. Which looks like they will get, 800k, 300k and all the 59million treasury shares.
I’m not saying that GST is the major firm, just that who ever it is they aren’t telling people. I wouldn’t call GS fintech Ltd in the uk a major firm as it has no revenue or turnover that has been posted.
They have a partnership with NUVEI which Bake uses to offer certain services to Bake users. Not sure if it’s staking or lending or something else but some of what Bake offers is done through NUVEI
No idea, but it depends on how big bake is or who big they want it to be. If it’s going to be a major player then having our own MICA is the way to go. It would be a complete waste of money if w didn’t go all the way at this point. Considering the investment the business has made into it
Well the good news IMHO is if we utilize our partnership with NUVEI we haven’t got anything to worry about when it comes to operating past the 31st December. Which is good news, I guess we will find out soon.
I have read of companies utilising partnerships in other EU countries in order to use thier MICA license to continue using certain services as the companies who they would be using would in itself regulate the activities process through them.
Would they announce it for GS fintech UAB before GST can announce the market themselves? I’m trying to see if these companies have said they got mica before the BOL released the news
I wouldn’t say there is limited downside yet but there is a chance of significant upside if we get a license approval. I feel like they are maybe waiting to find out on MICA or EMI before they release interims so they can include information on that and where the company is going. Who knows
And in trading, people will take any margin. It’s more likely they have shorted for the potential of a license rejection or bad results. Which I don’t want to believe but is possible. I don’t think it’s been done for just today.