Member Info for Lloyd88

Chaebol it really doesn’t matter, if anything had affected GSTs wallets etc we would probably know about it. We are not liminal, it’s makes no difference and has had no impact on the SP since you brought it up. Highly doubt it will have any impact going forward. If liminal go bust GsT will find another provider. Really doesn’t matter

I’m on II and that hasn’t been the case, today is the only day they have been prepared to take 3million + in one hit for the past week. Most I’ve seen is 1million. We will see I guess

That’s a lot for just 1 mm on the bid

They will take 3million shares at way over the bid at the moment, interesting

Yes I must admit the annual report is miles better than their previous ones. If they applied that to their website it would go a long way. But personally really like the way the reports are set out for 2024

Yep wait until the US wakes up at 2.30 haha my personal favourite

That is interesting as that equates to around 2% of the overall volume. Todays volumes are around that of the whole liquidity pool (they no longer show the whole liquidity pool on the exchange page now) they only show on the front page the value of the transaction volume as a 1 or 2% of the overall volume. It could now mean what we see is true figures but again without confirmation for

GST we don’t know. Who knows sunney

Couldn’t agree more Bfd

The FCA sign off is in relation to being able to use their product in the UK due to the crypto related nature of them. They are currently making substantial revenues without the UK, the UK market hasn’t been written off yet. There are clearly bigger opportunities elsewhere and looking forward to seeing how they progess. Still believe they will surprise us with the UK, especially with their stablecoins.

To be clear the purchases were to establish a neo banking company.

Chaebol you need to research more. FCA we’re involved for thier stablecoins. Angra is nothing to do with it Angra global has little to do with it, GS20 is its own business and not dependant on it as it’s operating in other jurisdictions and predicting substantial growth. Stablecoins are not dead and this has a bigger story to play. I actually thought at the start you had done some research but it’s now becoming a bit clear you have done very little but research the things everyone knew the business lacked. It’s a shame as I thought you had something to offer but it’s clear you actually don’t want to offer anything constructive. I shared some of your views, shame really.

That is the question James, only you can decide that. You have to weigh up what else is out there In the market and what you believe will generate you the best return in X time period, X is decided by you. I believe GST is one of those, you are the only one that can decide if this is one of them.

Yes you’re right Kat we are dominated with PI shareholders and so our SP will suffer when they lack information as PI holders can look at investments in a more emotional standpoint. They should better know their shareholding but I believe this is just the way they work. I can either accept it or not. I do believe they are keep the lid on the bonnet and in good time will open it up and we will see through the rusty frame of the car the v8 engine underneath they have been working on.

It’s very easy to point out the bad parts of a company when the sp is down. There are lots of good things happening that are being missed and eluding to ‘substantial growth’ who cares if no one picks up the phone. What matters is that they are showing growth which shows to be substantial.

Https://www.jobstreet.com.sg/job/77141462?type=standout&ref=search-standalone#sol=eb2ef46385e6e5fd38a41cf89eb4e14bc058fba2

Anyone notice this, they definitely needed it

Yes by the end of this month they will be taking applications but the FCA will never comment on it as it’s market sensitive due to interest from various companies to join. It will come out of the blue towards the end of this month/beginning of next. I have all my fingers crossed GST will be making an application for the first cohort.

Yes it was soft launched in November 2022 and now taking on any users in jurisdictions that they are allowed to take on.

Semnet had a turnover of US$5.55 million and reported profit before tax of approximately US$0.23 million for financial year end 30 September 2023. The subsidiary's assets and liabilities as at 31 March 2024 were US$1,069,981 and US$914,611 respectively.

Fair value of net identifiable assets at the date of acquisition amounted to US$115,105 resulting in goodwill on acquisition of US$1,723,270.

The goodwill is attributable to high profitability of the acquired business and the significant synergies expected to arise after the acquisition.

This is their explanation

They explained their justification, but who knows chaebol. I can only go by what they actually say.

Completion of the Acquisition ("Completion") is subject, inter alia, to the agreement of a completion assets statement, which may require adjustment of the consideration upwards or downwards, and no material adverse change having occurred in the Semnet business.