Member Info for MassiveRay

I can place a bet novice is talking about his obsession again. 🙄

Off topic

Found this post today from katstrangler's on mka how funny.

"No, i'm not 'a short term' trader!

i'm an investor who doesn't have limited resources to invest so have to look at the peaks and troughs to maximise my holding with the same cash!"

Kat, you have posted many times of being a trader and its in your posting history.

Kat, you have posted many times of being a trader and its in your posting history.

Kat, were you not creating new headline posts recently ramping that you see a recovery in the next few days. I predicted you would start your second phase of deramping once you sold out and here you are again. You're very predictable katstrangler

I dont think any appeal is coming.

Let's see

Reading through the corporate updates - it's a stark contrast Apr 2024 " semnet performing strongly"

"Zheng Kang Wen Mervyn, an existing Director of Semnet, has been appointed as Sales and Marketing Director of Semnet and will support the Group in expanding Semnet's cybersecurity business."

July 2025 onwards

Arbitration launched - it's a completely different story.

Shareholder

Ownership

GSTechnologies

66.67%

Ong Siew Phek (jack bai's wife)

23.33%

Lam Pek San

10.00%

Total

100.00%

Billy, isn't 23% owned by Jack Bai's wife?

The mediation settlement talks were for the return of $800,000 cash consideration - return of 58.8 million shares - $300,000 towards operational costs - cash total $1.1million - now the claim is broadened and progressing in the High Court for damages of up to $4.2 million.

Now the defendants have lost the stay application they can no longer rely on lengthy delays of red tape in arbitration. The screw is tightening around the defendants.

Assuming you mean Dollars i agree

What figures do you have in mind for a settlement enki?

One can assume she has sold out again and so the cycle repeats. At least the trade wasn't successful.

My guess is a settlement between $1.5 = $2.5m is coming

Shouldn't be a surprise *

As they were already in advanced talks in mediation for settlement it should be surprise if they're now back at the table. It's a great advantage for semnet and all shareholders.

Their legal team would interpret the registrar's reasons of rejection and would advise their clients if there were a realistic chance of winning the appeal. But not even getting a partial stay it seems its been made very clear.

Thanks for that insightful post kat.

Personally, I won't be surprised if the defendants dont appeal. Something about the rejection in it's entirety makes the ruling seem very definitive.

Morning billy boy