Member Info for Newuncle

AHS, perhaps you could explain that to BrewH? He seems be working incorrect assumptions.

As for the abuse posted below at Kong......totally OOO imo but then this your thread after all, always has been, always will be.....

So to sum thing up, I think a few here may have not realised just how GST have structured their aquisitions using more shares than cash to pay for them over time.

Muldoon,

Not yet imo.

They will be issued 9 months after the deal was sealed, which should be Nov/Dec time.

The Company has acquired 66.67% of the issued share capital of Semnet for a total consideration of US$1.8 million in cash and new shares of no par value in the Company ("Ordinary Shares"). US$800,000 of the total consideration is payable in cash ("Cash Consideration") and the remaining US$1.0 million through the issue of new Ordinary Shares ("Consideration Shares"). US$580,000 of the Cash Consideration has, or will shortly, be paid and the remaining US$220,000 is payable four months from Completion.

The Company will issue the Consideration Shares on the nine month anniversary of Completion, or on any earlier date designated by the Company giving not less than seven days' notice in writing to the vendors, at a price per Ordinary Share equal to the average of the middle market quotations for a Consideration Share as shown by the daily Official List of the London Stock Exchange for the last five full trading days immediately preceding the payment date.

Billy looks about right

CTSFO

Re SEMNET $1.8M

US$800,000 of the total consideration payable to the Sellers is payable in cash ("Cash Consideration")

Remaining US$1.0 million through the issue of new Ordinary Shares ("Consideration Shares").

US$80,000 of the Cash Consideration has been paid and the remaining US$720,000 is payable as to

US$500,000 on Completion

And the remaining US$220,000 is payable four months from Completion.

Should Completion of the Acquisition not occur the Company is entitled to the return of the US$80,000 consideration already paid if it has fulfilled its obligations under the Agreement.

CTSFO,

So we know that GST now own a majority stake in Semnet but has some outstanding cash balance to settle.

As far as Easysend is concerned, GST owns the grand sum of Zero in Easysend right now. Of some may try to tell you otherwise and claim GST already bought/acquired Easysend but there's nothing from the company company that confirms that to date.

CTSFO

Semnet Aquisition

US$800,000 of the total consideration payable to the Sellers is payable in cash ("Cash Consideration") and the remaining US$1.0 million through the issue of new Ordinary Shares ("Consideration Shares"). US$80,000 of the Cash Consideration has been paid and the remaining US$720,000 is payable as to US$500,000 on Completion and the remaining US$220,000 is payable four months from Completion. Should Completion of the Acquisition not occur the Company is entitled to the return of the US$80,000 consideration already paid if it has fulfilled its obligations under the Agreement.

The Company will issue the Consideration Shares on the nine month anniversary of Completion, or on any earlier date designated by the Company giving not less than seven days' notice in writing to the vendors, at a price per Ordinary Share equal to the average of the middle market quotations for a Consideration Share as shown by the daily Official List of the London Stock Exchange for the last five full trading days immediately preceding the payment date.

The remaining 33.33% outstanding shares in Semnet are owned by Ong Siew Phek (23.33%) and Lam Pek San (10%). Ong Siew Pek is the spouse of the Company's Executive Director and CEO, Jack Bai. As Ong Siew Pek is a related party of a director of the Company, the Company considers the Acquisition to be a Material Related Party Transaction as defined under DTR 7.3.6. The Company's Executive Director and CEO, Jack Bai, has therefore not participated in the GST Board resolution to approve the Acquisition and the Company's independent directors consider that the terms of the Acquisition are fair and reasonable from the perspective of the Company and its independent shareholders.

In its most recently published unaudited accounts, to 30 September 2022, Semnet had a turnover of US$4.22 million and reported profit before tax of approximately US$0.21 million.

CTSFO,

Still waiting for £/$ values re Easysend aquisition.

GSTechnologies Limited (LSE: GST), the fintech company, is pleased to announce that the Company has entered into an option to purchase agreement to acquire 60% of the share capital of EasySend Ltd ("EasySend"), a Northern Ireland incorporated company operating a cross-border payments business (the "Acquisition").

The Company continues to progress the acquisition of 60% of the share capital of EasySend Ltd ("EasySend"), a Northern Ireland incorporated company operating a cross-border payments business, as announced on 29 November 2023. Completion of the acquisition of EasySend remains conditional, inter alia, on the entering into of definitive sale and purchase documentation and also on GST obtaining approval from the FCA for the change of control of EasySend, a regulated entity. The Company expects to complete the acquisition in Q2/Q3 2024

The Company has acquired 66.67% of the issued share capital of Semnet for a total consideration of US$1.8 million in cash and new shares of no par value in the Company ("Ordinary Shares").

US$800,000 of the total consideration is payable in cash ("Cash Consideration") and the remaining US$1.0 million through the issue of new Ordinary Shares ("Consideration Shares").

US$580,000 of the Cash Consideration has, or will shortly, be paid and the remaining US$220,000 is payable four months from Completion.

Kong yup. Burrows over egged it in claims of growth a year ago and then had the cheek to admit thato it was pants after all as their salesperson went missing last summer and then claimed he knew sales wouldn't be maintained through the summer all along. Utte contempt for the out and out bs he has put out and then rode back on big time but none of it was his responsibility . Joke of a CEO and the FD is just awful .

The UK does not have a national screening programme for prostate cancer because blood tests are not considered accurate enough and can pick up non-life threatening forms of the disease over aggressive types.

Researchers believe the cheap and simple testing method could help catch the disease earlier and save lives.

The latest study involved more than 6,000 European men aged 55-69, an age bracket where the risk of developing is increased.

The researchers then used blood and saliva tests on a smaller group of those men who were found to have genetic variations in their DNA indicating a higher likelihood of developing the cancer.

Gs.....and no doubt you believed the FD when asked about fundraising when he said they always do it a premium too.....

Looks like it is. All over the news today. Has obd wasted years and money delivering a gold standard betamax type product which will be overtaken by a cheap and simple at home spit test.

BFD,

Thank you, that helps

So there remain ? re Ypsilon but let's park that for now.

Can anyone explain how, if Semnet has been awarded a $36m contract, why there was no separate RNS for this as it is "material" to GST revenues imo and should have been reported via it's own RNS announcement at the time of award rather than in a single line of a broader RNS.

Any sensible answers most welcome that explain why no separate RNS

Quite the opposite just asking if people questions to generate useful discussion

Ok off out for lunch....look forward to seeing some informative posts please

This one is a bit more tricky to give a detailed answer to but please post what you can:

Who are/is: Ypsilon Technology Pte. Ltd and what do they do? Can you find any news they feature in (except Semnet please).

What is coalcalculus?