RE: Poor24 Jul 2024 08:11
Worst part was 52 week low was 0.6 but that was under the belief an FCA signed stable coin was being approved.
Now they have shifted their entire focus so I am calling this 0.10 in days to come. Pathetic RNS
THIS WILL GO TO 0.10 BASED ON FOLLOWING IN TODAYS RNS:
"Discussions with the FCA continue, but regulatory authorisation in the UK for the Company's stablecoins is not seen as an immediate strategic priority or necessity as the Group's other operations develop."
AND
"Net loss for the year of US$1.22 million (FY23: US$1.63 million loss) as the Company continued to invest in developing its GS Money solutions, with a significantly decreased net loss in H2 FY24 (US$0.31 million) versus H1 FY24 (US$0.78 million)"