GS20 Exchange showing increasing transaction volume is here : https://gs20.exchange/
They seem to be in a hurry to me. Ask yourself why this is? Todays RNS states the following:-
"The date of the General Meeting has been brought forward as the Directors of Ethernity believe that it is in the best interests of the Company to secure the increase in authority to issue shares free of pre-emption rights as soon as possible, to give the Company the best opportunity to exit the ongoing temporary suspension of proceedings ("TSP") process."
The question here really is will the company release good news prior to any possible fundraise. A raise is not a certainty. It is normal for companies attempting to raise to first spike their SP, to get as good a price as possible secured. That would make the most sense to me.
Furthermore, you all need to remember that the US DOD has run the rules over the company and authorised it as a preferred supplier to the US DODs Tier 1 suppliers, such as Raytheon, Lockheed Martin, Northrop etc. TARANA are also expanding rapidly, and ENET has what they need to succeed. The Tier 1 US DOD contractor needs to be certain of delivery from ENET. They will not countenance non delivery. They are behind ENET now imo.
Add into the mix the Chinese contract with o/s payments and other fast expanding markets, such as India, and we may have the perfect ingredients for this to push on in the near future. The Market cap is now just £2.5 million. This is a drop in the ocean of the potential here.
I really do not think people realise the true value of the IP here.
4.2% issued, 77 million new shares. A small raise. Volume here has been 300m per day for the past three days, each day. The holders shares were most likely already forward sold, and are what held the SP back a bit. Gobbling whatever I can. GLA.
Following the Company's soft launch of its GS20 Exchange in November 2022, the soft launch has been successful and the development of the GS20 Exchange has progressed in accordance with GST's expectations, with a wider roll-out now being undertaken. There has been a progressive build-up of signed-up users, and the Company are greatly encouraged by the market traction the GS20 Exchange is enjoying. The GS20 Exchange is generating revenue for the Company via trading commissions at varying levels depending on the type and size of transaction undertaken.
To me, these shenanigans can mean only one thing. Someone/entity is desperate for this stock, and the MMs oblige, thats their job. We will find out why soon imo. Potential here is off the scale, anyone with a brain can see that.
01234 - OK, thanks for that, I will take you at your word for now then. So, as a couple of seemingly disgruntled shareholders - that have seen it all here - do you not now feel that the Bergen situation is being resolved favourably for all interested parties. Could this arrangement therefore enable future organic growth of the business, without Bergen shackles being attached?
Aklee, that is a great post - thanks for that. Here it is again as the cretins are trying to bury it with nonsense imo:-
Thought it worth posting what's been going on here the last couple of days.
Friday saw a huge pump because of huge trading volume numbers seen on some websites. Spiked to 2p then fell back as people realized it's not what it seemed.
Now anyone here can go on the Gs20 website and see the accurate trading volumes for the exchange. At current levels it equates to 20m + revs per year. Add in the PE ratio and that would put GST nearer the 200m Mcap.
Now it's worth pointing out that the GST exchange is only just coming out of its soft launch so I would expect trading volumes to increase over the year.
GST is essentially extremely undervalued at its current SP. It will soon reflect something more respectable as people cotton on.
Ignore the bashers and shorters. This will fly up over the next few weeks
MMs used their 'shorting crews' to assist them with the SP they wanted, to get their 'clients' in. That is all. Normal service will resume tomorrow. ' Short and Distort' - Google it, it is rampant in the UK today. Carry on.