Member Info for Rktech

3.2P is certainly a strong resistance.
Clear that and we're off !!

I've been invested here since January and I'm confident at least as far as I ever could be that this is the real deal.
The only variable I can see is the FCA approval which may take longer just because that's the the nature of the beast ( the FCA )
Moreover we have nothing to do with crypto mining so remember blockchain is a technology which because it is also central to cryptocurrencies is regarded falsely as being cryptocurrency.
GST is a neo bank with ground breaking innovative technology that will be commonplace within a few years.
We have the chance to be in at the beginning and I'm taking it.

Due diligence on Angra should consist of

Forensic Auditing and Establishing that the company does what it says on the tin.
I can't see why they wouldn't transfer the API if the company is going to continue trading as previously but GSF may be going directly for approval to use the new blockchain/stablecoin platform.
Factor in that the FCA are slow and the 31st Oct may not be reasonable for everything signed off but I'm not too bothered and there are many who would dump the stock to go chase some other rainbow.
Pays yer money etc.............if you get my drift.
I'm not interested in short term trading this and I certainly don't want to be out of this at the wrong time as I'm certain about one thing and that is when GS Fintech get this all signed off it will gap up big time and the opportunity to get in cheap will have gone........Think ARB when it was 3p.

Just to make it easy for anyone else interested here's the link to the prospectus to download as a PDF.

https://ca7b1f61-111f-4349-9a9c-0632e3ebf3ed.filesusr.com/ugd/59e1de_504fc583b6dd49af8b992aff6fc0b4bb.pdf

Share Flyer is our resident ramper and random number generator.
Just look at it as a bit of fun......he's harmless.

Why let the truth get in the way of your agenda ?

Why let the truth get in the way of your agenda ?/

Aye to that OB.
You are right about the huge income they get from their managed funds and then they sell their own annuities at the end.
License to print money.
In the short term it will reduce the costs of financial transactions. The big players will not want to pass that on to the customer but the neo banks will and we will be one of them with a platform for use by all.
Here's to a good week ahead.

HI Jiffy
Your one of the informed posters who has done their research and try to pass that on.
All I can say is that the Dinosaurs have been riding the gravy train and will not want to give it up.
Unfortunately for them they will either have to accept that the party's over and adapt or go extinct.
As for GST I would not be too concerned if the API transfer was not ratified by the 31st as the FCA are notoriously slow but in my experience they are not against progress but their due diligence takes time and they are after all there to protect the consumer.

Coalculus will address the problems associated with blockchain for financial systems.
1) Scalability or how can you increase the number of users and their customers by having a parent/child system.
2) Data bloat.......transactions from the child chains are compressed and bundled into the blocks of the parent.
3) Speed........Proof of stake is instant whereas proof of work takes time to validate the transaction.
4) Power wastage........Proof of work requires many nodes all competing in a pointless guessing game to ensure security and the amount of power goes up as more mining nodes get involved and the mining difficulty increases as their can only be one new block mined every ten minutes in the bitcoin protocol for example.
Proof of stake is virtually instant as the node that forges the block puts up a value many times what it would make if it tried to cheat and falsify the data.
Blocks are said to be forged in POS as opposed to mined in POW.
5) The multichain system allows transactions to take place in FIAT or Crypto or chocolate buttons if you want to assign some value to them.
There will be others who will implement their systems but the Financial Dinosaurs are already scared and must know their days are numbered.
For example Standard Life, Prudential and especially AVIVA are resisting the new pension Fintech's like Pension Bee and are being investigated by the FCA for malpractice......Just a heads up for any shareholders.
Have you noticed incidentally how many adverts there are for the likes of Western Union, VISA and again especially AVIVA trying to put out some kind of cuddly image for their malodourous products like equity release, FX transactions, Payments in general, Pension Annuities............etc........the list goes on.
We all know they are are just a pack of Barstewards who want to profit from the gullibility of their customers.
Fintech gives Value for money which is something they don't want.
The times are changing and the new Fintech will inevitably win out whilst the Dinosaurs will either adapt or go extinct.

I think the plan always was to acquire a company with an API.
The next step will then be to include the blockchain technology into the transaction system and get that accepted.
Whilst the FCA do not like Bitcoin this is not a cryptocurrency but just uses blockchain technology which is already accepted by the financial community as being efficient, secure and the future in so many different aspects of the internet of things including Fintech.
The coalculus platform uses Jelurida tech and their Ardor system.

Ardor is an open source multichain platform launched on 01.01.2018. Its unique architecture was designed from the beginning to overcome existing blockchain technology problems and ensure scalability. Ardor’s advanced design introduces a parent - child chain system where the network security and transaction processing for the entire platform is provided by the Ardor main "parent" chain while all the business-ready functionality is present on the permissionless and permissioned child chains.

This architecture has three fundamental advantages:

All child chains have their own native tokens, used as a unit of value and for paying transaction fees, and a variety of ready to use features
Scalability is achieved by pruning of the unnecessary child chain data once they are included in the permissionless Ardor parent chain, preventing the "bloat" of the network
All child chains are connected and share the same source code, ensuring ecosystem interoperability that allows child chain token trading to one another in a fully decentralized way and transactions on one child chain to access data or entities on another
All transactions of the child chains are included in the parent Ardor chain thanks to the bundling system - a process that groups several child chain transactions into parent chain blocks and enables application owners to sponsor transaction fees for their end users.

Ardor uses a 100% pure proof-of-stake consensus algorithm which makes it energy efficient - significantly reducing the hardware requirements for securing the network. The Ardor parent chain token, ARDR, is used for forging - the generation of new blocks and network consensus. ARDR forgers receive the transaction fees from the blocks they forged but no new ARDR coins are created.

What's not to like.

Possibly fishing as stops are on the book and MM's can see them.
Would be good to clear 3p for good but still another 4 hours to close of play.

This could be one of the few occasions when " ! wouldn/t want to be etc...................over the weekenend " is appropriate.

He said being Ironic.
Irony does not mean .......a bit like iron

Even if we get no more news between now and the announcement ( one way or another ) on the acquisition and API there will be a gradual build in the SP in anticipation.
I don't think the company would have embarked on this without a degree of informal due diligence and Jack Bai is not here to muck about.
Just my opinion but GS Fintech is just getting started on being a major player in the neo banking business which is worth Trillions.

Unfortunately many people think Blockchain is Bitcoin and although it is the central mechanism it is a technology in it's own right.
ARB is a cryptocurrency miner and GST is setting out to be a neo bank based on Blockchain and Proof of stake and not the energy wasting Proof of work guessing game in bitcoin mining.
If you're a new investor then read about coalculus and the tech provided by Jelurida and you will see it all.

The "sell on news" mantra is only applicable when it's clear that it's already priced in and although I always thought Tan was going to be a big part of the move towards the neo banking goal this announcement did come a bit out of left field.
There is an element of risk associated with the DD and the API transfer and so that is far from anything to be selling on.
Moreover we don't know exactly what the next news is going to be.
The Financial world is full of anachronistic rubbish........like the 1 share RNS and MM's signals just to name one old chestnut.
This is news for more buying.

GST was essentially an acquisition of a shell by Jack Bai.
GS Fintech is why we're all here.
Good find..........Accounting is REALLY boring though.

That's right Jiffy.......you could buy at 2.66 and sell at 2.6 although not much before it went to NT.
Dropped a bit more now so they're not short of shares ATM.
A good day of consolidation until the sells dry up.
Still a bargain under 3p.

I'm glad you said that OB. The only time I've used NT is when I accidentally hit the trade button and I got ripped off each time.
Moreover once you've hit trade then they ring fence your money and you can't cancel.

Now the MM's have robbed a few shares ( bless 'em ) we can get back to business as usual.