Member Info for Rktech

2.15p and 75%
Could be a 100% day if we don't get too many profit takers.

When it took off last time there were thousands of trades and PME RNS's.
Hope we get that soon and we'll know we've arrived.
The biggest question mark is the API status and the BOD are being very quiet.
When we get that which is hopefully in the next month or two then we can expect this to go parabolic.
If the payment system becomes operational this year then thousands of percent increase can be expected.
I'm basing that on what's happening in the sector right now and not any rainbow chasing.

It must be a real dilemma for central banks, bless 'em........Bitcoin has value because there's a finite amount of it but we all know how central banks like to print as much of their FIAT rubbish and call it quantitive easing, thus devaluing our currency by dilution.
It'll be years before CBDC's are commonplace but GSFintech will transfer whatever you like.
Certainly the revolution in payments is about to get cheaper by the use of digital methods and specifically the use of blockchain.
One more thing.....the amount of debt that's been racked up because of this covid situation will never be paid off, it'll just get written off like the CDS's of the financial crisis of 2008 only this time governments are going to press the digital reset button !

GST is a payment platform to primarily facilitate cross border payments whereas Binance is a crypto currency exchange that facilitates leveraged trading which you and most here will know can be like dealing with ice cubes in the sun, as many inexperienced people are now finding out with Bitcoin by following the many rainbow chasers on youtube and twitter.
I have to say although banning Binance is another example of the nanny state in action, they are trying to protect people who probably are the most vulnerable from losing their money,
GST is trying to build a business for making payments that will actually provide better value for it's customers and using the new blockchain technology in a good way.
That's not to say I'm against crypto currency but I do think that newcomers now have missed the boat by a long way.
I just can't see BTC which is intrinsically worthless carrying on until the next century when the last bitcoin will be mined and the rate of mining will be less than a hundredth of a bitcoin every 10 minutes and not 6.25 as now.
The bitcoin value would have to be millions to make it worthwhile and I just can't see it, moreover there are hundreds of crypto coins now so what does that mean for the future.
I think BTC has had it's day in the sun and although there might be one last bull run it's blockchain that will survive as the future and blockchain based on low power proof of stake and not the wasteful and pointless proof of work protocol.

I don't think you will se these small linear rises in SP.
If the API is granted by the FCA and the payment platform takes off then it will go parabolic.

Would be worth going to the AGM and meet the directors. Shame it's in Singapore.

I don't think it's anymore than announcing they'll be posting the detailed accounts and maybe something like the AGM agenda on their website.
If it was price sensitive it would have to be on an RNS.

Interesting article LD but if the FCA had a mum then you might wonder if she hadn't written a lot of it.
They are undeniably slow and a bureaucratic nightmare made worse by that old chestnut about people working from home........hmmmmmm.
Still they're not alone in using that catch all " dog ate my homework " excuse.
I would really like to know where we are in this process and even if it has formally begun.
We may well get something out of Singapore before the UK and that is what I am hoping.

Nothing special about the latest RNS and shows that what is needed is API approval or at least a well defined timescale.
There is bound to be some reticence and concern by investors as the FCA have recently banned Binance and doesn't like Bitcoin. Although Bitcoin is a currency based on blockchain it's a currency not a payment system and it's the word blockchain and the proof of work system the FCA don't like plus it's high volatility and the amount of leveraged trading that Binance offered. Some will wonder what the FCA will think of a payment system based on blockchain albeit a proof of stake system and stable currency oriented.
I can only think that although I'm no fan of the FCA, they have three speeds, dead slow, stop and reverse there are also some smart people in it who know that blockchain is the future engine of financial systems and a lot else besides.
Until GST get the API there won't be any great moves unless something else comes out of left field in Singapore, which is noted for being progressive and quite often first.
As that guy in margin call said......" Be smart, Be first, or cheat.......but we don't cheat "
The Tech is in place, just read the coalculus and Jelurida websites and GLA.

The API is the key and until we get it most else is irrelevant.
It could drop anytime and it is not surprising the BOD are remaining quiet...…...in the meantime it's business as usual at Gst

I agree with jiffy, The only further point is if the board didn't want to communicate why would they put a contact form under their profiles???????
The messages probably get picked up by IR anyway.
I think they will listen to constructive comments and questions but if people just write " where's my effing money ?? " then it's straight in the bin.
I think the flotation of WISE formerly Transfer wise with an Mcap of 10 Billion on an annual profit of 30 million is just plain daft as the new investors will shortly find out. It does show the appetite for a cheap efficient Money transfer company but WISE is conventional and GSFintech is......welll the clue is in the name.
The uses of blockchain in many aspects of life will be revolutionary and especially in the financial sector and being first would be a good idea.

It's not a basket case.......just ridiculously overvalued and where is the Fintech.
This is a conventional payments company with margins cut to the bone.
Blatant plug but take a look at GST, Fintech payments company based on blockchain. Waiting for FCA API licence.

If you use the link below then you can write to all the directors, just select and there's a contact form.
You will get an acknowledgement receipt to your email.

If you go to the profile section there is a contact form for them there. Whether it all ends up in the same place I can't say but when I wrote last March I used that contact form.

https://gstechnologies.co.uk/mypage/jack-bai/

select the profile you want.

I'm going to write to Jack Bai and Tone goh again and I suggest others do too.
Once we've got the API things can start moving and I thought we would have had at least a progress update
Wise is now over 900p and is frankly well overvalued but the space is empty and just waiting for a blockchain payment solution.
I can't think of anything else to do and surely they must realise this opportunity is not going to be there for long.
Wise makes a profit of 30million and is valued at 9 Billion......crazy for a regular vanilla payment outfit.
No doubt the margins are cut to the bone but what must their overheads be using conventional methods ?
I'm just staying put but the opportunity is screaming to be taken.

It's been around for a while as transfer wise.
https://wise.com/
There's no mention of blockchain AFAIK it is a conventional payment system that easily lets you pay in whatever currency you want ( says 56 currencies) and it's 7X cheaper than banks etc.
So they seem to be handling the transactions ( dunno how ) but keeping the cost down as we know all the big players have been riding the gravy train for years.
Encouraging there's no mention of blockchain although I cannot find anything too specific to the financial core/engine like we have with GS Fintech where we know the technology is Jelurida and our version is coalculus.
Just shows how massive this could be.
Currently trading at 825p......need to keep an eye on this as a benchmark.
Also need to find out if it's just another conventional payment scheme with the margins cut or it's using blockchain technology at least somewhere.

Interesting find especially as jack Bai's company is called wise Mpay.
Is this an IPO or just a name change ?
The world will not wait for GST

The covid excuse is a useful old chestnut for doing nothing and/or delay.
The only things that are really affected are the hospitality and travel sectors and I don't see the latter being fixed until the world has learned to live with covid.
Things like information and meetings have been solved for a long time now.
Getting some real info from the BOD is what we need and they all seem very reticent to say anything.
Has anyone got a reply from them ?
I guess we should try IR again for what it's worth but the rest of the world will not be waiting around for GST to get it's act together.......we should get at least some news on progress soon

That's very interesting jeffchan.........have you any evidence to back that claim up.
Sorry if that sounds dismissive but this is a public board full of people with some not so hidden agendas.

1.2Billion shares in issue but most are held by the BOD and their associates.
2.8million shares traded is absolutely nothing.
Imagine a 50m day.
I have to say it amazes me how such small volume generates all those PME's
I follow this TA trader as what he says is well structured and accurate.
He's interviewing another TA trader who has no idea what elliptic curve cryptography is but he knows what blockchain does.
His message is that the future is blockchain based fintech.
Make of it what you will.

https://www.youtube.com/watch?v=2zmbFwKldKg