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I would agree with you if they hadn't just placed at 1.05p.
GS20 figures have been shrouded in mystery since NOVEMBER! Figures on profitability would be ideal, if not some forward looking expectations would do.
If it is doing well then release figures and the market would respond and you could place at higher than 1.05p.
The $36m contract is with the firm who's news section on their website states.... 'more information coming soon'. Quite pertinent for GST don't you think?!?
https://www.ypsilontechnology.com/news
It would be nice to know the BoDs expectations rather than wait for results.
Saying they are 'performing well' or 'in line with the BoDs expectations' are fine statements but no one knows what the BoDs expecatations are!
If I had set up a crypto exchange a year ago I'd be expecting to be making money by now.
But then again if I set up a crypto exchange tomorrow I would know that on my website it should say that Bitcoin has reduced in price by 0.68% today and not have a rounded error of 100 times showing a reduction in price of 0.01%.
Perhaps they should employ me or get some secondary school maths education.
Point is that communication is NOT good enough.
Good communication would raise the share price.
Better share price means that if you want to place you get more money.
Simples.
I'd not looked before at Easysend's accounts on Companies House but they are worth a look.
A well established business that is definitely GROWING.
At the start of the year SP was 1.27p
Since then we have had fairly major progress:
- LORD WELLESLEY APPOINTMENT (NOT EXPECTED)
- SEMNET COMPLETION (EXPECTED)
- SEMNET PROFITABILITY (NOT EXPECTED)
The one thing probably expected by now that hasn't happened is the completion of Easysend.
Overall, I would say we are in a better position than we were at the start of the year.
Parker - I have my doubts and am invested knowing the risks.
But is this firm's SP correct?
If this was on NASDAQ it would be 10 times as much at least!
Massive, I agree.
They said in the RNS they are profitable. We know that Semnet was making money before and now it is making more.
I believe the reason for the raise was another acquisition that will help get the FCA approval over the line.
The only thing that makes me doubt GST is the current SP and lack of clarity on the GS20 Exchange figures!
Biggest buy signal remains...
LORD WELLESLEY. I doubt he is short of money and you wouldn't expect he'd be working if he didn't think he could add value to a business and make some serious £££.
Kong - I agree with you. It is clear the Coincodex figures are not correct.
But I did like Monday's RNS information on Liminal - I do think that is a big step forward and as they are investing in further technology you would have thought the exchange must be looking promising.
The RNS of the proposed acquisition in November came just over 2 weeks after the RNS of the placing.
If FCA approval was imminent then the company would be mad to place at this level.
So if it is not imminent, then could it be that this placing is to acquire a company that will assist in getting the FCA approval over the line?
These tie ups look really exciting.
https://www.forbesindia.com/article/cryptocurrency/hong-kong-grants-tcsp-license-to-liminals-selfcustody-wallet-platform/84987/1
Https://e27.co/why-liminal-sees-compliance-as-the-way-to-go-for-the-crypto-industry-20230310/
Https://www.ypsilontechnology.com/news
We are not the only firm with a dodgy website...
I'm assuming it's this firm:
https://www.liminalcustody.com/about-us/
Office in Singapore
https://www.coindesk.com/policy/2022/05/31/wallet-firm-liminal-raises-47m-from-elevation-capital-coindcx-sandeep-nailwal-and-others/
Not read every message today been busy. Was out the door at 5am this morning and had a funny feeling something was going to happen today (that said I've felt like that many times before!).
Has anyone put any thought into the big item not mentioned... FCA approval.
Do you think the Q2/Q3 expected timeframe on Easy Send acquisition could also be the expected timeline on FCA approval?
It says something when articles like these are now popping up on my phone:
https://www.ccn.com/news/crypto/us-uk-crypto-stablecoin-reglation-ahead-of-elections/
Come on GST.
Anyone know why there are no trades for the past few hours?
Do you think the share price just has the decimal place in the wrong place like the GS20 exchange?!?
Lloyd - I know you are normally hot on this. Not sure I've seen this before hopefully you can confirm.
Type Angra FX into google. Then click more results from Angrafx.com
Some of the links don't work yet (it comes up with a google 404 error code). I don't think I've seen some of these before and they don't appear on the main website so could be new links coming??? EG 'Importer & Exporter Solutions' and 'Angra Safe Trader'. Below is me copying and pasting the google results. Safe Trader looks interesting?
angrafx.com
https://angrafx.com
Our long-term experience of working with importers and exporters across the world provides a fast, efficient, cost effective service. Angra Ltd. trading as ...
About Us – Angra Fx
angrafx.com
https://angrafx.com › about
We're a dynamic new voice in the forex trading industry. Our global, agile network and international trading platform mean you'll get the best rates and the ...
Contact Us – Angra Fx
angrafx.com
https://angrafx.com › contact-us
info@angrafx.com · +44 207 332 2805 · The Mermaid House, 2 Puddle Dock, Blackfriars, Office 205, London, EC4V 3DB.
Importer & Exporter Solutions – Angra Fx
angrafx.com
https://angrafx.com › importer-exporter
Our long-term experience of 9 years working with importers and exporters across the world is extensive. Our team will look at where we can add significant value ...
COMPLAINTS AND DISPUTE RESOLUTION – Angra Fx
angrafx.com
https://angrafx.com › complaints-and-dispute-resolution
Angra Limited (aka Angrafx) strives to give high-quality service to our customers. It is important for us to know if we do disappoint you.
Angra Safe Trader
angrafx.com
https://angrafx.com › angra-safe-trader
The Angra Safe Trader is a multinational trading platform which meets global regulatory and security standards. There is no need to deal with regulatory bodies, ...
Agree. It has been remarkably stable for a share with this size valuation.
I have a feeling this is finally about to go.