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Why would the company not be marketing the GS20 Exchange?
Any reason to keep it under the radar while the FCA process plays out?
It is intended that Lord Wellesley will be appointed Chief Executive Officer of Angra Limited in due course, assuming receipt of the required UK Financial Conduct Authority (FCA) approval.
I LOVE THE WORD THEY USED... "REQUIRED".
AHS - I agree.
Unlikely they would have placed for Semnet acquisition if FCA approval was going to happen without it.
Step 1 is Semnet completion...
.... that we are one day closer to a RNS than we were yesterday...
Patience is a virtue...
I have a feeling....
RESPONSE FROM IR REGARDING THE DOWNTIME ON THE EXCHANGE:
"The GS Exchange is live and any website issues were only due to scheduled upgrades of exchange APIs and custody and wallet technology. I have recommended they notify users in advance of any future planned website down time"
Marma - a good spot that unfortunately was swamped by other posters bickering.
What do we know so far this year?
1. Lord Wellesley has been appointed
2. GSend website updated
3. GS20 website is quicker
4. Seller looks like he's out or nearly out
5. 6 month pathway is probably finished.
News is 99% guaranteed in February...
The website has definitely been updated. It is so much faster now, clicking between different options and between US and EUR is almost instantaneous now.
GST RNS:
Further to our RNS of 4th January we are now having to let Lord Wellesley go as we couldn't get FCA approval as we had hoped.
Is this what people are really expecting?
Do me a favour.
It's going to happen, people just need some patience.
There is some logic to support Semnet acquisition being a requirement for FCA approval.
The placing at 1.1p was in part to fund the acquisition of Semnet.
With FCA approval the SP will rocket.
If FCA approval was imminent without Semnet then it would have made sense not to do a placing at 1.1p but wait until FCA approval.
Still no answer to my original question regarding exchange volume queries I raised at the start of December.
Latest from IR:
"Waiting for a full response, including on the latest question re the GS Exchange and availability of the website. I will revert as soon as I have an answer."
AHS - that logo has been there for a while.
What would make sense is for all the websites to be linked?
Isn't that a key part of the business model?
"the Company are greatly encouraged by the market traction the GS20 Exchange is enjoying"
GREATLY ENCOURAGED...
Going back to the 100 times issue AGAIN (SORRY!) it is all the more odd as a lot of the other TradingView websites don't have this issue.
If I was paying TradingView for an exchange page I'd at least expect them to get the decimal point in the correct place for percentage changes - let alone trading volumes...
Just imagine...
GS 20 exchange page comes back online and they have corrected the 100 times errors on the main webpage...
Volume in the hundreds of millions....
You never know!
To add:
1. Continued uncertainty over GS 20 Exchange volumes. Why can't we just have some confirmation?
2. Big seller
Biggest positive is the appointment of the Lord. He would not be putting his good name to a firm that isn't going places. This is a massive buy signal in my eyes.
It's happening next week. I'm as sure of it as I was last week and the week before...
For all the positives and negatives on GST. Yes AHS... there are some doubts. BUT... There is one thing for sure.
Lord Wellesley is no mug and wouldn't have taken the job if we were not going places. FULL STOP. END OF. That is the biggest buy signal you are ever going to get.
I just said there could be some truth in it.
When I was chasing up for a response to an earlier email this is the response I got:
"Please blame me. Unfortunately I have been unexpectedly out of the office... "
"I will follow up with the team in Singapore and will revert ASAP."
He did give me reasons why he was out of the office but those are not for me to share and wouldn't be something anyone would lie about.
While I agree if ground-breaking information was available then it would have to be released, however it is also true that for a small company like GST the specific individual who is dealing with their IR account would be very involved and would they would probably want them to be involved in their information release.
Who knows!
Based on the email I received from IFC Advisory last week there could be some truth in the message Cardinal put at 09.30 hrs.
Whether or not that would be enough to change announcement dates by GST is another matter.