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The 30th June RNS was issued intraday. 10.38am.
So I'd say likely to hear straightaway
Lloyd - my point is that if it was extended you would have expected an announcement?
FCA
"We will provide support for 6 months. If you still need support after 6 months, you will need to reapply. Support can be extended on a 3-month incremental basis at our discretion. Any additional requests for support will be considered on a case-by-case basis and must continue to meet our eligibility criteria."
We are over 6 months now. The fact that a 3 month extension hasn't been granted must be a good sign.
While I remain optimistic with the appointment of the Lord and the statement on the recent RNS that the FCA approval is "required" - I think that is a pertinent word... there are a lot of odd things that keep happening. Need some explanation on these please GST BOARD.
1. Coincodex volume episode
2. GS 20 Exchange webpage volumes w/c 20th November
3. Placing at 1.1p shortly after
4. Big seller
5. GS20 exchange 100 times volume issue - very odd
Just back to one of my earlier posts regarding the 24 hour volume on the GS 20 Exchange being 100 times the volume on the main homepage.
This also applies to ETH, XRP & TRX
Interestingly the COAL volume does NOT need to be multiplied by 100. Main webpage volume is 91,603, trading page is 274
This all does just seem a bit odd to me, why a trading screen would not correlate to the main webpage.
There was some debate earlier in the week about how much the website would cost. The company that is supplying the trading page is Trading View - www.tradingview.com
Is it suspended again?
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 think the word "required" is quite pertinent
Lloyd - so the liquidity pool always appears to be 100 times the quoted volume on the homepage?
How bizarre?!?
On the main homepage the percentage change on bitcoin is 0.07%. It should be 7%.
On the main homepage the volume on bitcoin is 75.7
75.7 x $43,207 (average 24 hour price) = $3,270,769
$3,270,769 x 100 = $327,076,900
If you click on 'Explore' drop down bar then 'Exchange' you are taken to the exchange page.
The '24 Volume' ticker is currently at $329m.
As I've taken an average for the bitcoin price it is almost definitely correct that this figure is 100 times more than the figure quoted on the main webpage.
And the 24 hour volume on the GS20 trading view page is still circa 100 times bigger than the volume shown on the main webpage.
And the percentage increase is still on the main webpage is still 100 times smaller than it should be.
How intriguing...
Lloyd - point taken but there is something going on with the exchange figures. Still no explanation of why the figures were a lot higher w/c 23rd November on the main webpage.
Latest RNS:
"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."
If I'd have bought a crypto exchange then "soft launched" it in November 2022 I would be very disappointed if I was only trading 40 odd bitcoin a day over a year later. I wouldn't be saying I was "greatly encouraged" by that.
Happy New Year all.
Perhaps they don't understand decimal places at GS 20 Exchange?
Main webpage states 0.08% change for Bitcoin today. Decimal point is in the wrong place. Current actual change is 7.59%
24 hour volume is 38.415 on the main webpage.
Move the decimal point 2 and you have 3,841.5
3,841.5 x $44,231 (the average price over the past 24 hours) = $169,913,386
That is very, very close to the 24 hour volume on the exchange page that is ticking about $170m.
Someone has made this comparison before, I forget who.
That is if you believe the main webpage volumes...
Current exchange traded volume is $3.8m, taking the average price of coins over the past 24 hours.
I've been tracking the BTC/EUR on the GS 20 website and it appears that the volume bar chart (the one that says Volume (20)) is accurate against the 'RECENT TRADES' rolling ticker.
It's easier to make this comparison on the EUR as there is a lot less volume.
So currently today 62k of volume on the BTC/EUR which sounds plausible.
I could work out the daily average but it looks around 125k on BTC/EUR.
So if the 'RECENT TRADES' is plugging in to the volume bar chart the same would be true for the BTC/USTD. That volume is at 121m today.
I don't know whether this figure is correct, but I still don't have answers from IR when I have asked for clarity.
And why would you be paying TradingView for a RECENT TRADES ticker and a bar graph on volume if they weren't correct.
Could be in for a big surprise...
"the Company are greatly encouraged by the market traction the GS20 Exchange is enjoying"
Need a good day tomorrow or Mrs sunnysideup is not getting her Gucci handbag for Christmas!
I still think we could be in for a pleasant surprise on the GS 20 Exchange volumes...
RNS 14th November:
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.
'GREATLY ENCOURAGED'
It does seem co-incidental that he has just gone under the threshold a few hours ahead of expected results.
But I have no idea of a reason why this would matter?!?
Perhaps EMS is still losing money...
Someone on here had deduced that he was selling previously.
What does the timing of this mean? After hours just before interims, if they are tomorrow as expected?