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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?
Interims have been on the last Tuesday before Christmas the past 2 years.
The main reason for the recent share price hike from circa 0.7p to 1.35p seemed to be the trading volumes that were reported on coincodex.
This came just before the placing at 1.1p.
Would those taking the placing shares have had any other information than us? Which is not a lot?
So while the lack of a further push up is disappointing at least we've still got to this range on the back of not a lot of clear information. Which is a positive, I think?
Hoping for some clarity next week.
Evening All
Based on current exchange volumes on the GS 20 Exchange website. Correct as of 18.15 hrs today. Not the busiest day recently but not a bad day.
£3.67m in trades
@ 0.2% = $7,345 commission
x 365 = $2.68m in revenue
Not to say that we'll get 0.2% commission on every trade and some days are quieter than others.
But also got fees to withdraw to consider which would bolster the revenue.
Got to be a MINIMUM of $2m per annum coming in from the exchange in revenue.
BUT... I'm still not convinced the main webpage volumes are correct. I've still had no response from Investor Relations on my query regarding the live trades or the reason the volumes in November were much higher than now shown on the main webpage.
I'm waiting to be pleasantly surprised in the RNS... tomorrow please! I don't think I can wait until next week!
Biggest disappointment would be no results before Christmas...
BFD - regarding your point about it costing a couple of million to run... Agree the trading software from TradingView won't be cheap so all the more reason why you'd expect the RECENT TRADES section on the site to be from our own exchange?!?
And so the actual trades are far more than shown on the main webpage?
If my hunch is wrong and the GS 20 Exchange main website 24 hour volumes are correct, this is the current volume.
Taking a mean average on the price by the current 24 hour volume:
76.9 bitcoin @ 42,140
729 eth @ 2,257
672,212 XRP @ 0.624
426,393 TRX @ 0.105
3,119,451 COAL @ 0.003
That is $5.36m trading volume in one day. 0.2% commission = $10,722
However, I'm not sure we will be getting 0.2% for bigger clients / bigger trades. It will likely be lower based on other exchanges fee structure. GST's RNS also stated on 14th Nov: "The GS20 Exchange is generating revenue for the Company via trading commissions at varying levels depending on the type and size of transaction undertaken."
AHS - this pails into insignificance in the volume of Bitcoin traded worldwide.
Duke - I'm looking at the recent trades section on the right of the screen.
Still need an explanation as why our 24 hour volume on the main webpage were MUCH higher a few weeks ago!
I am only suggesting that because of the correlation between the checks I have just done (1 bitcoin a minute) and the main page.
I don't understand why we are paying TradingView for the trading page if the volume for our exchange is not correct. What is the point in having a 'RECENT TRADES' section? Surely if TradingView are providing the software for GS 20 it couldn't easily be linked to another site?
ALSO... don't forget the 24 hour volume on GS 20's main webpage was a lot higher w/c 20th November than it has been recently...
Https://gs20.exchange/trade/BTC_USDT
When you open this on a laptop it's the section of the page on the right hand side 'RECENT TRADES'
Afternoon All
Back to my pet subject, GS 20 Exchange volumes.
The recent trades ticker is currently going mad. A few recent spot checks we are looking at 1 bitcoin per minute.
I still don't understand why the recent trades ticker would not be trusted for an exchange that is apparently live, with TradingView supplying their screen. If it is not correct then they need to get is sorted.
I have emailed Investor Relations about this and had no response.
Imagine if the 24 hour volume on the main page is actually 1 hour volume? My 4 spot checks in the past 10 minutes of 1 bitcoin a minute would tally with 60 bitcoin an hour (IF THE TICKER IS CORRECT).
If the ticker is not correct - then why not??? Surely it should be for a decent exchange?
Something that backs up my suspicions is that the COAL volumes are also massively over and there are very few other exchanges that trade this.
I can sense a Friday afternoon push up incoming...
Lloyd - why do you think the "24 volume" on the TradingView on the GS 20 exchange is the liquidity pool?
The 24 hour volume seems to tally with the volume on the bar chart?
And the EURO "24 volume" is only 146,709 - if that was the liquidity pool it would be very low?
On a separate note and as I have said before I am not convinced that the 24 hour volumes on the main webpage are correct and we could be in for a big surprise.
Has anyone had any experience of contacting Investor relations?
Do they ever respond?
I remain to be convinced that the 24 hour volume for bitcoin on GS20's main webpage is correct.
The 'recent trades' ticker for COAL is 43.5m. This is currently frozen so anyone can see it. The frozen period is nearly bang on a 24 hours period. On the main webpage a figure of 35m figure shown for the last 24 hour volume. This is pretty close so I'm thinking the 'recent trades' section on the site should be correct for the COAL volumes.
If the 'recent trades' ticker on the COAL figures are correct why wouldn't they be correct for bitcoin? This could mean the actual 24 hour volumes are a lot higher than shown on the main webpage as the ticker always runs through at decent numbers.
Am I clutching at straws or could we be in for a positive surprise?
Https://www.ft.com/content/cd733a7c-2e74-412f-b234-6f495c118cc6
Https://www.ft.com/content/cd733a7c-2e74-412f-b234-6f495c118cc6
The last 2 interim results have been announced on the Tuesday before Christmas.
If they follow that trend that is 19th December, 2 weeks today... counting down the days!
Lloyd - if the exchange was down yesterday then the 24 hour volume this morning is even more impressive.
It's ticking up by the minute...