Member Info for Super_Mouse

They've stolen 15% from holders to put into reserve as their results are going to dissapoint and won't be able to raise in a few weeks.

So why are they putting their revenue into the BTC Treasury like a normal company would?

It's because there is very little. Tone Loc, putting in £40k is piffle. It's all smoke a mirrors.

They are using the UK market like an ATM, thankfully for them there is an unlimited stream of suckers willing to help them become millionaires

They only bought 1 BTC (£100k) . It was a token gesture to try a pump the SP pre-placing

Rampers struggling to justify this now.

It's becoming so diluted now, this company would have to be making £30-50m a year to by at 5p.

Yet, now it's still raising just to hold money in reserve. They also keep memory holing things they have previously announced. This need investigating urgently.

Since when do you do a placing to.hols money in reserve?

This company gets more dodgy by the day

This is not a serious company. Get out.

Cleary making next to nothing from their operation. No Semnet updates and now real news for months

Feel sorry for the schmucks who bought in on yesterday's silly hype.

Unless they release more news very soon then a whole lot of folks will regret getting caugbt in the hype of this RNS by about 09.30 today.

If you are keen, wait until the inevitable cool off and buy much lower.

Typical lack of numbers and detail in the RNS today is concerning.

The more you read the RNS the more pointless to investors it becomes

Without knowing what the cash reserve is and what percentage they are planning to comvert to BTC, then the more useless to investors this announcement is.

It feels this was a panic / lipservice RNS to stem the drop .

In short, they appear to have introduced a moving risk into a business model that they didn't need to, just because it's the subject du jour.

They ain't Morgan Stanley or Blackrock and a BTC crash could seriously affect them

If only the market knew was the 'cash reserve' actually is.

Just remember too, when BTC tanks , so does the company reserve.

Yep, this accounting move will bizarrely male the SP gp up today until BTC carps the bed again and holders realise the company needs to raise again to.prop the loss. All that glitters...

Why, in fact I think they could have introduced a significant risk factor into the company valuation.

BTC is overty volatile compared to.cash.

This feels lile news for news sake.

What's the betting that, like all GST endevours, Semnet won't have quite hit the regualtory requirements for complaince ?

Seems to have gone awfully quite like the FCA nothing burger

Consider the fact rhey've delivered nothing, I'd suggest that any appointments made have been with folks who have 'other income' streams.

What you will see is people distancing themselves from the board very quickly to ensure that any scruffiness that will no doubt happen in the post collapse review doesn't affect theie careers.

The whole thing has been a facade

Just how lomg will AZ be allowed to cut and paste the same RNS before the FCA are forced to pull the plug?

If this wasn't suspended it would be worth less than zero

End of days.

Seems like GST have one of those BoDs who like to 'memory hole' stuff that hasn't worked out and hope their holders suffer from quartley amnesia .

Even when they do release an RNS, it's just an augmented re-hash of old stuff

Problem is, when they do get 'chatty' with the market, you just know a placing is not far away.

Robert. Thanks for putting your IQ in your profile name

BS

Why couldnt he borrow against the worth of this amazing historic package?

Answer, they are worth nowhere near what people think.

You've all been had.

LOL - All those who lampooned me saying they had enough money.

LoL - Same old scam