Member Info for Super_Mouse

‘Proposed Valuation’ FFS

Anyone remember SYME ‘Proposed valuation of £200m’

It’s ’down here’ for a reason. It’s not just ‘tremendous value’, it’s also a ‘tremendous risk’

Think you’ll find a lot of these acquisitions they’ve paid for and announced over the last few years will quietly disappear in the near future. They are winding this all down.

If they had positive financials they would have spun them into that dumpster fire RNS last week to soften they blow.

Now they have missed a self imposed deadline .

Things clearly not going well

Billy - Those guys sold Jack a car and it took him over a year to realise it didn’t have an engine in it.

The fact the former owners are going hard in legally in defence isn’t a great sign. If the judge kicks it out and orders them to go back to arbitration or even just throws it out then it’s wipe out here. This week could be a white knuckle ride.

Interesting little Crypto Tax snippet

https://share.google/hy5IZi381daaq37ra

The BoD have done more damage to this stock than Chaebol could ever dream of.

If he’s done anything that maybe he’s made people think a little harder rather than just throw money at ramps

Chaebol - Even then, they rarely make snappy moves on crypto do they. Add another year into that timeline at least.

By then the whole market could have done a 180.

Investing is risky but huge unknowns like that make this univestible. Never invest into a political decision

To put it simply, this company won’t last long enough and can’t wait the time it will take for Poland’s political factions to get its act together.

GST has a few short months at best before Jack pulls the plug. I’d imagine he’s considering it now. Whenever a company puts out a short sharp stinker like the last RNS. It’s normally a sign

A plan so brilliant that neither Jack or any of the BoD or close Friends in the know are buying in.

Never credit BoDs with strategic planning

Poland is about the worst place for a company that has failed to impress regulators multiples times.

Chances of a license are slim but also Poland’s crypto legitimacy is way behind others. It’s practically meaningless

Looks like BTC is about to take a considerable bath.

That pretty much sums £1m down here from the BTC Treasury purchase.

Having an II normally ensures that there is a degree of protection for the private investor as the BoD have to be a bit more transparent but the fact that most of the shares are owned by the usual put upon retail investors and only 20% owned by BoD (and their wife) then they can pretty much do what they want.

Also, being half way round the world with no public addresses helps. This is where the FCA needs to up their game. Not the first time singaporean Fintech has ripped people in the UK off.

Makes me wonder if this is deliberate.

They do. It’s Jack Bai’s cousin.

Clearly providing the regulators zero assurance .

As with Semnet, keep it in the family.

Oh dear, someone has bought in and not done any research.

To the lions with you sire

There is clearly something multiple regulatory bodies don't like about GST.

In a period where countries are striving towards creating Crypto legitimacy, they must be seeing something in GST set-up they don't like. Maybe it's the fact their registered HQ is in one continent and operations in another and the BoD are not very transparent about where they are. Lord Welly's appoint was obviously a blatant attempt to create some UK legitimacy before/during the FCA application. Likewise, last minute set-up in Lithuania to appease their domain requirements. But the Regulators saw right through it. But is there more, we are not being told.

If GST / Bai really wanted this they would move their registered office from Perth, Australia. They would promote a connected and respected European to the BoD (not NED), they would make themselves considerably more transparent. But they don't seem willing. I wonder why?

Keep hearing about these Multiple streams/pillars. Where?

There’s Angra and that’s debatable if that is making profit and then you have Semnet which is currently and potentially a huge cost centre.

Revolut’s BoD

Board Members

Martin Gilbert (Chair): Co-founder of Aberdeen Asset Management.

Nik Storonsky (CEO/Co-founder): Former trader at Credit Suisse and Lehman Brothers.

Vlad Yatsenko (CTO/Co-founder): Leads technology development.

GST Bod

Jack Bai - Head of Trotter’s International Trading (Asia)

Tone Goh - Singapore Businessman

Shayne Tan - Computers , no significant post

Lord Squiffy - Same hair dresser as Jack Bai

Compaing GST with Revolut shows how naive some investors are.

Revolut had serious money and influence behind them. GST have been a day late and a dollar short every single time.

None of the BoD come from a banking background.