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Glindala was incorp on 27/12/2021 , GST acquired on 19/01/22. what more can I say.
https://okredo.com/en-lt/company/uab-glindala-305964190#Review
I agree with Star, couldnt find any info on Glindala.. or UAB Glindala ... except from pitchbook
https://pitchbook.com/profiles/company/490844-44#funding
Jiffy, alot going on in europe , war, energy crisis and inflation, which makes the currency GPB weaker.. thats not good for anyone thats holding pounds.
Looking at Ukraine situation, basically Ukraine is fighting the WAR for US, why would someone give you free weapon and for what reason?
when I say Russia will be there, it is common sense. Russia is geographically next to CHINA. US is not geographically next to UKRAINE or EU? if **** break loss, worst case scenario, nuclear break out with Russia/China/North Korea, is US going to save themself first? or save NATO? or any parts of the world? there is only so much you can do with anti-ballistic missile (ABM) to take down multiple nuclear weapons going at different nations..
the time we are in now isnt like years ago... those who made it are in the game earlier and had good timing .. now we have other factors around the world and bear market..and timing isnt right so it wont be as easy...
personally im also down alot.. i hope the market will turn around.
13 278 ms 281 ms 285 ms xe-11-2-0.edge1.losangeles6.level3.net [4.68.62.9]
14 * 288 ms 288 ms ae2.3201.ear3.Amsterdam1.level3.net [4.69.203.102]
15 285 ms 288 ms 284 ms ae6.ibrsa0108-01.ams3.bb.godaddy.com [213.19.195.142]
16 284 ms 286 ms 285 ms ae3.ams3-pesa0106-01.bb.gdinf.net [188.121.32.21]
17 283 ms 291 ms 284 ms 188.121.32.115
18 * * * Request timed out.
19 * * * Request timed out.
20 * * * Request timed out.
21 * * * Request timed out.
22 288 ms 284 ms 284 ms ip-160-153-128-8.ip.secureserver.net [160.153.128.8]
Trace complete.
C:\Users\jorde>ping angrafx.com
Pinging angrafx.com [160.153.128.8] with 32 bytes of data:
Reply from 160.153.128.8: bytes=32 time=286ms TTL=47
Reply from 160.153.128.8: bytes=32 time=284ms TTL=47
Reply from 160.153.128.8: bytes=32 time=283ms TTL=47
Reply from 160.153.128.8: bytes=32 time=287ms TTL=47
Ping statistics for 160.153.128.8:
Packets: Sent = 4, Received = 4, Lost = 0 (0% loss),
Approximate round trip times in milli-seconds:
Minimum = 283ms, Maximum = 287ms, Average = 285ms
It is great to see any updates in the current environment, as I have posted articles before I believe the authority review/licensing is much more stringent compare to 2020/2021 period ( can see how many licenses issued in 2020/2021 compare to 2022), additionally there are more awareness and precaution to reduce any risks in the Fintech startup due to other algo stablecoin problems and money flowing. The BOD also gave some confidence that FCIS approval will be granted shortly upon the completion of certain administrative matters by the Lithuanian authorities. so the delay is not related to any uncertainties from the business model or risks.. is just the formality
Interesting read to understand why it is taking a while to get EMI Licensing in Lithuanian Jurisdiction
https://techstory.in/operational-features-of-emi-licensing-in-lithuanian-jurisdiction/
the annual result last year was mid july , hope we get some good news or even data center side of business before the result. The current GST mcap is 18M gbp based on current share price, I dont know how low it can go, even with data center business should be worth more than current level.
lots of article online talks about 2nd half of the year will rebound, hope this is the case.
It appears the EMI authourisation is based on the GST business model and its potential risks . From the flowchart, it says two rounds of assessments (with QnA going back and forth) Third round assessment could happen if first two round has deficiencies, and there is a deadline for third round assessment. and the final decision based on all the assessments and its responses. So we are almost end of June, i wonder where we at ...
While people are waiting for News, I did some digging , based on my research, there are currently total #92 EMI licenses issued by Bank of Lithuania, I did tried to find UAB Glindala, but no luck. I find it interesting to see who is on the list from 1 to 92., as well as how the actual physical certificate looks like issued by Bank of Lithuania.
https://www.lb.lt/en/licences-1?ff=1&type=47
You can apply filter and click into each company profile and discover what exactly the company can do with EMI.