Gstechnologies Share Discussion Threads

[figtree99] 24/8/2022 11:05

Excellent news out this morning by the company.
This is now weeks away from fruition

Bought back in this morning.


(Troll free posting here...)

[figtree99] 24/8/2022 11:03

“TROLL FREE THREAD”

News out: Crypto Exchnage ready for retailers in Q4:

GSTechnologies Ltd
24 August 2022


GSTechnologies Limited

Completion of Acquisition of Lithuanian Crypto Exchange Licence

GSTechnologies Limited (LSE: GST), the fintech and information technology solutions company, is pleased to announce, further to the announcement on 20 January 2002, that the Company has now completed the acquisition of the whole of the issued share capital of UAB Glindala ("Glindala") , a holder of a Crypto Currency Exchange Licence registered in Lithuania.

Glindala's Crypto Currency Exchange Licence is supervised by the Lithuanian Financial Crime Investigation Service ("FCIS") and it covers two types of crypto activities, cryptoasset exchange services, both crypto-fiat and crypto-crypto, and cryptoasset depository wallet services, including generating and storing encrypted client keys. Completion of the acquisition was subject only to the approval of the FCIS which has now been received.

GST plans to utilise Glindala to launch a regulated cryptoasset exchange platform to offer crypto products and GS Money stablecoin settlements to retail and institutional clients. The regulatory permission secured is a significant step forward in GST's stablecoin expansion strategy in Europe.

Following the acquisition of Glindala , GST has entered into an agreement with an exchange infrastructure technology partner to provide the technology and software to run the exchange and integrate it with the Company's other offerings. This is expected to significantly accelerate the timeline to bring the full exchange platform into operation . The Company is targeting the crypto exchange being open for retail and institutional participation in the last quarter of 2022.

In line with its stated strategy, the Company's principal business model for the GS Fintech subsidiaries remains to roll out GS Money based on three initial use-cases: international money transfers, borderless accounts, and private stablecoin. The Company believes the exchange will be a significant enabler for its GS Money stablecoin business and will integrate well with the recently acquired Angra business.

Tone Goh, Chairman of GST, commented : " With the acquisition of Glindala our total addressable market is now much broader and it creates a step change in our combined offerings to our clients. For example, instead of solely relying on costly wire transfers to conduct cross-border trading transactions, Angra's clients will soon be able to pay out and get paid in cryptoassets including Bitcoin, Ethereum, stablecoins, and other digital assets. We look forward to providing further updates in due course as we establish our cryptoasset exchange business and progress the roll out of GS Money."

[dillydally2] 24/8/2022 10:55

Some already selling when they just bought

[hubert18] 24/8/2022 10:53

Aka an “Income Generator platform”

Low overheads with earliest revenues by end of Q4-Q1 a real possibility.

[cahus] 24/8/2022 10:53

We just have to believe in our investment and we will have the final laugh. The reversal is here to stay and back to 2.1p shortly

[dillydally2] 24/8/2022 10:50

This is going to be epic The way mms manipulate folks into thinking this is rising any more is very cleverThey then dump a load of sharesI'm sure they also are low on cash

[dillydally2] 24/8/2022 10:47

Down we slide

[hubert18] 24/8/2022 10:45

Cahus,
£35m val will be history by end of week

Good reaction in a quiet august market is a great sign there is appetite for an crypto exchange.

[dillydally2] 24/8/2022 10:41

No investment case here just a bunch of waffle rns

[dillydally2] 24/8/2022 10:41

1.2p close today as the traders all sellThis is purely a trading stock up then short it down

[dillydally2] 24/8/2022 10:41

Pumpers are vile creatures They need to be caged upThis is what shorters doSlap the pumpers up and put 'em back in their cages

[dillydally2] 24/8/2022 10:34

The rug has gone

[dillydally2] 24/8/2022 10:34

The plug has been pulled

[dillydally2] 24/8/2022 10:34

Shorts ain't having none of your pumping

[dillydally2] 24/8/2022 10:34

Let's take it back to flat

[dillydally2] 24/8/2022 10:34

About to slam

[dillydally2] 24/8/2022 10:33

Ticked dow

[dillydally2] 24/8/2022 10:32

Dnt worry it wnt

[dillydally2] 24/8/2022 10:31

THE BUYING HAS CEASED AS THE PUMPERS MAKE THEIR DESPERATE ATTEMPTS NO ONE IS BUYING ITS DONEITS OVERSHORTS HAVE NOW TAKEN OVER IT WILL TICK DOWN NEXT

[cahus] 24/8/2022 10:31

Let's see if share price doesn't reach 1.80 p at least by Friday 26

[smcl] 24/8/2022 10:29

Dillydally2 = 10 posts in the last 6 minutes! THINK ABOUT IT?

[dillydally2] 24/8/2022 10:28

You can buy millions below ask