Gstechnologies Share Discussion Threads

[bmwman3] 14/11/2023 20:23

Featured again on today's podcastToday 19:53Https://twitter.com/TheHiveTeams/status/1724134803203600474?t=PWxMjcQ4J_kEUDUtkcbIuQ&s=19

[bmwman3] 14/11/2023 18:39

Rumours you hit the nail on the head it's like he said she said it was all blown out of proportion people got too excited too quick and posters and def trolls like wewiiwin and firestarter spread lies and misinformation now if you want to place yourself In That category that's up to you!

[babbler] 14/11/2023 18:29

"The FCA rejected..."Yes the first iteration was rejected. They are still in talks and have the FCA guiding them to get it approved."Under the FCA Innovation Pathway programme, the Company will be provided with a dedicated FCA case officer, with a comprehensive range of support services, designed to assist GST to further develop the appropriate path for the progression of its stablecoin plans. This may involve a future Regulatory Sandbox application or preparation for regulatory authorisation without the need for supervised testing"Therefore, we are very pleased to have been offered a place on their Innovations Pathway programme. This opportunity will enable GST to benefit further from the guidance of the FCA and I would like to thank them for their assistance and feedback through the application process. We do not view this as a setback in any way, but rather as an alternative and appropriate pathway offered by the FCA. Keep advising...without the positives to go with your negative slant.

[babbler] 14/11/2023 18:25

There were plenty of chances to sell IF you wanted to close to 2p.

[babbler] 14/11/2023 18:23

(after your article was released)

[babbler] 14/11/2023 18:23

"most would be holding above today's closing price".I doubt "most" would be. Those who bought the spike to 2p probably panic sold on the way down.

[petersmith6] 14/11/2023 18:13

OK.. here's a thought.. they are making 0.2 % commission but the payment is in the tokens. So yes the have mane 8 million but it's all in bitcoin etc.. to they need the change this in to cold hard cash..if there being payed Eling etf then they might be waiting for bitcoins to go up before cashing some in..

[pwhite73] 14/11/2023 18:02

bmwmand3 - Some posters have years of experience and explain to others with lesser experience what's going on. GST deliberately remained silent when the shares went up nearly 200% on rumours they were generating revenue of £8 million per day at the high point due to their GS20 exchange having gone live. Now that the placing is out of the way at 1.15p they still have not confirmed what the revenues for GS20 are only to state they are gaining traction. Well traction can be from 1p to £1 that's a 100 fold traction.

I would hazard a guess that revenues are next zero and the GS20 exchange based in Lithuania are not part of their long term programme. Indeed in the Annual Results they advise GS20 is not a pure exchange as such.

RNS 31/07/23 - "The GS20 Exchange is offering spot trading and over-the-counter trading desk services for popular cryptoassets, although it is not a pure cryptocurrency exchange, so users will see greater technology integration with regulated stablecoins as well as the introduction of more convenient onramp and offramp services for those stablecoins in due course."

The problem here is that the FCA has rejected GST's stablecoins so the only crypto assets they are trading is your standard bitcoin etc. But who would want to be on their exchange with only 10 customers when Binance has 30 million.

People like me are advisors not trolls.

[bmwman3] 14/11/2023 18:00

Today removed the cash uncertainties so big step forward

[bmwman3] 14/11/2023 17:35

Doesn't take away from the fact that your an unwanted no good troll shister SPIV

[wewillwin20] 14/11/2023 17:17

Knew a placing would comeBut that forward selling of 77m isnt alotMay see some tr1s soonI got in at 1.20Lets see how high it goes

[pwhite73] 14/11/2023 16:48

Babbler - "Most should be riding free here"

That's not how the market works. The stock rose up sharply in the belief $4B was passing through GS20 everyday and most would be holding above the today's closing price. At this end of the market at any given time most investors are nursing losses. When the shares peaked at 2p you would not have been able to sell.

[babbler] 14/11/2023 16:13

As I said... You have your opinion and that's fine. Most should be riding free here by now unless they chased it at above 2 the other day. Company is revenue generating (2m without this news). They got rid of their loss making part. They are investing in growth. They have a lot more news to come.

[pwhite73] 14/11/2023 15:54

Babbler - "Oh dear it's gone positive.shame.."

Its gone positive for now as those that were buying much higher in the belief £2 million of revenue was being generated per day average down. The company has not confirmed these figures and if true they would certainly not be doing a placing raising £875k. The trading volume and the rampers on LSE will reduce sharply over the coming days before the share price settles at just below the placing price.

[hope67] 14/11/2023 15:34

Cashed up and revenue generating will be interesting to see what other acquisitions they do. White label wallet look interesting.

[babbler] 14/11/2023 15:20

Oh dear it's gone positive.shame..

[babbler] 14/11/2023 15:04

Yes. And the next rns said they are being guided by the FCA to get it through approval. You said 1 quid is revenue. They had 2m.

[pwhite73] 14/11/2023 15:02

GST advised shareholders that their stablecoin had failed to meet FCA regulatory requirements. The reality is there is no regulatory requirements at the moment. The Treasury has brought stablecoins under the control of the Bank of England and the FCA. The whole process is up in the air and there is unlikely to be any decision until mid to late next year. Furthermore being offered a place on the FCA innovation pathways is not a sign of the quality of a financial product its open any company at any stage.



"We accept applications from firms of any size, at any stage of development and from all sectors of financial services. You don’t need to be ready to launch (or nearly ready to launch) to qualify for our support. We can help firms at any stage of development, from the idea stage onwards – provided they meet our criteria."



"We want your feedback to help us develop our approach to regulating fiat-backed stablecoins."

Treat anything this company tells you with caution.

[babbler] 14/11/2023 14:42

revenue for the 12-months ended 31 March 2023 to US$2.27 million

[babbler] 14/11/2023 14:28

Under the FCA Innovation Pathway programme, the Company will be provided with a dedicated FCA case officer, with a comprehensive range of support services, designed to assist GST to further develop the appropriate path for the progression of its stablecoin plans. This may involve a future Regulatory Sandbox application or preparation for regulatory authorisation without the need for supervised testing.

[babbler] 14/11/2023 14:27

Read the 16th June rns.

[pwhite73] 14/11/2023 14:24

Babbler - "Funded now for the next launch and eventually FCA approval."

FCA approval for what?

[bmwman3] 14/11/2023 14:23

Nothing to fear here now then!

[babbler] 14/11/2023 14:21

Tough luck shorters it's going positive soon. Ah well. There's always vast to short lol.