Gstechnologies Share Discussion Threads

[wewillwin20] 15/11/2023 18:58

Wouldnt worry about btc rising before someone states boom.Gst isnt linked to btc price

[babbler] 15/11/2023 18:39

One correction however "to keep the lights on" is incorrect...The funds raised from the Placing will be principally used to accelerate the implementation of the Group's GS Money strategy, including potentially via further acquisitions. Further announcements will be made by the Company in due course as appropriate.Next deramp please... Thanks.

[babbler] 15/11/2023 18:37

I'm sure you are just trying to protect new investors here. Kind of you to do so. Maybe create a list of positives and negatives together so you can help "advise" better. :).It didn't quite hit placing price today...aune tomorrow eh? Guess that will depend if they release the promised news or not...

[smackeraim] 15/11/2023 18:27

Bitcoin mooning.Blah blah blah

[pwhite73] 15/11/2023 17:55

Its not blah blah blah its the truth. $4 billion dollars going through their exchange over a 24 hour period and they're raising £875k to keep the lights on.

[smackeraim] 15/11/2023 17:48

Blah blah blah

[pwhite73] 15/11/2023 17:32

GST does not have the money or the economy of scale to enter the global cryptocurrency market. Like so many small cap stocks they can only pretend to be on the road to becoming a digital money business. The only real income they generate is through discount placings. That is the sad truth.

[wewillwin20] 15/11/2023 17:00

Looking at volume now has tailed off and not many want to pay over for this any moreDefo going to sink

[wewillwin20] 15/11/2023 16:31

Out at 1.6pWillBuy back at 1.1-1.2Tomorrow

[firestarter1] 15/11/2023 16:16

Babbler looks like your plan didn't work This was a pump and dump everyone now silent on itIt was the placees who were ramping it to death now done

[babbler] 15/11/2023 15:09

Haw have you got any money left lol.

[1choip] 15/11/2023 15:08

More like a reversal chart.

[firestarter1] 15/11/2023 15:06

Shorted here seems like pump is dead

[bri15] 15/11/2023 12:44

Well didn't manage to get back in under 1.00 :⁠-⁠(
Did manage to get a load just under 1.30 so more than happy, sky the limit with this now :⁠-⁠)

[bina117] 15/11/2023 12:09

Fill your Boots guys this is the next one that will be flying soon after QBT

14 November 2023

GSTechnologies Limited

("GST" or the "Company" or the "Group")

Placing to raise GBP847,000

Corporate Update

GSTechnologies Limited (LSE: GST), the fintech company, announces that the Company has raised gross proceeds of GBP847,000 through a placing (the "Placing") of 77,000,000 shares of no par value in the Company ("Ordinary Shares") at a price of 1.10 pence per share (the "Placing Shares"). The Placing Shares equate to approximately 4.2% of the Company's currently issued share capital.

The funds raised from the Placing will be principally used to accelerate the implementation of the Group's GS Money strategy, including potentially via further acquisitions. Further announcements will be made by the Company in due course as appropriate.

CMC Markets UK Plc ("CMC Markets"), acted as the Company's sole placing agent in respect of the Placing. Brokers wishing to offer their customers access to future CMC Markets transactions, should register their interest here: .

Corporate Update

GST continues to focus on the development and roll-out of its innovative GS Money solutions from the Group's GS20 Exchange and Angra Global businesses.

Following the Company's soft launch of its GS20 Exchange in November 2022, the soft launch has been successful and the development of the GS20 Exchange has progressed in accordance with GST's expectations, with a wider roll-out now being undertaken. There has been a progressive build-up of signed-up users, and the Company are greatly encouraged by the market traction the GS20 Exchange is enjoying. The GS20 Exchange is generating revenue for the Company via trading commissions at varying levels depending on the type and size of transaction undertaken.

Angra Global, which was created following the acquisition of PAYPT Finance Ltd, in Canada, in August 2023, and its merger with the Group's existing Angra business based in London, has been onboarding new customers and is trading in line with the Board's expectations. A proportion of the Placing proceeds will be utilised to progress Angra Global's cryptoasset wallet development and enhancements to its white label e-wallet solution.

[smackeraim] 15/11/2023 11:14

Stop being modest :-)

[babbler] 15/11/2023 11:13

Not always... But in this case yeah.

[smackeraim] 15/11/2023 11:12

Well done Babbs. You always know a winner

[babbler] 15/11/2023 11:10

The funds raised from the Placing will be principally used to accelerate the implementation of the Group's GS Money strategy, including potentially via further acquisitions.

[smraynot] 15/11/2023 11:09

More news in the pipeline hence the hike in share price All good and going to new highs.😊

[babbler] 15/11/2023 11:08

Yup and derampers mostly moved on. Got some at 1.3 today. Lovely stuff.

[smackeraim] 15/11/2023 11:00

Perky. Wonder what this might do if bitcoin decides to get really bullish? interesting times

[1choip] 15/11/2023 08:40

Last conversion sent share price back to 0.6s.

[hope67] 14/11/2023 23:46

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."

[hope67] 14/11/2023 23:44

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.