New Risk • May 10
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 188% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Shareholders have been substantially diluted in the past year (188% increase in shares outstanding). Market cap is less than US$10m (₪19.5m market cap, or US$6.73m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-₪15k). Revenue is less than US$5m (₪6.2m revenue, or US$2.2m). Board Change • Apr 29
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman Shlomo Topaz is the most experienced director on the board, commencing their role in 2018. Independent External Director Yigal Fatran was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Mar 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₪510k free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₪6.96m market cap, or US$2.24m). Minor Risk Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Announcement • Oct 27
Global Pay (P.C.S) Ltd, Annual General Meeting, Nov 30, 2025 Global Pay (P.C.S) Ltd, Annual General Meeting, Nov 30, 2025. Location: pearl law offices, Israel Board Change • Oct 10
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Chairman Shlomo Topaz is the most experienced director on the board, commencing their role in 2018. Independent External Director Yigal Fatran was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Oct 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Israeli stocks, typically moving 9.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₪510k free cash flow). Share price has been highly volatile over the past 3 months (9.1% average weekly change). Earnings have declined by 22% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₪4.62m market cap, or US$1.42m). New Risk • Apr 17
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). Negative equity (-₪3.9m). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₪4.25m market cap, or US$1.15m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₪750k free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-₪3.9m). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₪4.25m market cap, or US$1.16m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Nir Assido was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Mar 18
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₪1.0m free cash flow). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Earnings have declined by 70% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₪10.1m market cap, or US$2.76m). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Chairman of the Board Shuki Abramovich was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Is New 90 Day High Low • Jan 26
New 90-day high: ₪4.05 The company is up 731% from its price of ₪0.49 on 28 October 2020. The Israeli market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 9.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: ₪2.16 The company is up 344% from its price of ₪0.49 on 08 October 2020. The Israeli market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: ₪1.64 The company is up 209% from its price of ₪0.53 on 10 September 2020. The Israeli market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 7.0% over the same period. Is New 90 Day High Low • Nov 25
New 90-day high: ₪0.67 The company is up 14% from its price of ₪0.59 on 27 August 2020. The Israeli market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 12% over the same period. Announcement • Sep 22
Avner Arazi cancelled the acquisition of 47.5% stake in W.T.P. Israel (Waste to Products) Ltd (TASE:WTPI) from Amir Bramly for free. Avner Arazi agreed to acquire 47.5% stake in W.T.P. Israel (Waste to Products) Ltd (TASE:WTPI) from Amir Bramly for free on October 12, 2015.
Avner Arazi cancelled the acquisition of 47.5% stake in W.T.P. Israel (Waste to Products) Ltd (TASE:WTPI) from Amir Bramly on October 12, 2015. Announcement • Sep 11
Galileo Tech Ltd (TASE:GLTC) agreed to acquire Bright Innovations Co. Galileo Tech Ltd (TASE:GLTC) agreed to acquire Bright Innovations Co. on September 2, 2020. Under the terms of the transaction, Galileo Tech will acquire Bright for a staggered consideration. First, in exchange for the full acquisition of Bright’s share capital and assets, Galileo Tech will allocate 5% of its shares to Bright’s shareholders. It will then allocate non-negotiable warrants that can be exercised to 5% of Galileo Tech’s share capital (capitalized at the time of allotment) at a share price of ILS 60, and their exercise is subject to filing a patent, within 12 months. In addition, Bright’s shareholders will be allotted 3% of Galileo Tech’s share capital (capitalized at the time of allotment) at an exercise price of ILS 2 per Galileo Tech share, for a period of up to 12 months, reflecting a value of approximately ILS 50 million. 
