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Thank you Goldminer21
contact initially by private message here:
https://www.facebook.com/findmyhappyplace/?epa=SEARCH_BOX
Does anyone have a contact for the Facebook Lawsuit organiser, I’m not on FB so not sure who it is? Thanks in advance.
Probably most PI's who have lost money here remember it well and it still burns in our brains - the lies and bullshit from both Pottinger and Chong til the very very last. Bastards!... but I'll take it all back if Chong announces a JV with Tencent and re-listing in the coming months, but very unlikley IMO.
Who remembers the most recent proactive interview that was swiftly removed? where pottinger and Chong were like excited kids over the wechat/tencent deal???... unbelievable...I hold onto hope that there are some good people left at mysquar who can Salvage something?? Or is everyone corrupt in this market? to many brown envelopes probally? to mAny people turning a blind eye? and your average shareholder will just be wiped out, so disheartened by all this. I truly hope those that have committed fraud/theft/deceit face some heavy handed justice. Gla
I did see the TW presentation and I believed him. I remember making a big song and a dance about it, warning people to be careful. However, the subsequent interviews that we saw led me to think that things were and had improved now that Chong was on board. We have said it before, but we can only go by the information that was coming out of MYSQ in order to make our own judgements and what we heard from Schaer turned out to be a fabrication of the truth, which I find disgraceful. The Proactive TV interview that was pulled in which Chong and Pottinger were making out that everything was moving in the right direction and that we'd have a new CEO in place by January 1st was also false information.
So, who were we supposed to believe? TW or our own CEO and team? I had to go by the information that was released by MYSQ and hence why like many others, I thought we stood a chance....a really good chance of making a go at it given our emerging market and the various remittance channels opening-up....not to mention the WeChat deal with no other than Tencent.
It seems likely that we won't see any of our money back. Read the RNS that was posted on the Investor page last week. The BOD still hasn't been paid and there is around 32 skeleton staff remaining that I suspect also haven't been paid. It seems likely that they will stay operational right up until the point where they run out of money completely and not before they pay themselves off with any revenue that is generated.
The only way we are likely to get any money back is through a law suit and that will require more money to bring those that have offended to justice. I haven't got any spare cash left to throw at this so I guess people will make their own decisions as to what they are going to do - especially those that have lost hundreds or thousands of pounds or even tens of thousands. My loss is 6 grand so not as bad as some but nevertheless represents quite a sizeable investment for me.
in his presentation last year in March (on Youtube), which I only saw in late October, he spouted info at an indepth level about the fraud unfolding at Mysquar, so he called this one 100% right. Only wish I had seen it earlier!
because he had no facts a the time... at best he got lucky here or he had insider info... which is it?
Anybody looking to tw as a savior is a fool!
not too late if they press hard on the missing funds and the company is saved.
yes, but about 18 months too late. TW reported Mysqaur to the authorities a long time ago but nothing was done.
the AIM investigation has to be a positive move in my opinion
There seems only one real hope T7 - Chong to secure an investor in a JV, put the business back on its feet and re-list on AIM (where is Tencent??). If that doesn't happen then the only other way we could see value back is legal action of some form which could take years.
Quite the nightmare however as long as mysquar remains in operation there is hope, mingalarbar and games still very active, would be fantastic to see mysquar being able to release the two games they are holding back. Gla
Interesting that the report says "MySquar has reportedly begun legal proceedings" - Mr. Chong has a duty to tell us about that but yet again he has failed.
What an F-ing nightmare.
Anybody had any updates????
Just talking about this on a board is going nowhere for you guys. Clearly those in the company are doing bugger all about anything.
Why not forward a report to British police, the Met, who have good links with Hong Kong/Singapore, etc. Is that not at least worth a shot? Theft from British investors.
petham - at some point Schaer will be found in a den of iniquity somewhere - no doubt about that - and at that point he needs to be persuaded to transfer funds in the account of a trusted UK based lawyer appointed by our FB group, for distribution back to PI's. This sounds crazy, I know, but why not?
Schaer himself chose a direct method to transfer shareholders money into his private accounts, so I'm sure he could be persauded to transfer it back to us, while under lock and key in a Singapore jail.
Not sure what to believe anymore very dejecting this sorry state of affairs... happy to send some wands and top hats to Chong/board to help them preform some magic :). Gla
T7, if the 6 -7 millions users is true then surely Chong can do some magic and get a JV with Tencent, since the WeChat deal is still alive?
As much as I would like to see justice against those that have done wrong, think mysq are doing the right thing as funds are critically low their priority is to keep the company operating and funded that means focusing their time, money and resources on mysquar...Hopefully names of the suspects/guilty have been passed to the relevant authorities?... I refuse to give up hope on the company and on those that did wrong facing punishment ( some good old fashioned justice would be nice ;). Anyway gla
.......................wow.
Themselves can’t be bothered to go after Eric when it’s a obvious case of theft, what chance have we got over here in the U.K.?
well done petham, good work!
I asked Mysquar investor relations if they had reported Eric to the Singapore police and I got no answer - deplorable!
Although I'm waiting to see what the FB group does, I've reported Eric to the fraud department at Singapore and my friend who owns a factory there will use his private detective in the near future but for now I suspect eric is not in Singapore or the US. Also I think his family should be leveraged to help find him. I've only lost £20k so it's only worth spending so much time on.
police.gov.sg/e-services/report/police-report