Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Subsequently, the Company and its bond holder have been approached by a potential trade purchaser of the Company’s trading subsidiaries. The consideration on such a transaction, if completed, would be unlikely to meet in full the liabilities of the Company with no residual value available for distribution to the Company’s shareholders at this time.
Schaer is probably lining up his next fraud scheme - greedy bastards always come back for more.
Thank you for your emails. At this time the Company has done everything within its means in regards to the investigation. As litigation can be costly and drawn out, it may not be the best use of limited funds at this time. The priority is to stabilise the Company and operations.
An update about the Company has now been posted to the website
On Mysquar web site. And looks like no criminal action for now as to costly as per their email to me. So it’s done. There is no upside! And crime really does pay !!!
Pottinger and Chong both lied - again - to investors on 23rd October, and now its all over.
Lets hope Schaer is apprehended by Singapore police securities fraud detectives and that investors can mount legal action against the Nomad.
Utter disgrace.
No its not looking good is it. No funding and it's all over by the looks of it. Painted as rosey right up until suspension. Shocking. If they go under we need to stick together to fight this somehow.
Trading update
Not looking good.
Best to email Mysquar Investor relations ..... ir@mysquar.com
put pressure on them to give us an update over 1 month after delisting.
Cmon MYSQ I think you owe it to use as shareholders to give us an update on where my money is? Its seems very strange how the brokers also think its not there duty to advise shareholders either but keep investing ....strange...
The optimistic side of me is hoping there is a rescue package or takeover deal going on in the background, which would explain the lack of news and response to emails for now.
The pessimistic side of me thinks that they have decided to stop responding to emails and providing updates in the hope we will all give up the ghost and fade away into the night.
It is my intention to continue emailing them until i receive a satisfactory response. GLA
lack of communication from Mr. Chong and Investor relations - over one month after de-lisiting, and nothing.
Good to see it T7, but Mr. Chong needs to tell us what the hell he is doing about it.
T7, remember that Chong spoke with Pottinger on the October 23rd proactive investors vid, since deleted, and as COO, Chong ommitted critical information about Mysquars problems and on the same day as Eric dumped the shares of MyPay on the market. This is the same as lying. They told us on that day how rosy the future of Mysquar was, and I for one chose not to sell my shares but to remain steadfast.
would be most disheartened if Chong was in on any wrong doings as well...surely there are some morally just board members working in the interest of the company it’s employees and the shareholders??... after all that’s gone on a best outcome would be to see the company find its feet and progress with those who have done wrong facing justice ...whether mysquar just goes bust or could potentially relist on a exchange or be acquired by another company must be a few possibilities how this could play out... would be good to get a update and find out what the remaining boards intentions are for the company good or bad. Gla
Petham - I am - but I'll not waste my time going to that very creepy looking house at the north of the island which, laughably, is the head office of Rising Dragon Singapore Ltd. With several millions of stolen loot, our money, it would be mad of me to think that Eric will be sitting there waiting for the door to knock.
I would prefer instead to get an udate from Stephen Chong to confirm that Eric has been reported to the Singapore police securities fraud squad for apprehension and questioning. Unfortunately Chong has let us down again by way of no update since de-listing, and it really looks like Chong is in on the fraud. Maybe I'll go to see Chong himself.
I think you may be right there.goldminer21..... are you still going to Singapore?
I expect someone will beat your freind to it, and they'll be extracting Eric balls first and then the finance extraction.
Still watching, I hope that they make a success of the current efforts, but, in reality for the shareholders the best outcome is for it to go bust, then at least we could offset our loses against tax.
I'm still here but in the absence of facts there's not much point in posting or reading. I'm waiting to see what comes of the f/b group and or the visit to singapore but the company is still running and I want it to succeed.
I have a friend in Singapore that thinks if all else fails he could arrange finance extraction from Erics assets but I don't know how!
I've chased Mysquar Investor relations this morning to say that we've had no update from Mr. Chong since suspension on AIM on 7th December 2018, which is very poor. Will feedback any response I get back from them.
Taurus - Im still checking the BB and website every now and then but theres nothing to say. I personally dont think we will see our money again. It has been a complete disgrace how the shareholders have been treated. Im fuming actually! We have blatantly been robbed and theres f$%k all we can do about it.
I was wondering where some of the usual people were too. Aliaspc, Magoo, McSqaures. I'd be interested to hear what they all think about this situation. I'm also interested to hear what our resident derampers have to say too. Balanced opinions are always good IMO.
Chris2p, Destitute and Gadzuric. My brother STZ....I know what he thinks and it's unrepeatable on this bb.
Mingalarbar and games still operating. The live streaming of games seems popular..... wonder where all the mysquar investors?/cheerleaders ;) have gone? Aliaspc mcsquares Arkey roy29 dshox aimtraderx dan-de-lion petham nextriser dinerios mr magoo31 etc etc... until we here otherwise mysq still operating we are still shareholders :)
If Eric sees this then he’ll no doubt start up a new company called Mysquarfraud2.com, IPO it on AIM, promising Treeeeeeeeemendous shareholder value, then steal investors money on day one of Market launch, and supported by a corrupt nomad from somewhere and tacitly support by failed AIM regulation.