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1000% who knows! But I see huge upside here if 100% of Cambay returned. The company have already stated:- The transfer of GSPC's interest in Cambay would greatly assist the Company in strategic farm-in discussions with third parties. The Company has received several informal expressions of interest from parties to participate in the ongoing work programme and looks forward to updating the market when appropriate. www.Twitter.com/AimTraderX
Massive buy at this level now! AlignResearch have given target of 1.3p on project farmed out! Thats a huge multibag opportunity of 600%.....and one trading date left after today to get a position! www.Twitter.com/AimTraderX
This coming Monday! Time running out for bankrupt GSPC! 100% of Cambay being returned with JV partners already lined up this potential to multibag is very possible! Largest shareholder thinks so as they have increased holding!
Very odd when they have suspended the past 3 occasions before the market has opened. The company has remained very confident this will be resolved in their favour and with the largest shareholder increasing their holding this is very positive imo. Could well be an agreement out of court. Sit tight as all will be revealed very soon! www.Twitter.com/AimTraderX
It’s code for 3.87p tomorrow when Oilex get 100% of Cambay lol The nervous will sell out today and the brave will hold. That’s the beauty of suspension it’s all or nothing! The company are confident, the largest shareholder is confident as they have increased holding. All to play for here if you are one of the brave ones! www.Twitter.com/AimTraderX
Court case tomorrow. If resolved huge huge huge huge upside for Oilex! 100% of Cambay with JV will be huge! Risk v Reward AlignResearch are firmly behind a material re-rating when court case is resolved. You will be locked out in the morning that’s for sure! www.Twitter.com/AimTraderX
Ask yourself one question............ Has the company EVER been in a better position than this? If the answer if no, and we are at our lowest point in terms of SP the upside is enormous! www.Twitter.com/AimTraderX
Could multibag at these levels with news of Eric going alone! Lol. Throw in 74% revenue increase, Links with Tencent increasing and confirmed, money platform and mobile licence coming very soon oh and the small matter of 22+ million users! This is going up in a very big way! Momo here we come! www.Twitter.com/AimTraderX
Spent a lot of time posting on MYSQ potential over the weekend! Links with Tencent are increasing all the time. Superb news we are advertising WeChat in Myanmar which proves Tencent want a piece of this market via ourselves. Didn’t see Eric going to be fair but a lot of investors were ant Eric so more positive news. This will be big today for sure! Tencent will be all over this very soon! Platform and licence hold the key for the JV or takeover. I predicted 1.4p close of play today will be interesting to see where we finish. 74% revenue increase, money platform coming, mobile licence coming, links with Tencent increasing, Eric gone, 22+ million users.......the future is huge! www.Twitter.com/AimTraderX
‘The Board has been working hard to deliver new revenue lines and looks forward to providing further updates to shareholders in the near term’ NEAR term and UPDATES! A bucket load of good news is going to bestow us very soon! I can only see massive upside going forward! www.Twitter.com/AimTraderX
I think the SP at 1p has already factored in the additional costs. What it hasn’t factored in the substantial rise in revenue and the cash available of 2m and it certainly hasn’t factored in money platform or the mobile licence. Can only see upside from 1p in all honesty. I think Eric is about to play a blinder! RNS wasn’t released by accident at 4.30pm on Friday! I am expecting a stonker of a RNS being released that will blow this out of the water. 74% increase in revenue is big but monetising 20+ million will be huge and platform launch is due! www.Twitter.com/AimTraderX
The market will look at it two ways:-
Firstly, they will either react to the news of loses for the financial year and drop the price accordingly.
Secondly, they will see the year on year growth in revenue and 74% is a very decent increase by any standards. They will realise the increased loses are due to the acquisition of MyPay and factor in a company needs to spend to grow in areas with revenue making potential.
Personally, I think the market will react positively to the news of excellent continued revenue growth. They will have had time to digest the news and will realise the potential here. They will also know the platform news and licence application are transformational for the company and not far off being announced. The SP at these current levels has already factored in any poor results in my opinion and I can only see the SP heading in a positive direction on Monday with far better news to come that will actually increase revenue massively moving forward.
www.Twitter.com/AimTraderX
Only 3 mobile licences have been issued by Central Bank of Myanmar. They are like Gold dust! If the application is accepted and granted this will go crazy as all things will then be in place. Licence, remittance channels open, no shared users, increasing revenue, 20 million+ users, target marketing opportunities. JV partner's will be falling over themselves to be involved!
MPM has applied to the Central Bank of Myanmar for a payments licence.
The Company expects a minimum capital requirement of not less than 6bn Myanmar Kyat (approximately USD 2.2m) to be a condition of the grant of a payments licence.
The Board considers that the Acquisition will bring the following benefits to the Company:
1) creating the opportunity for a direct regulatory relationship between the MySQUAR group and the Central Bank of Myanmar
2) the Acquisition will terminate the effective shared ownership of users which has impeded the Company's freedom to enter into agreements with new prospective joint venture partners
www.Twitter.com/AimTraderX
In regard to Atlas conversions remaining around 1.9 million being a concern just look what Wave Money are doing with 1.3 million users in Myanmar alone.....USD 360 million in 6 months being moved around! 20 million plus users able to transfer in and out of Myanmar will dwarf the 1.9 million bonds and will churn them over very quickly! SP has been around these levels as we haven’t had this platform launched when it is you can forget these levels as this company will transform overnight! www.Twitter.com/AimTraderX
Wave money already has 1.3 million users and in the first 6 months of this year USD 360 million was moved around Myanmar! When launched how much is going to be moved in and out of Myanmar...the more you think about it the better this gets! 20 million plus additional users instantly setup with digital wallet is going to massive! Wave money already has 1.3 million using their services so word will spread very easily. www.Twitter.com/AimTraderX
That’s the beauty of MYSQ and it’s 20 million plus users. The penetration levels, marketing even to a certain degree is not required. We already have over 20 million registered users and Eric has already stated in a previous interview they can now just push out an update and those 20 million people will instantly have a digital wallet! They can direct market to these users too and he has even suggested MYSQ will be aware of when they have money in their wallet to direct market tailored adverts! People have got to understand that we are not creating a digital wallet from scratch and then have to market, market, market to get users signed up.....we already have that and 20 million plus is a huge amount! To say the potential here is massive is an understatement! Tencent will be back when money platform launched because this is a chunk of the pie they will definitely want to have access to! www.Twitter.com/AimTraderX
USD 1.605m revenue ON GAMING alone and USD 1.839m revenue all together! Add on the potential revenue made from when the money platform launches and that could be absolutely massive! Let's be honest we all know this was going to be transformational on the money platform being fully released. Potential here with the 20 million + users is huge. Its no wonder Tencent have already been sniffing and wouldn't surprise me at all if when all is up and running if they return! I am more than happy to be locked in here over the weekend as I think we are going to wake up to a very juicy and ultra positive RNS on Monday morning! In my opinion the building work has been done here at MYSQ and now the SP will begin to reflect this moving forward. Good luck to all holders who have held through the bad times and the negative posters I guess can do one as we are locked in and I am guessing you are locked out so be as negative as you like that ain't gonna alter until 8am on Monday when it could be way too late for you! Happy weekend and hopefully an even happier Monday morning!
www.Twitter.com/AimTraderX
This could be a master stroke by the company. We all new Trading Update was due as well as news on Money Platform. If this is the bad news then deciding to release first after hours on a Friday is a masterstoke. I would say they are seriously looking to release fantastic news next week which is going to more than offset this news!.
Is this even bad news though? Revenue up by 74% from 795,000 (2016),1.057m (2017) to 1.839m for 2018! Growth rate is superb. We all knew it was going to cost to setup the money platform but if we are showing that growth without it just imagine what the revenue will be when it is up and running!
I for one don't consider this bad news at all! It shows we have money, so likelihood of more placings are remote, has shown increased revenue of 74% and although costs have increased due to acquisition of MyPay this was inevitable for the next phase to happen. I am strongly suggesting there will be another RNS on Monday morning which will confirm the launch of the money platform and with revenue increasing year on year this will be huge news!
www.Twitter.com/AimTraderX
Setup nicely for next phase here!
I understand the frustration regarding lack of news but I am looking at the bigger picture here. We have official confirmation of over 20 million users....fact! We had Tencent sniffing around earlier in the year......fact! Don’t underestimate the value which will be apportioned to the SP when we are able to monetise these 20 million users! Even as some have suggested and numerous people have registered several times so we only have 5 million users that is still double users than Momo have registered. The reason Eric has been silent is frustrating but we don’t know what’s going on behind the scenes and may be instructed to keep quiet at the moment, who knows! But monetising 20m or 5m which ever you want to believe the figure is, has to be massive for a company this size! www.Twitter.com/AimTraderX