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There is a good video up on the mingalarbarmorning Facebook showing how the remittance service works.

Hi Exmex, as I understand it is just Imperium Ltd, not quite sure what the deal with them is, as usual quite hard to get clear and accurate info.

Hi Exmex, Interesting to hear your views there and they make a lot of sense. What is you thinking on how Imperium have managed to disappear from the list of significant shareholders, having been at the top of the list for around the past year and a half, without any tr1 or any other form of notification? Is the only explanation as to why no tr1 that it is Imperium who have deposited their shares with a UK financial institution?

Facebook followers now... Clearly proving popular, only just over 1year since launch. Onwards and upwards.

Yes, and to be honest they could have requested all the funds in cash for the purchase, not sure why they would taken shares then sell them for less than they could have received in cash? They took the shares as they want the eventual price they get for mypay to be 3,4,5million when they sell the shares for multiples of current price in the future. Plus all the sells today were matched and then some by buys, so there is still some business ongoing behind the scenes.

We're back £50k to the good now! :-)

Another 2 x 1m sells. Tough going round here these days, I'm thinking that it's Atlas selling the little they have left from previous conversions to drag the price down for their next conversion.

Interim results were released on 29th Mar, so I think we can expect full year results towards end of September.

Let's see if it gets scooped back up by end of day... Strange one though.

Seems to me like they are starting to reset the Atlas conversion price probably to an average of around 1.10p, I expect to see the conversions starting again late this week or early next if that's the case... Wonder why the pause of around a month, possibly just waiting to align the conversions with an upcoming good news stream so they are churned through quickly with minimal share price impact... Need to get them shifted before we will see any decent share price increase.

direction... Notice that Mingalarbar now has proper advertising!! Looks like typical third party click through ads both coming up as a pop up and also at the bottom of some of the pages at the moment. It's the typical - would you like to make a million quid a day or date this model who live is your postcode... the kind of stuff that most big news and entertainment websites have, so good to see that we are now beginning to stride forward and monetise the user base on numerous fronts. Also there are some new banners for other mysquar products at the top of some of the pages, I'm sure these will come in handy when the payment platform is fully live.

Yip that makes perfect sense, thanks exmex

I'm still under the impression that the licence isn't required for the remittance part, so we are able to press ahead there (I though uber remit were involved as they held the licence for the cross border transfer?). It's a payments licence we are seeking from the central bank and is required to allow us to offer users the ability to pay for goods and services within Myanmar, I may be wrong in this so happy if someone can point me to some facts which state otherwise. This being the case failure to get the licence would be a bummer, but not catastrophic. I was comforted in some part by the fact that the purchase of mypay was part cash part shares, if the licence was looking unlikely then I think mypay would have been looking for the 2m in cash.

The reason for no news is because there is strategic positioning going on in the background they want to control the shareprice while atlas are converting and therefore won't release anything juicy till that is complete. I still believe that the man behind rising dragon is the one who is benefiting from the conversions and will soon enough be the larges shareholder by some distance, albeit he'll have the shares spread across several different entities. Doesn't make sense to allow anyone else to be snapping the Atlas conversions up at this price.

Now over 450k Facebook followers for MingalarbarMorning... I remember back in March/April time it was 250k, so great rate of growth here over the past few months.

Fair enough guys, I get your point. I don't think we will get a soft launch rns though, feels too low level and they seem to really be cutting back on the number of rns these days. Time will tell!

The ad on the Facebook doesn't mention anything about a launch of the functionality today (or any time other than September). When you click on the link it takes you to an article from back in May regarding the original announcement that mysquar are developing a payment platform. I think this is simply to start raising awareness and begin to build a bit of hype ahead of launch, I wouldn't be expecting an announcement regarding the soft launch for another few week. Think we're jumping the gun a bit, we know it will be here soon, but even when it is, it will be positive news regarding the revenue from the payments platform which will cause the price to rocket, that could be a good few months after launch even. Not trying to dampen spirits, but we shouldn't set ourselves up for disappointment either... Not again!

Not so sure dshox, I think there will be a bit of up and down around the current price until all the Atlas shares end up in the right hands, then we'll get the juicy stuff to propel the share price northwards. Hopefully we can get the Atlas shares shifted in 6 weeks or so, then we start to get the rewards for hanging tough.

Yip good point Roy. The number of people using mysquar games is increasing rapidly. Worth noting that the figures there are taken from Google Play so only represent android users who went to Google Play to download. No doubt those figures can be multiplied when considering those who have downloaded the APK file directly or who are on apple.

Hey invest, the buys happened during the day, they were just labelled incorrectly, probably due to the wide spread. Anything that went through at 1.24 I would suggest was a buy and probably a couple just below that in the 1.23 too.