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Haha, above 1 GBP! I like it... Totally nonsense but I like it. That would give us a market cap of around £1 billion (taking in to account the remaining bond conversions from Atlas). Think 10p would be a good price, if it really flies 20-30p.. If we're doing well enough to be heading above 10p I expect we'll be picked off pretty quickly.

Got our first external advertiser on mingalarbar morning... The start of yet another revenue stream :-)

Notice that the mingalarbar market place now has over 680 items, assume we are charging a fee per ad, not going to bother taking a stab at the revenue figures this might be generating, but for another income stream which was only launched a few months back this is certainly progressing in the right direction. Potential for the marketplace to boom when the digital wallet is live... The vision and strategy is becoming clearer with every passing day!

Yip, new game out there, assume they are monitoring at low volumes at the moment before promoting and announcing.

"The Company has today issued direction notices to certain registered holders of depositary interests representing an aggregate 122,193,130 ordinary shares in the Company" Certain registered holders of depositary interests... So does this mean that we know that a broker is holding the shares on behalf of someone else? Obviously a broker has no requirement to notify us of their holding even if it's a massive percentage. so, could these mahoosive trades be the shares being transferred from the broker to the owner? I say this as when I transferred shares from my non-ISA account to my ISA they were printed as a single trade, so these large single trades could be transfers too I guess. Obviously, there is the question of the price they have gone through at, but like when I switched my shares, the average value to me of the shares I switched was like 2.5p, but I did the transfer when the price was 1.45, so it would have looked to anyone else like a large sell at one 1.45. Its late at night so might not have explained that as well as I wanted to, but basically looks to me like the shares may now be being transferred to their rightful owner.

To be honest I think there is a bit of a rollercoaster ahead. The big buyer is still going to want the best price possible, so I can see us dropping back a bit after each time they take a big swipe of shares to let those of a nervous disposition pass up their shares at a loss... But clearly there is a lot of action behind the scenes here... hold on tight, close your eyes if you have to, but I for one will be holding on tight until this rollercoaster reaches some scary heights... actually, I think I have exhausted that analogy.. just to be clear you should never get off a rollercoaster when it get to the highest point! ;-)

They could swoop in the 4s, but they wouldn't catch anything as they would still need us to agree and this company is worth way more than that.

Look at the ask... Now 1.60 and we ain't even open yet... Could be a good day!

Yip you're completely correct Mc, buy for sure. Looking back through the days trades there is nowhere near enough buys above the 1.36 (price the 11m went through at) to fill an 11m sell order, so unless MMs are now in the business of buying shares for more than they sell them for, we can take it that this was a buy with an average price of 1.36.

Looking through the day I think the big buyer could have bought upwards of 10m today... 27.27% increase is what happens when Atlas aren't supplying them with new shares!

Yeah, buy for sure. Only looks like a sell due to the price at the point it was printed.

All cause Atlas have turned the tap off! If they plan to hold the next batch (or even sell as a block!) we could be on for a good recovery!

Agree, nobody can be making money selling at these rates. Which in my view means that the only explanation is that shares are being moved.

A thought that just occurred to me though is that it has been mentioned in many previous rns that due to being a BVI company we don't need to comply with the UK rules on take overs, so not sure if that would mean that if an offer is made the BOD can reject the offer without putting it to the shareholder? Just seems odd they have stated that a number of times, wondering what the implication may be?

Question I have is.. Do we require the license for the cross border remittance? My understanding is no, but would be good see if that is how others see it. My understanding is that we put in place the agreements with OK dollar and Uber Remit and this is all that is required to allow us to provide the cross boarder remittance functionality. What we are looking to do with the payments license is create the functionality for people to pay for goods and services. Difference being that the cross border remittance is like western union, what the license will allow is for us to provide a service more like applepay. If this is the case then I believe we are full steam ahead on the cross boarder remittance and when we get the license we'll be launched in to a new level of potentially... If this is the case then I can see why the BoD are nervous about someone building a super cheap stake in the company.

Yeah, you can go back to the turn of the year, way before Atlas were ever even mentioned and see that back then there was a large volume buyer, picking up 500k and 1m blocks. Bear in mind that was around the time we were made aware of the 'discussions with another party which may or may not lead to a take over'. When Atlas got involved we could see the current pattern emerge of large buys and large sells coming through over the course of a day all at almost the same price. This isn't normal market behaviour, this is a huge stake being bought up in a controlled manner. If the likes of Tencent were talking 50-70m at start of the year and Eric said nope we want 150 - 200m, Tencent have all the skills and power to just go ahead and take the company for the 50 - 70m they value it at, if that is what they want to do. If they amass a 30% stake at 2p (which is possible due to the bonds) that will be 300m shares for 6m pounds, they can then afford to splash 7p a share for the remaining 700m shares and that will bring the total cost to 55m.... Everyone is happy... Well except Eric, but we can probably all live with that! ;-) Regardless of what you think of the company or how Eric is doing business or any of the other deramper issues, it's clear some is after the company and when it comes to getting the shareholders to agree to a take-over they will have to hit the 7p mark as a minimum.

The only reason I can think of for the current trade patterns is that shares are being passed between either 2 companies with prior agreement or by 2 (or more) entities owned by one company. So a large company has used several different holding companies to buy a huge stake while staying under any thresholds and at a time of their choosing they will pull into one to reveal their hand. If a big name is amassing a huge stake you can bet they know exactly how to do so within the rules and by disclosing only when they want to. I agree with some of the other comment would be good if the bought all the new bond shares in one from Atlas and we get a hostile offer of 7p... Would take that right now!

Yip, for the past few days this BB has been cack! I see random posts appear and then disappear on refresh. Plus I'm guessing there is an error with who the messages are tagged to, looks like Jezthefez is responsible for just over 50% of the posts on this board from my view... Seems very low! ;-)

It's a bold move to publicly flush out what seems to be a huge shareholder as they build their stake. Even at 14% they would be the companies largest shareholder. I think there is a clear connection between what appeared to be a rather random statement in last weeks rns regarding talks with an interested party now being considered closed from the mysquar perspective and today attempt to flush out the party building the significant stake. Exciting times!

Come out... come out... whoever you are! Seems the board may be a bit concern about the hostile takeover angle, if whoever has the missing 14% takes the next load of Atlas share then I think they may be in a position where they are obliged to make a take over offer. My understanding is the min they can offer has to be the high of the past year 6.93. But I would think we are still entitled to vote on that and refuse, hold out for a higher offer?

Anusclown telling us all to give up this investing lark and return to work immediately as we all have it wrong... Does that then include the IIs who hold 28 percent of the company? As well as all the PIs holding the remaining 72 percent? We all have it wrong and Anusclown has it right! Haha... The shorties are scared... That's always a good sign! :-)