Member Info for EXMEX

How did they manage to give Eric a year's salary on departure (316,000 dollars the previous year )when according to last week's rns the director's haven't been paid for the past 2/3 months .They must have come close to having a whip round to pay him !

Did anybody ever find out what has happened to the Uber Remit app ? I haven't been able to find any information on this . Regarding the disruption to the web site and Mingalarbar Morning I do wonder if they are in the process of moving their offices in Singapore as well as streamlining the businesses .If the company is to survive I can't see them wanting to operate out of premises where Eric's associate's are the owner's of the property ,which is how it is at the moment.

I noticed the other day that Tencent are looking to recruit a Business Development Manager for the their Joox Myanmar music streaming business , to be based in Thailand with regular travel to Myanmar. Currently they are teamed up with Telnor in Myanmar , but the role of this job will be to develop new opportunities to grow the revenue,user traffic and content. If Mysq are still in business I could see access to their user base being very attractive.
Hopefully we will hear more on Mysq's immediate future before the week is out .

Sorry ,I meant Rising Dragon Singapore.

Mysquar currently operate out of premises in Singapore which are leased from Red Dragon Singapore .We know who they are .Could there now be problems with that lease ?

Lt ,I was going off the fact that the share share holder analysis was supposed to be for actual holdings on the 29/5/18 , the Mypay deal didn't come about till three week's later .There again going off the way our devious ex leader operated anything's possible .

Looking back through the share holder analysis from the end of May I see 36,844,422 shares were placed in three separate holdings by Mr Kumizawa ,having all been originally held under the name of Rising Dragon Holdings .Maiden Ventures Global 18,417,345 ,Xieng Hom Holdings 18,417,345 and 9,732 left in Rising Dragon Holdings .My take on this is you couldn't issue direction notices to other parties when Rising Dragon Holdings had a substantial holding that had never been notified through a Tr1.
When Atlas started converting the bonds from the first fund raise in March there was an active buyer/s taking up large numbers of the shares as they came onto the market . Move on to June the direction notices were issued and during the next two days a further 34,000,000 shares were snapped in large buy's . My question is, could Atlas know who was doing this buying ?

Who sent Steve Austin to work with Mysq ? This was announced the same day as Eric departed and the Tencent deal landed .Two of the job's in his remit are to work with the audit and remunerations committee's . There's no way I could see Eric sanctioning his employment to look into these area's considering what has been unfolding since, he couldn't get out fast enough.
I took a look at Blue Ocean and it shows they are partnered with Tencent and are now targeting 43 countries (including Myanmar) where Chinese tourists travel.

www.blueoceanad.com/m.html

Thanks for the link.The 18.7 million shares were indeed issued to Rising Dragon Singapore when Mysq floated on Aim at a price of 10p each . What I have been looking at is the statement in the year end account's June 2017. This states that the shares were issued with a fair value of US $0.05199 per share ( resulting in US$975,065 in share capital).Convert that to Sterling and you come out with a valuation per share of £0.03999p.I also see that Mysq payed just over $1,000,000 back to Rising Dragon Singapore shortly after flotation .This was put down as money owing from pre flotation day's .Looks like Austin and Chong have got plenty to sort out, hopefully they are up to the task.
With competent management in place and the interests of the company coming first there's no reason why this company can't be a success.

Where did you get your 10p issue price for the shares from ? I'm intrigued .

Regarding the point raised by roy49 about the 122 million shares I've been thinking along the same lines who the actual buyer was .Hopefully we'll get another update soon .

Looking through the account's I see Eric and the other directors also got a salary from the Singapore side of the Mysq group ($24,000 plus other payables to Eric ). I
The Rising Dragon loan facility was set up in 2015 and Mysq issued Rising Dragon with$975,065 worth of shares to facilitate this agreement .These shares have been amortised as a share based expense and Mysq have made payment's in shares each year to Rising Dragon to cover the amortisation amount. 2015-$141,953 ,2016 -$163,189 and 2018-$187,667.Move on to 2018 and Mysq want to use this facility nothing doing , enough said .

What's your other alias ?

What did the magic man in the lamp look like ?

Who really did buy these?

The interview on Youtube was pulled the same day it was released.I did go on the proactive site a few days after and it was still there .Moving on two week's and both these points of viewing have been removed .Something must have been said that someone doesn't want to be in the public domain . In the interview sick note who jumped ship yesterday stated that they looked forward to developing the relationship with Tencent in Myanmar and also working with them outside of Myanmar as well .He also mentioned Eric was going to be involved with some new fund in Singapore.

Was Stephen Austin brought in by the company or was he sent in ?

Who bought all these shares? Direction notices issued at the time for failing to notify the company of a large holding and then cancelled with no explanation .

Interesting to see that Alibaba are on the scene in Myanmar.
https//www.mmbiztoday.com/articles/alibaba-enters-myanmar-1111-world-s-biggest-sale-day

Maybe their presence will force Tencent to speed up their future business plans in Myanmar.

Looking back through the account's for the 6 months till the end of 2017 I see Mysq had just $68,000 cash in the bank as of 31/12/17 . At the time the average cash burn was $300,000 a month above revenues received.Despite this cash burn they went until 7/03/18 before actually having a fund raise . Where did the money for this period come from? Was It borrowed from the $1,000,000 shown in the same accounts as being held in a separate account by an advisor to the company and earmarked to go towards the Mypay deal? If so that would be approximately $600,000 out the new fund raise in March going to replace what had been borrowed .
Regarding the $2,200,000 that was supposed to be put aside for the license , I thought this was to be put in an account with the Central Bank . Could it have instead been put in an account with the same advisor I've mentioned above ? Surely if the money was still there Mysq would cancel the license application for the time being and use the capital to try and put the company back on an even keel during the next 6 months .If this money has been misappropriated it probably explains why the previous cfo resigned in April before he got involved .
Lots of questions, whether we'll get any answers remains to be seen .

Lt in answer to last night's link Tencent started a mobile payment's platform in Malaysia this summer.
https//www.digitalnewsasia.com/digital-economy-/tencent-launches-wechat-pay-my-malaysia

This was preceded by a deal with the Malaysian tourist board in May to promote the country to chinese tourists
https://www.malaymail.com/s/16115761/tourism-malaysia-and-tencent-collaboration-to-draw-chinese-tourists

Regarding the fund raise did market forces dictate a 40% discount to the quoted share price at the time or was the
price pushed down further than it should have been to allow a third party access to 171,000,000 shares at a bargain
price ? The amount raised also seems to be a specific amount to get them through a set period of time ,with
everything pointing to the start of 2019 .
Hopefully we should get some news soon on how the search for a new CEO is going if they are to have someone
in place for the new year .I would also expect that the Central Bank will need to check him/her out before any licence
approval.