Member Info for EXMEX

Best wishes that your treatment goes well . Keep positive and stay focused .I look forward to reading a post that says you've been given the all clear.
I'm also of the opinion that this will go the jv route if the license application is successful. Last week's link to an article on fintech in Myanmar which Lt posted provided further information to back this view It stated - although the mobile financial services regulation's do not expressly restrict foreign companies from receiving a license, as a matter of practice at the current time foreign companies ( other than a mobile network operator or in a jv with a mbo ) may have difficulty in receiving Central Bank approval ,and often the Central Bank does not even accept application's from non mobile network foreign companies -although there is some expectancy that this could change in the future.My take is I can't see a company going for a full takeover if there is a chance that the Central Bank might revoke the license
Regarding the license the two jobs that were posted on Facebook on 5/10/18 (business unit manager and senior accountant) give a job description that they will be working on a product to be launched in the coming months.The manager will be in charge of what looks like a new department called MYAN MYAN DIGITAL and part of the accountants job cover's remittances .The very fact that they are now looking to fill these positions is a good indication that good vibes must be coming from the Central Bank .
Moving on to the Tencent deal a lot of foreign companies advertise directly on WeChat which is very expensive because of the audience potential.They way the Mysq deal has been done we provide a platform for advertisers and hopefully the charges which Mysq get to keep will be at a local competitive rate . Stephen Chong also stated last week that Mysq are going to provide a link to WeChat for Myanmar exporter's .Last year's export's across the border to China came in at around $5.4billion , so there must be potential in this area .I also wondered if Mysq might be getting some help setting this up , I'm sure Tencent have plenty of connection's to the chinese business community in Myanmar.
The article yesterday on Tencent certainly was an eye opener .Formed in 1998 , first profit of $1.2million on a turnover of $5.9million in2001 and the rest is history .

Did anybody pick up on the comments by Piers Pottinger seven minutes into the interview . He stated - Chinese tourism is growing at the fastest rate of any nation in the world and it's not just in Myanmar we might be looking at expanding our relationship with WeChat and Tencent . Interesting comments indeed . gla

I see Mysq have updated their share holder analysis today and Mypay no longer hold any shares at all . Those sells the other day were for the full holding .

Thanks

What's happened to the interview , message coming up that it's not available on youtube ?

I couldn't fail to notice the smile on Stephen Chongs face when the interviewer mentioned that some uk investors don't understand the size of Tencent .His reply was (they're a massive giant ) which is putting it conservatively .

26% ?

Should it come to a jv with Tencent and they take an equity stake in Mysq what percentage will it be ? Their present stake could be substantially higher than the near 35 million shares which were issued and split between the two subsidiary companies a fortnight ago .Then it's worth remembering that Mysq have the authority to raise the number of shares in issue by approximately a further 390 million (some 60 odd million of these would be needed in the future if
Atlas wanted to convert their warrant's and 200 million for Atlas conversion's connected to the remainder of the recent funding ).The latter of these could see a deal where Tencent buy the 200 million shares back from Atlas .

Just been looking at the two jobs that were posted on Mysq's facebook account on 5/10/18 . These are for a business unit manager and a senior accountant .The business unit manager will provide overall leadership and directing and supervising the day to day work of all staff at MYAN MYAN DIGITAL and one of the accountant's job's will be the reconciliation of remittance transactions. Seeing that these job's have been given the go ahead is a good indication that the license isn't far away and Eric's departure was the main requirement for this to be successful.

Try again

https://Mingalarbarmorning.com/news/technology/33280176722807093.html

I saw this on Mingalarbar news the other day .Looks like they're launching a new v i p experience aiming for greater monetization.

https://mingalarbarmorning.com/news/technology/3328017622807093.html

Mysq is providing a platform on which businesses from Myanmar can advertise product's which are targeted at visitor's from China and the local chinese population .I expect these adverts will be predominantly tourism related covering hotel's , restaurant's and tour's etc .The users of WeChat will be able to get a link direct to this platform ,which in turn will give advertisers exposure to many million's of Chinese . The upside of this is Mysq get to keep the advertising revenue's.

I see the knockers and derampers are up early this morning ,the significance of last week's deal must be worrying them .

I'm in full agreement with Bunco and lt that there will be a jv if Mysq gain the licence . No company would launch a full takeover before a licence is in place as the dd would have to start all over again with the application . Similarly once a licence is in place a full bid could lead to the dd process starting all over again .Therefore a far safer route is that of a jv . Interesting to see that Mysq have updated their corporate governance page , as a lot of what is contained there is a requirement of the licence application . For anybody that hasn't seen the regulation's regarding the licence take a look on the Central Bank of Myanmar website . I can't get a link for the page ,but if you search on their site for mobile financial services regulation's then click on regulation's you should get a page all in Burmese .Scroll down this and you come to a page titled 30th March 2016 regulation's. . Click on this and it comes up in english and should tell you all you need to know .

My take on the deal that was announced last week is that Tencent have helped to provide a good alternative source of income for Mysq while they wait for the license . There are a large number of Chinese tourists that visit Myanmar , a significant population of Chinese , especially in Mandalay and plenty of companies run by chinese .

The Central Bank states that an applicant for a license must provide details of the board of directors and senior managers , compliance with the fit and proper requirements .Going off that it would appear you are correct in what you are suggesting .

Looking on the Central Banks website site it states that 6 months after receiving a license the company must submit an internal audit report regarding its internal control's .Seems that this will be one of Stephen Austins job's as the rns states that he will be sitting on the audit committee.

Seems your lack of research is letting you down again gw

You'll have to do some research and while you're at it try and find out who the mystery stakeholder is .

https://www.enterpriseinnovation.net/article/alibaba-and-tencent-enter-competitive-asian-remittance-market-1259114477