Member Info for EXMEX

The following links worth a read
https://wwwenterpriseinnovation.net/article/alibaba-and-tencent-enter-competitive-asian-remittance-market-1259114477

The shares issued to Atlas in the latest notification were put through the market in the middle of last week . 4,000,000 of these were immediately bought in one transaction .StarRage regarding future finance you need to check our Stephen Austin .

Try again .
https://www.cbm.gov.mm>regulate_launder>

Evening all , just a thought could Eric have been forced to step down to help with the application for the Mfs licence ? The Central Bank of Myanmar looks into all aspects of a business applying for a licence including the business plan and the personnel running the company .Take a look at page 2 ( Requirements for application) in the link below.
https//www.cbm.gov.mm>regulate_launder>

Take a look at the link below regarding an economic corridor between Myanmar and China, there certainly appears to be plenty of interest in Myanmar coming from China.
https://frontiermyanmar.net/en/the-grand-plan-for-the-china-myanmar-economic-corridor

Well there you have it in black and white ,Tencent want closer ties with Mysq ,not a rumour anymore .Since the beginning of the year Mysq's business plan has changed considerably with the purchase or Mypay , which the company stated was impeding them from entering into jv's with larger concern's .The next few weeks look very promising indeed with plenty more news to come .
Regarding Eric it certainly looks like he was forced out as a condition of the deal and I wouldn't be surprised if a certain large entity has some influence on who becomes the new CEO . Gla

This appears to have been released at the close of play on Friday to give investors the time to read it and to avoid knee jerk reactions. The revenue was in line with expectations and costs are bound to rise as Mysq have been busy acquiring Mypay and promoting various revenue channels.The one thing I hadn't allowed for was the increased strength of the dollar against the kyat .The dollar seems to have strengthened from late May and peaked about 3 week's ago.Since then it has fallen back and currently sits at the figure that Eric quoted , very similar to what has gone off between Sterling and the dollar this year . Regarding previous post's the money needed to be set aside when applying for the Mfs licence is 3 billion kyat .This equated to 2.2 million dollars in June and at today's rates would be just under 2 million dollars .
Now the update is out it clears the way for news to be released relating to the Singapore remittance channel and I would expect ways to be provided for the unbanked to remit money back to Myanmar. Currently it's estimated that 90%use the Hundi system to send money home and approaching $800,000,000 in total is sent from Singapore .If Mysq can provide a competitive,secure and reliable service there's a big market to work at .A big big percentage of these worker's will be fairly young and quick on the uptake with new technology .Get these on board with advertising in Singapore and they can convince their families and elders in Myanmar about the merits of the service .

Nobody seems to have mentioned the fact that the deal with Smart Bit for the 5 Austin chalk Wells in August was paid 50% in cash and 50 % in shares (25,274,725) .When they entered into the deal Myn's share price stood at around 0.55p .The shares were issued to Smart Bit at a price of 0.7p each and are locked in for 6 months till next February . I can't see them being very happy with current situation either , especially if they were led to believe that everything was okay with Myn when they signed the deal.

Reading through the Barra report it states that there is now a 35 % discount on any wolframite sold. Last year's rns on 10/07/17 stated the discount then was 26% .After the 35% discount there is also a royalty fee of 3.5% to be deducted .This means that Prem would receive approximately 62% of the going price for any future wolframite production.

Interesting to see the joint promotion between Mysq and Uber regarding the Singapore remittance channel . Looks like that is moving up a gear , so news can't be far away on this front . Following that i expect Eric will be keen to integrate Ok Dollars payment services into Mysq's mobile games ,social app and marketplace so that user's with an Ok Dollar digital wallet are able to make purchases .

Have a look at this link on Twitter from yesterday. mobile.twitter.com/DealStreetAsia/status/1045218993550831616
Looks like the two major businesses in southeast Asia are upping the ante in their chase for remittance corridor's .

No wonder there were no quarterly production and sales reports . $20,000 worth of sales for the first 6 months ,which if you use a Wti price for the period of $65 dollars a barrel leaves a very low set of production figures.

Someone couldn't wait for the rns . Bought in late yesterday and sold out first thing this morning incurring a £364 pound loss .Good luck to the patient ones .

Can anyone tell me why the Maiden Inferred Resource Estimate for Zulu has never been updated ? The drilling campaign to further prove this up and increase the estimate finished late 2017. Surely it's in the company's best interest to get this updated .

Seem's that Sharecrew and all posting history have been removed.

Let's hope that the magistrate rules favourably on this issue .

Eric appears to have entered into the agreement with Ok Dollar so that he can get the remittance service up and running while Mysq wait for the license . There is nothing to stop them adding more remittance channels while they wait .The service team at Mysq have been developing their own mobile money wallet and I would expect Eric will want to switch to this ASAP once the license lands as there is good money to made when the remittance money moves on out of the wallet , hence the 30 day notice for termination of contract .
The current contract involves sharing the revenue from the Singapore remittance channel with Uber Remit , while OkDollar take their cut when the money moves out of their wallet.A possible reason for for the 60 day termination of contract with Uber could be that Mysq might want to obtain their own remittance license in Singapore at a future date and avoid sharing the remittance revenue .To apply for a license you need to be a Singapore registered business with one of the directors being a permanent resident in Singapore ,plus 100,000 Singapore dollars (£56,000) approximately set aside in the bank. Mysq already have a wholly owned subsidiary in Singapore under the name of Squar PTE Limited so the possibility is there .Might be getting ahead of thing's on this last point but it's worth a thought .

Watched the presentation on You Tube by Mark Carter the former CEO of Mypay dated 14/10/17 .In the presentation he mentions Mypays links with a financial services provider in U.A.E .Looking into this further it appears this company could could well be the Al Fardan Exchange a leading financial and global remittance provider in the U.A.E .Could Eric's trip to Dubai the other week have involved more than witnessing a yes vote ?

Just adding to the post from Bunco on Monday relating to when Mysq were in talks with another company at the beginning of the year .From that point on Mysq's business plan changed considerably with the purchase of Mypay and their own application for a mobile money services licence . Originally as announced in the rns 30/11/17 Mysq were intending to launch the mobile money app in three phases with Mypay applying for the licence .It also stated that phase one had been initiated with a beta release planned for early 2018. All this plan changed , followed by the statement that shared revenues with Mypay were impeding jv opportunities .The next few weeks should clarify a lot more about what's been going on behind the scenes ,with the key to everything being the attainment of the licence .

Looking on the Mysq website I see the 10 Singapore dollars promotion on the remittance service has already been removed . Seems that plenty of people have been signing up and trying the service .