Member Info for EXMEX

Nothings been mentioned on here for a long time about the deal Mysq signed last December .This deal enabled Mysq to distribute their games on the Huawei touch platform across 30 countries , including Latin America, Africa ,South East Asia and the Middle East .It will be interesting to see an update on this along with all the other news which is due shortly.

Where have the 64,000,000 Myn shares that Deloro held gone ?They are no longer in the list of major shareholders on Myn's website .Have they been sold and the money put towards the final part of the Petroteq deal ?If so why was a Tr1 not issued ?

Good to see the promotion for the Singapore remittance service starting the other day. This is a clear indication that the soft launch is going well and they are now gearing up towards the full launch .Eric has already stated that Mysq aim to become the leading mobile payment solution's provider in Myanmar. Once the mobile money services licence is awarded they can take a major step towards achieving this .Then they can create their own money wallet into which the remittances are transferred .What this then means is they can also collect a fee when the money is moved on , whether it be a withdrawal ,transfer or payment's use .Take a look on Wave money's site and you can get a good idea of how much these are .
Regarding the licence ,Mypay were already operating under the basic money licence from the Central Bank which must work favourably for Mysq's application . Gla

The investor (Atlas) would be entitled to 110% of the face value of the bonds .These were issued with a face value of £10,000 each.The same term's apply if Mysq should wish to buy them back .

Try this address. www.cbm.gov.mm>regulate_launder>

Hopefully that should help .The information contained is over 10 pages and seems to be the correct type of licence.

The details for the licence application can be found on the Central Banks website under mobile financial services .lt states 3 billion kyat (approx£1.6 million ) as the minimum a company must have set aside as security and the cost of the licence itself is 3million kyat (approx £1,600 ). They also mention that they aim to process application's within 90 day's .
Looking at the three companies that have been awarded this type of licence M-PITSEAN, Wave Money and Ok Dollar only Ok Dollar seem to to be entering the remittance market as they have teamed up with Mysq. All three of these companies have been concentrating on building up user bases for their digital money wallets in Myanmar .

The amount of companies advertising product's on Mingalarbar seems to be increasing rapidly at the moment , having gone up from 850 to nearly 900 adverts in the last few days .Definitely heading in the right direction ..

Morning Bunco

Imperium must have notified Mysq in the first instance for Mysq to be able to put them in the list of notable shareholders and subsequently notified again to cause removal .When shares are held on deposit the same tr1 rules apply if the percentage holdings are exeeded .Why Mysq never issued a notice I don't know . PS -Is the full name of Imperium ( Imperium Global Holdings ) ?

It's possible they could have crossed the 3% threshold originally and then split them between more account's when Mysq issued disclosure notices . Eric will have a very good idea who the 3rd party is , that's why he's keeping his cards so close to his chest .

According to the rns the shares held by the mystery stakeholders are now known as the depositary shares .This shows that the original shares were bought by overseas investors , who on buying will have deposited these shares with a uk financial institution/bank . The bank will then have issued what are known as depositary notes/shares to represent these shares .The issuing of the depositary shares/notes probably alerted Mysq to the size of the holdings .It does look like all the shares are deposited with the same bank ,but are held under several different account's which individually don't exeed the 3%level needed for a Tr1 Imo .

The economy in Myanmar is forecast to grow by 7.7% in 2018 and 8% in 2019 .
Nearly $6 Billion was invested in Myanmar in 2017 from sources which included China , Singapore and Japan.
There are over 3 million people from Myanmar who work abroad .
Between 150,000 and 200,000 work in Singapore.
85% of worker's send money home to their families.
90% of the money from Singapore is sent by the old Hundi system .
Bank's charge anywhere between 5% and 19% for remittance services.
The Hundi system is approaching 5%.

If Mysq can provide a secure ,reliable and competitively priced service there's a big market in remittances.

You don't seem very good with number's

I wonder if an rns has been logged for the next tranche of convertions with Atlas? The way the market has acted today gives all the indications that one has .

From the Mysq website - You can now send money anytime from Singapore to Myanmar with our cross border remittance service. New market's across the Middle East and Asia for inbound remittance to Myanmar are coming soon.
Reading through the rns Eric quotes the World Bank figures for remittances into Myanmar that were published in 2016 and covered the previous year .These figures comprised of $4 billion through official channels and a similar amount through unofficial channels and had increased significantly on 2014. Move on to to 2018 and by just how much will they have grown ?

The interim results were in the rns on 29/03/2018 ,two day's before your 8p prediction .Seem's like you've got a selective memory.

Correct , you've got it in one .

A quote from a post on 31/03/2018.

It's possible a change in direction could result in faster monetization . 8p is not unrealistic this year .

Guess who ?

Looking through the recently released account's for 2017 I see the revenue/sales were $368,000 ,That has given me my clearest indication yet as to how much wolframite was produced and sold up to the year end .

Just to try and help on a few points regarding the licence, there are two types of licence's in Myanmar ..The first of these is the mobile banking license which are owned by a bank .A mobile money business signs up with the bank and then operates under their umbrella .
The second is the mobile financial services licence which Mysq are applying for .This type of licence allows a business to operate independently and so far only three of these have been awarded to Wave Money ,Ok Dollar and M-Pitsean From what information I can find this type of licence allows larger transactions and gives the business the right to operate a remittance channel in and out of Myanmar . The cost of a licence is approximately£1,600 but a stipulation when applying is that the business must have £1,600,000 set aside in a separate account as security.
According to the Central Bank of Myanmar they aim to process application's within 90 day's ,so if mysq put the application in at the same time as the 20/6/18 rns we are now halfway through that period .
Regarding the remittance channel to Singapore Mysq have signed up with Ok Dollar who will operate the Myanmar end of the channel as they already have a Mfs licence and Uber Remit will operate the Singapore end .Once the Mfs licence has been successfully obtained Mysq will be able to set up further remittance channels with Uber Remit but there will be no need to partner with a local player ,

Once Atlas restart converting the bonds it will interesting to see if our mystery buyer continues to increase their holdings as the new shares come on the market .The key to everything though is Mysq successfully obtaining the mobile payment's licence .Only when that is in place would a third party make a move as doing so any earlier could have a negative effect on the application Imo.