Member Info for graham-wales

On its own is not that significant but collectively they have turned around Vocare from being particularly bad at what they did to being good at what they do and will go down well for contract extensions and additional work.

Each contract is different - generally when anyone signs an NHS contract there are indicative activity volumes, monetary value and KPIs - all of these are considered during the contract period

It’s more significant bearing in mind where they were when they took over Vocare. Financially more important as well

Where are they getting these bloody shares from dropped it on nothing. Now won’t push it up on substantial buying.

Need more of it don’t think they do enough of it.

Thought they already had

No more financial penalties for Vocare. That’s the type of PR we need to keep us informed of what’s going on. Nice one Wendy

6 months salary I assume. Notice payment see below

Worth a read.

https://storage.googleapis.com/investors/MySQUAR_admission_document.pdf

So where does this leave the company

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=BRD&ArticleCode=4ff9h3bf&ArticleHeadline=Director_Loan

Corruption continues here. Where have all the diamonds gone.

In other words the loan should have been available until 30th June 2020. The company should now look to recover the monies from the sale by Rising Dragon of the shares they were issued 18.75 million shares.

On 13 May 2015 and as varied pursuant to a deed of variation dated 17 June 2015, the Company and Rising Dragon Singapore Pte Ltd, entered into a term facility agreement under which Rising Dragon Singapore Pte Ltd agreed to make available, subject to the terms therein, a credit facility for a sum of up to US$ one million (the “Facility Agreement”) in consideration for an arrangement fee satisfied by the allotment and issue of 18,751,535 Shares to Rising Dragon Singapore Pte Ltd. The facility under this agreement is repayable on the date being the earlier of 30 June 2020 and the completion of a fund raise in the sum of US$ one million or more by the Company subject to the unanimous approval of the Board. The interest rate payable under this agreement is 12 per cent. per annum, payable monthly in advance. In the event that Admission does not occur by 31 July 2015, the Company shall grant security to Rising Dragon Singapore Pte Limited as continuing security for the facility and such facility shall thereafter be repayable on 30 June 2016.

Eric Schaer was appointed by a letter of appointment dated 29 June 2015 which provides him with an annual fee of US$30,000 per annum in respect of his position as an executive director of the Company. His appointment is subject to retirement by rotation in accordance with the Articles and is terminable on six months’ written notice by either party.
(ii) Squar Pte
A service agreement dated 29 June 2015 between Squar Pte and Eric Schaer under which the executive is employed as Chief Executive Officer at a salary of US$262,500 per annum, payable from Admission. His appointment shall continue unless and until terminated by either party on six months’ notice in writing to the other, or the agreement terminates due to unsatisfactory performance or he is not re-elected at future annual general meetings of the Company where he is required to offer himself up for re-election in accordance with the articles of association of the Company. The agreement contains non-competition and non-solicitation provisions effective for a period of six months following the termination of Mr Schaer’s employment.

On 13 May 2015, the Company issued 18,751,535 Shares to Rising Dragon Singapore Pte Ltd pursuant to the terms of a credit facility agreement.

If you look at the admission document they actually gave Rising Dragon 18.75 million shares priced at 10p to allow them the loan facility of $1 million. So in other words they paid them £1.87 million just to allow them to loan Mysquar $1 millio. What a a joke

Find this bit a little ironic as well.

During the course of its business in Myanmar, the Company may be adversely affected by Myanmar’s lack of controls in relation to anti-money laundering and financial terrorism and there can be no assurance that Myanmar will make sufficient progress in this regard and be removed from the FATF’s list.

Nextriser. Just wondering if your trying to convince yourself on your posts. Bearing in mind the company have very little cash which is probably getting eaten up by the hangers on very quickly why on earth would someone want to buy Mysquar. Your best chance would be if they went into administration and use this as a shell company preferably before they get kicked off AIM.

Do you think he added a couple of noughts by mistake and actually meant £1 million. Double then double again the share price mmmmm I suppose it depends on what figure he starts with.

https://m.youtube.com/watch?v=h99tdEiWaos

When what? lol

Del

What concerns me is how quiet the BOD are no interviews from with Bob or Wendy in 2018. Are they worried they may get asked to answer why the share price has dropped from 60p to 15p.

Buy and build yes but still waiting to see any building work going on