Member Info for Invest4theLT

http://www.vdb-loi.com/mlw/fintech-in-myanmar-telecommunications-media-and-technology-myanmar-update-2018/

Very likely the remaining conversions will be taken out for an equity stake or full take over. Should be a good 20% stake just with those and if Atlas only want 10-20% profit it'll be cheap as chips for Tencent. Add this to what they may already have and they could be at 40%. Why you'd stop at that and not go for full buy out I don't know, but if they want the full on deal I hope our BOD get us a very good price for our shares.

Nice posts Goldminer. Opens up your eyes to what a great piece of business it was to sign up with them.

Handful of trades today but worth noting those sells have gone through at a higher price than yesterday.

https://mingalarbarmorning.com/news/technology/34366579430918651.html

Mysq mobile money page looking much nicer now. The addition of remit to the logo mirrors the format taken for the other logos throughout the site (games, careers etc). The site is getting an uplift for some reason.....

https://www.mmbiztoday.com/articles/ananda-partners-wave-money-enable-digital-payment-solution

Yes have games stopped and the SP allowed to move now? Are things more or less lines up in the background? Hoping so.

Another co sponsorship event added to the Facebook page today.

In case anyone missed it.

It may just be you and me holding Roy then.... https://www.google.co.uk/amp/s/www.techinasia.com/talk/tencent-overseas-investment-strategy/amp/ http://www.blueoceanpay.com/mabout.html

I have thought for some time the Large buyer would take the holding off Atlas. Big bang approach. Even more so now that Atlas aren't converting a lot but holding the price low all the same. Think it will all come quickly once they hit their trigger point.

More than 6p I would imagine Roy. I suspect it was 6p last time as that was the 12 month high. If Tencent wanted us that badly and the BOD couldn't defend it they would have bought us then. What's a £4m investment to Tencent like we've had this year? So I think the BOD have a way to fight off a cheeky low take over offer. Would they recommend a low offer to shareholders after the progress and value added this year?

Nice posts Bezzy. I am sure others will have ideas and opinions but I am still stuck in the realms of the take over being knocked back in January and unless a new offer is significant (10p+) why wouldn't it get knocked back again? I can't believe the company hasn't got a way of fighting a take over approach if they don't like the number. It would be incredibly naive of them, this at a time when it looks like they have been cleverly lining things up. It doesn't make sense to me. Having said that, may be they asked for 10p in January and were told what to do to achieve that price, giving Tencent time to buy up as many cheap shares as they could in the meantime

Looks like it's all connected guys: 1. Chong appointment 2. January Tencent conversation 2. Mobile Money, MyPay acquisition and payments license 3.Eric gone 4. Tencent advertising deal They probably had a 12 month plan to change strategy with behind the scenes support from Tencent and with Atlas to help fund and hold the price low enough for strategic investment. We'll soon be singing their praises rather than having a go at the company etc. Licence, full launch, JV confirmation all around the same time. I'll be around for that.

I mentioned Mr K recently and questioned if he’d sit by and watch someone take us out cheaply given his history with the company.
In the June 2016 accounts he had 78m shares representing 35% of the company. Based on the latest shareholder analysis he has 84m shares representing less than 10% of the holding.
He hasn’t reduced his holding but it’s fallen by over 2/3rds of the overall % holdings.
He is presumably behind the $1m loan facility should it be needed. If he said he’d supply this on an equity basis instead this would be around 83m shares at the current price, doubling his holding in one go.
The company may have put off a take over offer in January. Someone could put in a lowball offer now given the current share price but it probably wouldn’t be any better than that offered in January so probably would be declined by the board. If anyone was accumulating without the company’s ‘agreement’ I can’t believe the company wouldn’t have a strategy for blocking a cheap take over. This could be through a combination of Mr K, MyPay and the director holdings, with or without Atlas support.
The link from January posted earlier referred to talks with Tencent of an investment/partnering nature. It would appear they have been working on this for the last nine months, with the first official sign being the WeChat deal. If they were going to buy the company why announce that beforehand?
I would therefore suggest it will be a strategic investment/JV rather than take over. I think this would be better for true believers given the revenue potential and growth we could see in time (including growth in the SP).
When news lands and the SP climbs the warrants may kick in. If so, additional funds will be provided to the company so further raises will be delayed if needed at all.
Others have made parallels with Tern and the fundraising that took place there. When I first noticed Tern it was around 7p and the lowpoint because of the fundraising was around 2p. We all know where it went after that.
We are feeling pain now but the fundamentals remain, the board has been strengthened, we have a WeChat deal and more good news should be just round the corner.
I strongly believe we are onto a winner here and more and more will become apparent as the days and weeks tick by. Good luck with what you decide to do while we wait.
IMO

http://www.ecns.cn/m/business/2018/01-08/287411.shtml

https://investors.mysquar.com/corporate-governance/ Updated last month. May be of interest.

I hope so but I keep thinking back to Mr K and his original 40% holding which is now less than 10%. He is also providing the $1m loan facility. Is he really going to let someone snap this up on the cheap given his history here? I do wonder if he's got a larger holding (or intends to get one) than currently disclosed.

The link mentioned Tencent and Myanmar right at the bottom.