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It looks like the 917k sell took us down but gave some the chance to add lower (400k and 500k buys after). It still comes down to whether you can see through all this and anticipate a re-rate. Make your own call. GL with what you decide.

....someone believes.

I very much hear you and I think it comes down to whether we believe things will improve or not. I do and will wait for news to get us back to those numbers and hopefully much further beyond.

I think there's plenty going on behind the scenes which may involve Atlas converting all bonds at this low price and selling to another party in one go at a better mark up than 10%. If everyone is waiting for the banking licence and year end results then the large party may want to cement their position shortly and before that news comes out.

You do have to wonder why Atlas have paused. Maybe because they don't think they'll get the shares away. Maybe they have one eye on what's coming. Lets also not forget the warrants they have. I suspect they are eyeing a little more than 10% profit on their investment.

Sorry regulation on mobile financial services section

http://www.cbm.gov.mm/content/fiml-regulation

I think this is the link - scroll down to the mobile payments section snd 'read more'.

I see Wave Money is a JV with Yomo Bank. Maybe we will follow the same model with a 'Yomo Bank' fronting the 6bn.

Morning Bunco and thanks for your reply. I have found this which doesn't refer to the 6bn but does show other fees (assuming they are applicable to us): http://www.cbm.gov.mm/content/issuing-foreign-exchange-dealer-licences My reading of the fundraise announcements is that the money raised is going towards operational costs and those to get the mobile payments up and running - which potentially means the costs linked above. I think the 6bn comes from somewhere else - it was a brief mention from Eric that was either breezed over, mis-interpreted (well certainly by me originally) or intentionally left cryptic. This does strengthen my thinking that the large buyer is in on this, can take care of the 6bn 'holding' requirement and will be revealed as either a JV or take over. Just my opinion.

From 20/06/18 Re-read this and would appreciate thoughts on two points: 1. Reference to 6bn kyat = 2.2M usd. Isn't it nearer 4m usd? 2. The 6bn kyat doesn't appear to be funded from the fundraises. Do we think this will be a future cash call or more likely a JV with someone with that money already behind them? Or have I mis-read the situation? Thanks

Direction notices were issued iro 122M shares a few months ago. Someone doesn't want this disclosed as it's price sensitive, and may have added more shares since. Imperiums 90M shares appear to have gone elsewhere. Atlas could probably get their hands on 180M shares if they convert in one go (assuming no reason they can't) All of these would represent 30%-40% of the enlarged share pool. What if a deal is done for Atlas to convert all remaining bonds and transfer them to the currently undisclosed body. Out if nowhere a TR1 lands, take over offer lands, etc......? Who knows but it's worth considering. GLA

True we don't know the revenue numbers yet but back in March we were told of the significant increase for the first six months of the financial year vs the prior years period, and that the second half was expected to be even better. Hopefully the update will come in September and then we all will have a better feel for how things are going.

https://www.dealstreetasia.com/stories/aim-listed-mysquar-launches-inbound-money-transfer-service-in-myanmar-105469/

I don't think you bring in Stephen Chong and make the subsequent strategic moves they have for a laugh. They clearly want the business to work and I can see the path to this. Unfortunately it is requiring patience right now but I have plenty. Bring on the first piece of good news.

I am not sure break even will be with us for some time but I still believe things are happening in the background before the news flows. For example there is no need for Atlas to hold off but they are doing so for some reason. Eric could give us updates if he wanted to but isn't in a hurry. I am convinced there is a large buyer out there waiting for the right time to reveal all which presumably isn't until the banking licence is confirmed. The SP being where it is will be no concern for Eric right now as he has the funding he wants and I suspect knows the SP will rise when news is released.

Before anyone panics I suggest we wait for news on the end of June financials (revenue expected up and costs down), banking licence news, full mobile money launch, any TR1s etc. I genuinely believe this will come good if you're patient. Should not be long now before updates start.

The mobile money Facebook page also appears to have woken up today with these new posts.

Looks straight forward to use. This and the advert yesterday are presumably part of the soft launch. Should pick up some interest from the sites 500k followers.

Nice bit of Uber Remit /Singapore transfers advertising on Mingalarbar Morning 5 hours ago.

Exmex - I just see Imperium Ltd when looking for this. Not sure if its the company you mentioned. Separately saw on investorease website that our Mr K who now holds under 10% of the shares used to hold 46% three years ago. That's quite some dilution. Someone suggested a while ago that he might be the large mystery buyer. Maybe he wants his large slice back before take off.