Member Info for JezTheFez

As I commented the other day, it's difficult to put an exacting price on 6-7million unique users, which people can't deny is a fair chunk of the population and a captive audience. The products we have to date built around this captive audience is also compelling IMO. It's not as if any would-be buyer is inheriting zilch and besides, they are way to savvy not to notice all that we have achieved to date anyway. We are worth something - it's just up to Chong, Austin and the other NE Chairman to flesh it out with a potential buyer or buyers. If there is a bidding war for us, then we stand a better chance getting a better price per share and hopefully some money back. I know this is me trying to put a positive spin on things at the moment but I am attempting to remain positive in light of the current situation. That's all I can do at the end of the day. In Chong we trust...

People seem to still be plucking a potential sale per share figure out of the air based on their gut feelings. There clearly needs to be more science behind what our assets worth, rather than basing it on an emotional response based on what the current share price is. Remember too that the share price was artificially lowered to 0.35p during that recent failed raise of 600k. I therefore believe that the current share price is not as relevant as some may think if it comes down to a sale of our company. If and I stress if the missing money can be retrieved and our accounts brought back into some sort of clarity then this may change the situation around. For all we know, we could actually be back in credit once the missing money is recovered and any other monies that allegedly went astray. That would be very attractive for a would-be buyer. The fact that we would be in the black and maybe even after having paid Atlas their 1.8 million, assuming Atlas don't want a slice of the cake. Still plenty to play for despite what seems like a desperate situation.

Talks with Tencent with regards to a potential takeover "may" have commenced as far back as January of this year for all we know and was subsequently snubbed by Eric for what looks now like his extended opportunity to get rich quick on PI's hard earned money.

Looking at our 52 week high price, it is still 4.15p up until 4th January 2019.
Could an offer come in before or after this date, I wonder?
Have we established that an offer is not dependent on us having a NOMAD in place in circa a month's time? I think somebody on here said that if we sell the company rather than carry-on trading, we wouldn't need to have a NOMAD in place. Is this 100% correct? If somebody knows then please can you clarify this, so we can put this question to bed?
Also, does the offer price have to be at least equal to the 52 week high share price, or does that not apply as we're a BVI company and not bund by UK law? Again, if somebody knows the answer to this question, it would be great if we could have some clarity over this.
If a sale needs to be made before our trying to find a new NOMAD deadline date, then wouldn't the 4.15p share price high still be pertinent / active in terms of a takeover offer, despite where the share price is at the moment?

Some searching questions above for us to discuss......

Clumpet,
The bedroom has been vacated for you and your prosthetic limbs. I hope you don't mind the smell of greasy chips?
My bench is your bench. Enjoy!

Stumpy,

I'd much rather see a sale than have us carry on....but that's just my opinion. The accounts need to be brought back in line and those that are being "investigated" need to be questioned and hopefully eventually found guilty for what on the face of it looks like company fraud.

I could have brought a solid gold fez with the money I have invested in here. However, we still live and there is some hope left. For now, the park bench beckons me, which I sometimes have to share with a couple of ex PREM investors. They don't half babble on!

I still have a sheet of blue touch paper set aside for Goldminer should it be needed. Will we get another BOOM moment or will the paper be used for attending to my ablutions? We have less than a month before our fate is sealed. GLA.

WTF is happening here today? Why the decline? Everybody stop panicking....

And John Rambo said "nothing's over".

We still trust and hope that things will sort themselves out. No more resignations please. The people that are left, including our only Broker, SVS please need to stay so that we can tidy-up the mess that those that have exited have caused and hopefully move quickly towards an eventual sale.

We are fortunate to have Stephen Austin who has plenty of experience in these matters. A bad week next week would see both SVS and Chong resign. I pray that doesn't happen.

Shut up. Your name should be changed to 'Moronic' because that's what you are. Any more cyber bullying and I'll report you to the LSE admin.

Manipulation? What are you talking about? I am merely voicing my own personal opinions. It seems that some people on here will shoot me down no matter what I say. Grow up FFS.

Graham - I don't know, mate. It's all just guesswork at this stage and probably best leaving things to the BOD as to how much we are worth. I'm just trying to stimulate some conversation on this bb and get people to bounce ideas around regarding what a potential sale of the company means. There's only one expert on this bb anyway and his name is GG79. The only problem is that he is an expert with a chip on his shoulder.

Graham - don't underestimate the value of 6-7 million unique users. Although one can't place a definitive cash number on it, somebody on here has said that each user is probably worth around $5-10, so you could multiply this and come out with a figure of around $30-70 million. Suddenly the Atlas money becomes relatively insignificant - assuming that Atlas want their money back. They could of course retain a stake in the company.

And that's why you have no or little use on this bb. When it comes to sharing useful information you refuse to. Yet when it comes to attacking other people you are first in line. Shame on you.

GG79 - answer my question. Show us that you have some use on this bb. You're the so called expert.

GG79 - not sure what point you're trying to make? I have no shame so no point in calling me a "poor, poor bloke". I don't require you pity or sarcasm thank you very much.

Good point, Miller Time.

I have a question that I am hoping somebody can answer:

Would a potential sale of MYSQ be dependent on us having a NOMAD in place? What I am attempting to say is that if we were attempting to continue trading as per normal then yes, we would require a NOMAD, but should we sell the company, would this make us exempt from having one?

There is plenty we have to boast about from our gaming success, to MM, to our deal with WeChat and our Mobile Payments app. Not forgetting our market penetration with an estimated 6-7 million unique users. You can't put a price on market penetration as it's fairly intangible, but if you have a captive audience, it can be worth its weight in gold IMO. Whoever buys our company, assuming the company is to be sold, will automatically have access to these users and can drive home their own strategies for monetising the user base (albeit with a healthy amount of cash on their hips).

GG79 - can't you see that your very presence on this bb and your ludicrous comments are upsetting people? I kindly suggest that you refrain from making any further observations about individuals on this board as it is coming across as being extremely belittling and patronising.

Fair enough, Miller Time. Just be careful who you trust though because we have been subjected to enough lies and deceit already.

The only option is a sale. The BOD know it, we know it and even the derampers like GG79 know it. I notice that Chris2p hasn't been on here for a while. I am wondering if he was one of those unfortunate ones that bought-in hours / days before the suspension when the price was sub 0.3p? Hmm makes you think. His current silence and absence from this bb is beginning to speak volumes. Chris2....where are you?

I would also like to hear from Aliaspc and McSquares as to what their take is on there being a potential sale. At least I trust what the two of them have to say.

GG79,

That's not fair. My comedy fez and my hilarious comments have provided hours and hours of entertainment on this bb. Unlike a lot of people, I have only gambled what I can afford to lose, so life goes on for me whatever happens. No loss of money whatever the amount is great but once again to blame me for other people's misfortune is ungracious. I want us all to benefit financially from this situation so that I can organise a party. I think we all at least deserve a few stiff drinks and a curry.

If people want to laugh at me then that's fine. My comedy fez has an absorbent mode where all of the banter is hoovered-up and used as future joke material.

MYSQ is not over and dead. Until we hear otherwise then I will remain positive and hopeful. If others choose to spread doom and gloom on here like you,then that's their perogative. In fact, there is now strong evidence that Chong et al are seriously looking into a potential sale of the company. If there is to be no company come the New Year then this is yet more evidence that a sale seems to be the only logical route / way out of this mess.

GG - I have more fans than you and you know it. You are a boring, old dotard and spread no wit on here. As I said earlier, be away with you. Nobody wants to read your diatribe. It has now officially become very tiresome and extremely patronising. I will have the last say.