Member Info for JezTheFez

You only have to google Eric's name if you want to read about his past dealings.

Chong is not as naive as some people think he is. Being Chinese is a plus when dealing with Tencent and maybe he has played a blinder as you say.

Taurus,

I hear what you say but let me make it very clear: I am not a fan of wanting MYSQ to continue on as per usual. Not given their financial situation and there being a lack of any technically qualified CEO to drive home our strategies. The way I see it is, we either declare ourselves 'bust' or we agree to be absorbed by another company e.g. Tencent. I do not want to spend the next 1-2 years of my life watching the MYSQ share price being diluted and diluted. We have gone through enough fun and games already with ES at the helm and I just want to see this all wrapped-up as soon as it possible can be.

OK this is really strange, but I can't locate the recent Pottinger / Chong interview at Proactive Investors. I have tried the youtube link in the RNS that makes reference to the video and the link is now dead. I have been to the Proactive website and checked through all of the recent videos and it does not appear there either. Has anybody got access to it and can please send me the link? It's almost as if it has been pulled without people noticing. Was something said in it or implied that now wants to be hidden from view? Hmm.

I noticed Pottinger hanging on every one of Chong's words in that video too. He was bricking himself in case Chong said something untoward, which I found very patronising and disrespectful. I'm going to watch it again now.

Clumpet,
Like the video but half of us including yourself won't have any limbs left to dance and the other half would be Dad dancing at the side of the stage.

Mannan,
Assuming it's only 1 million that has gone "missing" then theoretically speaking we could continue, but the road back would be fraught with dilution after dilution or fund raise after fund raise, which I don't believe any of us really want or would welcome with open arms. I commend those who are still feeling as though they can stick it for the long term but let's be honest......we are probably better placed to sell the company to the likes of Tencent who can take our products / services / strategies / projects forward at the pace they deserve and of course with the necessary financial backing.

I agree that what we have built-up to date is worth something despite what the naysayers spout on here. 6-7 million unique users (their best guess estimate), successful games that saw an increased gaming revenue year-on-year, WM, remittance channels etc etc. All of this takes time and money, which has already been spent and that surely has a value.

One option should they wish to not sell the company at this stage is to go back on their word with regards to applying for the Payments Licence assuming they applied for it in the first place. The recent RNS makes reference to the fact that the decision is delayed but what does delayed actually mean in the context of where the company finds itself now from a financial perspective? I would like to have a clearer update from Chong as to what the exact situation is with regards to the Payments Licence application because if 2.2 million has been ring-fenced then it might be wise at this stage to get that money back and use it to keep us operational in the interim, attempt to build-up some revenue and then reapply for the licence at a later stage when we're in a much calmer place and the rats have all fled.

All we can do is wait to see what the next news is. I don't think we'll go bust. I just think that we need to sort out our accounts, find out what went wrong and why and ensure that everything is nicely up-to-date so that we can be absorbed by another company, or continue as best we can. I favour a sale as you all know for the reasons already mentioned.

The only kitchen I now know is the soup kitchen, which as far as I'm aware is unaffected by Brexit.

Glad I am providing some entertainment here whilst we all await our fate. As I said the other day, when all of this is over we should meet-up for a curry and sink a few pints. Let's hope we all benefit from whatever is being discussed / planned. I just hope that Chong and Bionic Steve are looking to be as fair and respectful to we shareholders as they possibly can be given what is a precarious situation to say the least.

Let's hope the Chong Dynasty lasts longer than the Schaer one folks! Ker-Ching more like, assuming we get sold for millions. There's only so many more nights I can spend in cardboard city and I thought living above a chippy was bad enough.

Let the rats run away. Who will be next to jump ship? The guilty always run...….

Well spotted. Seems at the moment it's a job that no one wants. A bit like agreeing to be the England football manager. A poison chalice.

SeedofSatan,

Only you could back a horse that broke its leg during a race and back Barca on their only loss of the season. Then you go and place all of your money into MYSQ. Hey, at least you're consistent with your gambling strategies.

You are the prize plonker on this bb and you clearly need to mind your manners. I don't care much for your diatribe if I'm being honest.

Goldminer,
Good hearing from you again. That blue touch paper that I was going to get you to light was unfortunately used to wipe my rear today. Hopefully you can find some more paper in the interim as we may need it if Tencent agrees to buy us for a fair price per share. 2p-3p would suit most of us as things stand at the moment.

SeedofSatan,
As John Rambo once said, "nothing is over". Let's wait to hear what the official news is from the Bionic Man and his sidekick Chong. We don't want Clumpet aka "Stumpy" having to sell-off any more of his anatomy to keep food on his table and a roof over his head. On the subject of which, the only roof over my head is the pile of cardboard I managed to retrieve earlier today whilst I was attending to my ablutions.

TW is compiling a dossier in which Potty mouth Pottinger is implicated for his involvement in this debacle. It's too late for the fatso to go sailing away into the sunset without first having to answer some hard questions. They will hopefully all be investigated by the FCA for financial misconduct.

He should have sold MYSQ when we were first approached by Tencent in January. Instead, he milked it for as much as he could get away with before conveniently jumping ship. I hope the truth comes out and the missing money is found and pinned on someone. I challenge him to meet a group of us PI's and Tom Winnifrith for a questions and answers session. If he has nothing to hide then meet with us.

At least there's hope. Another red day here. More to follow.

My park bench isn't as posh as his, Taurus although people would have noticed that mine clearly has wi-fi access!!

Now none of you go stealing my bench while I go and attend to my ablutions. I had a few city boys walk past me speaking in what sounded like a Zimbabwean accent and discussing lost Tungsten. I now have competition for my new found bed it seems.

It may have already been alluded to, but it wouldn't at all surprise me if Eric siphoned the 1 million bucks out of the MYSQ coffers in bite sized chunks and into another account, probably an associate account loosely linked to Rising Dragon. Wait for it...….here comes the master plan...…...the 1 million Rising Dragon loan of 1 million bucks was then going to be loaned back to MYSQ in return for a guaranteed interest payment and probably a whole stack of shares at a greatly discounted exercisable rate. Yes, could it be that the 1 million bucks loan that we were planning to lean on, which has been referenced in a number of RNS's this year was going to be the "missing" 1 million that no appears on the books? It wouldn't surprise me.

The bionic man who on the face of it appears a very decent chap and of course our very own Chong are left to look into what exactly happened. I trust these guys to do right by the company and to do right for its shareholders. Get rid of the filth, which has already been done and now lets tidy up the mess and get to the bottom of where the missing money resides. No doubt in an offshore account in a tax free haven, would be my guess.

Schaer declined to comment, was the last phrase of that Evening Standard article. Understatement of the century goes to fasto Pottinger for proclaiming, "what am I adding here?". You don't say?! Couldn't have said it better myself. Seems he was conveniently "ill" whilst the unaccounted for 1 million bucks went astray. Hmmmm I can smell a rat....literally.