Member Info for JezTheFez

Looking back at The Gherkin event, it was like a giant funfair. We even left with out packet of sweets / candy. We were even told that certain members of the SOU team were Oompa Loompas. It sort of makes a lot of sense nowadays.

https://www.youtube.com/watch?v=rcWPqxCweuU

I doff my fez at you, Jobbinscl.

Graham is right. Right now 10p price predictions are unfounded IMO and a tad distasteful given the fact that we're sub 1p at the moment. The Atlas conversions are going to take some time to go through the wash and at the same time we are running out of money. Hence why a takeover sooner rather than later to me, makes a lot of sense.

Viper,
I think I may have a rogue piece of lego kicking around somewhere that they could probably use!
JP is a very good salesman. That I'll give him. He has certainly in the past managed to rally the troops and get the PI's eating out of his hands. That takes real skill and being a salesman myself, I commend him. I really do hope we'll get our "many, many multiples" but time will tell. JP has already made money from this SOU venture, so it is his reputation and pride that it at stake and I guess you can't really put a price on that. We pray the gas Gods are shining down on us when said rusty drill bit enters said sand.

I did, but that was back then and this is now. My views / sentiments shift with the facts that are presented to me and since Eric's departure and the last couple of RNS's I believe that we are ripe for takeover and a lot sooner than most people on here think. And let's face it, without blowing my own trumpet, I have been right about a lot of my predictions to date regarding MYSQ.

No, I said 4p-7p. The offer price would have to at least be that of the 52 week high, which just for a couple of days in around 4.18p I recall. What will our 52 week high be in a few days time? A lot lower I think and will continue to fall as time goes on as we haven't been very near 4p for some time. This unfortunately makes us an even easier target for somebody wishing to do a hostile takeover. It also means to me that our intrinsic value i.e. market cap also reduces and we decrease in size despite our ambitious aspirations of grandeur. That is why my 4p-7p right now is a realistic price per share. Of course I'd love it to be 10p+ but right now that simply won't happen IMO. Looks like we'll just have to wait if we want the really big prize, but my point was that I doubt anybody on this board wouldn't take an offer between 4p-7p per share today if Tencent wanted to buy us. Just my views and if you don't share them the that's fine. It's good to have an open and frank discussion about this topic though because I am in the camp that believes Tencent will eventually absorb us. We have for what they want, despite our size and market cap. We have a very large audience already in MY who are using our games and services and ironically you can't really put a price on that!!

Can someone please put MK back in the cage?
It's speaking in tongues again about Trellis....I think?

BBF - if the offer price per share is decent enough then who cares?

I for one like your posts, Trellis. Keep them coming...

Trellis,

Ignore MK. He's a numpty who likes the sound of his own voice. I tell it how I see it, mate. I'm not a ramper or a deramper these days. May have been guilty of it in the past, but not so much these days....and usually at my own expense.

I think if we sold now a lot of people would be surprised at how good a deal we'd get. One more mess-up at the drill and any good reputation we ever had would be lost IMO. For me, that it just too much of a risk to take when so many PI's on here have their life savings invested in this. JP is fine - he's already made money out of being involved with SOU and at the same time, has ensured that he has a life after SOU via the C4E venture. For the humble PI it's come down to a simple toss of the coin, which is never an easy scenario to be involved in. No 3D seismic has been conducted at TE-9, which I am not impressed with, seeing as though this next drill is a company maker or indeed a company breaker. And OK....if we don't get lucky with TE-9 then we simply move onto drilling TE-10, but by then the share price will be languishing between 16p-22p IMO. This is all just too much of a gamble for me to feel comfortable with and I remain unimpressed with the way things are being dealt with and handled. I get the impression that at times, we're all just being strung along like flotsam on the tide.....bobbing around until we eventually get lodged on a cliff face.

I agree, Goldminer. We surely must be ripe for takeover, especially given our financial position right now. Put it this way, if Tencent are happy to do business with us then this surely bodes well for our future - however long our future lasts.

No, my average is a lot, lot lower than that. I bought in 4 separate tranches. When I say life changing, I could simply be referring to having the flexibility to move away from living about a chip shop and eating cold spam fritters that Simonthezealot has made me from the night before.

And for the record, even if we were sold at 3p, it would be life changing money for me. I have put several thousand pounds of dosh into this one this time around, remember? However, I made reference to between 4p and 7p in my aforementioned post. I don't think 3p would be accepted as too low ball an offer.

Clumpet,
Lost another limb lately? One man's tosh is another man's sensible post. Just my opinion. Why dilly-dally around for 12 months when most of us could exit with a tidy profit by being bought by e.g. Tencent? That makes perfect sense to me. I think we'll be taken out within 12 months anyway - if not via hostile takeover, then I think we'll be bought. Tencent with their issue of not being able to sell their games in China are on the look out for new, emerging markets and I suspect companies such as MYSQ that already have a leverage into the MY gaming sector. What with our 74% increase in gaming revenue these past 12 months, we must be doing something right.

If you ask me, JP is playing for time. It's now got to the stage whereby the excuses for the spud not yet happening are coming across disingenuous. I've never read so many poor excuses from a so-called professional oil and gas exploration company and hence why I suggested many moons ago that the company should be sold on seismics alone and to let the big boys take care of the drilling. The picture being painted about the state of the rig is cringeworthy. It's cranky, rusty, on the ground and barely operational.....and you guys expect the spud to take place in time for your cosy FSC? I wouldn't be surprised if we are still having this chat in 2 weeks time due to some unforeseen issue. And where's the Ministerial signature?? We ideally need that to forge ahead with our drilling plans, yet no news. It simply isn't good enough and anybody on here defending JP and the Company should think again. And to remind those that don't already know / realise, I am invested here and have been on-off for the past circa 5 years.

TW is just gloating and giving himself a pat on the back for what his sentiments are / were towards Eric. Many of us have also done the same. TW may even be shorting the share for all we know. I don't really care to be honest. I remain a fan of TW and like his no nonsense approach. One thing is certain: I have never been a fan of Eric. He singlehandedly drove this company into the ground and hence why we find ourselves languishing at these ridiculously low share price levels. The best thing that can happen to MYSQ is for it to be bought by e.g. Tencent. If it's going to take a while for us to be registering any serious profit, let alone breaking even, then surely being bought by one of the biggest companies in the World makes a lot of sense? So long as we get our desired result and the offer price per share meets with our expectations and is fair. Right now anywhere between 4p and 7p would do me fine and I suspect many, many others. We take our money and then move on from this whole episode.

Shedulike,
The fact is, I am at the stage where I don't what to believe and who to believe anymore! I'm sure others are feeling the same. We're told one thing and then something completely different happens. I'm still a believer and in the camp that an early LE will occur - maybe in time for X'mas. That seems more plausible than actually going ahead with the drilling based on the state of the rig right now IMO. There's something going on behind the scenes if you ask me and I don't reckon it involves SOU doing the drilling but instead another company and my guess is SLB.

TW is just putting the oar in as a number of us have done over the past week. With Eric now gone, communication and transparency should improve. I'd like to see Chong do another interview over at Proactive TV just to reassure us that things are moving in the right direction. I'd also like him to flesh-out the WeChat deal with Tencent and explain in layman's terms what this means for MYSQ. This time around, he should go by himself or take along the new guy, Steph Austin aka The Bionic Man. I recall how embarrassed he looked sat alongside Eric during the last interview with Andrew - especially when it came to talking openly and honestly about the finances and Institutional Investors etc.

MK,

What's a tad suspect is that your email, allegedly from JP, is full of spelling mistakes. Mistakes that somebody of James's ilk simply wouldn't make. Please explain??