Member Info for JezTheFez

One word: TENCENT

Need we say any more???!!!!

Goldminer? Please go ahead and light the blue touch paper.
Looks like we are finally going to be heading in the right direction!

Well that's not a too shabby RNS to greet us all at the start of this week! I was sort of hoping we'd get a big piece of news early on to tantalise our taste buds.

Two bits that stand out for me is Eric the numpty finally leaving, which is great news. People will know what I thought of him and that's the best decision he has ever made since he was at MYSQ IMO.

Second bit of news is the working with Tencent. This is mahoosive! Yet again, it points towards us potentially being absorbed by them in the not too distant future. They clearly like who we are and what we have and our leverage into MY is something they are clearly envious of. Good time ahead. BOOM!

Still wouldn't be surprised if the delay is purposeful due to early LE. Just can't get JP's words out of my mind when he said something along the lines of, PI's will be the last one to know of the LE if I have done my job right....

Yes, good posts Invest4theLT. A lot of preparatory work has occurred to get to where we are today. That work should come into fruition soon enough. If Eric has played a blinder, then as AimTrader alluded to in his messages over the weekend, we should in theory learn of the progress via a RNS or RNS's as early as some time next week. However, I am going to stray away from making any more predictions about if and when RNS's are going to land because it has got a lot of us into a spot of bother as expectations quickly get mismanaged. Let's just say news will land when it is ready to!!

Not necessarily, Smudger. There is always the scenario where we could be subjected to a hostile takeover bid, enter into a joint venture arrangement or sell off the company. Three possibilities before going anywhere near being bust.

I think Eric's focus is to grow MYSQ to a certain size / market cap, put in place a number of partnerships, implement a host of strategies, increase our overall price tag and then.....look to sell. We're all here to make money at the end of the day and not to lose it.

It's not down to what I think. It's what the market thinks. Put it this way, I can't see there being many sells on Monday Vs buys. People selling will only be selling at a loss, which makes absolutely no sense at all. A 1p share price is ridiculously low anyway, so it's more about people getting a position and waiting for the good news to land in due course. I think we'll be bobbing around the early 1p zone until we get news of the Payments Platform release and hopefully the award of the Payments Licence. The market should respond favourably to those two pieces of news. Looking further ahead into next year and beyond, that's when we should see some growth. I'd be very surprised if gaming revenue doesn't continue to increase year-on-year, coupled with the additional revenue we should be enjoying via the remittance commissions. People also forget about advertising revenue, which should also theoretically increase with the gaining popularity of MinglabarMorning.

That's a good analogy, Mikey. If the RNS had just alluded to a 74% increase in gaming revenue year-on-year then the share price would head northwards without any obstacles in its path. People have to appreciate that for a company still very much in growth mode to make such an important acquisition in Mypay so early on in its lifecycle is very commendable indeed and has of course cost us money. But as Mikey said, if in doing so it will potentially yield us more revenue in time then the market should view this as positive. The acquisition quite simply means that we don't have to share the commission that we will be receiving for every remittance that is made to and from a country outside of MY. You better believe too that new remittance channels are being forges as we speak. Singapore is already in motion and we have other ones soon to join e.g. Thailand, Malaysia, the Middle East. We should expect a RNS or indeed RNS's that make reference to this plus of course the full launch of the Payments Platform and hopefully the award of the Payments / Banking Licence very soon. Maybe as soon as next week come to think of it - and probably why Eric decided to get the Trading Update released and out of the way before the juicy news lands in our laps.

I suppose one positive trajectory to come in on is that should we require a constant drip feed of money going forward, wouldn't it be more logical to look for a JV partner or even to be taken out by one of the majors? This is why a couple of months ago I was a very keen advocate of MYSQ being sold off / taken out by e.g. Tencent. It seems that at times, the vision is there but the money ain't. And hence why only a couple of days ago, I commented that I wouldn't be surprised if we need to do another raise. I said that on the back of no implied information, but since then people on here have "done the math" and suggested that we may be OK for cash during the interim. We also have access to that $1 million Rising Dragon loan should we need to lean on that. It's not unusual for a company in growth mode to have to raise money anyway, so I guess we should learn to better accept our current cash position and at the same token, not be altogether surprised should we need to raise more funds or borrow more money. If the strategy is transparent and there is good reason to enter into future business ventures - whatever they may be - then we should accept it as part of the territory of being a MYSQ investor.

I don't think TW will slate us. I actually think he has backed-off maybe for legal reasons.....I don't know, but I get the impression that he's got his teeth more firmly into a number of other companies that will remain nameless on this bb.

Any deramper here should see the current situation as a buying opportunity IMO and an opportunity for current holders to top-up / average down assuming the funds are there. Mine are already spent.

Friday's RNS could be the start of a flurry of RNS's that hint on / point to a JV partnership or even a takeover when the timing is right and the 'for sale' sign is erected, assuming of course that there isn't a hostile takeover bid. Any sniff of the aforementioned would be very positive for the share price and is one of the reasons why I am invested here. IMO there will come a point in time when we are sold and those who decide to stick it out for that should be rewarded. I dare say we have too long to wait. Perhaps 2019-2020 would be my best guesstimate.

The moral of that story is not to go on holiday I guess.

Back to reality with a bump for OurDearLoser. Where did you stay? Heartbreak Hotel?

Clumpet,

I think we'll all literally be blue by the end of the day. All of the oxygen would have left our lungs!

Should we get news of a JV partner then that should send the share price in an upwards trajectory.

I suspect another new remittance channel with the Middle East UAE will also be announced shortly with that company somebody mentioned a day-or-so again based in Dubai.

Maybe Eric is planning on releasing a RNS that includes a few big pieces of information around the launch of the Payments Platform and the opening-up of new remittance channels. Seems logical to assume this given the recent lack of news flow. August 16th was the last RNS, which made reference to the soft launch of the Payments Platform.

One thing that does surprise me though, is that there doesn't appear to be any Director buys at this depressed share price level. Not sure what is going on behind closed door, but we should find out soon enough.

I'd never sell at a loss, Russell. Not when news is just around the corner. I know this is very painful right now for LTH's who are staring at huge paper losses, but we're just going to have to ride the storm. Now people can see why I wrote what I did over the past couple of days. Sub 1p looks mighty ugly, but not to those who are benefiting from it. AIM can be so cruel can't it? I am shocked at who is selling sub 1p though because I suspect that it is people like Russell that is exiting at a loss. Fortune favours the brave. SolihullMike is right when he said that Russell seemed to top-up on a number of occasions. Hmmm......not good. Everybody else KRO (keep right on) as Mike would say. Hang on in there. Not easy, I know....but it seems we have little choice at the moment. Eric is still a numpty.

I agree Roy, but if I was offered 4p-7p for each of my shares right now, I'd jump head first at it.
JV partnership does make a lot of sense though....and then grow the company....increase our price tag and then sell when the timing is right. I believe Eric's intention is to sell MYSQ when we have grown big enough and the timing is right. GLA. Feeling a lot calmer tonight.

I never really left. I'll try and be as positive as I can, but Eric is pushing my hot buttons as of late and I hate seeing the share price at 1p. Get ready to light the blue touch paper, Goldminer. I don't think we have long to wait now for our RNS seeing as though another week has almost gone by. Good things come to those who wait.

George Cockroach doing a great job in driving this company into the ground.....excuse the mining pun.
This will become what I call a James Bond share. I.e. the share price will start with a double zero.
To think I nearly bought 4k worth of shares at 1p a while back makes me shudder still.
Dog of a share.

You can certainly learn about the birds and the bees reading some of the comments posted today. Who needs sex education when there is the Sound bb?!

Tencent have an office in Dubai.
I agree there may be some logic / truth in there being a JV partner.
I also agree that Eric may have to be hush hush for confidentiality reasons before the big news lands.
It's incredibly frustrating - this wait, but like anything in life - there is always a reason for everything. Let's just hope and pray that our patience (or lack of it at times!) gets rewarded. I have a 6th of my life savings invested in MYSQ, so should this one rocket northwards, it will be life changing for me. I can finally wave goodbye to spam fritters and wonky fez's in favour of steak and a golden shower....er….I mean crown!

I would personally love to see a hostile takeover here. Pull the rug from under Eric the mute's feet and hand the company over to people that can drive the strategy forward and take Goldminer and his chums to the moon. If we were offered 4p per share right now, I doubt anybody on this bb would not take that. Eric has proved time and time that he is just no good for the job. He hasn't a clue how to run a public listed company. In fact, IMO he is better suited to working for a North American private company somewhere in e.g. Toronto. You wouldn't see him in the USA because I believe he is banned from entering. Just hope the mystery buyer has used this low share price as an opportunity to top-up and continue with the accumulation - such that when the timing is right. I don't think anybody on this bb should pander to him. He doesn't deserve our respect. Until he festoons us in an array of positive news flow then I remain in the TW camp with regards to my sentiments towards him.