Member Info for JezTheFez

Yes. There is a real possibility that the takeover approach could happen before the GM. The predator has in some respects been put into a position whereby they have to reveal themselves and play their hand before the potential for a whole load more of shares get dumped onto the market by none other than Eric. In doing so, their share of the company would be diluted. There is still no explanation of the recent RNS, still no communication from Eric and still no confirmation or indeed denial that we are in the midst of a possible hostile takeover situation.

This said, I reiterate please do not panic. We PI"s are in a very, very good position because if an offer does come, it is likely to be many multiples of where the current share price is because the predator would not want the offer to be rejected and secondly, should there not be a takeover approach at this juncture in time then we are entering a news rich period with lots of exciting developments. I just wish Eric would communicate to us more and tell us what the score is. However, he may not be able to given the current situation as it is very delicate, so I respect that fact. All will be revealed sooner rather than later IMO so hold tight and watch it all play out.

Seems that everybody wants a piece of EUA at the moment. The new hot stock of AIM it seems. Not at all surprised what with the assets it has. I wonder what the price will be on PM approval? It's probably going to fly, the share price. It's been a bit of a wait but I suspect the wait will be well worth it. GLA and happy times ahead for all invested here. Great company with great assets.

Bunco,

Morning mate. I don't think it has anything to do with Atlas. I think this resolution in the mot part is to force the predator to play his / her / their hand before the end of this month. It is designed to flush out the predator and to best prevent them from mounting a hostile takeover approach.

It appears on the face of it a win-win for PI's because I suspect any offer would be many multiples of where the current share price resides and should there not be a takeover approach made at this juncture in time, hen we are entering a news flow rich period with some exciting developments - in particular pertaining to the payments platform.

All we can really do right now is not panic, strap yourselves in and do as you say...fasten your seatbelts in tiime for the next share price surge, which I personally don't think is very far away. The share price is like a coiled spring ready to explode. Interesting times and IMO only the weak and impatient are selling their shares now. There's a much, much bigger prize waiting for us just around the corner.

You won't hear much frm poor old Chris2p and Des very soon as they would have both missed the opportunity. I did warn the pair of them too but they won't listen to my twitching fez. I have come to understand how this stock moves and flexes and I was right about my predictions last time and I reckon I will be right again.

Destitute?

You don't need to tell us all that you have been pitching tents.

All this excitement is clearly getting a 'rise' out of you.

I think there'll be a lot of buying pressure next week IMO as the potential for a hostile takeover ever increases. The ones who will be left on the sidelines will be kicking themselves. The bidder could play his / her / their hand any time soon and it is far riskier being out of this share than in it at the moment. I think you know that, Des. Sometimes in life you don't always get what you wish for. Sometimes you have to be realistic and admit that right now, the share price is a bargain and it's a great opportunity to take an entry or top up if you are wanting to get your average down. When this baby roars, it roars and I've seen it so many times over the past 12 months. The spikes are quick and if you blink you may miss it. A sudden 300-400% rise in the share price wouldn't be out of the ordinary IMO and especially if we get more clarity on who the potential takeover party is. It could be Tencent, it could be a whole host of other companies that all want their slice of the cake in the emerging economy of MY.

Eric has backed himself into a tight corner and his way of defending the company appears to be wanting to dump another 50% of the stock onto the market. In doing so, not only would he dilute the share price , but more important to him, he would dilute the % ownership of the predator. It is the latter, which is more importance to him, rather than worry about what may happen to the share price and how it will effect PI's. He cares little for PI's in my opinion and his lack of communication and wanting to engage with us regarding the latest RNS speaks volumes about him.

As long as he retains power then that's all he really cares about. That and ensuring he and Chong continue to pay themselves fat wages. Some of you may still be blinded by his BS but not me.

Destitute is indeed right: allow him to continue with his strategy and he will dilute and dilute the share to kingdom come, only pausing to lean on the Rising Dragon loan at the last possible moment in case he needs to.

I will be voting a resounding 'no' to his resolution to dump more stock onto the market. It's time he spoke with us via conference call and explained to us what the hell is going on and his reasons behind what was covered in the recent RNS. Only then can we all make a decision as to how to vote. My 'no' may become a 'yes' if I understand what the last RNS leant, but it was cryptic in places and ambiguos, which I suspect was done on purpose to mask the fact that he's desperately trying to hold onto power.

MYSQ has great potential. Huge potential but I personally believe it has a better, brighter future being driven forward by a new party with plenty of money, plenty of clout and a clear defined strategy for success.

I doubt you'll get any mention of user numbers from Eric. It's all about smoke and mirrors with the bloke and hence why I want him to step aside and let the hostile takeover progress. I don't think we've got long to wait for the hostile takeover bid. The offer on the table for us should IMO be very enticing and good enough to get our 'yes' vote. It will have to be at least the 52 week high price, hence at least....but most probably a lot higher to get our nod. We ain't going to agree to a low ball offer, so as long as the hostile takeover party know this and respect this, I haven't got an issue.

I thought it was agreed that Eric was not going to quote user numbers going forward due to this ambiguity? Rather, he said his focus would be on revenue generation and growth. I don't care what the user numbers are to be honest. As long as the company is making money and is striving towards breaking even and even being in profit, then that's what I'm interested in. Be careful what you wish for in the next financial results because there may not be any reference of user numbers.

I agree, Hedgecutter. We all deserve an explanation as to what is going on in layman's terms. The last RNS was too cryptic for me to fully understand and hence that hissy fit with myself last night!! Nothing a packet of soggy biscuits couldn't cure.

Destitute? I was wondering if you've cleaned the Wendy House today? One of your many houses....haha! It's about time we inject a bit of comedy onto this board because it's been a bit dry as of late.

Chris2p? You ready to jump on board above 2p next week on the next spike? If you don't hurry up then your new nickname could change to Chris3p.

Janus? Where are you? Gone awfully quiet. Maybe you did actually jump on board and are strapped in waiting for the next spike in the share price. Last time I heard for you, I sent you off to go and polish TW's shoes and to hoover-up the biscuit crumbs.

I am strapped in and will watch it all play out. I suspect the GM being in Dubai is an opportunity to hook-up with more would-be partners who are looking to allow their users to remit money from that part of the world i.e. the Middle East, back to MY.

Everybody stop brown nosing Eric. He's take us all of mugs again and carry on diluting the share price. If you vote against the resolution from being passed then it is likely that we will have the hostile takeover approach some time in August after the GM has concluded. This is Eric's last desperate attempt to screw us over one last time and I ain't buying it.

Why is everybody hellbent on having this numpty continue to lead our company? Can't you see this is one last, desperate attempt for him to hold onto power so that he can carry on diluting the company and at the same time ensuring that he pays himself and his cronies a handsome sum of money. Eric is not to be trusted.

I'd recommend voting against his resolution so that we can look forward to a takeover in which we should see the offer being many multiples of what the current share price is. How can that be bad? Stop thinking about the future and deal with the here and now.

I will be voting a resounding 'no' because I don't trust him and don't want him leading the way. I still agree with what TW says about him and I personally like TW and have a lot of time for him. TW is very rarely wrong.

I see Destitute and Chris2p have been "peppering" the bb today with their diatribe and fantastical comments about gaining entry way below 1p. It's becoming very pathetic, guys and please can you leave us "investors" to get on with making some decent money here.

The reason why Des and Chris post on here is because they are gagging for a re-entry and they know this one has bags of potential. The takeover offer could happen as early as next month IMO so let's just wait and see what happens. I have asked Eric to come out and communicate to us but he won't do it. I for one want him to step down or step aside and let a decent party takeover MYSQ and lead it to glory.

God knows what happened to our Garydun.

It's like when Superman went awol during Superman III and then came back when people thought he had gone for good.

Maybe he's saving himself for the RNS of all RNS's?!

I think he was right with just one of his RNS timing predictions out of around 10, but we still considered him as a good luck charm. Hilarious when you think about it.

Derby,
Just wanting to find out how you justify a share price of circa 10p? Your other posts have been quite exacting, so please tell us all how and why you think the share price will be at around 10p?

If a takeover offer is made in the interim, then at what price do you think the offer would be made? I realise it is based on the 52 week high price, so how do you arrive at a figure of circa 10p, or is that without an offer being made?

Nice average price , Derby...

Do you think 10p is on the cards here then?

Great posts, Derbyshah.
30% can't be all that far off now for the predator. Tick, tock, tick, tock....every day that passes is one day nearer the big reveal. I wonder who it is? I can't wait to find out. Why this share price hasn't rocketed baffles me. The takeover would probably see an offer price 3-4 times above where the current share price resides and hopefully more. Eric is pushed up into a corner and is begging we PI's to vote for his resolution to be passed. Still a big 'no' from me until I fully understand what the implications for voting 'yes' or 'no' are. Eric will please need to come out of his corner and speak with us to regain our respect for him and to tell use exactly what is what. Otherwise the vote could go the wrong way for him via investors voting on their understanding of the recent RNS, which may be incorrect.

Eric? I implore you again to come out and communicate to us so we know what the situation is right now. Please could you either confirm or deny that the company is in the midst of a takeover battle? Could you also better explain your recent RNS to us by way of a conference call and last but not least, don't take us for granted. Without us, you wouldn't have a company in the first place. We are all part company owners of MYSQ and just you remember that.

Gadzuric - you are beginning to sound rather desperate. If you and Chrs2p don't want to take your positions now, then may I kindly suggest you go and bother some other bb?

Buncos is right. If you can't see the massive potential here and the very interesting situation we find ourselves in right now then nobody can help you. It is far riskier bring out of this share at the moment. The predator could play his/her/their hand very soon, which would probably cause the share price to rocket northward. You must recall what happened to the share price on the Tencent rumour….and that was just a rumour? I recall the price 2 or 3 bagging very quickly. You see, once the MM's take the brakes off this share, it heads northwards violently as more and more people want a piece of the action.

Now is the time to sit pretty if you're already invested and if you're not, stop nagging and get in. You won't be able to buy any shares in chunky volumes at the drop of any good news as your bid would probably go to auction as it always, always does here.

Good luck all, but don't say I didn't tell ya!

The potential is indeed massive here regardless of who owns us!

Give it a break, mate. It's not even pantomime season yet. Yawn.

You won't get your desired position no matter how hard you try. Hence your nickname of Chris2p. You'll jump in on the next spike out of mad panic. News that could send the price rocketing could land any time soon and especially if the hostile takeover predator plays his/her/their hand much sooner than people anticipate.

Yes, I think so. I think this is Eric coming out defending the company from a hostile takeover. Either way, I see it as a win-win for PI's because if Eric retains power then we know we're in for a good few months worth of relatively positive news flow - what with the licence granted, the soft launch, the actual launch and new games being released etc. Should the Predator mount a hostile takeover bid sooner rather than later, then the offer price should in theory be multiples of where the current share price resides.

What's going on at the moment is another land grab for shares in an attempt to flush out the predator or to keep the predator under the required amount of share of the company in order to make a hostile takeover.

Eric does have that 1 million dollars Rising Dragon Loan Facility, but I suspect he doesn't want to tap into that at this stage and so is deploying alternative tactics instead in order to ward away the predator.

There's never a dull day here these days. What people shouldn't do now is panic and give away all their stock for peanuts. Stay strong and HOLD onto your shares. When all of the fog has cleared, things will suddenly become crystal clear and you'll only be kicking yourselves that you sold out too cheaply.

I would not panic, good people. I'm not selling a single share. Just keep hold of them and watch this all play out. It's gonna get very interesting very quickly as Eric is trying to force the predator to play his/her hand. It's like a game of chess and soon it will be check mate. Who will win? Eric or the Predator? The latter, I hope.

If anything, the share price should flex upwards as the possibility of a takeover draws ever nearer IMO.

It's blinding obvious to me that this is Eric's attempt to hold on to power of the company. By issuing more shares, in effect, he is diluting the predator's share of the company so that it falls underneath the required level in order to make the hostile takeover. Unfortunately for we PI's, he has done it at our expense. The guy clearly has little contempt for PI's and will do all he can at what looks like the expense of PI's and shareholders in general. I wonder what the II's think?! I will be voting 'no' because I want MYSQ to be taken over and the quicker that happens the better to stop you know who from making any more naff strategic decisions. He is a desperate man who has backed himself into a dark corner and I for one hope the predator pounces very soon with a decent offer price to put most of us out of our misery.