Member Info for JezTheFez

The quietness is fast becoming palpable. Eric has clearly been pushed into a tight corner and I don't reckon he has enough in his armoury to fight back IMO. It sort of serves him right as I have never really taken to him and it is justice for the turmoil he put us through last year after that rancid RNS. I for one want to see him step down / step aside and let the takeover party drive this company forward instead.

It's a win-win situation for we PI's so all we need to do is sit back and let it all play out. We all saw that chunky buy at close of play yesterday. Stock is still being hoovered up and it seems that any time now we may get a RNS that will change the whole situation here at MYSQ.

What have you got to say to your investors, Eric???? Well???? Speak to us and stop hiding. Tell us whether or not we are amidst a hostile takeover bid? Release a RNS confirming or not as the case may be that we are being taken over. You can't keep us in the dark forever. Oh and when you release a new game then RNS it please rather than playing mind games with us. We like to hear good news. You may like your silence but we like open communication.

What's going on here? Silence from the BOD and simply no news of funding and another week goes by.

Invest4theLT,

What we must understand and acknowledge is that Eric really, really, really didn't want this to happen and this is most probably a real ball ache for him. Eric has a medium to long term strategy, which on the face of its appears credible, to grow the company. However, what has happened through lack of hindsight, taking too many liberties, disrespecting his shareholders, making too many assumptions and running out of money fast through poor decision making and failed strategies, the share price has dropped-off to very low levels. As a conseuquence of this, he has made the company vulnerable to hostile takeover and the would-be buyer has probably taken advantage of this down time to accumulate shares on the open market in sizeable chunks. I suspect that the accumulation began a while ago and has steadily increased as the share price has dropped and dropped.

So what we are seeing now is Eric et al pushed up against a corner, trying to fight their way out but not having enough in their armoury to mount a credible defense. That is why I believe the hostile takeover is very, very close. It's about the timing of the takeover now. At the very least, a negotiated JV would appear likely.

I am wondering if Tencent made an offer earlier in the year and it was snubbed by Eric. Tencent may have then gone about accumulating shares on the open market in attempt to get enough in order to mount a hostile takeover bid. A JV may have even been snubbed i.e. a non aggressive partnership and perhaps when even this was rejected, Tencent were offended and all talks ceased, which was supported by a recent RNS.

However, I'd love to hear from people who think that a takeover / JV is NOT going to happen. What are your views to support this?

It seems we finally agree on something, Aliaspc?!

I agree that what we are witnessing in front of our eyes, is a predator hovering in the background, accumulating shares nice and steadily and waiting and waiting for the right time then...…..POUNCE. Share will probably go into suspension and an offer price will be made for which we will be asked to vote on. Simples.

Fill your boots while you can, good people. Can't be far off now as the 52 week high price dwindles ever lower and the would-be buyer accumulates more and more shares. Just hope that the offer price is not a low ball, cheeky one because I suspect it will be snubbed by us.

The would-be buyer will know what's coming in terms of MYSQ's future development and potential company value and will hopefully take this into consideration when making an offer. The best thing about it is that Eric will be no longer. His lack of communication is palpable at times and he appears to have little care for his PI's. Will we ever see him in the UK again? I think not. Chong looks embarrassed in his company.

Takeover or JV - both fine with me and a win-win for investors. Both will see the current share price multi bag in time, so the patient either way will be heavily rewarded IMO.

Listen....if deluded investors want to sell off their shares on the cheap then let them. They will only miss out on the bigger prize that soon awaits us.
With regards to a takeover bid, it would have to go to vote, which means if you don't like the offer price you can vote 'no'. If the majority say 'yes' to the offer price then it will be passed and the company will change hands. That's my understanding of what will happen anyway. That is why I mentioned the other day the whoever is thinkin of making a hostile takeover would have to come in with a decent offer in order for the shareholders to agree to it or else they would be wasting their time. Any low ball offer would be snubbed because most of us acknowledge the fact that given a bit more time MYSQ could really take off - especially when the digital wallet is in full swing and the Payments Platform implemented. The would-be buyer knows this and hence why their is what appears to be a land grab going on right in front of our eyes before the price tag for MYSQ goes up. Eric has unfortunately played this all wrong and he knows it. This was always the danger of the share price dropping to the desperate levels it currently is. There will always be people out there who will look to take advantage of a bad situation and turn it into a good one. All we really need to do here guys and gals, is sit back and hold on to our golden tickets and let things play out. Panic selling now seems crazy so don't give away your shares so easily. All will be revealed sooner than you think IMO.

AimTraderX - we have very similar views about MYSQ. I have read your Twitter posts and I concur with your thoughts about what is probably happening in the background. IMO the share price is being 'worked' by the MM's in order to fulfil chunky buy orders....quite possibly from the would-be buyer(s). Can't people see that right now the share price is just being played so that enough shares can be accumulated before a takeover bid is made. Yes, it's all about timing but should the offer price represent many times the current share price then I for one have no problem. In fact, MYSQ as a company would probably have a better future under new ownership and not under Eric.

What do you think those people who are buying hundreds of thousands of pounds worth of MYSQ shares think about the current situation? If it's good for them then surely it's good for us with our relatively smaller investments. There is something big brewing in the background and it's not Chris2p's ego. Anybody who has failed to work this out has missed the party. There appears to be IMO a land grab going on and as AimTraderX commented yesterday and on Twitter, it is quite possible / probable even, that we are soon to witness a hostile takeover bid. Good news for us is that the offer price would probably represent a multi bagging opportunity for all those that are invested here. Chris2p will still be waiting on the sidelines for his re-entry and Gadz will be hoovering-up TW's biscuit crumbs. I look forward to reminding the pair of them that they were just too slow to jump in and take their positions here.

I've just had to wade through your messages this morning and last night and it made for pitiful reading. Please can the pair of you refrain from commenting on this bb please? If you're not invested in MYSQ then please keep your negative opinions to yourself because you will only end up getting into trouble. Gadzuric with his libelous comments and Chris2p spouting nonsense about being a 20-30% day trading whizz kid. Grow up the pair of you!

I think you're right, Doofu.
Ideally double figure share price offer would make perfect sense. I have given this more thought and a single figure share price offer would be plain rude. 10p-12p would probably make sense based on where we are today. That's still way, way down on what others have been stating including the Broker target prices and when comparing what we have with MOMO.
I for one don't want shares in the new company. I just want it do be done and dusted quickly and professionally and fairly and then I can move on and go on a spending spree with other shares that I have my eyes on.

I think a hostile takeover is fast approaching. Take your positions now if you're not already invested here and sit back and watch it all play out. Get a big bucket of popcorn and watch the scrap for MYSQ. Eric Vs The buyer. Who will win? My money is on the Buyer.

That would be fine by me. I have never been a fan of Eric anyway as has been well documented on here. As long as the offer price is decent then happy days. Low ball offers will be snubbed.

Why anybody is selling their shares off at these low levels baffles me. Still, I suspect that any stock hanging around is being mostly hoovered-up by the potential buyer and their stake is increasing by the day, such that they will probably have enough stock to make a takeover bid. As long as the buyer realises that they won't get MYSQ cheaply then that's fine. Make us a one-off offer that we simply can't refuse and then happy days for everybody.

And down she goes again. Tut tut. Show me the money?
Where is the funding news???

Woke up this morning and there feels a real palpable sense of anticipation right now with MYSQ. I feel as though the share price is like a coiled spring waiting to re-emerge from its temporary slumbers. This is exciting to say the least as just around the corner there could well be news that sends the share price heading violently northwards again.

Something is still brewing in the background. I can feel it.....sense it. Whoever this mystery buyer is has got me very intrigued and they seem hellbent on getting hold of as much stock as they can. Well I'm holding on to my stock as firmly as I can and do not want to miss out on the next multi bagging chunk of news flow, which I feel is very soon upon us. Hold tight everybody and show all the resolve you can and you will be rewarded with your patience. The potential here is MAHOOSIVE and the would-be buyer knows this. Sit back and let it all play out in front of your eyes and ride the ups and downs with the knowledge that there is a bigger picture emerging very quickly that I suspect will reveal itself in its full splendour very, very soon.

MM's probably looking to satisfy another gigantic buy order and have gathered enough stock to go and deal with it. Just ignore the hour-by-hour games here and focus your attention on the much bigger picture that is slowly but surely revealing itself in the background. I suspect that somebody is gathering enough stock in order to pounce and make an offer to buy MYSQ. I can't think of any other reason why the share price has behaved as it has done over the past few sessions.

The would-be buyer needs to understand and acknowledge the fact that we PI's on a giant lump of this company and if they want to buy MYSQ they ain't gonna get it on the cheap. A cheeky low ball offer will just be snubbed. Any offer coming on the table should ideally be too good to refuse despite our current company value. The potential here is massive and the buyer knows it. The buyer is not buying for today. Rather, the buyer is buying for tomorrow and sees this whole transaction very much as an investment. GLA and maythefezbewithyou

Chris2p,

Then you should be spending your time doing better things than trolling a bb. It's disrespectful to you and your late "dear friend."
If you haven't got the balls to buy-in the leave us be and come back when you have. Nobody wants to listen to you claptrap or diatribe as Aliaspc would say.
You are trading the ups and downs and you don't fool me with your sub 1p chit chat. Waiting for the price to get low again and then you buy back in. Think you're cleverer than all of us, do you? If you have a nervous disposition then step off this rollercoaster but for those that are willing to wait to see what the next few weeks / months has in store (I am including myself in this) then we will be the ones who are handsomely rewarded when all of the cards are on the table and especially when this supposed mystery buyer(s) reveals him/her/their self/selves.

Here endeth the rant. I'll send you a picture postcard from Qatar, Chris2p. You'll see it on the FSJCampbell FB page and I'll give you plenty of warning so you know when to go and view it.

Chris2p,

You've answered your own question, so why ask it? I bought in three tranches so my average is not 1.50p.
And we all know that you have already bought in and think you can play mind games with us. In fact, you've probably already cashed some profits and hence why you have crawled out from under your stone this morning. You don't fool me, but you seem to fool yourself these days.
Happy to wait? Haha you're laughable, you really are. That's why I give you the nickname, 'Chris2p' because out of mad panic you'll be buying back in when the share price starts with a 2. I'll let you get first nibble on the soggy biscuit if that's what you really want to stop you flirting with me.

Yeah things are getting interesting as the days tick on. My advice would be to just sit back and wait for the real excitement to begin. Eric and PI's will not sell MYSQ off for peanuts so I agree with some of the comments made this morning. Wouldn't surprise me if the offer made is too good to refuse and it will be a one off take it or leave it offer, which will be for us to decide by vote.

Once the licence has been granted (assuming all is well with that) and the Payments Platform implemented then the sky is the limit for MYSQ as theoretically speaking the cash will come pouring in. The potential buyer knows this and hence why if / when a bid will be made for MYSQ it will be swift and we probably won't see it coming it'll be so quick. A bit like the Liquidity Event over at SOU.

What is also probably happening is that the stock is getting stickier by the day i.e. people are holding out for the near future to see what happens and for the real possinility that the share price can multi bag from these low levels. The would-be buyer is also probably hoovering-up the shares and waiting to pounce, so MM's theoretically speaking have less stock to play with IMO. I can foresee the share price being walked up slowly but surely before the next juicy RNS or leaked rumour lands.

Stay strong and hold on to your stock is what I reckon.

Pass me the rocket fuel please. Looks like we're heading to the stars again today! Let me be the first one to say it: BOOOOOOOOOOOOOOOOM!! Hehe.....