Member Info for JezTheFez

brings......story....excuse the typos.

Gorillacramp - stop monkeying around and behave.

I will leave you all alone if you stop your jibes.
I'm locked and loaded over at MYSQ with a very low average share price, thanks very much and look forward to multi bagging over there.
Another week has gone by here with no news of funding. The share price continues to head south and I feel justifed that my exit here was well timed.
Let's see what next week brongs eh? I'll keep an eye open and follow the stroy here.

I agree with Bunco. Nobody in their right mind IMO would be selling off stock at this ridiculously low price. What is probably happening is an exchange of shares. Between who? I wish I knew. Either way, I still think somebody is getting their ducks in a row in order to mount a hostile takeover bid. They can have my shares at 7p if they want. Anything less would be a cheeky offer and rude.

I can't see Atlas getting involved in facilitating the client i.e. MYSQ or the would-be buyer. I'm not sure what the rules are with these types of transactions anyway?
I suspect Atlas will act impartially and do what's right by themselves i.e. to make money from their original investment at a price they are happy with. They'll want to retain a squeaky clean image and act ethically. It is Eric who has got MYSQ into this situation and the fight is between Eric and the would-be buyer. Let's see who comes out on top. We might actually get some sense of urgency from him for a change, which I'm all for.

BezzyBushFire,

Thanks for those comments. That's an excellent post and an excellent summary of where I think the land lies at present. You're right: we're now just passengers in a process that appears to be inevitable and I'm loving the ride. Whatever the outcome, it has to be very positive for PI's and especially those with low average share prices like myself. Thinking of putting in some more funds on Monday before the share price shoots-up, which is usually the scenario during potential takeovers.

This week has seen an exchange of shares - a rejigging of positions, if you like, which I suspect have further enabled the would-be buyer to get their ducks in a row before the inevitable takeover bid. Circa 7p seems to be a fair price for us at this stage in time and I don't believe many PI's would turn their noses up at that. Anything lower and then there will be a very mixed opinion. Why? Given time, MYSQ can easily achieve a double digit share price and especially when the payments platform gets developed and put into place. The would-be buyer knows that time is not necessarily on their side and they will have to act fast should they want to acquire MYSQ at a good price.

I am almost certain that Eric is pushed up in a corner right now and could really do without this. As I said earlier this week, if you faff around for too long messing around your shareholders then this is what happens. In fact, I think the best thing that can happen to MYSQ is for them to be bought out such that the new buyer can actually get a number of exciting projects off the ground and moving fast in what is a fast emerging economy over in MY.

Remember guys and gals.....whatever happens, this whole situation we find ourselves in is a win-win for us. No need to see it any other way. I suspect that even our resident derampers have seen sense and bought in before the miss out. We can still have our meet-up, our party.

Gadzuric and a few other derampers are beginning to look a tad desperate. We're set to start building-up momentum into next week as we await some more news. Nothing from Chris2p this evening either. Not going to get your sub 1p target price I'm afraid so stop dreaming.

The price of 6.93p was achieved on 4th July, 2017 which is still our 52 week high. What will happen after 4th July? What will be our 52 week high price then? Could we be in real danger of a low ball offer based on the 52 week high price being much lower? Or would a low ball offer simply be refused / snubbed. What are the rules with hostile takeover bids....anyone? Would the offer price be based on the 52 week high?

Yeah but when added together they amount to a sizeable figure. That was my point coupled with the fact that I suspect MM's don't have massive loads of stock to play with down at this level. I mean, who will want to sell their shares at circa 1p when they can potentially wait a wee while longer for the next boomage?

I wonder whether or not Chris2p has seen sense and bought his first tranche of shares at these low levels? He has gone very quiet today, which could be a sign that he has bought-in on the quiet. Can't say I blame him. If I had spare funds, I would do the same but after yesterday's debacle at VW, I have no spare cash to play with. The price of keeping a classic VW on the road, I guess! The Chuckle Wagon as she is fondly called. tometoyoutothegarage

And still she falls. Still no news of funding?? As predicted and glad I bailed when I did.

If you look at the trades today, it does appear that there are several chunky buys. 200,000, 300,000, 500,000 chunks are being scooped up and when added together....you do the math. The MM's haven't got swathes of stock to play with themselves at these very low levels because most PI's including myself are nursing higher averages and are waiting for the share price to rise / multi bag. However, it appears that they can offload shares in 200,000-500,000 chunks.
They are probably going to have to raise the price to get hold of more stock, so I think Sliotar is right in his observations. Don't be at all surprised over the next few trading sessions if you see massive buys coming in i.e. millions of shares being bought at one time.

McSquares,

It looks very much like somebody building a stake at these very low share price levels, so that enough stock can be gathered together in order to move swiftly towards a hostile takeover bid. I suspect some MAHOOSIVE buy orders have been placed on the books for which the MM's are working very hard to fulfil, bless 'em. I suspect that after they have been fulfilled the it could well be take off for the share price. It takes one leaked rumour on e.g. Twitter for the share price to go BOOM here in a big way while people scramble to get hold of stock - just like we saw during the Tencent takeover bid rumours where I seem to recall the share price rapidly went north over 4p from a low bottom.

I agree with you though: Eric has unintentionally opened the door for this scenario to occur and this is always the danger of a relatively low share price. Either way though, PI's are set to benefit from this because a sale price will be multiples of where it is today most probably and all in my opinion of course. DYOR.

I think that the licence is a formality because MYSQ wouldn't have pursued what they are pursuing if there wasn't a damn good chance that the licence wouldn't be granted and it appears to be in everybody's interest that a licence is granted.

To me, there appears to be a race against time, which Eric probably could do without but for which we PI's are finding very interesting. There is likely a potential takeover bid that could take place any time soon versus Eric wanting the licence approved so that the payments platform can be fast tracked this Autumn. that is why Eric has attempted to force whoever the potential buyer is to play his / her / their hand and reveal themselves. Only whoever it is doesn't want to reveal his/her/their self to the market just this yet.

Wouldn't at all be surprised if the share price is being currently supressed to allow for an exchange of shares to take place so that the potential buyer can further accumulate more shares taking them over the required threshold in order to make the hostile takeover bid.

PI's appear to be happy with a price of 7p, which at present represents a fair price for us based on the last 12 months performance. However, leave it any longer and I see our price tag going up and up and up - epsecially if/when the licence is granted and we start to develop the payments platform in earnest (testing due to start next month).

It's a win-win for PI's if you ask me because if we get bought out then I suspect it will be at a price where the majority of us would be very happy. If we don't get bought out, it means that there are less shares in free float because they would have entered sticky hands and that we sit back a while longer to witness the payents platform being developed and finalised and then as somebody has already commented this morning - it's a licence to print free money.

Why the share price isn't going crazy at the moment beats me. This is as close to a takeover bid we have had since rumours of Tencent a few months ago and the share price shot-up then. This is not too dissimilar, right?

Can anyone see the share risers and fallers? The section is just blacked out.
This site is having so many problems and I'm not liking the new messaging format either.

Yep, happy with 7p minimum. Wouldn't want a penny less if a hostile takeover bid is made and actually I think 7p is fair as things stand right now. I suspect if the hostile takeover bidder thinks he / she / they can buy MYSQ for any cheaper then think again. They have to remember that some people here are hashtag anchored at prices north of 5p and we hit circa 7p at one point last year.

The sooner this happens the better if you ask me. Fed up of watching Eric dithering.

Multibagger was very heavily invested here and I suspect he lost a fir bit. He suddenly went very quiet several months ago and was last seen at the MYSQ Investment Evening - you know...the one that I couldn't be bothered to turn up to after paying for my ticket.

Whatever happened to the following pseuds?

-SolihullMike
-Multibagger
-Garydun
-Notaclue
-Andypandydandy

Yeah, it sort of serves Eric right that he finds himself in the midst of a potential hostile takeover situation. Too much dilly dallying around and this is what happens. Me? I don't give a tinker's because if I can 6-7 bag my investment then I'm not going to moan. As I said, my spam fritters would be upgraded to luxury steak sandwiches - not to take any beef away from Andypandydandy and his brother Notaclue who I know are rather adoring of beef sandwiches.

Wonder what happened to those two?

Bunco,

Interesting comment and I agree with you. It could well be a consortia who are together within the rules of AIM, be accumulating enough shares that when combined would be enough to make a hostile takeover. The price would have to be at least around the 7p mark as things stand today, which bodes well for the majority of us.

Surely people are seeing what we are seeing, right? Still surprised that the share price is being kept on a leash. This is as close as we have ever been to a takeover and the market remains rather prudish.

If we can get the payments platform launched in September prior to a potential sale of the company then our price tag would go up. Maybe that's why the hostile buyer is racing forward to acquire enough shares in order to make the hostile takeover bid. Hmmmm.....it's all about timing this. Very, very interesting though eh 99Treble? You may need to get hold of some more rocket fuel because we could see the share price multi bag over night.