The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I guess that on a positive note PCGE could in theory continue to list on the NEX exchange at a fraction of the cost of AIM and without the requirement of a Nomad. Better than nothing at all.
samadhi1978 do you feel confident that PCGE will find a Nomad by month end?
If the notification period for new Nomad is 14 days then we won't have in place by month end. Not looking good.
17.05.2019)
MySQUAR Limited
("MySQUAR" or the "Company")
Trading & Corporate Update
MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, announces today an update on trading and corporate developments following its delisting from the AIM Market on 10th December 2018.
Revenue Review
Revenue for the Company continues to fall in 3QFY2019 as business development and operations at MySQUAR continue at a minimal rate to conserve cash following the events disclosed in the RNS dated 5 November 2018. The following is the revenue review for 3QFY2019 and 9MFY2019 ending 31 March 2019:
Revenue USD (unaudited) 3QFY2018 3QFY2019 9MFY2018 9MFY2019
Mobile Games
352,195
92,842
1,182,176
633,182
Media & Mobile Apps
1,256
0
2,684
0
Mobile Games Division
A total of six games are still active at the end of 3QFY2019 (1HFY2019: 7 games). The MMORPG (massively multiplayer online role-playing game) “Land of Magic” was no longer generating meaningful revenue and has been discontinued. As cash generated from game operations barely covers operating costs and junior staff salaries, there are no funds available for marketing and promotion activities. This has resulted in the sharp drop seen in 9MFY2019 revenue as compared with 9MFY2018 revenue. No new game launches are possible until the Company's financial situation improves.
Media & Mobile Apps Division
As reported in the RNS dated 7 December 2018, with the exception of Mingalarbar Morning, all activities in the Media & Mobile Apps division have been temporarily suspended to conserve cash.
Performance Metrics
Selected User KPIs 3QFY2018 3QFY2019
Mobile Games
MAUs (Average)
366,753
161,371
User Acquisition Cost
$0.18
$0.00
ARPPU
$6.98
$7.59
Media & Mobile Apps
MAUs (Average)
109,314
127,934
User Acquisition Cost
$0.015
NM
Av. Pageviews Per Session
2.21
2.28
Av. Session Duration
1:24
1:00
Average Revenue per Paying User (ARPPU) for the Mobile Games Division increased in 3QFY2019 as compared to 3QFY2018 but ARPPU has actually decreased when compared with 2QFY2019 ($9.43 in 2QFY2019).
Similarly, whilst average monthly active users (MAUs) for Mingalarbar Morning increased in 3QFY2019 when compared to 3QFY2018, MAUs have actually fallen from 235,951 MAUs in 2QFY2019 (as disclosed in the RNS dated 18 January 2019) to 127,934 in 3QFY2019 due to a lack of funds available for marketing & promotion.
Status of the Company
MySQUAR continues to operate as a going concern and with the approval of the bond holder, MySQUAR has managed to secure a working capital loan of USD 90,000 to support operations. MySQUAR continues to seek financial support from third parties.
The Company and its bond holder continue discussions with a potential trade purchaser for the sale
New update out on the Mysquare website
Now back online
Just checked the Mysquare website, it seems to be disconnected since yesterday.
https://twitter.com/DDS_DocHoliday/status/1120909094821531648?s=19