Member Info for mcsquares

I suggest you start looking for new opportunities elsewhere.

I was a cheerleader for this company but unless Chong an pull a rabbit out of a hat (a trick I doubt from re-watching his performance in the last few proactive investor videos) then we are toast.

I think Eric has raped the company of cash and has been caught out. When CVS held back the £600K he got the final boot in by withdrawing the facility

The company has effectively been "called"

time to put up or shut up and the way it looks unless the application has gone into the central bank for the licence and the money lodged to a Central Bank escrow account then we are at the mercy of Austins ability to raise corporate debt to keep us going

I think the only way this resumes trading is if we get confirmation the licence application has gone in and the appropriate bond has been placed in the escrow account I would say cvs instigated this when the sp dropped 20% below the placing price. They pulled out of placing before the money was paid up. If all is confirmed to be in place the placing may come back at .25

Taurus I am not sure that is going to happen mate. This is the end. This is a way for someone to pick up the company from the scrap heap. Any intellectual property will transfer with the staff to the new entity.

Chong and Pottinger should be arrested. The Escrow account that the money was placed in should be with the central bank on foot of the application. If this hasn't happened then an outright fraud has taken place and investors were misled. Time for Eric to be arrested.

Sometimes as investors we can be blind on the hope of another run at the gravy. On this occasion it has failed. All the profit I made of this and UKOG have been wiped out but at least I have the initial capital invested out and invested elsewhere to try again. For the record that profit was £150K.

Not the first time this has happened - Range Resources - and it wont be the last. Always take out the original and play the profit

Better hunting elsewhere folks.

Will be all piling back in

The 3 month chart would give Eddie the Eagle shivers

How far will we bounce is the big question.

the graph is so horrendous it will attract bottom fishers

Unfortunately after profiting to the tune of £100K plus in this company I have watched the same disappear at speed over the past weeks.

I have no intention of selling at this point. The talk of running out of money, going private and takeover are all bluster. This is aim - companies will always be able to raise cash because there are always gamblers ready to create liquidity and brokers willing to take a measured punt.

We may be further diluted in the future - so be it, I would rather that than the overdraft as no doubt there will be a clause int he overdraft that will allow for a backdoor seizure of the company if the debt isn't repaid

Will we be taken over - (maybe but no more than 1.5p if it comes before licence)
Will we JV - most likely.
Will we get the licence - I expect so. (3 Billion Kyat in an escrow account plus another K300m for the licence application -not cheap to apply - Eric sacked and a fit and proper Mr Chong at the wheel)

Catalysts for the SP will be the granting of the licence
Appointment of a new CEO
Ability of the new team to provide effective communication of all the promised KPI's in a timely manner and of course these need to steadily improve

It will be a long road back but i am sure I am not the only one to give it a chance

Glad I bought £10K worth of these yesterday.

I watched POT stocks over the past year go through the roof

Perlite and Pot demand will go through the roof as cannabis is legalised globally.

This is a good long-term wealth accumulator

Cheers GG

At this point I am so deep in here I have no intention of selling. My timeline was always 2020 as I didnt expect a takeover but rather a JV

The dumping of Eric is already yielding corporate positive, albeit shareholder negatives. Raising cash is never good for existing shareholders but the risks for new investors at this level have to be weighed up against the recent corporate actions.

Chong is the first honest executive at this company and hopefully he gets his rewards and takes the company to the next level. Its a long way back to 1p but to be honest when you look a the amount of stock that has been piled on the market over the past few months it isnt a shock to see us down here.

Atlas conversions will come like a steam train now and will undoubtedly be completed ahead of licence award. Its the way of the AIM market and we are just liquidity providers

only thing that is dropping. What an announcement this morning. I would say that as joint broker SVS have already forward sold this stock

Thankfully Chong has followed up his Proactive interview with the truth around numbers. Its was obvious he didn't like the way Eric and Pottinger where portraying them.

Trying to decide if this a clean the slate sort of RNS or more of the same. I will give Chong the benefit of the doubt and welcome the new format of quarterly reporting and relevant KPI's

Longer road to recovery for the Share Price

On another note - thanks for all the good wishes. First day of Chemo done and the journey to get rid of the Hairy Cell Lukemia has started well

Cheers Graham - Keep them honest

Even our resident debaters

Its all a big game that few control and certainly not worth turning nasty on each other on a BB

As a 43 year old man I am walking through the doors of the cancer ward on Monday for treatment for Lukemia, so keep it all in perspective. Up until three weeks ago I was training for an Ironman with no worries other than Eric steering us with blindfolds on. Life changes quickly

Keep everything in perspective lads over the coming weeks. I will be checking in every now and then when I can.

No more top ups for a while. Hope the price doesn't drop now that I have stopped shoring it up :)

Would you like a medal

Keep calling your Short. Your as obvious as the daily ramper's that bought yesterday and sold this morning

Those who traded yesterday on the expected rebound have a limited timeline. They will be bouncing into the next idea and happy to take any price to move on

The rest of us will just wait this out and take advantage where possible when the price drops

I am not sure what you get out of this if you aren't short other than the feeling that somehow you are an investment guru. If that is the case you should really have received more hugs as a child.

Good luck

especially when you have a short on :)

Revenues will be very different when the banking licence is granted

Do you buy after the fact or do you sit on the sidelines waiting for a further discount. Everyone can make up there own mind.

When Mypay where bought out they most likely wanted an all cash deal. MySquar where not prepared to pay out cash (may not have had it) for the whole cost. MyPay where straight on the market to sell their shares (No doubt as a result of Eric getting the boot.) Since then the price has drifted down on weak sentiment and stock overhang. Stock has now cleared, the last connection to Eric has gone and the company has cleared the decks.

Would not surprise me if this was the stipulation for a banking licence following Eric's recent court visit. - Fit and Proper requirements.

Fintech company with associated revenues plus advertising and gaming revenue? If and it is priced for "if", they get this right then even you Chris and Graham have got to admit that this is a decent punt

IGood luck all

Buys moving bid and offer up now Stay strong today and we will mark up again at the open Good luck

Fingers crossed the big seller is done and some smart money is coming in Welcome also to all the traders. 100% return at these levels only takes us back to the point where MyPay started the pressure push down. They may have gone - but someone has bought there stock at a very low price. Time to get the rns flow started now they are gone

The fact that it’s an odd number suggests whoever this seller is has moved all the stock Another nice 2m buy going through

When the boot comes off the throat

Would be nice to clear the overhang and see how the share price responds

Had you have changed your valuation again The short must be flying Oh yeah you haven’t got one