Member Info for nextriser

I think mysquar wont come back to the market and a deal with Tencent will be done. Dont think Tencent will want this listed and prefer mysquar to be private.

Seems like the 300k payment in lieu might of not been paid.

Is this why Eric dumped all the shares in MYPAY and didnt allow mysquar to withdraw part of the 1m loan?

So do the company know who will potentially be CEO by 1st January.

They made Chong a director in the company maybe because Tencent wanted this?

This was on the RNS dated 5th October

"The loss for the full year is expected to increase substantially as a result of the acquisition costs of MyPay Myanmar, amortisation charges and the one-off costs of staff rationalisation, management changes and fundraising expenses."

8th October RNS WeChat deal & Board changes

"MySQUAR further announces that Eric Schaer has resigned his positions as CEO and director of MySQUAR. Eric will receive 12 month's salary in lieu of notice. In the meantime, Stephen Chong, currently COO of the Company (non-board role) has been appointed interim CEO and a director of the Company. In addition, the Company proposes to strengthen the Non-Executive board of the Company by the appointment of Stephen Austin as a Non-Executive Director".

Chong seemed very happy and enthusiastic when he mentioned Tencent.

ByteDance (Chinese: 字节跳动) or Bytemod Pte Ltd. is a Chinese Internet technology company operating several machine learning-enabled content platforms. Bytedance made $2.5 billion in revenue last year, according to Bloomberg’s figures, but like most startups in its position is not yet profitable. <br /><br />And people think Mysq should be making a profit lol.

Have you heard anything else?

Genuinely think this company can be successful with the right leadership.

If it dosent go the way we all want then it is what it is.

Austin uncovered the fraud by looking at the books. Good to have him on board as you know the company will be legit going forward.

Tencent will mostly likely want Chong and Austin to stay if a deal is done.

I think that might be a requirement for a sale to take place.

Surely the source for the Times newspaper must now a deal is being lined up otherwise why would he mention this.

The terms will probably be half of what they initially offered or less than half.

Now that everything is in the open and the corrupt have left the company, Tencent could take MYSQ forward.

Would Tencent be willing to become a partner in MYSQ or even Atlas?

just means raising funds will be harder.

The company can still be sold even if it is not listed anymore.

Remember a creditor of the company has in principle agreed to fund the business.

Just waiting for due diligence to be completed.

If funding is sorted then a better price can be achieved.

MYPAY/Mobile money must have a value.
6/7 million unique users must have a value.
Leading platform in Myanmar must have a value.
Games must have a value.
Call home must have a value.
Myminglabar must have a value.
We chat deal must have a value.

We wont get 4.15p

More like 2p to 2.5p per share if a offer does come in.

Now the nomad has resigned it could be better for Tencent to take MYSQ over.

Buy the shares and keep the company off the market.