Member Info for nextriser

Telegraph can be a reliable source so they must of spoke to someone within the company or linked to MYSQ.

There a few ways you can interpret this.

Are they in discussion or just looking at a sale?

If atlas give funding what would the realistic price per share be for a sale of MYSQ?

The question are:

Is there a bidder who has made themselves known to the board?
Is this just something the board are considering?
Where did the Telegraph get this info from?

If the company cant use this facility, dont MYSQ get the payments refunded?

Surely these unauthorized payments can be recovered.

Myanmar-focused social media outfit MySquar has discovered that almost £1m of company funds found its way into the pockets of former directors and third parties without board approval, while talks continue over potential emergency funding.

who knows could do.

Eric is definitely reading the board now he has time on his hands.

Me too. I am guessing if Tencent go for a full takeover they will be pursuing Eric and the best thing is they could go after him until they get the desired outcome. Money wont be an issue for Tencent.

Add the missing 900k to 1.8 million, give us 2.7 million.

That is nearly £7500 per day!

Hopefully Chong feels he can make MYSQ a success.

If he can point this out to Tencent, maybe a deal can be done soon.

is in talks to sell the business to Tencent.

With games revenue up 74% and 4.3 million raised this year, on top of revenue of 5k per day, the company could be a business Tencent could take into profitability quite quickly.

If funding can be sorted, this should help the board to secure a better price per share for the company.

Mysquar has first mover advantage as well as 6/7 million unique users, Mobile money, Games, call home and myminglabar.

The accounts for MYPAY will also need to be investigated as well as previous accounts for Mysquar.

Another question is, if the 900k wasn't missing, would MYSQ have reached break-even this year?

business and thrive now that Eric has left.

Just need funding news asap.

Eric has walked away a rich man. 300k salary payment in advance, 1.5million because of mypay, missing 900k cash!

No wonder he resigned, how can a guy who help himself to the tills, lead an investigation.

Pottinger should of asked himself what he was doing when he was taking monies out of the company to his account.