RE: MYSQ: Nic Duke Chart Podcast today4 Apr 2018 08:28
And she predicted 10p last Autumn and look what happened. The following podcast, she predicted a low of 0.49. I personally wouldn't get excited by any predictions made on this share. It has a tendency to do whatever it likes, based on where the MMs want to take it. So my predictions for 10-15% chancers was correct then. One more thing I was correct on. I see one or two new names on here already, all indirectly claiming that the company is going from strength to strength and that they have so much knowledge about the company. I am sure there are other new names who are yet to show their pump and dump support, but in time, no doubt will make themselves known. Many canny investors will not get too excited with a SP at 1.4 to 1.5p after the last rns. There will be more support nearer the 1p level as people have already worked out that 1p would represent a potential 2 bagger instead of a 1 bagger from where the SP is at present. Chong is going to have to work his magic on this if the company is to be saved from further debt and borrowing imo. The Rising Dragon loan facility will have to be tapped in order to keep the lights on and pay wages etc. There is no denying that the company are in serious financial loss, amounting to circa 2 million dollars. Until Chong remodels MYSQ, I can see this retreating to the 1p levels. It is clear Chong is trying to package MYSQ for an eventual sale by integrating certain offerings and doing away with other less profitable aspects of the business. It is almost as if he has been given an instruction by a potential buyer to streamline the company and make it profitable again before it can be sold. Chong needs to concentrate on the core business and that seems to be through gaming and eventual advertising revenues. If Chong cannot do this inside the next several months, I don't think MYSQ will be able to survive imo. A real shame, as it has always had potential - just not applied correctly or efficiently.