Mysquar Share Discussion Threads

[doc robinson] 06/6/2017 07:24

Pretty impressive future looking positive.

[888icb] 06/6/2017 07:15

RNS Daily revenue up 40% compared to beginning of May so now $7000 instead of 5000.
Confirmation that MYSQ is on track for break even by the end of this month.
Good news!

[droyden] 06/6/2017 07:11

The Company continues to make significant progress in achieving its monetisation targets. Average daily revenue reached USD 7,000 in early June 2017, an increase of 40% from an average of USD 5,000 during the first week of May 2017 (and c.USD 5,500 for the whole of May). The majority of current daily revenue continues to be generated from gaming and mobile payment application development services.

[trytryandagain] 05/6/2017 15:05

Bought another 5K didnt think I would get the chance this low. Nothing like averaging up :-)

[smithless] 05/6/2017 14:06

3p next stop - far to charitable. Just hope the idiot who bought 16% of this nonsense geared himself up

[loglorry1] 05/6/2017 09:04

No doubt the P&D crew had it all geared up on spread bets. As they all rush for the doors this will get creamed further. Insiders will be selling left right and centre.

[bumpa33] 05/6/2017 08:54

well and truly in 'pain trade' territory now...

[professor pettigrew] 04/6/2017 02:41

3p next stop. All aboard.

[bumpa33] 02/6/2017 19:51

Trytry again, with respect, if you let emotion control you, sooner or later you'll be fodder for the market. You could actually learn something here, however as I'm sure you prefer confirmation bias, then you better get back to LSE and your fellow amateurs.

[trytryandagain] 02/6/2017 14:15

Oooh look day traders. Can't wait for revenue news and we can say goodbye to you all. I guess we won't be hearing your nuggets of wisdom when the share price is rising, I will wait to be proved wrong. I am here until 2018 at least if your interested in a conversation next April so I can mock your insight.

[loglorry1] 02/6/2017 13:29

Indeed but with the company registered in BVI and specific rules which allow insiders to do what they want it is almost impossible to get any sort of disclosure.

We have a situation where the BoD can print stock and pay that stock and/or warrants to any related parties who can dispose of that onto the market for cash with impunity. Other than an overall limit on the amount of share capital there is nothing to stop them. Even then all they do is make related party secured loans to the company and hold a gun to shareholders heads to make them vote at an GM to issue more stock or else lose all the assets.

Half of me thinks its shocking the other half things good gig if you can get away with it.

Agree the NOMAD's are hugely conflicted and the company either directly or via a PR firm seeds social media with ramtastic nonsense.

[bumpa33] 02/6/2017 13:24

Loglorry - I have a theory about LSE and Beaufort, held for some time now, I'm pretty certain on, but then I'm sure you understand what I mean.

[bumpa33] 02/6/2017 13:23

yep, looking distinctly like they've turned the tap off, for now.

[bumpa33] 02/6/2017 13:08

Loglorry - lack of disclosure on AIM is almost a given sadly.

[loglorry1] 02/6/2017 13:06

The key thing here is the lack of disclosure of sellers. From my reading of the admission document it seems that the company NEED take no steps to disclose insiders selling. There is provision there to allow them to disclose but no requirement.

We know that there have been many many transactions with related parties often paid for in stock as the number of shares ballooned since IPO. My suspicion is that all these shares/warrants will now find their way to market one way or another.

[bumpa33] 02/6/2017 13:02

Loglorry - which possibly explains that £130k print from a few days ago that LSE were getting excited by.

There's been a block for a while now, hence my comment the other day that there were was further form behind the 750k on offer at the time.

I'd guess (from the change in form when it dipped to 3.95 on the bid) that the seller may have eased off, for now.

How long that lasts and when/whether they reload is anyone's guess, though again with the right tools, it's not too difficult to spot.


Edit: plus it's Friday afternoon so could be another pointer to easing off, though let's see.

[loglorry1] 02/6/2017 12:51

For those that don't know how a big block is traded they might find this explanation interesting (Bumpa I'm sure you know).

A large block say 20 million shares is left with a broker. I suspect in this case from an insider. The broker will offer a small fraction of that to market makers usually at the offer or just inside. They will be the best offer in the market and will not like to be undercut. A retail guy comes in usually from a discount broker and sees the offer and will often just take that price but usually in much smaller size. They reason that the price has fallen a lot so its a steal even if they pay full offer.

This can go on all day and for several days if the small block is depleted it can be topped up from the large block but at some point retail buyers dry up and so the big seller has to lower the offer to attract more bidders.

At times the seller may totally withdraw from the market and allow the price to recover only to come back later.

Often the large trades are reported as a single print later in the day or even days later. Because the price has fallen since these prints can be labelled as buys and the loons on LSE jump around saying whooohooo "2m buy at X".

[bumpa33] 02/6/2017 12:19

Bit of support here it would seem...

[sidjameslaugh] 02/6/2017 12:01

Hmm. Now I'm ready for a few purchases. Will give it a bit

[bumpa33] 02/6/2017 11:56

sub 4 and it gets interesting, volume not much to write home about but that could accelerate quickly...

[bumpa33] 02/6/2017 11:53

80k at 3.6p Someone just got mugged...

[bumpa33] 02/6/2017 11:50

To be fair to the mm's they've been trying their level best to encourage buying, but so far it's not working...

edit: looks like they've thrown the towel in on that one though.

[bumpa33] 02/6/2017 11:16

You're welcome...