Mysquar Share Discussion Threads

[loglorry1] 06/7/2017 11:52

Alispc you say they don't need cash? Have you seen an RNS which states they are and will continue to be cashflow positive?

Regardless the point JN is making is that insiders who hold a lot of stock will want to turn that into cash by selling into the market. If you don't understand the mechanisms by which they achieve this you should not be investing in AIM penny stocks

[loglorry1] 06/7/2017 11:47

After tearing apart this week's bogus trading statement from MySquar (MYSQ) HERE and HERE, the AIM listed POS has tried to pop up its falling share price today with another piece of PR non news. We can address that later but first I have three more questions that it can't and won't answer.

In its annual results for the year ended 30 June 2016 MySQUAR recorded total revenue of $795,191, Note 5 of the accounts disclosed that $750,000 arose from the provision of technical services to MyPay a related party of MySQUAR. Mobile gaming and advertising generated revenue amounted to $6,353 and $38,838 respectively i.e. just over 5% of the total.

In the interim results for the six months ended 31 December 2016 total revenue was disclosed as being $340,716. There was no disclosure of the sources of revenue nor any segmental revenue disclosures corresponding to that set out in note 5 to the year end results) notwithstanding this is a requirement of IAS 34 Interim Financial Reporting. There was also no disclosure of revenue to related parties.

Interestingly the interim results stated that:
“The consolidated interim financial statements have not been audited but have been reviewed by the Group’s auditor.”
Notwithstanding this statement there was no interim review report opinion from PKF Littlejohn LLP included in the interim report.

Question 1 What was the split of revenue between related parties, mobile gaming and advertising in the interim results for the six months ended 31 December 2016 and what were the comparative results for the six months ended 31 December 2015?

Question 2 Why didn’t PKF Littlejohn LLP formally report on the interim results?

In the highlights section of the Annual Report MySQUAR disclosed the following:

“Post period end highlights: Mobile game revenue has been growing strongly in the first months of the financial year ending 30 June 2017, from US$27,674 in August to US$65,659 in September, US$73,113 in October and US$86,098 in November.”

Question 3 Why the reluctance to provide the monthly figures for the subsequent months in the recent revenue updates and what were they?After tearing apart this week's bogus trading statement from MySquar (MYSQ) HERE and HERE, the AIM listed POS has tried to pop up its falling share price today with another piece of PR non news. We can address that later but first I have three more questions that it can't and won't answer. In its annual results for the year ended 30 June 2016 MySQUAR recorded total revenue of $795,191, Note 5 of the accounts disclosed that $750,000 arose from the provision of technical services to MyPay a related party of MySQUAR. Mobile gaming and advertising generated revenue amounted to $6,353 and $38,838 respectively i.e. just over 5% of the total. In the interim results for the six months ended 31 December 2016 total revenue was disclosed as being $340,716. There was no disclosure of the sources of revenue nor any segmental revenue disclosures corresponding to that set out in note 5 to the year end results) notwithstanding this is a requirement of IAS 34 Interim Financial Reporting. There was also no disclosure of revenue to related parties. Interestingly the interim results stated that: “The consolidated interim financial statements have not been audited but have been reviewed by the Group’s auditor.” Notwithstanding this statement there was no interim review report opinion from PKF Littlejohn LLP included in the interim report. Question 1 What was the split of revenue between related parties, mobile gaming and advertising in the interim results for the six months ended 31 December 2016 and what were the comparative results for the six months ended 31 December 2015? Question 2 Why didn’t PKF Littlejohn LLP formally report on the interim results? In the highlights section of the Annual Report MySQUAR disclosed the following: “Post period end highlights: Mobile game revenue has been growing strongly in the first months of the financial year ending 30 June 2017, from US$27,674 in August to US$65,659 in September, US$73,113 in October and US$86,098 in November.” Question 3 Why the reluctance to provide the monthly figures for the subsequent months in the recent revenue updates and what were they?

[aliaspc] 06/7/2017 11:04

And BTW Jak....no cash needed, stop spreading lies and do a little proper research instead of hanging with your bum chum TW eating stale pizza 8o)

[loglorry1] 06/7/2017 09:14

The big media companies could very easily translate content extremely cheaply if they chose to.

There's plenty of news content already in Burmese anyway eg

[dan de lion] 06/7/2017 09:00

The vast majority of the population only speak and read in the Myanmar unique language, how many sites in Myanmar have the base and the organisation to present all that the west is familiar with to the Myanmar`s!

[loglorry1] 06/7/2017 08:50

Dan de lion do you know how the Internet works? How are they starved of news when they have internet access now? This site is just translated syndicated news. Has no value.

[loglorry1] 06/7/2017 08:48

Have you anything to support claim 3 other than what the company is telling you? You really think that if there was huge potential the big players wouldn't be all over it? Mobile companies like viber etc have been active in Myanmar for years and are well positioned.


How much revenue is actually just related party revenue from Shaer's other companies?

[parsons4] 06/7/2017 08:43

There are 3 overriding facts here 1) country has a 48m population 2) mobile telephones are at a relatively early stage and more likely to be bought by the population rather than desktops for communicating and 3) MYSQUAR seem to be one of the first to be there covering all facets of communication. This means that the possible increase in revenue is huge !! all of course IMHO

[dan de lion] 06/7/2017 08:34

I would suggest that a country like Myanmar that was starved of good honest truthful news for years may very well welcome a site that contains all the information that they yearned for, this is in its infancy in Myanmar own language information and with MYSQ`s extensive base could be monetised quite quickly.

[loglorry1] 06/7/2017 08:27

So they've put a website online with some news stories on. Whoopsee do. These puffy RNS announcements will have less and less affect. Insiders will sell to any mug buyers they generate.

[miahkaysor] 06/7/2017 08:27

Here we go boys!!! 6p today!!!

[dan de lion] 06/7/2017 08:19

Well there`s a surprise, perhaps yesterdays buyers taking a quick profit!

[tini5] 06/7/2017 07:52

Shorts rushing to close today then lol

[dan de lion] 06/7/2017 07:39

Oh dear, for the shorts!

[888icb] 06/7/2017 07:34

RNS New Product launch by MYSQ of a news service for mobile devices. Excellent News that will broaden the company's market.

[damien darhk] 05/7/2017 20:12

Big Yawn, c'mon this is so amateurish. Remember You are a self appointed expert.

what are we going to find out? revenue passing 10K another 30% increase like to like?





How soon?

Please time frame.

For me soon, means 24-48 hour.

maybe a week max.


Considering you been here for month or so? seems soon for you actually spans many weeks or month.

That's not soon.


You are saying, it had a great run. So it has nothing to do with it being a dog?

It's just your perception the run is over. Is that correct?

[loglorry1] 05/7/2017 19:24

Big yawn.... same old guff. If you got in low well done. It's likely we'll both make money. It's had a great run those arrogantly thinking that will continue will find out soon enough.

[damien darhk] 05/7/2017 18:57

why would you buy if 0p is coming?


You have unlimited timeframe.



Let be guess you do not want to be locked in if it goes in administration, yes I can understand no one wants to wait 6 months.

Forgive me, another question.


Now I understand. You are shorting and hence the reason you said 0p when the share price was at 3.59p on the 7th June. A short at such prize looking pretty sick, if you not mind me saying.

Thanks for clarifying that. I am a beginner, just trying to understand traders psychology.


I do not understand something though. You states it's a dog, 0p is coming , you are short.

But you do not tell us what's the time frame for 0p.

Are you going to close on the way to 0p or on the way to 10p?



I know I am going to die one day do not know when. Hope you get my gist where I am heading.

[damien darhk] 05/7/2017 17:14

I am sorry why would you buy something you expect to go to 0p? which you characterise as a dog?

Do you like to lose your money?

Why not give it to good cause instead of MMs?


So you do not expect it to go to 0p then? Have you miraculously changed your perception ?




JakNife5 Jul '17 - 11:36 - 1380 of 1396 1 1
"I will be a buyer at some point."

It's good to find agreement on something - so will I!

[shareho1der] 05/7/2017 16:24

Damien,Don't expect a reply. They are back in caves now that the share price is rising