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Thursday 14 December 2017 | ShareProphets: The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares



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An Open Letter to the FRC: Please investigate MySquar for overstating assets and understating losses

2017-12-05 02:51:24

As you know, the folks round at the Financial Reporting Council are the one watchdog that is prepared to bare its teeth when it comes to wrongdoing on the AIM Casino and are also good pals of mine, truly appreciative of my work. And thus I have written to them about the holocuast denying fraudsters at MySquar (MYSQ) requesting that it launch a formal investigation into how it cooks its books. 

MySquar - Eric Schaer & Piers Pottinger may your souls burn in hell, you are despicable & evil

2017-11-30 01:50:04

I shall cover the abject results from fraud MySquar (MYSQ) in detail later. But first there is the matter of why the souls of CEO Eric Schaer and chairman Piers Pottinger will burn in hell. They are men beneath contempt - I refer you to a statement in today's numbers relating to events in Myanmar.

Non paying registered users are total vanity, cash is reality - the FRAUD MySquar spoofs the morons again

2017-11-22 02:43:13

In the gold old days the fraud MySquar (MYSQ) used to report breathlessly on average daily sales volumes - that is to say cash coming in. But - as we subsequently discovered - that was largely related party non core income and it fell off a cliff on July 1. Not that MySquar bothered to let us know about that until it had got a bailout placing away. On any other market than the AIM Casino that would be securities fraud. Heck, even on the Zimbabwe Stock Exchange you'd get your collar felt for that. But on AIM fraud is okay as long as you pay your fees. Anyhow these days MySquar serves up different bollocks.

Letter to AIM Regulation - Time to end the MySquar fraud Farce and to Strip SP Angel of its Nomad license

2017-10-21 01:28:44

The past week has shown clearly why MySquar (MYSQ) shares should not be traded on any market, even the AIM Casino. I demonstrated HERE that it had lied to investors in an RNS this month. That lie stands uncorrected. I demonstrated HERE that without any doubt it had committed wholesale securities fraud on July 31. This was chapter and verse stuff and MySquar is now exposed. Yet nothing has happened. As such I have written to my pal the bogus Sheriff of AIM, Mr Marcus Stuttard the head of AIM Regulation

Chapter & Verse: How MySquar committed securities fraud on July 31 using related party companies

2017-10-20 00:15:46

It is clear that Nomad SP Angel does not care if its client MySquar (MYSQ) issues lies via RNS and it has not bothered to ask the one question that would show very clearly the Securities fraud committed by its client on July 31. It is a sorry state of affairs and I shall be writing to AIM Regulation and to the chairman of the LSE later to ask that SP Angel's license be revoked as it is clearly not fit and proper to run a public lavatory let alone be a Nomad. But now for John Meyer and his fellow dullards at SP Angel here is how your client defrauded investors.

MySquar - video of CEO Erik Schaer lying

2017-10-19 06:20:51

The LSE Asylum recent hosted an evening for its moronic readers at which MySquar (MYSQ) presented. Afterwards its CEO was interviewed. Natch PROVEN RNS LIAR Erik Schaer told at least one whopping lie ( sales in the Quarter ending September 30th were NOT 400% up on the prior year). Natch the interviewer did not ask Erik about the securities fraud or the fact that MySquar was running out of money. Instead he was allowed to LIE that the last funding was to be used "for acquisitions and investments". Nothing to do with keeping the lights on as it burns cash then. Puke. Keep selling - target price 0p. How on earth can Nomad SP Angel stand for this nonsense and ask us to take it remotely seriously?

Tom Winnifrith buying MySquar shares -"news" from the LSE Asylum

2017-10-19 01:00:10

It is on the LSE Asylum so it must be true. This moderated forum censors readers who say express bearish stances on frauds like Cloudtag (CTAG) and MySquar (MYSQ) but gives its readers free rein to discuss my mother's suicide or to, oh the irony, commit market abuse by knowingly spreading an untruth that I have committed market abuse by telling you to sell as I buy. And like moths to a flame they all leap to discuss this obvious lie in great detail.

MySquar: twitter "news": Tom Winnifrith under Police Investigation & to be sued for defamation

2017-10-18 07:44:25

Heck it is on twitter so it must be true as you can see below

FRAUD: MySQUAR fesses up to error in profits warning but still will not answer the big question re FRAUD

2017-10-17 01:56:37

What on earth is clueless Nomad SP Angel thinking? Its client MySquar (MYSQ) last week issued a (lack of) profits warning which means that it has either committed securities fraud or merely a massive breach of AIM Rule 11. Investors need to know what its sales were in July (as opposed to the July-September average given) in order to know how bad this will be. I have pressed SP Angel to force a statement and indeed the retained broker Beaufort has - to its enormous credit - also pressed but instead...

When facts change what do you do? If you are a MySquar owning moron you ignore the facts

2017-10-13 00:51:22

I bring you below a twitter exchange with a moron who owns shares in MySquar (MYSQ). There is no hope for some folks, they deserve an inevitable fate of poverty.

MySquar (target price 0p) - let's work when the cash runs out

2017-10-12 06:27:41

The first pressing issue with MySquar (MYSQ) is whether it has committed securities fraud or merely driven a coach and horses through AIM Rules or both. I hope that either SP Angel or Beaufort will force it to reveal July sales numbers to give us an answer. The next question is when does it run out of cash? Here is my best estimate.

Tom Winnifrith "well educated and well read" says MySquar boss Schaer as Pizza Hardman Atwater grills him

2017-10-12 00:04:19

The first question at the LSE Asylum moron-fest with MySquar (MYSQ) boss Erik Schaer was about me. Apparently the old rogue thinks that I am "well educated and well read." Well he ain't wrong. But flattery will get him nowhere. I sent Pizza Hardman Darren Atwater along to grill him and the questions only mount.

Beaufort on MySquar - is this the worst broker note of the year?

2017-10-11 07:34:54

Clearly no-one told Belfort Securities that its star client in the fraud sector, MySquar (MYSQ) was going to have a disastrous lack of profits warning today which exposed how it had massively misled investors for months. Because yesterday it urged its clients to fill their boots at 4.02p with a 21p target. At least this shows that at Belfort the Chinese walls between research and broking have no chinks in them. The shares are now 2.98p and are worth 0p. Over to Belfort.... 

An Open Letter to SP Angel, Beaufort Securities and AIM Regulation re shamed MySquar

2017-10-11 03:35:53

I have written a letter to Nomad SP Angel, broker Beaufort Securities and the oxymorons at AIM Regulation re shamed MySquar (MYSQ). Has it committed a massive breach of AIM Rules or Securities fraud or both and will anyone do anything about it. The letter follows:

MySquar - another marriage made in heaven: it's presenting to LSE Asylum members tonight. Or is it?

2017-10-11 03:14:29

After today's shocking revelations from MySquar (MYSQ) only a complete anhd utter moron would consider buying the shares. Luckily for CEO Erik Schaer he is set to meet a few dozen of the stupidest people on this planet this very evening.

Reason to sell MySQUAR No. 135: Shocking trading update - pre-placing lies ramp all too clear

2017-10-11 02:09:53

The reason for the deafening silence emanating from uber-dog MySQUAR (MYSQ) became all too clear this morning as it issued a shocking trading announcement which makes clear that revenue has fallen off a cliff. Surely something should have been mentioned at the time of the placing in late-July?

MySQUAR: Finally, house broker Beaufort confirms “operating break-even” actually means “still heavily loss-making”

2017-08-11 01:55:56

I always take house broker notes with a heavy pinch of salt as they will paint as optimistic a picture as possible so this morning’s effort from Beaufort Securities on its client, MySQUAR (MYSQ), surprised me somewhat with its honesty but it’s good to finally put the nonsense about “operating break-even” to bed.

MySquar - the numbers just make no sense whatsoever - what is it hiding?

2017-07-29 00:04:01

AIM Casino uber-ramp MySQUAR (MYSQ) 'fessed up on Friday that, as I had revealed 24 hours prior, a placing was underway but it insists that it does not need the cash. Really? I want you to consider a few numbers.

BREAKING: MySQUAR - Placing Under way: Source

2017-07-27 01:49:32

The trouble with Norfolk's is that in the end they run out of other people's money. And that brings us to MySQUAR (MYSQ) the sort of company which, even by the lowly standards of the AIM Casino, is a dog. A Source has been on the trombone and says...

MySQUAR - are its claimed user numbers exaggerated?

2017-07-20 00:50:49

On 16 January 2017 MySQUAR (MYSQ) claimed in an RNS that the number of registered users of its apps had exceeded 7.5 million. But was that actually true?

MySQUAR - the out of the money warrant exercise that tells you its placing ahoy and this is a slam dunk Norfolk

2017-07-17 01:48:43

For the second time in a week we have seen share options exercised at AIM listed Norfolk MySQUAR (MYSQ) - this time it is 1.875 million warrants exercised at 5.5p which will add £103,125 to the coffers. that is kind of handy for this cash guzzler which is close to running on fumes. But this is a spoof.

MySQUAR Limited – was brought to AIM and is audited by PKF Littlejohn – what could possibly go wrong?

2017-07-14 00:18:16

In a brochure boasting of its (dis) services to the capital markets, auditor PKF Littlejohn proudly lists some of the clients it has helped bring to London’s capital markets (some of which it also audits). The roll call of shame includes:

The dubious modus operandi of MySQUAR boss Erik Schaer part 2

2017-07-10 02:05:54

Our recent coverage of AIM Bulletin Board Moron darling MySQUAR (MYSQ) HERE and HERE should leave you in no doubt that this is a piece of crap heading for 0p. At the heart of the issues are the related party deals  conducted with other Schaer companies which explain most of the "sales" MySQUAR reports. Earlier toady we ran a piece which exposed the dirty business practices of Schaer when he used to operate in the USA, as you can see HERE. Now for part two which shows what an A grade shyster the man is, another reason to exit this stock ASAP before it goes tits up.

MySquar - tell us about the CV of CEO Erik Schaer & why has he surrendered his US passport: part 1

2017-07-10 01:24:31

Our recent coverage of AIM Bulletin Board Moron darling MySQUAR (MYSQ) HERE and HERE should leave you in no doubt that this is a piece of crap heading for 0p. At the heart of the issues are the related party deals  conducted with other Schaer companies which explain most of the "sales" MySQUAR reports. Does Schaer walk on water? Er...let's look at his CV.But before we start I notice that he surrendered his US passport in 2015. I wonder why?

MySQUAR – three questions it cannot or will not answer

2017-07-06 02:36:57

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.

MySquar - Why today's statement is just such horse - part 2

2017-07-04 03:48:20

I am grateful to the great Waseem Shakoor who has made me realise just how much of a darling of the Bulletin Boards MySquar (MYSQ) has become. The posts are legion, the idiotic hatred of myself ( he always gets it wrong) of Waseem, the casual homophobia is all there. That makes me more convinced that ever that with its crackers valuation and misleading statements this is set to crater. Earlier I addressed that matter of insane valuations and casual use of language to hide the truth but there is a secondary, and more devastating issue.

MySquar - the bollocks trading statement and crazy valuation

2017-07-04 02:49:50

AIM ramp de jour MySquar (MYSQ) has today boasted that in the last days of June as daily sales reached $8500 "the business has reached a very significant milestone of achieving run rate operating breakeven". Er..can you smell the red herrings - they are hidden underneath the red flags.

Mysquar Ltd Part 2: Taking liberties with the Truth

2017-05-27 02:10:04

I wrote about Mysquar (MYSQ) last week and promised to explain how conflicts of interest and accounting shenanigans make it uninvestable. In the AIM admission document of two years ago it is stated:

MySQUAR, a total basket case. Sell at 5.1p

2017-05-21 02:05:39

I wrote recently about AIM listed BNN Technology (BNN), a flaky and wildly over promoted China tech play, but having had a look at Burmese tech play MySQUAR (MYSQ), BNN looks a solid blue chip.

MySQUAR: it’s all kicking off, let’s take a proper look

2017-05-19 04:09:33

I feel partly to blame for the ongoing war between the bears and bulls on MySQUAR (MYSQ) as I started covering the company at the start of the year on this site with a piece that was largely a writing exercise to see if I could write 400 words without using the letter ‘e’ (HERE). So I thought I’d better give it a more considered view now as I do have a bit of relevant expertise.

You have to be barking mad to own 16% of MySquar - its official

2017-05-16 00:27:51

AIM listed MySquar (MYSQ) is a total rum and coke of a company. It is hard to believe a word it says. The bear community is convinced it will be a zero. But the shares have been ramped to high heaven and helped by a chap called Josh Adams buying a 16% stake through his Imperium vehicle. Josh Adams ...the name rings a bell. Oh that nutter!

MySQUAR – “Significant Revenue Milestone and Product Update”. Ramparoonie.

2017-05-09 08:14:55

On MySQUAR (MYSQ), Cynical Bear has previously warned of rampers and pumpers being out in force. Having commenced May at sub 1.3p, the shares are currently more than 60% higher on the day, at above 4.5p, on the back of a “Significant Revenue Milestone and Product Update” announcement. Hmmm…

MySQUAR Limited – Sky high finance costs and even bigger deficiency in shareholders’ funds

2017-04-30 02:17:44

In its interim results for the six months ended 31 December 2016, AIM Casino posterboy MySQUAR (MYSQ) disclosed that it had prepayments under current assets of $174,428 and also prepayments recorded under non-current assets of $557,840 i.e. total prepayments of $733,268 or some 67% of total assets. Typically prepayments relate to payments made on property and related utilities or trade subscriptions for services covering a period extending past the year end and usually represent a tiny amount of total assets of a company and typically do not extend beyond one year. 

MySQUAR: A classic Pump and Dump

2017-04-11 01:04:57

I looked at MySQUAR (MYSQ) recently commenting on the apparent conflict between the broker, Beaufort Securities, and its lender, Sandabel Capital (HERE). The good news is that the Sandabel deal has now come to an end. The less good news is that the average PI here has just been played like a fiddle with a classic pump and dump and it is worth taking a closer look.

MySQUAR: Isn’t there a massive conflict of interest, Beaufort?

2017-03-31 03:38:55

I wrote about MySQUAR (MYSQ) at the start of the year (HERE) in part because I thought the share price was only going one way and nothing in the many announcements since including yesterday’s result have changed my stance; however, I did want to raise what I believe to be a massive conflict of interest involving its joint-broker, Beaufort Securities, and its lender, Sandabel Capital.

MySQUAR: A cash-burning, “jam tomorrow stock” – AVOID!

2017-01-05 07:39:24

A tad surprisingly, I got into cryptography at Christmas so, taking inspiration from a mighty opus in that domain, I thought I would look at a shockingly, disappointing stock, MySQUAR (MYSQ), using a particularly odd approach. No trophy for working out my antics as you may actually find it a risky topic to Disqus, but can I actually do 400 words on this stock in a fitting way with my customary virtuosity?

MySquar - placing ahoy?

2016-05-02 03:46:36

Myanmar based internet company MySquar (MYSQ) joined AIM last July at 10p per share. The shares are now 7.5p bid but following the appointment of joint brokers on 4 April, a reliable source tells us that it is placing ahoy! The price?

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