Dear Shareholder, on 6.6.17 you wrote:
Q: Are you able to confirm if the new blackjack product in Lucky Wingabar has now been launched?
The blackjack game, Lucky 21, was added to the Lucky Wingabar casual gaming platform on 7 June 2017. See a preview of the game here: http://bit.ly/LWLucky21.
Dear Shareholder, on 31.5.17 you wrote:
Q: Being an investor in your company I'm interested in knowing if you have plans on releasing versions of My Hero in full worldwide languages or will it be in only Burmese. I can see My Hero doing well in other countries.
Dear Shareholder, on 6.6.17 you wrote:
Q: I have downloaded your new game My Hero - Bo Lattae via App Store and love the game - but would like the translation in English - do you have this as I think it would rocket if you did.
Games will not be released internationally as the Company has only acquired the license for the Myanmar market. It does not make sense to release an English version of the game for Myanmar as English is not widely spoken.
Dear Shareholder, on 18.5.17 you wrote:
Q: How does/will MYSQUAR earn revenue from:
1) MyChat (what are premium services, what is the dating facility?)
MyChat's introductory premium features are anticipated to generate revenue from paid stickers (5 initial sets already released with at least one new paid sticker set monthly), dating (where users can look for free, but must pay to chat) and horoscopes (users pay to receive weekly horoscopes from a famous astrologer in Myanmar for a set time period). Additional premium features are under development.
2) CallHome (when it launches)
CallHome officially launched on 31 March 2017 with the most recent updated version released 17 May and will have new releases as needed. Currently, users purchase bundles to call any phone number in 190+ countries at affordable rates.
Q: Where do you expect revenue growth to come from over the next 3 months?
The Company anticipates multiple revenue streams from new and existing casual and hardcore games run on the freemium model, MyChat's premium features, CallHome's VoIP services and fees from Fastsell and mobile application development services.
Dear Shareholder, on 11.5.17 you wrote:
Q: In the recent placing, a number of shares were placed with institutional investors. I was wondering what the lock-in period is (if any) for the placing shares? Therefore I should be grateful if you could tell me when the lock-in period expires (if there is one).
There is no lock-in period on the recent placing.
Dear Shareholder, on 3.5.17 you wrote:
Q: The company stated that WuKong would be released in early April but I have not seen it on the company’s product page or a download link etc on the Facebook page. Will the market be updated on the reason for the delay?
The release of WuKong has been delayed due to unexpected software localisation issues with the game studio (the licensor). The issues impacted the user experience so we decided it is better to delay the release than have a failed launch. We are working closely with the game studio to resolve the issues to release the game and will provide an update once we know more. In the interim, we are pushing up other games in the pipeline for earlier release to make up for this delay.
Q: Also, I am concerned by the download numbers for Call Home (500-1000) considering it is meant to be a full release (even though the version number is 0.8.5, which suggests it is not a full release). I could not see a proper Facebook page as there is for the games when they are released. Is it still in the testing phase or has marketing not taken place yet?
The international version of CallHome has been fully launched, however we are making some background improvements to fix minor bugs in the call clarity. Version 1.0 was just released on 5 May 2017. Also, we have not run full scale marketing yet as initially CallHome was built for calls only to Myanmar and has been expanded to support calls to several countries within the region. Once the re-branding is completed we hope to see larger download numbers. You can find the CallHome Facebook page at @CallHomeMySQUAR.
Dear Shareholder, on 22.3.17 you wrote:
Q: Is the Ooredoo deal still in place or has it expired?
The cross-promotion partnership with Ooredoo expired.
Q: Is the company in discussions with the other network operators for any cross-promotion or carrier billing agreements?
Yes, the Company is making it a priority to seek integration with other major telco carrier billing providers.
Q: Would MySQUAR consider integrating any taxi hailing apps such as Oway and now Grab or develop their own?
The Company is considering various market opportunities and/or integrations that can be added as additional features to MyChat.
Q: Is there any update on MYPAY? If not, would MySQUAR use an alternative like Wave Pay?
There will be updates on MYPAY included in the upcoming interim report.
Dear Shareholder, on 2.3.17 you wrote:
Q: What is the amount remaining on the second convertible loan note? Is that US $250k left to convert?
For the second loan of US $2 million, as of 3 March 2017 the Company has drawn down US $1.1 million in principal value of which Sandabel has converted US $650,000 into shares and US $450,000 is outstanding. The remaining loan available to the Company, which has not been drawn down yet, is US $900,000.
Dear Shareholder, on 16.2.17 you wrote:
Q: Would you be able to give me the information on the costs of the in app purchases in local currency, obviously this information is freely available on the app I am just unable to work it out due to the language barrier.
In-game assets can be received by purchasing: 1) gems only or 2) bundled packages with gems, gold, energy and/or character enhancements. Users can use gems and other rewards to purchase additional weapons, powers, character enhancements and access to additional warriors.
There are over 10,000 items for purchase in the game ranging in price from 20 to 2,500 gems such as obsidian, magical boots or Hero Nobunaga with more items becoming available as a player advances in the game by conquering levels.
1) Gems only:
2) Bundled packages:
Note: Some questions have been edited for grammar.