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MSM - MSM CORPORATION INTERNATIONAL LTD


blacksheep
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Another stock seems to have lost some of it's former gloss?

 

MSM Corporation International Limited is a digital technology and media entertainment company that, via the first product offering, Megastar Millionaire, will launch the world's richest

online, mobile-first, talent discovery competition platform

.

 

Brief history - all IMHO, so DYOR

 

Raised A$10.5 mil via the issue of shares and convertible loans in August last year.

 

Celebrity superstar Usher appointed as MSM as Megastar chief creative director.

 

Celebrity investors noted on the register and everyone got very excited - https://hotcopper.com.au/threads/megastar-a...96#.Wn0L-uhua70

 

RaaS Research undertakes a number of "commissioned" reports - http://msmci.com/research/

 

MediaÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ &ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ CapitalÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ PartnersÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ seem to be media advisor? Their name appears on anns. They're also connected to Stockheads -http://www.afr.com/brand/rear-window/media--capital-partners-launch-journalism-startup-stockhead-20170821-gy0jd

 

Money quickly runs out, resulting in Placement Completed to Accelerate Growth - $3.4 Million Capital Raising - in November 2017

 

Money again quickly runs out resulting in TH re Cap Raise, followed by Voluntary Suspension in January this year

 

Ann out yesterday - "Binding commitments received for the placement of 40,000,000 shares to raise $1.72M before costs. Intention to undertake an entitlements issue to eligible shareholders on similar terms to the placement"

 

According to their last quarterly they had $1.4 mil in kitty and expected outflow this quarter was $1.7 mil, so this new injection of funds won't go far - particularly if the entitlement offer isn't taken up. Also they seem to have trimmed their staff and admin costs by half in their estimates for this quarter compared to last quarter actual. Income for last quarter was (gulp) $6k whilst operating expenses (gulp, gulp) $6.2 MILLION - but then Usher doesn't come cheap.

 

Best of luck to holders.

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  • 3 months later...

MSM back trading, after a long suspension. Looking to raise more funds - wonder if these rockstars will stump up again?

 

tolga_kumova$MSM the moment you realise your app is top 5 downloads in USA! Go Megastar Millionaire!! Well done team!

shaunwilson29

roze_cookOh wow! Well done @tolga_kumova

tolga_kumova@roze_cook I didn't really do much. Just backed some smart guys from silicon valley 2 years ago

roze_cook@tolga_kumova Smart decision on your behalf also!

paulee_delaneyAwesome! IÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ve been looking for the app rankings but couldnÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢t find any cheers mate go MSM!!

julianbabVery smart investment Mr Kumova.....I believe youÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢re in good company! @tolga_kumova

macashie87

 

If the big mining man TOLGA backing this one well now where talkin some serious movement in MSM share price.

https://hotcopper.com.au/threads/megastar-a...96#.WwN14UiFO71

 

@shimmer , just found out Tolga, Evan Cranston and Eddie King the trio from EUC are among too 20 oppie holders

 

MSM hit a high of 29c after it was revealed TK+team were invested - .SP currently 3.4c,

 

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Had a quick look at MSM's last quarterly cash flow :lol:

 

Good news - they received a WHOPPING $7K from customers :biggrin: also received $10k interest

 

Bad news - their expenditure :lol:

 

product manufacturing and operating costs - (835)k

advertising and marketing - (266)k

staff costs - (789)k

administration and corporate costs - (516)k

Net cash from / (used in) operating activities - (2,389)m

 

and ended up with $637 k left in kitty at the end of Q1 2018 - that's after receiving $1.7 m from a CR.

 

Total expenditure Q2 2018 estimated to be ($2.150)m

 

They hope to raise another $3.67m before costs

Pursuant to the Entitlement Offer, the Company will issue up to approximately 85,426,596 New Shares and 21,356,649 Attaching Options to raise up to approximately $3.67

million (before costs).

 

That leaves them, at the end of next Qtr, with roughly $2.1m - maybe just enough to keep the lights on for another Qtr. Let's hope their customer receipts ramp up considerably

 

 

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  • 4 weeks later...

That's a massive shortfall, announced after the market closed

 

Shares:

Total securities offered under the Entitlements Offer 85,426,596

Entitlements validly applied for 3,250,559

Shortfall securities 82,176,037

 

Attaching Options:

21,356,649

812,639 (taken up)

20,544,010 (shortfall)

 

Global digital technology and entertainment company, MSM Corporation

International Limited (ASX: MSM) (ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“MSMÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ or the ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ) wishes to advise that

the Company has received acceptances for 3,250,559 fully paid ordinary shares

("Shares") and 812,639 attaching $0.10 listed options expiring 7 November 2019

("Attaching Options") from eligible shareholders under the Entitlements Offer

raising total funds of $139,774, before costs.

Seems they have a plan B

 

It is proposed that the 3,250,559 Shares and 812,639 Attaching Options will be

allotted and issued on or before 18 June 2018.

 

As disclosed in the Company's prospectus dated 21 May 2018 (refer also to the

supplementary prospectus dated 31 May 2018) (together, "Prospectus"), the

Company has entered into a number of agreements with strategic investors to take

up to approximately $3,397,000 worth of the shortfall (comprising 79,000,000

Shares and 19,750,000 attaching Quoted Options). The Company intends to settle

this portion of the shortfall pursuant to these agreements on or about 30 June

2018.

 

Also as disclosed in the Prospectus, the Company had received commitments from

eligible shareholders to apply for $276,344 of their entitlement. As this

commitment was not received in full as at the closing date, the Company has

agreed with those eligible shareholders to settle the balance by a subscription for

the remaining $136,570 of shortfall (comprising 3,176,037 Shares and 794,010

Attaching Options). The Company intends to settle this portion of the shortfall on

or about 30 June 2018.

 

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I guess when this post (below) was made on HC -" If the big mining man TOLGA backing this one well now where talkin some serious movement in MSM share price". - the poster omitted to say whether it was serious movement up, or serious movement down. :thumbdown:

 

They raised $10.5 mil in August last year and now they are struggling

 

tolga_kumova$MSM the moment you realise your app is top 5 downloads in USA! Go Megastar Millionaire!! Well done team!

shaunwilson29

roze_cookOh wow! Well done @tolga_kumova

tolga_kumova@roze_cook I didn't really do much. Just backed some smart guys from silicon valley 2 years ago

roze_cook@tolga_kumova Smart decision on your behalf also!

paulee_delaneyAwesome! IÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢ve been looking for the app rankings but couldnÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢t find any cheers mate go MSM!!

julianbabVery smart investment Mr Kumova.....I believe youÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢re in good company! @tolga_kumova

macashie87

 

If the big mining man TOLGA backing this one well now where talkin some serious movement in MSM share price.

 

Stop drinking the kool-aid people :biggrin:

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  • 3 months later...

MSM currently in a TH -" pending an announcement regarding the placement of securities under binding agreements as announced 5 July 2018 and the CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s overall funding strategy."

 

Assume the binding agreement is the one with RIVA who were going to pay 4.3c/share - the SP is currently 0.09c/share. Can't see that happening now @ 4.3c, but time will tell.

 

4 JUNE 2018

Riva has confirmed its commitment to MSMCI via a priority shortfall

allocation of 37 million new fully paid ordinary shares at A$0.043 per share

to raise $1,591,000 in the Entitlement Offer announced 17 April 2018

 

3 September 2018

Global digital technology and entertainment company, MSM Corporation

International Limited (ASX: MSM) (ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“MSMÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ or the ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Â¦ÃƒƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…âہ“CompanyÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚ÂÂ) wishes to advise that

there will be a delay in finalising the strategy and market entry plan for Megastar

India which was anticipated to be completed by RIVA by 30 August 2018 under

the HOA announced 4 June 2018.

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  • 3 years later...

On November 23rd, 2021, MSM Corporation International (MSM) was removed from the ASX's Official List in accordance with Listing Rule 17.11, after security holders resolved to remove MSM from the Official List.

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