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Don’t worry, this is a frustrating share!! IMO
I hope you’re right Mel and it’s for all of those reasons that I have not sold out and accepted my loss. I stay because I believe in the potential of the product.
For me this is their time, but in typical AM style, the perception is we will still be ambling along for quite a while yet.
It’s been a sunny day, had a few shandy’s and felt the need to have my say as I don’t do that very often. Frustration getting the better of me :-)
It’s hard to stay positive when you see the SP sinking, I agree, however Kartik Swaminathan (Arden) author of the Arden Broker note holds a great position within Arden Partners and held various high level positions else where, therefore you would hope his research in MelodyVR is substantial and to believed, his target price is 14.5p.
You ask what has MelodyVR actually done, well in previous posts I have listed a host of achievements. In 2020, they have received substantial investment and tied-up a contract with the largest event organisation in the world. That’s not bad for a fledgling company, have patience, yes the SP gone back to 4p, but equally we know historically it bounces back, are there any indicators the company will go ‘pop’ No, have MelodyVR been building the brand, Yes, from recent posts there are many companies investing into VR, MelodyVR was so far in front, everyone is catching up.
Yes, AM does fall down on his promises, however we do have a fantastic team! Maybe it’s time we had another Captain of the Team, however the industry likes him, therefore we just might have to put up with him a little longer. GLA
Badbat, I know you are positive on this stock and believe me I’ve tried to be over the last 3 years but where exactly are we going as the SP speaks for itself? As I said in my previous comment, I read all of the comments and there is someone else on this board who is particularly hostile (Unfairly so) to anyone that deramps this stock but again I ask what have they done to underpin the SP, the answer to that is nothing as far as the market is concerned and hence again I refer you to the SP.
I would love to be more positive but we know the financials will not be positive as the so called increase in downloads etc happened this year not last year and as we saw last year the MM’s took the opportunity to drop the SP to ridiculous levels and here we are a year on and the same will no doubt happen again.
Therefore, I ask again, forget the partnerships, what have they actually done to underpin the SP in the last 12 months. Correct, nothing and the market recognises that and hence the SP.
Forgive me for being negative and yes I know people will say this is a LTH but I have been holding for 3 years and at this rate (coming soon) it will be another 3 years before AM does anything that allows this business to deliver a strategy that will support the upward movement of the share price going forward.
All I want is for the BOD to deliver what they state in their RNS’s, when they say they are going to do it and stop misleading both the market and their shareholders and do the job they are paid to do.
I will continue to hold and as I said previously, I do still have a little faith but that faith is getting thinner and thinner every day. I want AM to deliver on his promises he makes and if he can’t then it’s about time they got someone in who can.
Can be a right dog of a share this when it’s wants to be
you may wish you hadn't but good look.
Sold out all my holdings today, rubbish stock going nowhere with a useless BOD, lost a massive amount of money- not at all happy with the empty promises.