Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Indeed one of them, still can’t help feeling that we could have used Covid to better our position. There was a lot of live and prerecorded streaming during lockdown, both music events and theatre, never really understood how we missed out in such a big way there.
Things seemed to change on an almost daily basis, the library, the two live venues, the link with a John Gore, the Napster headset, all of which in reality came to nothing because those in charge never actually took any project and saw it through to fruition.
Napster had been a dead duck bleeding to death financially for some time, didn’t make sense to take on Napster and it’s debt in an already crowded market.
Investing in hindsight..... if only.
Finally as it all comes to an end. It’s been interesting and fun to chat to you, Albert and others.
well thats the question (or one of them). there was a great deal of overly optimistic talk about the value of the recorded music library for example,when it was pretty obvious that its value was diminishing over time and was not being utilised in any real sense.personally i think mvr ws brought down by a combination of, first, circumstances and second, incompetence and /or very poor advice. things were going ok until covid blew the basic concept out of the water.no concerts to record.not MVR's fault.i was very disappointed when they acquired napster as my initial reaction to the deal terms was that they were awful and very ill judged.i simply do not understand how they decided, or were advised to agree to a deal where the potential liabilities of Napster were not precisely quantified and to agree terms whereby the number of shares to be issued in consideration was geared to MVR's share price, but with no lower limit to cap the potential dilution.madness imo. they then compounded the folly with the Nice and green deal,when it must have been obvious that it was just death spiral finance dressed up a bit. now im not suggesting it's easy to run a business (it's not) but you need to have competent professional advisors and be prepared to listen to them. ive no idea of course as to what actually went on,but my suspicions are that there was poor advice and perhaps pandering to the vanity project mentality,seduced by the nester name. but then all my best investments have been made with the aid of hindsight! lol.will be interesting to see whether any of the tech,library or other mvr assets actually reappear in any way in the new incarnation.and don't forget napster has quite impressive credentials as a service provider,e.g. sonos,bmw.
What is interesting is that Naps has been described as being of negligible value with little or no assets. What happened to the tech, 3D cameras, App, Naps headset, licences, and library of content.
I seem to remember a lot of people on here, claiming they would all have a value if something were to happen to the company, even a few days ago there was mention of a link to meta.
So you keep saying Horse, Can you offer any evidence of that? I don’t mean inept running of a company I mean evidence of criminal conduct
Yes, you can thank the crook Matchett for that, total liar, wonder if he's back in the UK now?
Not sure what X stands for.
I'm with ii. There should be two columns. One showing Napster the other NM Inc.
The quantity is the total of your original holding divided by 750. e.g. if you had 750,000 you now have 1000.
They sent out a secure message yesterday about all this.
If you are not sure, be best to contact them. They are approachable.
Yep that’s right, the shares were converted one share for every 75 Old Napster shares, the new shares value is the amount under the value column which should work out at §6.07 per share,
Hi - on my ii account it shows as X amount of shares. If we're getting paid USD6.06... per share, means that I wild have lost most my investment. Am I working this our correctly?