Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Thanks Mel. There is plenty going on in the global music business, there is lots to play for. Fortunately though there are more big companies not exposed to music that would probably like to. Yes, there are large companies helping seed startups, across several platforms. That is normal. Not all will survive, but those with the best relationships and technology will. Management may have a steep learning curve, and perhaps that is painful. Keep our eyes on the end game.
Its probably no surprise the SP is where it is, our CEO has always made it clear he is not interested in the value of the company and N&G our main shareholder gains more shares when converting their loans to shares. The company has sufficient funds until the New App is released, my concern is the opportunities the company has missed and the competitors that are being financed by other large corporations! If the New App is still following Facebook and the New Platform has something substantial different then 2022 -2023 will look different, my problem is this is now monies tied up for a further 2 - 3 yrs with an inexperienced CEO!! IMO
Also Deadcross, if the company issues cash back to N&G I believe that would be a very good event. It would show that Napster wants to minimise further dilution, has the cash available, and it could signal we're close to having some news on App launch, or certainly getting closer to that important event.
The cash situation is an interesting debate. If the 2H is unchanged from the 1H21, monthly revenues are around $7m, there was $10m available to be drawn down from the Davis loan and £9m cash at the 30 June. Maybe not as bad as some think, perhaps.
Just my view, and why I'm invested.
Yes, I would agree.
Hi Djp57
Thanks for the reply
No doubt if they did convert into shares it would be in a RNS ,my point thou was if they didn't increase their shares then would they still need to release a RNS to state they aren't taking anymore
Every single conversion in the past has been reported. The next conversion, if it happens would be a significant event and would be reported as an RNS straight away, IMO.
Would they need to put it in a RNS if they didn't convert any of the remaining balance ,as it wouldn't surprise me if some investors might/will not invest anymore untill we know for certain what's happening with this final set of CLN's ?
so what did we learn from latest chats?
1. number of shares in circulation ballooned during last 2 years...almost by factor of 2
2. SP dropped 90% from the level it was prior to the reverse take over 5p-6p
3. that CEOs are indeed the biggest risk to the entity they try to manage/run
AIMO & GLTLTH
morning albert.yes perfectly possible they may not convert the balance and whilst i do expect them to, i have no really strong basis for that view. ywe will just have to wait and see.if thet don't convert, their average will be about 1.48p, so expecting some upside (perhaps considerable )from that level.gla
Morning Italian
It's possible they may not convert any more, of course.
It doesn't matter too much. They already have 364m with the largest holding, which I suspect was their aim.
As funders of the new app, they no doubt consider it upon them to get it where it needs to be.
They will have decided their exit (in money terms). The success of the new app will get them there.
All IMO
evening albert. if n&g have converted we will get an RNS with the price etc,so will hopefully be able to work out their verge cost with a reasonable degree of confidence. whatever their ultimate objective and whatever their strategy to try and achieve it, it must surely require them to aim for a high s/p than their average.so if they do convert it must surely be in the expectation of an increased s/p in due course.how much higher and over who period of time we can only guess.
"And this will have to include any curves the CMA might throw at it."
More baseless speculation, as is your stock in trade.
Hello Mel
Looking at the Napster section of their website they make a play of the fact they are our largest shareholders, so this would seem to be important to them.
Their mission "supporting clients into reaching growth potential."
They have funded the app to enable Napster to do that
They will no doubt have an exit in mind. But the new app has to go through Beta mode to that satisfaction of all the partners including them. It will then have to be up and running and making an impact on the music streaming business.
Obviously the earlier the better, but there is no point in the app going live until it is 'right'. And this will have to include any curves the CMA might throw at it.
At the least we will have to see where we are by end of H1 2022. IMO.
Hi AP, our ‘friends’ at N&G are completing their strategy, I believe, they have been transparent in their objectives being the acquisition of shares at the lowest price. There could still be more control to be exerted until the New App has been released at the detriment of retail investors. The main question is for me, is what price they are going to sell their significant shareholding? IMO GLA
Thanks AlbertPode
200 million Deadc.
If it is them, they would have around 17% holding without working it out exactly
If it is the case (could just be an error) that's 150m converted
Anyone remember how many they converted last time ?
Fingers crossed that's the end of the CLNs. Must say that I was also hoping that they'd have to buy at a higher price. C'est la vie if it's the case. Will be good riddens to CLNs regardless .
One of my share apps (investing.com) now has Napster shares outstanding 3.113.466.164
Interesting !!