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Yes AIM is a risk, according to FInancial Times (2015) something that should be read before investing in AIM companies, 72% of all AIM companies ever listed have decreased in value, with an estimate of more than 30% of companies shareholders have lost more than 95% of their investment. In fact the article suggests that non listed companies are more likely to succeed using crowd funding or private investors than make it on AIM. Yes there have been exceptions some spectacular, but their increase in SP tends to be quick rather than long drawn out gains. Not great odds. Timothy Sykes also recommends that if you haven’t made money within 6 months maximum, but average of two months on penny shares you are more than 80% likely to lose your money.
My other stocks rising means that Napster doesn’t even make up 1% of my pf. It’s just the principal. I saw this as a probable 5 bagger when the app is launched and didn’t think they would delist. Why did they start up here in the first place?
My reading is that the app will be launched in Feb 22 and then there will be 12 months to heavily promote and market in order to increase revenue and qualify for Nasdaq. They don’t want to be tied to AIM during this period (selfish I know) but if there’s a further buy out or Nasdaq then we’ll be rewarded. Ifs and buts aren’t for everyone and if you’re worried about losing £100 then this isn’t for you. GLA
I bought £150 worth of shares around 1p a share with Barclays. Anyone else use Barclays? My shares are now worth around £50 and to sell and buy something else will leave £38 in a different stock. Seeing as it costs £4 a month to have a shares account with Barclays and the unknown of whether my 750:1 consolidation resulting in 20 NM shares will ever be recognised in the future with Barclays. Do I have to hope that at some point between now and January that Naps will reach the supposed 1.2p buy out price?
Feels like the British market investors have been used to pay for the new app development and many duped into thinking that the sp would go up running up to the launch date. Why couldn’t the app launch be done here and grow it before switching to USA? Best I contact Barclays. I’ve got off lightly that I’m only down £100 and will probably never sell…..they are my shares and no one else’s. Giving them away at this point seems pointless but so does holding onto them. Anyone think this will get back to 1p.?
This AIM shares are something like black hole..
I had x3 investments in my life
Hur. ...This one and.. ADME..all of them beefy losses..
I had over 10 investments in FTSE tier.. all of them came + more or less but all +
I also invested in nasdaq and still keeping my invests..from over 10 of them... 1 was -1000$ bankrupt . Other all of them was profits ..
I am really done with AIM.
Albert you were all about the app and share price increase early next year, now delisted and maybe maybe not listed in the US in 2023, you have been had by your own greed. You were wrong. And your response the usual insults.
At the very least good advice for any AIM share is to trade out your original investment at the first opportunity, and why would you average down when it was still on a down slide with no obvious bottom in sight? Let it hit the bottom before you assess and decide to average down or not, and even before this announcement it clearly hadn’t hit bottom. You were just throwing good money after bad.
Christopher99 as your previous posts consisted of Sirius Mining being a great investment opportunity when it was as good as dead and buried, and your recent appearance on here and ramping posts about Napster you clearly don’t have a clue. I’m surprised the pair of you aren’t still recommending Dutch Tulips bulb markets as a great investment opportunity.
There's only one prat here pal. The guy who's had his pants pulled down and is still on here trying to pretend he knew it was coming all along. All that 'averaging down', and you've blown the lot.
Because for years AM has been saying he wants to do it. ......Prat.
'Why is anyone surprised? I always knew this would happen', says the man who's just seen the value of his investment incinerated before his eyes. Too good. The 'Comical Ali' of the NAPS board. They've emptied your pockets and you're thanking them for it.
Thanks Italian - looks like Standard 2 or 3 then to get in. Helpful
mrh there are different markets with different listing requirements see https://listingcenter.nasdaq.com/assets/initialguide.pdf
Once they have gone private there is no guarantee that they will actually relist in US or if they do it will be under the new name (we all know they like to change names). They are shysters and cannot be trusted.
From memory wasn’t there something passed at the AGM about being able to increase the shares in issue by 50% or 60% if needed. That would dilute the price even more, but set up AM with a good old chunk of the new company, and divert any PI rebellion, at the moment PI’s hold 31% off the shares, with another share issue along the lines of the AGM resolution they would really be in the minority.
Why are people not questioning the fact NM Inc were setup only a month ago? This company has no background, experience or credibility to drive things forward. It has one sole director that noone really knows anything about. It stinks to a new level where I'm under the impression it has just been setup to enable consolidation to enable many more rounds of fundraising and dilution. NM Inc are aiming to raise $50m immediately after consolidation.....even that won't be enough to compete. Just feels like a new PI trap to me. Same horse with a different jockey.....it's just a shame that horse is dead!
Am I right in thinking the Min Mcap on a Nasdaq listing is $550m ?
The only surprise is you still tooting Matchett's horn. Even if this was telegraphed (which it wasn't. That was the point of the formal AD document about the relaunch of Napster, not the delisting... many companies dual list. The only recent example is #TILS and you just have to look at how their move/delisting affected both the sp and the UK holders) you only have to judge the 'telegrpahed' plan by the effect on the sp. There's zero case to be made for corporate conduct that crashes the sp from 4.35 down to 0.4 in a little over a year. If the US was the formal plan then they should have suspended there and then but they didn't. Tells me either they're incompetent or just milking pi's for easy cash to fund tech development for this 'other' project. That sounds scandalous.
AM spoke only a few months ago of a US listing (in his Spotify podcast presentation I think). and that there would be further info as and when.
It was either going to be this, or a take out by someone.
This has been AM's intention for years, and once N & G and Equitory were involved it was a certainty.
IMO.