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Coming from trading system in investment banking, I have more than some knowledge in this area. MrH you are correct. We expect that a wealth of internal IT knowledge is already in place. Add to that the app designers, Java developers, storage specialist hiring from last year, we end up with more than enough internal experts required for new app. However according to Mel who must have flown over the cuckoo nest, what we have is not enough. Mel is an expect in sweet talking, has master in cheer leading and one of the biggest bs artists on this thread and should be nominated NAPS Bod.
Not sure why you felt the need to post that twice, but good to know - let's remember that next time you jump all over someone else's posts, which aren't directed at you, trying to police what is and isn't said on here.
I look forward to you minding your own business in such cases from now on.
Londondan
For a start, I was having a conversation with someone else. Not you - which is like trying to talk to a concrete bollard.
I put 'IMO'. Comprendie? Or don't you know what that stands for?
Londondan
For a start, I was having a conversation with someone else - not you, which is like trying to talk to a concrete bollard.
I put 'IMO'. Comprendie? Or don't you know what that stands for?
Hi MrH,
I have some knowledge in this area, I also agree with sentiment around Nice & Green, they are investing in particular high technology or Biotechnology industries, the founder and colleagues come from high end accountancy companies, they are not charitable but fair in their business strategy, they are not in the business of investing or risking investment, therefore I believe this again provides confidence the APP will deliver. IMO
Fair enough Mel - clearly your area of expertise, not mine. As long as most of that £40m is for the other big items I mentioned then we will be in for a real treat
Hi MrH,
From the hiring of Software/Data analyst staff over the last couple of years I would hope most of the expertise is ‘in house’ and contractors would only be required for system integration with 3rd party software, the budget would still be in the £m’s.
They do have a fantastic amount of proven software to provide information for the requirements, Singtel, O2, Facebook and others obviously believe the APP will be of a high standard and reliable. IMO
... but presumably Melody and Napster’s existing Software development team will be on salaries to focus on the new app; I’m talking cost of additional support from external expert sources (from the £40m) not currently factored into the yearly budget. If I’m way off I’m way off (I’m not in IT but have spent on IT)...
Sorry but £100k-£125k is waaayyyy off and my judgement comes from seeing first hand and helping develop software and seeing the money spent on it. They will easily be into 7 figures even with only a couple months of development. I was talking about just one piece of software for one operating system, Napster are looking to create something for multiple platforms and hardware all needing different UI’s and control. Bug testing and fixing will be a huge task for one of these let alone all hardware and the development of the apps themselves.
Software Infrastructure design, writing system requirements and refactoring existing code and code writing will cost more the 100’s of thousands along side the integration into partners systems if they are going to produce a multi-faceted platform, combining the existing code of each legacy system would be a disaster in my view! A 20 - 30 week project in my experience is normal for an intense program, they have a very experienced team and experienced stakeholders as a shareholder in Wandisco! They realise there won’t be a 2nd bite at the cherry, this is a critical APP for us as shareholders! IMO GLA
I don’t think the app will cost £millions to build - prob £100-£125k (at most). The biggest expenditure will be advertising and marketing, plus licensing / hosting costs. That’s why I’m expecting (or let’s say ‘hoping’ to satisfy the negative posters) a huge campaign when this thing takes off.
i don't get why they need millions to re-do the app.
as far as i can tell it's basically just going to be the napster app, with melodys videos added to it. all the code for the melody videos is done already. it works on the melody app. why do they need millions and eight to ten months to re do it all again?
they need to just dump the whole melodyvr disaster and promote the hell out of napster.
"Apologies for banging on about this"
No need to apologise. Just stop repeatedly posting this completely fictional narrative you've created in your own head and are now presenting as self-evident fact. We get it, you think that an independent Investor Relations company will 'prime us for a takeover'. We can all make our minds up as to how credible we think that claim is.
nice to pop in for a chat !!!!!!!
Oh god,
This sounds like another Rikki
Glad I got out of this when it re-listed. Shameful to see how far down it has come. Only happy people in past few years are those who bought in May 2019 and sold in June/July 2019. Can't believe I thought a small company with no real direction and endless name changing could even succeed in VR. If it hits off google amazon or apple are going to be all over it so fast this will be left dead in the water.
In the opinion of the noisy Gob!!
this will be at 1.96 tomorrow. can see a 11% drop by 10am
Should have put thongs !!
Albert
have you noticed most LTH have kept the faith which is what i will need 5 easy games but Chelsea first :)
My May prediction for the media campaign is SH and AM last seen on a tropical island they have bought sitting in gold plated thrones wearing diamond crusted lightweight vr glasses watching us idiots on ISLE and laughing :)
Yes Lord.
If it's frazzled nerves you want, invest in Melody/Napster.
It shows we care though.
Good luck for the rest of the season. (I'll have a word with Hoogleboogle. see if he'll let you win the last one).
Albert
100% agree breath of fresh air today . lets get to May settle us all down :)
Cheers, Albert.
I agree about Equitory.
But back to N+G: That was my point exactly. Once we've dismissed the idea that they're in this for the shortest term profit (hold for 5 minutes or half a London session), it becomes pointless asking whether they're in it for the medium or long term. At that point, they're like any other long-term holder who's invested based on the long-term investment case here.
Certainly more interesting board than this time yesterday.
Slowly
'There's an overhang created by the fact they have to sell some day'.
We all will, one way or another
N & G will have been advised by Equitory. We are both their clients.
Apologies for banging on about this as I have been for the last couple of days. But IMO the company is being groomed with M & A in mind. In other words, at some point, Equitory will be looking for a suitor for us. On that basis N & G would want to hold on to all the shares they get.
Some big numbers flying about today on both buy and sell side!