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It’s a valid point, I know from an earlier post Comical you are in your early? 70s you are talking another couple of years possibly before the share is trading again if it ever does! It must be the most pointless investment you have ever made. Yet still you big it up
Not the response that Comical was likely expecting or hoping for, but credit to you Italian for having a realistic and clear-eyed view of the likely prospects here.
Hi Tribalhound
You mention how /where you trade
But you do not trade a private company so why do you need a broker ? (out of curiosity )
In which case we wouldn't have to accept it. Just hold out for the IPO.
Never take the first offer anyway !
But enough for now. Take care. See you later.
sorry Albert this damned computer glitch is making posting almost impossible.i meant to say that in view of my age another couple of years makes this almost an academic exerciser me.ive written it off entirely mentally,although there is just some outside chance,of getting something .hope springs eternal eh!
evening alberti agree that too much speculation is nt helpful my first thought is that any given timescales need to be viewed with extreme caution and probably scepticism.if it does get listed t some point it will have been at the mercy of whatever financial engineering can used to the advantage of the larger holders.i am not particularly optimistic of getting anything at the end of the dy,but for me it is the lesser of two evils now,so that as my choice.some sort of offer by the company before listing is possible i suppose but it wouldn't be on favourable terms.sorry!
Tribal, which broker are you using?
apologies TH.i clearly misinterpreted your post about isas
Hi Italian
This underlines how our investment has become more complicated than any of us wanted. So too much speculation as to what might happen in the future might not be too helpful.
However when we reach 28 January, the new certs are issued and we settle(?) into privatisation, we will have up to around 17 months waiting for the listing.
I can see a point when management - whoever that may be at the time- making an offer to buy the shares of PI's who have remained invested, sometime during 2022.
What are your thoughts on this?
If the world catch a preview of the new app very soon and it is desirable, still got to buy here or wait for a couple of years in USA. Death or Glory! Not happy how this is going but people are buying it.
I'm fully aware of that..... but they're in my ISA right now - so I've got to get them sorted & out - as soon as possible after the "Shareholder approval at the General Meeting, expected to be held at 11.00 a.m. on 20 December 2021" is confirmed.
The good news is - my ISA is flexible and allows me to withdraw and deposit funds throughout the year - so Crapster shares out & cash back in to buy something else. ;) - I'm thinking The Trainline looks a good price
th you won't be able to keep the NM shoes in an isa,regardless of what broker, if any you use.they will be shares in an unquoted company and hence ineligible for isa inclusion
It all depends on how / where you trade....
If you're buying vast quantities of shares - sure you hold the certificates - but if you're trading inside an ISA portfolio you've built up over the years - then you at least need an execution only broker or bank that holds the shares inside the ISA wrapper for you.
Once you transfer out - then CG gets you !! :)
I personally though you wouldn't need a broker when it goes private(just like having an old paper bond) ,but you would need to get one once/if it relisted in an American IPO
I'm most probably wrong but that was just my thought
you're welcome th.i hope what I've said is correct and clearly one needs to move with alacrity to make sure the transfer is through in time. im going to check now with my own trading platform in case anything further is required from me.good luck.
Cheers Italian - I'll get them transferred to me - then resume this mess sometime in 2023 - likely when they're further diluted, or I've recovered elsewhere - but you never know...... The power of some hopium v current losses has a strange draw to it.
Thankfully my largest AIM holdings are in profit far more than the shiesters at Napster have stolen.
Transferring to another broker is not really an option - there will be transfer fees + another broker will have ongoing admin charges (which I don't have with my current one - just flat, discounted trading fees)
What broker do you use?
from your post it looks like you can either transfer the shares to another broker or get them registered in yourr name personally before the 14th.looks like this is a stance peculiar to your broker(there may be others of course).clearly you need to contact your broker urgently.if you get them in your own name by the relevant date the us transfer agent will record your holding.r
Message from my Broker confirms delisting - and the fact they will AUTO SELL any remaining shares
Anyone know what options I have to retain ownership rather than bailing out at these stupid prices ???
DELISTING, SHARE CONSOLIDATION AND CAPITAL REDUCTION DEMERGER
The Board have announced the proposed disposal of Rhapsody (a subsidiary of the Company) to NM Inc for US$45.6 million.
The Disposal is subject to the fulfilment of conditions including Shareholder approval at the General Meeting, expected to be held at 11.00 a.m. on 20 December 2021.
DELISTING
All securities under Napster Group Plc will be cancelled from admission to trading on LSE.
CONSOLIDATION
Every 750 Existing Ordinary Shares will be consolidated into 1 New Ordinary Share of GBP7.50.
CAPITAL REDUCTION DEMERGER
NM Inc will issue one NM Inc Consideration Share for every one New Ordinary consolidated Share as at the Disposal Record
Time, expected to be 27 January 2022. The Consideration Shares will be restricted and not freely tradable until NM Inc lists
on Nasdaq. It is anticipated but not guaranteed that NM Inc will seek a listing on Nasdaq during the 1st half of 2023.
Assuming completion we will be unable to hold the resulting Napster Group PLC and new NM Inc Consideration shares
within our service, we will therefore arrange to sell any remaining shares held on 14 January 2021 on your behalf, if there is a market available.
We will charge our standard online commission for this trade (for smaller holders, we will charge 10% of the sales proceeds)
and will credit your account with the proceeds once received; this can take a week or so.
Alternatively, you may wish to sell your Napster Group PLC Shares before 14 January 2021, which you can do online or by
telephone in the normal way, and at the standard commission applicable. You may also transfer the Napster Group PLC
Shares to another broker, or you may withdraw the Napster Group PLC into your own name so that you can receive the
resulting shares from the Registrar. If you wish to withdraw or transfer your Napster Group PLC Shares, please contact us as
soon as possible to process your instruction.