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They asked for an extra £1.5 m and for it to be accelerated , the only way i can see this will not be needed is if there is a huge monthly increase in sales !! who knows . i am guessing all conversions will be taken ??
end of June and could be 8 weeks then :) thanks .
Hi lordfont
You might want to double check how many weeks also :))
Sorry maths wrong :)
£6.46 m divide by 3 = £2.15 m over the next 9 weeks .
On the RNS 8th of April we had 1.54 m from N&G
RNS on the 14th of April stating 3 monthly payments up to June of 6.64m so we must be waiting for a conversion of 2.21m in the next week and then 2 more before June . only 9 weeks left .
Lofas i better be able to flush my toilet with this new singing and dancing App or i will be down to their offices with my blunderbuss !!!
$70m to $420m revaluation....that a big ask. Will require AM to do a daily interview forever....or implement a plan which which deliver sustainable growth. IMO he doesn’t have the DNA for that.
Lordi, let’s hope that 10p is coming soon. At 3b shares in circulation ( we will reach the landmark fairly soon) the markcap will be $420m. We are interested in tangible deliveries rather hot air presentations. Still looking for my ducks can you ask Mel whether they came visit.
Horsey you stalking me :) i dont mind if it makes you feel better . thanks for counting my posts .
nine more ridiculous and aimless posts from this pathetic old man, i had forgotten how stupid he was, back in the green box he gores. bye bye fontie
Mel
hopefully AM will follow in Chris Whittys footsteps and become the unintentional smooth interviewing heart throb :) thats Lady Lordfonts view not mine !!
what deals would you like to see Mel ?
Hi LF, my shares won’t be for sale until they reach my own figure!!
As for HG comment of splitting the development, I do agree, the music experience on the Napster platform is priority, several companies are already taking the initiative regarding Podcasts, Interviews etc, therefore we need to concentrate on what we know works, our advantage is we already have content to release immediately.
Developing a theatre experience on the platform won’t be exhaustive as we already have a single performance recorded.
Regarding HG comment of failure, the probability of that happening is pretty remote, most ‘startups’ fail within the first few years and we are way past that point, the other is ‘cash flow’ and we have sufficient fund’s for a 12 month period and we have ever increasing revenue.
I understand your comment regarding the best person being the CEO for the presentation, however I would have to disagree, SH has a more professional manner, and I believe whoever produced the latest interview needs to go to ‘Spect Savers’!
Regarding my confidence in your speculative £1 per share, that’s a fantastic return and I would be satisfied with that figure.
I my view, a reprice of the SP will happen quite soon, AM was itching to announce the next deal, however as usual he had his hands tied behind his back by the real controllers of this company. IMO GLA
HG
I will speculate that Napster ( 20 years old ) know their way around Apps and Streaming .
Look at all the blue chip companies on board .
70 million already invested with 38 million more if needed .
80 engineers ( already streaming/App specialists for previous 20 years OK say 10 of them in charge ) .
lord. and what happens if the app fails. IMO each should be separate apps, something fails to hit off it doesn't bring the all tumbling down. If act you might not be able to sell if the prices is 0p my time the app comes out in Sept 2023
So you will sell all your shares before the App release ?? no way :)
Mel
I am only interested in the content of the 2 presentations ( which i very much was ) :) , i think AM did a good job to be fair , the board would have tried and tested all their top talkers , and maybe his natural performance ---- not too commercial was the right decision by the board as this was aimed at everybody ?? i also think that AM/SH will be changing a lot of our lives if we hold on for 2023 and beyond so have no issues at all , how ever they will be working very closely with our new employees who are setting up the media machine and directed the 2 presentations , Mel £1 coming soon and you can buy me a beer :)
"He needs to send us a postcard from a Caribbean island which is where he will possible go after being thrown out."
Mind you, that soft ball, rampy interview from the other day seemed to inspire a little bit of price movement. Hopefully he can string a few more of those together this month and pump the price up enough for me to get out of this dog once and for all.
Hi LF,
I don’t disagree with your point about AM, as per previous posts I am not a fan of AM regarding broadcasts or presentations, there are far more qualified people within the team.
From the brief ‘real’ information provided by AM there appears to be no reason for the company to give away cheap shares as we have sufficient funds available to borrow and we have a revenue.
From the broadcast and the reliance on the new APP the increased revenue to $500m by 2023 this roughly means 16 months of consistent growth at $25m per month September 21 - following the release of the APP, this is a fantastic growth, as we have 80 engineers currently working full-time on the development of the APP we won’t require all of these engineers following the release of the APP, at roughly £50k per engineer this could reduce our running costs by £3.5m per year (70 eng), unless we then start to develop something else, it maybe they then go onto develop the theatre APP!! IMO
I have just read AM has done a deal with Mike Tyson , they are opening a magic mushroom farm !!
Napster will be offering a free bag with each VR concert doing away with the 5 tonne comfortable non sweat glasses .
Thank god for some progress .
He needs to send us a postcard from a Caribbean island which is where he will possible go after being thrown out.
Am i right in thinking we have another £4 or £5 million of dilution to land before the end of June ( if our beloved leaders take it ) , AM will need to send us what he was on to cheer us up :)
HG, Unfortunately highlighted a key issue, “He AM, has a team with vast amounts of knowledge and skills and yet they don't seem to be playing any part”.
Based on feedback from folks that had the pleasure in working with AM we know that he is arrogant, full of himself and implements a policy which is mainly his way or no way. Yes they have talent on board but there are not allowed to put they experience into work. We also noticed that in his last interview when he talks about $100m revenue. I’m going to search for my ducks...maybe they flew into Mel’s nest. It will be a serious challenge to keep them lineup for another two years.
Hi Albert
with Broadway opening what you thinking on how JG will want to push it , he must be looking at the Singtel mobile when 5G is offered to 750 million users ?? will it be part of the Napster new App later on or a separate tool , VR all over theatre now and still no bad news from JG so we must still be in the running , fingers crossed and in my opinion , this post should not be taken as a fact and please do your own homework , imo and speculation should be enough but for the poor souls who are well under do not follow anybody :)
Morning Lord
I think we got rid of Rikki.
He thought that Covid was the name of a new streaming company.
That's the sort of thing we were up against !
Anyway, Londondan was in a right old sulk about it the other day. (hee hee).
https://www.forbes.com/sites/jerylbrunner/2019/06/07/virtual-reality-comes-to-broadway-in-a-big-way/?sh=c3646991367e
Fatman only covid has stopped above happening , i know its an old post but still relevant imo :)