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well CB thanks for that.not entirely sure what I'm looking at,but anything shareholders can do to support the s/p is welcome.
The.Italian i do wonder if N&G were hoping for a lower SP at this time and under estimated the investors getting together in a Tele gram group and sharing and sniffing out information on the net, and having been buying big amount of share over the last couple of weeks and trying to keep the SP higher and the positive news together at these times https://prnt.sc/1j4j1ns just one members investment look up https:// t.me/Napstershareinvestorchannelchat lose the space / t
evening albert.been out all day so just catching up.the newly converted shares are admitted on friday,so trading then and in the following days will be interesting.impossible to predict what N&G will do next.at an average of 1.48p will they want to do another conversion at or around this level,thereby reducing the value of their existing substantial holding? will they sell down part to lower the s/p and then convert the remainder or part thereof? they would make a loss on the sold down portion, but perhaps they might think it worthwhile to get the remaining £2m worth at an even lower figure and bet on a fairly quick s/p increase as news regarding the app starts to emerge? would that make mathematical sense? are they really likely to remain as long term investors? so many questions and I'm certainly not going to try and offer any answers, but its going to be an interesting next few days. TR1 technically due within an aggregate of 5 trading days of the relevant threshold being reached etc,so expect to have a better idea by end of next week.
our partners upto April 2021 and you know Napster have new deals in place
https://napster.group/presentations/ worth a watch again as its sets the goals for the year all the info is there
anyone good at reading french ?
Any positive new news would be welcome right now to kick start the upward movement again, but the best news would be a quick completion of the CLN process this month. Having that hanging over everyone's head is comparable to wading through quicksand.
Reference: "...looming threat of another £18m round of massive dilution on the cards if resolutions are approved at next week's AGM and new fundraising decisions are made quickly thereafter..."
In my view the resolution is there just in case its needed. This resolution has been in every AGM since 2016, so nothing different this time round.
You make some valid points, and I guess we have to wait and see about the App. I cannot help but feel there is likely to be positive news flow leading up to App launch. Surely a number of large regional, or even global telcos would be on board by then, and maybe some Napster B2B deals announced.
Ultimately though, Napster should have a US following, and a new marketing face into App launch may just attract new interest, and put a more realistic valuation on the whole company. Recent board appointments, and N&G commitment gives me confidence this is the path we take. However, nothing happens overnight. It takes time to hatch, but the prize should be worth it. Mistakes have been made perhaps, lessons learnt, we are all suffering. However I don't run the company nor have any intimate knowledge of what obsticals have been faced, and dealt with over the past few years. From my armchair it might look simple, but no doubt it isn't.
The future though, looks brighter.
Just my view ...
so this is how Artist are now going to promote its starting now
Anne Marie all over the net promoting her next live gig
yes i know its not Napster / MelodyVR doing this one but this how this game is going
Croydon - just to add my two cents on that too, the limited positive news you often refer to and overall lack of activity so far in 2021 have not been enough to keep the share price buoyant. LTH now have to bag or multibag to break even and there's still uncertainty over the likelihood of further declines whilst more CLN's are pending....and now more recently with the looming threat of another £18m round of massive dilution on the cards if resolutions are approved at next week's AGM and new fundraising decisions are made quickly thereafter. It's not difficult to see why sentiment (for some) may appear less optimistic going into 2022. Who's to say any gains in the s/p from the new app won't be quickly cannibalised by another large fundraise? Or to flip that, if the fundraise comes first and s/p drops well below 1p, any gains from the new app could be capped below 2p or 3p, still below many LTH weighted averages.
The new app needs to be killer to get the business in a stronger position to fight for its survival - Mark Kortekaas does seem to have a solid reputation though as CTO, coming from MIT and working in complex media projects, so that's a plus. People possibly seem less hopeful as many have experienced a reality check this year. If the app is not up to the expectations of consumers and if the inexperienced AM/SH mismanage the marketing there is quite frankly nowhere else to hide. The only other thing I feel Napster may have in the locker to keep investors onside at some level is the rollout VR theatre experiences.
Had the share price not been trashed to the level it was after the RTO, there would be stronger grounds for optimism amongst more PI's I'm sure . All we can do is remain hopeful that Matchett takes this new business seriously, makes correct decisions on behalf of ALL shareholders and remember that it is not a crime to ask questions, discuss doubts and change perception as dynamic business conditions evolve with time. Remaining eternally positive and blind to the risks is dangerous.
Let's not forget, it's not the same business most of us originally invested in. What started out as a new, innovative company with solid entry barriers in a blue ocean VR environment has now turned into a reputationally tarnished, declining company trying to disrupt a saturated, competitive, red ocean streaming environment with some big names and even bigger pockets.
Time will tell if it's a risk that will pay off.
It's as I see it. I did qualify it with IMO.
We are all shareholders, with the intention of 'making money out of NAPS', as you put it. Are we not ?
Not seeing that N & G/Equitory have been working together shows naivety.
Whilst Equitory are London based, Clara Melia lives in Switzerland as do N & G. They have probably been acquainted for years, and they both made their Napster presence at roughly the same time.
It's pointless whinging about lack of news. It is what it is. But do you really suppose they are not doing anything under the radar? It's best kept there. No advantage in letting the whole world know what you're doing.
Remember what AM said in the last presentation when asked by the lady presenter about forthcoming key milestones. 'I have to be careful what I'm saying.'
I guess your rightfully aiming your comment towards me, which I accept, however having been an advocate for over 5 years, I have changed my perception of AM & SH, the company was progressing in a ‘Cash positive’ direction with in my view a sound strategy, it struggled to develop a subscription model, therefore buying Napster with a ready made model, several million subscribers made perfect sense, however they have never progressed, they have proven the technology, however not capitalise on the already established business, they have moved in a new direction which has decreased the value of the company 15x, which has proved expensive with an unknown effect. Yes we have a New App, but what else? IMO GLA
i find it strange as soon as the positive news starts to flow and the days counting down to the end of the year, how people have changed the outcome on Napster after being so positive during the Feb,Mar,Apr,May,June months
Covid has knocked every company of track.
we dont know what going on behind close doors Napsters might not have or needed these opportunities in the future road map, it could have cost the company, just look at Glastonbury streaming issues, pre this so many on here saying we should have done this , and why hasnt Napster done this. oh dont forget the AM out posts from people on here as well really ummm
A more balanced view perhaps, or disappointment with the board not fulfilling their promises despite the company having an experienced and industry expertise, I believe we have wasted opportunities through inexperience and not letting people perform.
As we have lost certain opportunities we have now the opportunity to produce a all encompassing ‘One Stop APP’, the most important element we are missing if ‘PR’ both with investors and the general public, if we promote ‘Napster’ with professionalism over the next four months then there is reason for optimism, if we don’t get global artists and there agents behind us we will struggle, whatever it’s a long term project to break even for LTH’s IMO
'N & G/Equitory have taken over the reins' - really that is quite an odd comment, N&G are shareholders, period, making money out of NAPs, that's all. They will be long gone once the share price goes up and reaches the last placement price.
Equitory have done very little in the way of earning their wages, they don't reply to comms, I wonder if they will even bother to email out the Zoom link for the AGM given their appalling behaviour.
Sorry for the late reply Italian.
They have now converted four tranches at four different prices. Each one more sizable and at a cheaper price than the last. Manipulation or what !! Anyway 1.48p is about what I made it.
TBH, I was more than happy to see the latest - and largest - conversion. They must be getting some positives here.
And at 12.3% it may be the end of their activity - at least with the shares.
Without going over what I have said before, I still can't get away from the fact they are working closely with Equitory on a future M & A strategy.
There are hurdles to clear i.e. 2021 H1, the new app, FY 2021, and 2022 H1. All of which will take us up to a year from now.
It almost looks like N & G/Equitory have taken over the reins - unofficially at least. Whatever, they are all over this.
The rest of the CLNs to be converted is in the price. Everyone knows its coming.
If the SP was to be suspended pending a large transaction, would that be a bad thing? For traders perhaps, but LTHs should benefit from that. Encouraging to see a more balanced view regarding risks and outcomes, but its all there for people with patience.
GLA, just my opinion.
evening all here is a clean image of investors upto June 2021
https://prnt.sc/1iqjwa0 so this proves the main investors have stayed in for the long term, some big names in this list that have also invested, ask yourself why have they said in %%%%% to come.
Information on B2B has been posted on the net, AM has said there will be deals and deals have been done in 2021, so our business partners like what they have been told or even seen an insight to the New App and signed the deal.
N&G and the CLN have been the major problem for the SP and the timing of the App release, i wouldnt be surprised there are alot of investors waiting in the wings for the release date.
Q1 + Q2 2021 will show a better picture, but the better picture is to come, alot of positive posting going on now.
the board has given us information over this year, and looks like there are delivering, but we us investors have been knocked by the SP and being in the red, so that very understandable, but look at the future path we are on, very good thing to come IMO GLA
N&G have done well at 1.4p, bearing in mind JG invested at 10x the price, I can’t see any of the early investors backing out until the release of the New APP why would they throw away potential.
I would imagine the New APP is the last throw of the dice for AM & SH so they have to produce a credible product.
My problem is still the broken promises and the lack of transparency, the Admission Document laid out the strategy, however there has been mixed messages from AM, if the AGM is just a rubber stamp of the normal business it won’t provide confidence and I can see the SP dip further, along with further conversion of Loan notes I see a further decline, the development of the APP and potential hasn’t changed, it’s a case of wait and see, but with no news and a possible suspension of the shares for another big deal my confidence is low!! IMO GLA
I think you're close. I assume N&G have sold the same % of their recent conversion, as they did in the Feb to June period. We know that exactly from the public information available. I therefore assume their net/net in price for 326m shares is 1.4016p
Their strategy I assume is unchanged: long term shareholder, but I wonder do they want, or need a board seat? Of course, if they have a board seat, they become an insider, and it would restrict their ability to buy, and/or, sell more. Perhaps they may have greater influence just being the largest shareholder. Perhaps they don't need to influence the strategy at all.
It might also pay to give your savings to Nice and Green to manage. They seem to do very well out of their investments. That's not a recommendation, just an observation.
Finally, I also assume N&G will convert the remaining CLNs to shares when they have completed selling approx. 38m shares, being the same proportion of stock they've sold before. Most likely before App launch (4q), which I expect to be the next big price mover.
Good luck everyone. The sign posts are clearly marked...
evening all here is a clean image of investors upto June 2021
also Warner Music results so far for there music side
also albert it is interesting to work out N&G's average cost for the £6m converted to date. i make it to be about 1.48p (that's the simple average cost without trying to factor in if they made a profit on the 1% or so they sold down on the way).helps to put their position in perspective,although no idea what the ultimate aim is. i suppose they have to be wary now of bringing the s/p down much further because of the impact on their very sizeable existing holding, so expecting significant upside from here.happy to be corrected if my arithmetic is off;
Many thanks, you are correct
May explain the rebound today then, they are clearly not as many assume, offloading
Tempted to add more, will keep watching - fully confident this will have a superb 2022
The brand will carry a significant amount of value
Following the RNS of 1 July, their holding stood at 164,671,841. So they had slightly reduced.
They are now buying 200m which brings it to 363,671,841.
There are now 2,962,9456,547 shares in issue.
I make that 12.3%. - 12.2% if you want to round it down.
As things stand they are our largest holders by some way.
Looking at all the conversions Feb to June, and the holding data to 15 June, N&G sold 19% of their stake through that period. One could assume they will (or have already) made the same commercial decision on the conversion announced today. N&G, and NAPS management have said N&G are interested in the long term, and have retained the majority of their holding. That is true, and to be honest, if I was N&G, I'd have adopted pretty much the same strategy.
There is another conversion worth £2m to come, but the timing is their call.
The next price driver for NAPS should be the App release, in 4Q21, and will be accompanied with a new marketing campaign. One would assume they will convert the remainder before then.
Just my view.