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The problem I see is that most people who want a music subscription already pay for one. What does Napster offer thats better than Amazon or Spotify. Personally I pay for prime at 7.99. only 2 million songs but I get TV, films and quick delivery. If I need more then I'd pay for Amazon musics 70 million and not need to change my home music setup.
You would think that it won't take much of a push to double up the subscriber numbers, considering the management team onboard, but this has been said before a 'few' times
I do wonder how long the Napster deal was in gestation as it would undoubtedly have affected their marketing if they thought\knew it was coming
It’s sounds simple but I believe it’s a good yardstick.
Spotify - 144 million premium subscribers worldwide. Market Value - $50 billion.
Deezer - 7 million subscribers worldwide.
Market Value - $1.5 billion.
Napster should make a first worldwide target of 5-10 million subscribers with their music streaming and live gigs combination.
Fair play you was spot on cant argue with that :(
Pride before a fall. Don’t trip pud pud.
To all the fools And dreamers that ridiculed me for saying this is going nowwhere on reopen I thank you.
Harry will save the day .
Business interest rates are largely irrelevant for taxation purposes. Just saying
Do we know the date it goes live on nasdaq??
Did the same I Added 103k today
Besty if I accept your view then my utmost sincere advice to you would be to reduce your average - that will be best for you.
And that's what I did today although am not at all worried but I bought over 200K shares today, brought my average down.
Then give it a couple of weeks, you will be happier :)
all the best
Disagree
I know a business owner who has borrowed millions at preferential rates alot less than were paying and hes a sole trader. I get 5% but 15% appears no lenders or other businesses partners want to take the risk with MVR
Agree. Interest rates are very high, but also understandable given the current status of the business. Risk vs Reward 'n all that!
Quick question: Does anyone know whether the $30m debt that's being written off is part of the original $44m debt burden that was being absorbed? I get the impression it's separate as it comes across as more of a series of loans rather than royalties. It's a little unclear to me.
you cant borrow 25 million for a business at 3%
specially in tech business because there are no old fashioned factories or assets banks could use to issue secured loans
so 3% is actually wrong for business
does it look good ? of course not cause no body wants to pay anything
but opportunity cost of building consumers by ourselves and letting something like Napster go is far too high - accounting costs I think its waste so long as we keep making money at this point
Agreed flush out the weak, It needs listing in the US ditch the UK exchanges...its full of rubbish stocks how many are left likes RIO, BLT, DGE etc...not many our FTSE is almost un-investable.
Has anyone seen the price of the loan rates 10%, 15% holy smoly you can borrow of banks for 3% and the share dliution.
Absolutely disgusting.
Agreed, but let's give it a few days to settle. Going to sit on my hands as I reckon a lot of weak holders got flushed out today. Just going to accumulate down here and tuck shares away for the NASDAQ listing as the Yanks treat tech stocks way better than we do
I cant believe the torrid day. This is a LT investment, thats evident.
News was poorly distributed. We waited months for no news on number of LG tickets sold. Starting to think CINE looks a better buy.
Investor Relations at MVR are appalling.
Totally #isse# off with the way this is all going.
1. The Admission doc is full of utter crap.
You have never read a RNS of a SP500 company.
2. This share is a shorter delight.
So, why dont you short and make money instead of complaining ?
Actually you dont know how to short, a financial equity is put on short when its high, shorting at 18p would have made sense. but you werent here then were you ?
3. Only people who will get rich from this are AM and SH.
They are already rich, did you mean richer ? there are more players with almost equal shares - but you wouldnt know.
4. You guys better pray that Napster deal gets closed or this is going into the 2s and then the 1s.
Pray ? is that how you fix financial issues ? Napster deal has happened - wake up.
5. 13 days to keep this one above 4.3 or more shares being printed. Markert will hold us by our balls because of this.
Yep - that's why directors bought good £1m worth -
Today's Closing asking price is 4p.
6. Napster have 408k paying customers (lol!) what happened to the millions AM?
lol when did you last paid Google for search ?
Millions of users - equates advertisement money
Paid customers fully subscribed are always lower
7. Mvr think a metric of success is how many viewpoints people changed when watching a concert.
Agree concerts should not stop now
Embers777, great post. Nasdaq listing will top this off. Napster deal is basically done ignore all other bull imo. Broker target was 20p and will now need to be revised up once it all beds down. Not going by the cr*p posted by some. Hilarious deramps.
Have to say I expected a more positive return to market for MVR.
Hopefully things can only improve from this abysmal start!
Onwards and upwards!
Blackhole, lol. nice try but I won't be panicking or crossing my fingers. The sale will go though and the SP will go up. If you are a long-term investor you wouldn't be coming out with these scare tactics. you should be ashamed.
Just read your history BlackHole. Can't take anyone seriously when all they talk about is one share!
Not.
Just finished reading the doc let me break it down for you...
1. The Admission doc is full of utter crap.
2. This share is a shorter delight.
3. Only people who will get rich from this are AM and SH.
4. You guys better pray that Napster deal gets closed or this is going into the 2s and then the 1s.
5. 13 days to keep this one above 4.3 or more shares being printed. Markert will hold us by our balls because of this.
6. Napster have 408k paying customers (lol!) what happened to the millions AM?
7. Mvr think a metric of success is how many viewpoints people changed when watching a concert.
What a welcome back present from MVR the gift that keeps.
GLA IMO
Hoovered up more...now own over 1 million shares ...This is bargain basement for a very probable 2021 NASDAQ listing which values similar companies 15 x plus earnings