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have stopped looking in this chat site as only a few rampers left. nothing much going on even Matchetts recent show was a let down on his usual upmarket, up beat posturing. going away now for another month, if anything significant happens HL will let me know.
'Going away now for another month' (and your brokers will wake you up - maybe).
Your enthusiasm is so infectious.
albert, it is very very difficult to be enthusiastic about this share/company. just look at the last five years and tell me what's good about it! definitely off for a month.
But Horse,
You've never been enthusiastic about this share/company - at least not in the 15 months I've been posting on here.
Things don't just magic themselves. You start with the foundations and build it up. And if bad weather (Covid) comes along, it'll add fourteen months (and counting) to the timeframe.
AM said three years ago he was looking at another 3-5 years to develop this. And that was before Covid, JGO, and Napster were even part of Melody's vocabulary.
Now, the first of those is about to die like a weed, and the other two flourish in the rose garden !!
As usual,HM providing negative posts, nothing new!! For someone who sold out months ago HM has an odd pastime, coming back to see his past losses. I would expect the IR company to start promoting and carry out the PR campaign advertised by the company. Until the financials are released the question over the CLN’s won’t be resolved. IMO
Alberto, you said "You start with the foundations and build it up" how many times are they going to bulldoze the site and start rebuilding because that's what has been happening for at least 3 years now. Each time investors have lost lots of money and some have seen there shareholding drop by 90%. On each new build you get drawn in my Action Man vision which never materialises and all we see is dilution and further cash burn and Mel5 saying it's okay we will get they.
Only new investors who bought in at under 2p are likely to be the winners (may double up). This share will never get to 20p without consolidation (10 to 1 at least). In fact I don't think it will get above 4p for at least 18 months because when it goes up it quickly drops back due to the long bouts of silence. May was supposed to be the turning point marketing/promotion month, we are nearly half way through and all is silent again. I expected nothing less
ACTION MAN OUT
HG, patience is needed, yes the SP is low which means you can buy more shares and average down.
The fundamentals of the company haven’t changed, the company has revenue and an increasing client subscription, the company is producing a New combined platform, it has sufficient short/mid term cash reserves, its operating in a changing market and employs industry professionals.
Yes, the CEO makes statements that he doesn’t always follow through, however the company has a good product and a technology developed and a strategy to bring the platform alongside our partners to the market.
Like you, I am still waiting for the PR machine to rollout the news, and to promote the company.
In my opinion, the best news will be the much anticipated financials, and then the roll out of the new APP hopefully late summer! The SP will then be something worth talking about! IMO
hi Mel
I completely agree and have therefore added to my holding significantly as the priced has dropped but i find myself highly frustrated - probably mostly with believing the rubbish that we get told. Between equitory being on board, the sketchy communication still, and the fact that now on top of everything else - the admission document which lays out the roadmap appears to be delayed or changed on the basis that the marketing campaign to refamiliarise the consumer with the napster brand has not started in may (yet) and there continues to be no comms which details what the hell is going in. Their operational update was effectively nonsense because it offered no new information that other RNS's hadnt detailed and also provided no information of what the comapny are doing operationally, only what they are not (i.e not marketing MVR). And all the while, things like the O2 combined concert experience is now taking place with competitors instead of us (regardless of how big or small). They keep talking about the leverage that all our partners have for pushing the brand but there comes a point when the company need to do some legwork themselves. Although not officially annoucend anywhere the trend at the moment has been that we make great in-roads with big names but then nothing comes of it - i.e. facebook, O2, )2/LiveNation. Complete an utter speculation on my part but the fear is that without anyone really pushing this from Napster perspective, we will lose more great opportunities. Yes i appreciate that the tech side of the industry needs to mature and this has no doubt had a big influence on past uptake, but this should be even more reason that things like 02's immersive combined concert experience is something that we should have been involved in. Thats what we're aiming for? why is that not an easy win with a huge partner for us?? That should be bread and butter money for very little work and an opportunity to expand and improve on everything that's been learned through the various concerts put on with LiveNation.
Apologies for the rant. As i say, i've increased my holding significantly because i believe in the fundamentals and what is to come. But frustration is definitely getting the better of me today because of continued sh*it communication. and the biggest problem i have with it, is that i think its nothing other than lazy and very much doubt it has much strategic purpose despite that being the obvious argument.
GLA
"May was supposed to be the turning point marketing/promotion month"
Indeed. It's now May 13th and we've had one rampy, soft ball interview on a niche investor site so far. Given the extent of this PR juggernaut, I can't believe we're not back at 15p yet...
Good points Mooney. I also have added significantly in recent weeks. Frustration level however, is high...
However there is still a game to play out. Interesting that the funding was increased, but more importantly accelerated. There are three tranches to come between now and June 30. Why was that I wonder? Either more development talent was required to deliver, or the budgets were too low. Will there be more funding needed post June 30? According to the recent update there is enough to last until March 2022.
I feel that the risk remains that it takes too much time. I'm not so concerned the PR machine hasn't ramped up yet - I expect that will come when all the product ducks, technology, and talent are lined up ready to go. It would be a disaster to stumble and fall at the first instance. Get it right first, then start running.
Hi DJP57
again i agree that it needs to be right, however as most people here have experienced there are those that are paralysed by attempting to deliver perfection and therefore do not deliver anything at all. In the scheme of things starting the PR campaign now or not is not necessarily a big thing at all, but its the fact that we're provided with such little information and then that information is ignored or buried under the carpet with no explanation.
Acceleration would be what we're all hoping for, and potentially they've not declared this to attain first mover advantage with an additional couple of months of advantage over competitors.
I think its worth re-reading the operational update again as we're now a month down the line with no further information, and in that knowledge - see how much actual information is in the operational update. almost bugger all. Why would they be waiting before releasing information such as what the 'significant capex savings' have been achieved. What advantage could this possibly provide to withhold this information? Maybe i'm being Naïve here but this kind of thing is what angers me. I cannot see any business case for not providing this information - yet they refuse to provide it. Despite things like this being an easy win to drop out an RNS on this and help support the share price. I'm aware that they're not obliged to do this, but why wouldn't they?
and sorry for repeating myself but again a large amount of this is probably attributed to me believing that the communication would improve. More fool me
GLA
Agree with this, everytime I look on here he is spouting nonsense. How many people has he influenced on throwing their hard earned money at this pile of trash!
Mel,
You are correct it was not advice it is IMO.
However in my reply I wrote “ If you followed Mel’ IMO advice” I referred directly to your IMO comments. To remind you I’m also entitled to my IMO comments.
Having said all of that and to avoid any doubt I have asked for my today’s post to be removed from the chat.
This board has misinformed & lied in updates & RNS' too many times over the last 4 years for me to ever again believe a word they say until it actually happens (and I'll check the small print even then). And no they cannot use Covid as an excuse for failures to deliver on deliveries promised for 2018-2019, they are perfidious.
WWS,
Your comments are always aimed at the person(s) posting, I have seen any analysis or researched material from you, therefore your opinion is limited.
As I see you only post here with your WWS name I take from this you are either lonely or calculated and use other names on other boards, either way, whatever makes you happy, however all the different names you have referred to me by signifies you don’t agree with my opinion, let’s come back in December 2022 and discuss the merits of each other’s opinion! GLA
I think my comments are being taken out of context here. I have genuinely topped up significantly because i do believe whats coming is going to be good. I'm just very frustrated with the lack of direct and concise communication to investors.
Everything is always a little too far in the future for my liking. I can get on board with waiting long term and indeed am on board for long term because there's a plan there. the problem is not delivering the first step of the long term plan, and not communicating about it as important details continue to fall by the wayside - such as the lansing davis board appointment, such as sharing the information about what the capex savings are, such as why 02 are doing deals with competitors for what should be our bread and butter as an existing partner. It's just an unnecessarily painful journey. I went back over all the previous spikes in price and all were circa 5-12 weeks of explosive upside so this is very much what i'm expecting when it does take-off - and i'm very much looking forward to it. i'm just getting very impatient because of the continued downward pressure and absolutely bugger all being done by the management team to stop it. Every 1/2p down we go is 1/2p which will be stolen from the upside when it does take off. and i know i never thought we'd be down at these lowly prices, let alone still see downward pressure. I would also rather that they don't wait until annual results just for them to sling a negative curveball in there and take all the wind out of the upside until the app is released, and subsequently put a lid on the upside for another 4-6months.
Good luck to us all. Lets just hope they pull it out the bag sooner rather than later.
GLA
Thanks Mooney.
I feel until the CLNs are converted there is more likelihood the price remains under pressure. One way to reverse that is to find new, committed buyers.
Appreciate that but It is complete bullsh*t thugh that the company has borrowed more money, and added the possibility of more and significant dilution without explanation. How the hell is that acceptable to not communicate that to investors?
Especially when the board continues to be complicit in the decemation of the shareprice by the absence of communication.
GLA
Mel you taking the mick. Buy more shares, I think most have done that and are now so heavily invested they could lose everything. so when it drops to 0.2. we should all be happy and buy more to reduce our avg. Come on get real
I have been avoiding the chat for sometime now (due to my stupid negative post many weeks ago, had personal issues at the time). I am back now and I must say HG has a point. I have nearly 30k invested with an average of 3.7 (3.6 in ISA). I do not have spear cash nether do I want to put anymore into the share. I am not looking to become rich and now would be happy just to get my money back. I do believe this share could go places, but it doesn't stop having the sleepless nights.
We need to get these nasty conversions gone and allow the beloved board time to show real financials and hopefully an increase in the Napster up take 2021 , i cant see any other scenario which will change the Napster coffers or conversation .
i am down a small fortune which is my problem , short term a share players dream , long term do you believe that the AM would have been given the green light to state 500 million by 2023 with the major share holders ? same old share posters on here so ??????
Hey lord.
Been a while and hope you're well. You're right it is the only thing that's going to change the sentiment here, and also you're right the nasty conversations and personal attacks are not necessary. It's ironic really because the negativity drives me crackers but being honest with myself too, there's nowhere else to go to rant with anyone who knows what you're talking about when you feel you need to vent. Wish I had your and Mel's calm surrounding this but I just don't lol. I feel like I keep waiting for the machine to kick and then it just doesn't. Almost wishing away time so I don't drive myself mad over it.
GLA
BadBat.
My holding and average are almost identical to yours.
When you are no longer under water - in money terms it's about 1.6p - you may start to feel more bullish.
At that point you could still set a stop-loss if you wish.
Please note this is not meant as financial advice - it is not my place to do that.
It's just a thought.
AP I believe we will get there in next 4 to 6 months (recover out losses) Good Look
Always Jam tomorrow with this share, whilst choking down sh*t today.