The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The math is pretty much correct trousers! The wallet I used was called Pera Wallet but essentially yes its an Algorand wallet.
Hi Italian, I too am with H&L and I likewise have heard zero. Call me an old cynic but we likely wont hear much from them until they have come up with a way to cream a few % off the top.
The very thought !!!!!!
All the best
Greetings PureGypsum
That works out at about 122.22 tokens per share, correct?
Can you please say which wallet you had to set up, was it an Algorand wallet?
Best of luck to all
I had approximately 2700 shares
Morning Italian, PureG.
Thanks again for the info. Interesting the bit about a possible cash payment in lieu of tokens.
The original Napster (streaming0 still underpins all this. As a private company they don't have to give us any figures - so they don't. All the same I might dig and see what I can find.
Of course, the original idea at de-listing was NASDAQ (although no promises). And while Jon V has not been in favour of amassing loads more shareholders, it might clear some clouds and provide an exit for some of us LTHs.
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Very interesting posts, PG, as always.thanks.
I think March is a good guess in terms of timeline for setting value. I have subscribed to the app and they have been updating the UI fairly regularly. I also have Spotify so compare the two often. They already have different offerings.
Interestingly Napster recently launched a store to sell Napster branded merch, but it was interesting to see that play out from within the app. The experience started in app and took me to a webpage. I imagine this was a test of sorts for artists to be able to sell their own merch, and more importantly to the web3 element, NFTS within the ecosystem
Yep I got about 330,000 tokens. I had to set up a crypto wallet to receive them as my broker's also will not support them (my broker's being trading 212 and AJ Bell) yes with Hargreaves Lansdown you'll definitely be stuck in the mud. I'll get back to you on the tokens per share will have to check. As for the value that will not be revealed until public launch of the network.
I know of someone who was holding in a SIPP and has decided not to take custody of the tokens as this could potentially generate a taxable event for him. Instead he has come to some kind of arrangement I don't the specifics but it's something along the lines of the tokens allocated to him will be sold on his behalf by Napster at his request and the proceeds given to the broker and then in turn to him. This way he will still be able to enjoy the tax benefits of the SIPP.
I think it's highly unlikely you will be frozen out completely. At the moment the broker's point to Napster as the delay and Napster point to the brokers. Ultimately Napster have shown willing to give the tokens to the brokers and the broker's refuse to accept them, so Napster again show willing to pay the beneficiaries directly and at least one broker has blocked this from happening for their clients. I believe Napster will do the best they can on their part to get tokens to you, or at least the (as yet undecided) value of tokens to you.
Afternoon albert.hope you are well. yes the wait goes on,but i imagine we must be nearing a resolution.
Likewise with ii, Italian. But it seems the ball is with Napster rather than the brokers
Pure G, you don't have to tell us how many tokens you have, but as a matter of interest how many did it work out per share?
No developments from HL for me either. ive not bothered to chase them up as i imagine they will let me know when something has been decided and the reality is that i am entirely in their hands to sort this out as best they can.
Thanks PG, i,am based in The Netherlands. I have a contact with Napster but he has not answerd the question about the tokens.To be continued.
Where are your tokens now being held, with your broker? II say they can’t hold them so are “in talks” with Napster about how to do that! Very frustrating - how many tokens did you receive roughly? I guess we’re still not going to know value until end of March?
Sorry Tubs, I've not checked in here for some time! Some of us have received tokens already, myself included. To do this we had to liaise with Napster directly, however Hargreaves Lansdown has blocked Napster doing this for their clients, so if you're with them your saga will continue for some time to come
So when are we getting our tokens?
Have had my second payment two weeks ago. Anybody had a third? Had some contact with Napster about 2nd payment, but the question about tokens does not get answered so far.
From linkedin. Jonathan Vlassopulos
It has been almost 1 year since I joined Napster as CEO and announced the new Napster 3.0 plan on stage at ATM22 in my interview with Lucas Shaw. We have been very busy since then updating the platform, acquiring companies, hiring talented new team members and preparing to roll out new Web2 and Web3 products and features. Thrilled to be back speaking at #ATM23 sharing the latest and greatest in my keynote interview with the esteemed Ralph Simon FRSA and then sharing our thoughts on how Web3 will impact the music industry with my expert fellow panelists Hazel Savage Andrew Batey Iqbal Ameer Ken Cheung
I received a similar email last May from ii.
Napster PLC effectively came to an end a year previously when we were paid our first instalment.
Napster Inc continues to appear on the brokers' account although there is no currency value.
The brokers themselves can only pass on info which they themselves get. The only certain thing is that their respective platforms cannot support tokens. So we continue to wait on Napster - or Algorand.
Kaba I don't believe the napster network has publicly launched yet and so theres no market for the tokens for now.
Any idea what price the tokens are trading at?
Yes had same email.it states that the napster group holdings have been removed from my accounts,but this does not affect my entitlement to the tokens,as to which they will contact me when they have more detail..
Hi all,
Just had an email from HL, Napster was dissolved in May. Tokens have been credited so phoned HL, was told that tokens have been credited to individuals but HL has no process for receiving or distributing. They will email when more is known
Nothing from HL for me.
Morning - Anyone got any more token updates. Nothing at all from II, I've asked them for news but nothing back.
Glennstar, that is certainly possible and also probably likely. I have just checked the chain and no one has received tokens in the last twelve days so maybe this holds water
Further to PG’s note on 20 July I sent an email to Napster investor relations that same day but have not had any response or acknowledgement in reply. Perhaps the H&L episode has affected the Napster approach to all UK institutions holding shares on behalf of multiple investors. Halifax in my case.
Thanks PD. appreciate the reply