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Just to be clearer the thoughts on trancches 2 and 3 are my conjectures; I shared them with Halifax who did not rule them out or confirm them.
Interacted with Halifax again on the chat today to see where they might be in this transaction. It seems they have had some intelligence from Algorand but not a lot and their queries are not being answered. What they do seem to think is the 4th consideration is in tokens, but these are in “lock up” for a year, with the year running from 31 March 2023. They are unclear on the 2nd and 3rd tranches; one thought is the amounts have been rolled into the crypto and another is that Algorand exhausted the escrows so there was nothing to pay out.
yes, more than happy to wait out for the tokens, but its the cash payments I'm awaiting news on, their communication has never been their strong point!!
Being patient for the tokens is one thing, and there are a variety of understandable reasons to cut all parties involved some slack.
The other two outstanding payments however are causing some raised eyebrows over here! No news AJ Bell & 212
nothing from HL.
Anyone heard anything from their brokers yet? Nothing from II, really keen to find out on next payments
Interesting find nonetheless, thanks for posting!
morning albert.yes i would agree with that. the interviewers did ask a couple of searching questions which were pretty much sidestepped and i slightly got the impression that jon v was happy when it was over. all in all pretty superficial but as you say there for appearances
Morning Italian.
The lady interviewers seemed to show more interest than the Algofest ones a couple of months back.
But overall this was just a 10-minute abbreviated version of that and Jon V was here for appearances.
We await a launch date !
just listened to it and perhaps not the greatest contribution to the sum of human knowledge. that's 10 minutes i shall not get back.oh well.
interview from fridayhttps://uk.news.yahoo.com/napster-ceo-disrupting-music-industry-200524940.html
morning albert.yes it's 17.45 tomorrow,but i expect i'll have to find a recording,so probably won't hear it till sometime over the weekend.hope it has something of interest.
Like the launch date Italian. I think it's what we're waiting for now..
Well found though. Let's hear what he has to say tomorrow. He's certainly always positive..
https://twitter.com/napster/status/1651017448827785216?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet ceo speaking tomorrow.it my possibly contain something of interest.
nothing from HL as yet.im not chasing it up ATM,but may do at beginning of May.
Nothing new here I'm afraid
Anyone heard anymore info yet? - ii claim to be in dialog but still no info on the escrow money which is the bit I’m awaiting - very frustrating
sorry jambor. i posted without seeing your 9.07 post.that fits in with what i expected to be the situation.
afternoon albert.im not certain that AM is actually still involved.i think it quite possible that the reference to shareholder representative is simply historic and a hangover from the original takeover situation.i cannot be sure, but i don't think we have heard of matchett in any obvious current role and not sure he would be a good fit with the current players running the show.anyway looking forward to more news shortly.
Once again thanks for your input PureG, Italian.
I would expect to hear from ii next week, then. They said last May they were looking into options re the tokens as they were not likely to be tradeable on their platform. So probably any message from them will only be to say that, which always was the most likely outcome all along.
So AM is still around then. Actually I find that reassuring and his involvement not that surprising .
Presumably he - and others e, g, SH and N & G- are still shareholders. So their financial interests are similar to ours. Greater in fact. In that sense this is no different to the days of EVR/Melody.
I hate to say it, but I emailed Machette as he was quite helpful (for once) last year when trying to get the money from SRS. This email bounced back saying he’s no longer at the company and the emails aren’t being monitored
We just can't shake that matchett fellow! Haha.
FYI a Google search for "Napster foundation Org" will allow you to find the new website.
There is a interesting downloads section with the paper we have been waiting for as well as an upcoming events section. April 19th looks like one for the diary. I have only managed to briefly read the paper at 6am and I'm at work now so won't be able to properly digest the information
sorry. ajbell, not ii.senior moment!
just to let you know that i had a short exchange of emails yesterday evening with srs acquiom. i summarise the gist of this as follows .srs were only engaged to deal with the collection of the initial documentation (shares)and make the initial payment.they have no details of tokens or further payments. these details will be held by what they refer to as the "shareholder representative", who holds the escrow pending determination of the contingency payments etc.according to acquiom the representative is anthony matchett! they suggested i contact him, a suggestion which i will not be following.
clearly they can't help at all,but from yesterday's later posts about II it sounds as though information is starting to percolate through to the platforms, so i'm going to sit back and wait to hear from HL. agree PG that we may be subjected to a high velocity crypto learning curve in due course!
Jambor, I can only speculate without seeing the white paper, however it seems very logical that the tokens will be traded on the the crypto exchange and therefore we will be able to cash in on them after the lock in period expires. As to what that cash value will be is anyone's guess.
There are alot of tokens however Napster has a ace card in my opinion; There should be a high velocity given Napsters built in subscription service.
Let's assume around 1 million subscribers paying around £10 per month. We know from the litepaper they intend to have the subscription paid for in tokens. If the tokens were ten pence a piece, that's 100 tokens per subscription. Across the userbase over a year that would mean around 10% of the total token supply would have guaranteed demand