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Matt there are two further payments due after the initial payment and independent of the crypto.they are referred to apparently as the escrow and shareholder fund payments and are due to be paid,so i understand,after the 12 month anniversary of the t/o agreement(30th march2022).the actual amounts will be subject to the relevant contingency deductions from the reserved funds. there may be a fourth payment if the napster token cryptos are not launched by the 12month anniversary.if the crypto fund is launched within that time scale no cash payment will be made in lieu.this is my understanding of the position,although i have not been provided with a full analysis by my own provider,HL. i have however received the full initial payment several months ago.
I'm with iWeb, who are basically Halifax, and haven't received anything still. I've contacted them but haven't received a response as yet.
Also, can someone clear this up - we're all due an initial payment, and then 3 following payments over a period of 12 months, yes? This is separate from the Tokens.
You must remember? The one that was going to knock Spotify off its perch.
The all singing and dancing app.
It Is concerning the money has not been received yet. Many companies will be going bust in this market and the shareholders who haven't received even their initial payment for shares could be at risk of never getting it if algorand goes bankrupt.
It's getting on for 4 months now with no honest explanation as to where the funds are.
What product are you referring to Rbbe?
Thanks for the replies Mark, Fits, Cheapie, still no communication from Lloyds of Halifax, everyone should start getting on to them now for an explanation as to why their payments are being held up!
I ask again. Does anybody know anything about the product?
I am signing nothing and holding my shares certificate till I find out more what is happening in 2023. Seems to be a few problems with payments etc. So for me I'm just holding out for more info.
Still no payment for me from the Halifax.
still waiting; I use CS that use Euroclear to settle. They said that the effective date and payment date were missing on the corporate documents, so bla bla bla here as well.
I and a work colleague are still waiting for Halifax to get it together. We have been told they are working on it and will contact us in due course. Bla Bla Bla
Halifax / Lloyds
Who is still waiting for the first payment settlement here? Received notification from Halifax regarding the first instalment payment on 31st JUNE and then nothing since!!
A friend of mine had their first payment from there broker/ Hargreaves Lansdowne on 19th May 2022!!
Is it really taking Halifax Lloyds over 3 Months of holding share holders entitled 1st payments!!
I would suggest everyone who is still waiting for there first payment to contact their provider and ask what is going on! I will be doing the same today. I would also encourage people to change their share provider as Halifax and alloyed service and communication has been the worst of any provider I have ever dealt with, if they don’t get their act together, I will be taking all of my services and banking elsewhere.
All the best Naps shareholders, I look forward to your updates.
Hi
Received a letter from SRS Aquiom about transaction between algorand and napster. You think it is worth doing or just ignoring it and hold onto my shares certificate until they relist in 2023?
oh for the days of the hard copy manual albert.gla
oh for the days of the hard copy manual albert.gla
This looks designed specifically with Napster in mind, Italian.
Even the timing is consistent with what they have already told us.
It's thrown up a whole plethora of new sci-fi tech terminology. Hopefully it might just be a matter of us being given a wallet full of Napster tokens - at least to begin with.
And then we take it from there. With a good old-fashioned hard -copy manual for guidance. LOL.
Time for brokers to expand.
just thinking ahead and i found this.if you look at the end of it it refers to Q1 2023 with music and 3d nfts (whatever they are). please note i am not endorsing or recommended this in any way, as i have zero understanding of crypto and Nfts.just wondering if it may be something that would facilitate the receipt of the napster tokens https://perawallet.app/
evening albert.yes the speed with which the algo deal was concluded certainly suggests there must have been something reasonably concrete in contemplation when the proposed delisting was announced. all just speculation of course and water under the bridge now in any event. will be interesting see waty updates we get re the app etc. at least it's something to keep us in touch with development i hope.
Morning Italian
I saw this yesterday and also registered for updates.
I don't think they want to lean too heavily on Revolution 1. Not many people have really heard of them - it is 20 years since they arrived on the scene. So Algorand need to get stuck into some marketing/PR when appropriate. Interesting that this link gives access to a French translation.
IMO the Algorand set-up was planned before de-listing and as CSO Emmy Lovell played a big part in this.
A NASDAQ float-off is still not out of the question. Algorand would still own Napster, and they together with the rest of the consortium could retain all or part of their holdings as they wish.
if you google napster.comweb3 you find thishttps://www.napster.com/us/web3/ i have signed up for news updates.as albert say(morning albert) the tokens look like they are going be designed to be used on the app/system.whether they will have any external application isn't clear.i imagine if they are confined to use in a single system or sphere of operation this would limit their attraction and perhaps their scope to increase in value.i have no understanding of crypto and there is much i don't understand,so this observation may be completely wrong.
as to the ability of holders on platforms like IIand hl actually to receive the tokens,we are still waiting to hear whether they can work something out.whether the allocated tokens could be put into some form of separate secure wallet with the individual shareholders being given appropriate access keys(which could be provided to them by their individual trading platforms to enable access) I've no idea.from the website i get the impression(no more than an impression)that things are certainly moving forward and i do expect the tokens to be issued before the march deadline,so cash option would not,in that event,be available.aplogies if some of this is (a )nonsense and (b) already known, but i hadn't seen the website before today.
Algorand's idea is to trade Napster tokens on their own platform. They bought them with that in mind.
I took my post of 19 May from ii's secure message on that day, where they said they were investigating options available re tokens as they were not likely to be usable on their own platform.
So any solution is Algorand's to make. If none is found then $25m cash is being set aside for distribution to shareholders. This to be decided by end March next year.
I still haven't had my first payment with Halifax.
Did Halifax made their first payment in the meantime?