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Croydonboys. Why you ask. Could be a tactic so sell the company for peanuts to another entity they own getting rid of LTH
just a thought and thinking out loud, N&G wanted to bring this forward to June ? or was this Napster. so when the accounts are out, and other info coming out the market will settle and SP to rise up, best time for N&G to make there money? and there plan as april may june was very poor info months and SP drops and plays into there hands them driving the SP down. as i said just thinking out loud
HorseG,
All companies at this stage of corporate life burn cash. Some for longer. AM may be a dreamer and have big expectations but that's why some more serious folk and financial experience have been introduced. If there is anything wrong in this situation it's the glass half full brigade (me included), that have high expectations and want it all now. Big fortunes are never made overnight, or even a couple of years. The learning curve is painful for everyone. Reputations are also damaged when targets or promises aren't met - and that can sometimes be more painful.
The constructive disbelievers here sometimes play a useful role in keeping the expectations realistic. Perhaps it takes longer. Perhaps lessons are learnt. Perhaps the road isn't straight. The road to great companies is a long and winding one...
So, let's see what the accounts tell us, let's see what developments have been made, and what the next targets are. Everyone has the choice to be in, or out.
Agree Croydon, good point. As I said last week, if you think N&G will end up making a serious amount here, add to positions when they do. I bet that no other shareholder knows as much about what is really going on at NAPS as they do. Just my opinion.
question HorseGob " sinking ship" why would Nice and Green put alot of money into Napster if they have done there home work knowing the SP will crash and they would lose money ???? i dont get that bit ????
Too many weak links, that's why.
Its about time LTH realised that there investment is slowly sinking into the abyss. In previous posts I said it would go to 1.8p and think it will soon go to 1.5p. Most expect that the accounts coming out this month will provide some clarity but I believe they will raise more questions.
I am at the opposite end of the spectrum I tell you how it is, Mel5 and other tell you its going to get better and to buy more shares. AM is burning cash, he is inexperienced and out of his depth. He says what you want to hear but never delivers.
Everyone is waiting for the kill app (which is coming SOON), but by the time this is release the company will be broke. If the app fails to deliver then it's a sunken ship.
One think I cannot understand is why those with the power have not remove the weak link.