Modeller, nice of you to keep an eye on LOFAs posts. From the RNS:
The news follows the success of Wireless Festival's virtual incarnation, Wireless Connect, which concluded yesterday. The ambitious three-day 360° event featured new and exclusive performances from London and LA, with performances from 70 UK and US hip hop, rap, R&B and grime artists. Delivered by Festival Republic and MelodyVR, this pioneering event attracted in excess of 132,000 fans from 34 countries across the world and more than one million interactions over the weekend.
I'm focusing on 'interactions'... OVER A MILLION. What is an interaction. It's an engagement in part.
Also, the chart position reflects daily demand. Festival is over, what else was going to happen.
RE: Does the SP really reflect MVR?08 Jul 2020 10:57
The MMs do what they want. And ramping the SP up to the range you mention... What will that do? The volume is nowhere near the level it needs to be to sustain that as a SP.
Would you buy in @30p, now? No.
The rise today is reactive to 'news' of the partnership. As and when this materializes and becomes 'actual' the SP will react accordingly.
The 18p spike IMO was based on investor volume and demand only and the prospect of a tech startup being snapped up in its relatively 'infant' year which was very naïve in hindsight. Appreciate many holders here were subject to this hence the bitterness, but that's the way it is.
You only make a loss when you sale. That's an investor decision. I'm sure you are aware, the MMs goal is to make money from you. They want you to buy high from them, and sell back low.
Just hold, ignore and let the company progress. SP will reflect sentiment, fundamentals and company worth.
Whats to say that the partnership doesn't extend and rolled out across all of the 02 Venues? This is a starting point and highly likely this could extend to the O2 Arena upon success.
A valuation is tough to guage simply because this is a first.
I note you say that there's so much free content out there. Where? No other company is providing 360 VR streams of musical venues... Can you please link us to any you find.. I think you will struggle.
Concerning the monetization. They will record once. Why would they record and provide a live feed every single night? It's no different from previous recording by Melody with the exception that marketing will now be driven by Live-nation and Ticketmaster. In terms of PR and 'presence' this is huge.
Also. Could Melody simply be on retainer fee agreement?
The Arden Broker note is up. Melody are acting and now focusing on revenue with a huge partner. IMO, other partnerships will be announced... US Based.
Dill. Just the trading strategy for some. And to be fair, good on them for sticking to a strategy and plan. It's the way it is and for a day trader to become 'emotionally' attached to a share would only turn their strategy on its head!
Regarding EUA.... Don't I know abut it lol!
IMO there will be a lot more news flow through July - August... Very confident it'll be US Market based... ;)