Member Info for AlbertPode

Seems we have been in the hands from one basket case to another.

Within the same calendar year of IR taking it over the whole thing has fallen apart.

They paid £307 m for it , three times more than Algorand but as legacy stakeholders we haven't received anything.On the contrary simultaneously the small cash distribution we were getting, dried up. They even kept quiet about the demise of Fort Lauderdale. Even Google AI have been in the dark about.it

Is this what Trump means when he talks about his subjects' businesses - America First (the rest nowhere if you'r a UK shareholder).

Have looked at Google Mode AI which looks on top of the game info-wise.

As legacy stakeholders we should be paid in one form or another e.g. cash or tokens following IR's takeover of NM Inc. But this does not appear to be IR's intention. I hope I am wrong but are we getting shafted here?

The subsequent lawsuit by Sony against Napster for unpaid licensing fees doesn't help matters.

Have a look at Scotchy's posts of 6 June, 27 June, and 1 July.

Following on from my post yesterday, I registered - there's nothing to lose.

I got an auto reply. They say they will send updates by email each month, so yes, info is probably a bit like telegram

Thanks once again Scotchy.

I imagine signing for updates will mean getting similar info you have been receiving on telegram.

Good morning Italian.

IR acquired Napster ostensibly for the name, though I'm not sure how much it resonates in UK or US. And then again a name change could be a legal wipe-the-slate-clean exercise, (reading Forbes concerns).

Napster Spaces is still in beta mode so they are not yet monetised. The tokens will need to wait until they are.

Hi, Italian, Jambor, Scotchy.

Interesting AM is still around. Presumably he is working with Napster Foundation who deal with financial things. Including the tokens, if and when.

They're going to have to reach out to the legacy stakeholders (us) at some point, if this is to progress the way IR are hoping for.

Another payment yesterday. At $0.06068/share this is more than previous amounts, although I'm still not sure what they represent.

And I'm baffled by science when I read what IR (Napster Corp) have to say.

Still, their posts are slick and look convincing.

Many thanks Scotchy

Do we assume this was posted by Napster themselves?

In the absence of any direct communication from them since they became American, you wonder why they couldn't put one or two relevant posts on their Instagram.

Ii have advised of another cash distribution (yesterday). The amount is not yet specified but that seems to be the norm nowadays.

I am also with ii.

The November payment was at $0.02587/share. I couldn't find a number for the December one, but working it out it was pretty much the same. So was the payment in £s after the currency conversion.

That makes eight mini cash distributions this year. Are these dividends or the back end of Algorand's purchase?

Terra Zero and their great 'find' Ric Wilson seem to have oblivioned. Why does Jon V continue to champion this Z-Lister?

Disney continue to go onwards and upwards. If Napster need animation, which they do, Disney were doing it almost before there was animation. And Napster would give Disney a music streaming branch. What better to blow Spotify out of the water, who only want to do podcasts these days anyway?

This is the fifth one of these this year. I can't make out whether they are the tail end of Algorand's purchase or dividends of some sort.

TBH, I don't think we have been too badly treated despite the lack of communication. Where would we have been without the Napster takeover? MVR got clobbered by Covid.

I'm still thinking along the lines of my thoughts of 27.8. They've got things planned. although for how much later on , not sure. Maybe right now, they don't want the whole world to know

Masters of non-communication, and we thought Melody were bad.

At the moment we just have the core music streaming ticking over, They have to do something with this, e.g. if they want graphics forget Terra Zero, why not partner up with Disney? Or they could go the Nasdaq IPO route. But we live in hope.

The name was changed from Naps PLC to Naps Inc. This is how they show on your ii account.

You can't take a loss on the shares until/unless you sell which right now is virtually impossible to do.

Where they are going with this goodness knows. So-called partnerships with Mint Songs and Terra Zero have disappeared into the ether. IMO our best bet lies with the core business, streaming music and either a buy out by someone or a NASDAQ listing , which was their possible intention at de-listing.

A classic fob-off if ever there was. They may as well have added that they are stuck.

IMO our best bet would be if they re-winded back to de-listing and IPOed Napster, as they mentioned around that time.

After all, Jon V and co. have even more at stake in this than we do.

Does the length of SBF's jail sentence determine whether we crypto or not?

TBH Jambor I think ii can only act on the comms from Napster, who seem to have a haphazard way of going about things. i.e. they have advised HL holders of their allocation but not others like us.

Napster Inc seem to behave a bit like the old UK version. Presumably our (eventual) holding will include the existing streaming side of the business but I have not been able to find details of turnover, profit or even market share. And the metaverse didn't exactly hit the ground running with the talentless brat appearing to throw his toys out of the pram.

Likewise Jambor

Morning Italian

Had a reply from ii late yesterday p. m.

Just to tell me about lock down which obviously I already know.

Napster were quite curt with them saying they had other priorities and that the tokens would be issued by end of lock down.

I thanked ii for their trouble, but Napster don't come across as particularly pleasant or businesslike.