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And this is before the new app. There's no point in PRing it until nearer launch. Potential users have nothing to hook on to while it is still a work-in-progress.
Investors have already 'jumped in' long ago. The important thing is, none have sold.
You can't just dismiss N & G, especially since they are our largest holders. They have now bought four tranches of shares, each being larger and cheaper than the one before. I can't think of a better word for it than 'manipulatiion.' But if they are filling their boots who are we to complain? It's not as if they are intending to sell them at a loss.
As for the MelodyVR immersive part of the business, we have every right to blame Covid. It has set us back eighteen months (and counting). We had a USP but it gave the hordes the chance to come out of the woodwork and eat our lunch. (though if the competition is the standard of Driift's, then bring it on).
And who has benefitted? There is no sense to the argument that Covid gave Melody the opportunity to make hay. The sun wasn't shining. Any impromptu gig needs some sort of planning. Ask Glasto/Driift.
Finally take a look at LN's numbers. £11.5b turnover in 2019. $1.8b in 2020. 85 per cent down. If they took a hit, what chance were the rest of us going to have ??
So Offler.
You've not heard of N & G then, who have been buying all this year, and are now our largest shareholders ??
Absolutely Curo.
Monday 19 July highlighted this perfectly. A 20 per cent drop when there had been busy two-way trade all day - not a sea of red.
And N & G continue to cast their influence.
Horses
If you look at the Q & A link that Highland posted last Friday, you will see that some shareholders may be invited to take part in the beta testing.
In any event it WILL be tested before it is let loose on potential users, much like everything else the company do. Any glitches will be got rid of. And they will make adjustments in line with their feedback.
We're not Dri(i)ft, after all !
It depends what you mean by the 'the long term'. Three to five years is not unusual and N & G have only been here since February i.e. six months.
I only use these figures as an example, but why double your money in 6 months when there is a chance of (e.g.) 5-bagging in 12 months?
Take a look at N & G, Equitory, what they do, and in particular what they are doing here.
N & G hold 364 million shares - they sold a few - but at 12.3% they are hardly in a position to take over the company.
We calculated that they have paid an average of 1.48p, so to double their money it would only have to reach a shade under 3p.
That would give AM and SH a return of £4.74m and £3.6m on their shares respectively. Their outstanding options/warrants would hardly be worth bothering with. I don't think so.
Best let the new app take it's course. Await the 2021 H1 figures, then FY2021, then 2022H1.
We wouldn't really want to exit at 3p. In any case, as has been discussed on here before, the company probably already has a value in mind.
All IMO
Steady on Lord.
Your boys won't get out of bed unless they can bang at least four in.
We've got to play you soon..........Help !
Re Spotify.
I think by the time MVR/NAPS have got the new app as they want it, it will be like comparing 'ripen at home' - (they never do) with the finest strawbs. (that's NAPS).
Napster are addressing the problem of compensating artists fairly, including songwriters who are now wanting their fair share. SPOT have found it difficult making a profit while paying artists a pittance.
AM said MVR/NAPS are 'looking for new things to do'
Are Spotify? Whilst they seem to want to embrace immersiveVR, two efforts so far haven't exactly set the world alight.
VRtify a few years ago just fizzled out. And as for Dri(i)ft . - It just gave us a good laugh. And Spotify a headache - whether to dump them.
With 487 million streaming users, what %age of the do NAPS need to be a successful, viable business? Even before MelodyVR is included.
Good Lord, it's Lord !
Where the hell have you been?
I think Horse was missing you ?!? LOL.
Agree Croydon, good interview - aimed at larger investors IMO.
It's a case of reading between the lines with AM. He's not going to go giving all the new app secrets away, and has already said so.
2021 H1 numbers will be out end of next month.
It will almost exclusively be about Napster's streaming , but it looks promising.
Meanwhile N & G hover with their 364 million holding. Interesting !
Themis, while I'm still on here.
They're not going to fly to the stars on lifestyle.
We might have skin in the game, but they have 158m and 120m shares respectively. That is where their potential fortune lies.
Yes, that's the trouble. There's too much 'parroting' on here.
Well, you should know !
Sorry if you were embarrassed.
Well no, I'm not really. That was the idea.
Get back to your Ladybird Book, Londondan.
Brilliant observation !!
You haven't got the faintest idea what Equitory are doing. Not surprising when insight isn't a strongpoint.
The 'strategy' which they are instrumental in brokering, is towards an exit, longer term.
Read the RNSs. Watch the presentations. The clues are all there.
And don't get all mardy simply because they don't reply to your emails. If they tell you everything they are planning, they are telling the whole world. There is no sense in that.
RBBe
You wouldn't give Offler an 'A' for anything.
Typical of the de-ramping fare we get on here - bland, repetitive, and always having to try too hard to be funny.
You just get a better class of poster with the Napster Bulls !
Hi Italian
The latest conversion was just the news we wanted to shoot down the bears with.
N & G, who seem to be under-estimated by some, are now the largest shareholders with nearly 50% more shares than the next largest holders. How is that a negative?
And forget dilution. It comes with the territory.
No-one is saying the CLN route hasn't been aa bumpy road. But it's about to be tarmacked !
Offler
Wouldn't that have been a good move?
It wouldn't have sunk, would it ??
Tangible examples to the contrary, Londondan?
I don't think The Four Horsemen did 'tangible examples to the contrary.' I don't suppose they even knew what it meant. They were only a bunch of simple doom mongers after all, to be taken with a pinch of salt - well, maybe a bucketful.
Always wondered what happened to the Four Horsemen of the Apocalypse.
They posted on here today.
Apocryphal - Untrue, invented, of doubtful authenticity.
Themis
It's as I see it. I did qualify it with IMO.
We are all shareholders, with the intention of 'making money out of NAPS', as you put it. Are we not ?
Not seeing that N & G/Equitory have been working together shows naivety.
Whilst Equitory are London based, Clara Melia lives in Switzerland as do N & G. They have probably been acquainted for years, and they both made their Napster presence at roughly the same time.
It's pointless whinging about lack of news. It is what it is. But do you really suppose they are not doing anything under the radar? It's best kept there. No advantage in letting the whole world know what you're doing.
Remember what AM said in the last presentation when asked by the lady presenter about forthcoming key milestones. 'I have to be careful what I'm saying.'
Sorry for the late reply Italian.
They have now converted four tranches at four different prices. Each one more sizable and at a cheaper price than the last. Manipulation or what !! Anyway 1.48p is about what I made it.
TBH, I was more than happy to see the latest - and largest - conversion. They must be getting some positives here.
And at 12.3% it may be the end of their activity - at least with the shares.
Without going over what I have said before, I still can't get away from the fact they are working closely with Equitory on a future M & A strategy.
There are hurdles to clear i.e. 2021 H1, the new app, FY 2021, and 2022 H1. All of which will take us up to a year from now.
It almost looks like N & G/Equitory have taken over the reins - unofficially at least. Whatever, they are all over this.
All IMO.
GLR1990
Following the RNS of 1 July, their holding stood at 164,671,841. So they had slightly reduced.
They are now buying 200m which brings it to 363,671,841.
There are now 2,962,9456,547 shares in issue.
I make that 12.3%. - 12.2% if you want to round it down.
As things stand they are our largest holders by some way.