Member Info for Callaway

Yeah, maybe it's just me, but the air of anticipation and excitement that we are on the cusp of something (like we had at last year's Wireless), doesn't seem to be there.

Truly hoping i'll be proved wrong over next couple of trading days.

Maybe I was naive. I was feeling pretty confident we'd be at at least 6p by now (day before Wireless), with scope to push 8p post weekend.
You will all tell me not to be short-term minded. Which is true.

Just would've been nice and encouraging...

It did indeed stop the momentum but the spread has narrowed.
Market makers were quoting a 0.2 - 0.3 between bid ask.
After news it's narrowed down to 0.1. Current Bid / Ask at 4.4 / 4.5.
I take that as a big bit of uncertainty gone, and share price still intact. Good news all in all. Last year's results had us close 3p if I remember correctly.

Agree. Nothing major to report as expected. Their cash burn explains why they needed to raise capital earlier in the year. At this rate they may need another raise within the next 12 months.

I think a surprise announcement would be a nice bonus, but wouldn't bank on it tbh. They didn't include a line saying "and more to come..." - the comms looks pretty final. Let's work with what we've got.

PR has already started from media, let's hope for these artists to start plugging the event over the coming week. The last few days running up to last year's festival was heavy on marketing from MVR. Let's hope for something similar.

I was personally expecting a few bigger names.
Having said that, last year we were a small vr broadcaster of an event with a huge line-up.
This year, we are the sole & main broadcaster of an event with a lesser line-up.

From a net perspective, my reasoning is that this event has more potential for MVR than last year. IMO ofc.

Thanks A1ex, much appreciated.

I seriously hope you are right and that those names are going to be announced on top of these ones.
My fear is that the article was an error, given all the names on there are pretty much the top 2019 line-up...

A1ex could you maybe let us know which names you saw in the article?
Maybe that can give us a steer on whether they are being held back or if it was a printing mistake?

I think it's understandable that long-term holders (2y+) are losing energy.
They've been through a few cycles of "OMG that artist tweeted XYZ" and haven't seen long-term improvement in the # of users etc. It is easy to continue to list number of views etc. but unless that converts into some for of consistent performance, I think you get a bit numb.

Having said that. Let's not confuse our own enthusiasm for the market's enthusiasm. For every new person that hears about it, that's a potential customer & investor, which will benefit us all. I think this Wireless Connect is building up to something special and hopefully our doubts will be laid to rest (at least in the short/medium-term).

Back in the boat with you guys...timed it 1h too early though as I thought the 500 support would hold. Happy to be back in this company though.

I think it's just a wider reflection of how the market is trading at the moment.

Mel5 - Fair. For a punt penny share it has a lot going for it. Let's hope for increased interest as Wireless Connect approaches.

Long-term potential aside...

With all the news about retail investors having a punt in the stock market, especially in penny stocks and distressed companies... If the PR machine just starts kicking in, I want to believe this could benefit massively?

It's easy to be smitten by MVR's story (tech + COVID tailwind) as we all have been, and in the heat of the moment retail investors' expectation management could fly out the window. I mean, people are buying Hertz stock at the moment as they are going into bankruptcy... is it wishful thinking or could we be on the brink of a massive price re-rate over the next month?

Feeling bullish with Wireless looming (6p IMO)...question is whether now is the best time to top up...
Each time they've released accounts, the price has dropped before recovering quickly... Will we get that golden opportunity at some point in June?

Anyone is welcome to be honest. Even some of you guys performing is better than radio silence

time.will.tell - Well said. Although the price seems to be holding up ok so far - which is a good sign! Best of luck going forward. There will be better days ahead with this share.

Time.will.tell - I am completely with you.
As a naive beginner investor I put some money in her at its peak of £1.6. Even then I thought I was getting a good deal.
Since then I managed to average down multiple times (post Muddy Waters & Corona) to a point where I am only ~15% down overall at the moment.

Based on what I've read, I still feel confident in this company and feel like the board have really tried to have people understand the company and what it's trying to do. However, having multiple opinions contradict that can be difficult to swallow. Especially seeing the price decline multiple times, and failing to see a strong recovery takes its mental toll.

Having been disappointed by several pump and dumps, I made the difficult decision to sell out my holding today, taking a bit of a loss, with a view to buy in when (or if) it goes down again. I know I shouldn't be looking at the day to day movements, and that I should have a long term horizon, but my emotions got the best of me today. Hope we've found a new trading range (above the 400-500) and that there are better days ahead.

Could have legs...they still have more than half of their position left short according to the shorttracker...

So no 15p by the end of this week?

What lack of news? They've announced wirelss and they have a semi-regular flow of people in the Live from LA series.
Not saying we are Spotify yet, but it's not all too bad at the moment is it?

If the CEO of Live Nation is tweeting about it, I have enough faith that he does so knowing MVR has something good planned.