Member Info for Callaway

A1ex: What is powering your strong confidence that this company is going to be taken over by one of the giants? I am not saying it's not going to happen, but I wouldn't bet my house on it.

There are thousands of tech startups out there, and large companies cannot possibly acquire every interesting prospect out there. There is also nothing to say a giant tech firm wouldn't seek to compete organically.

You make a fair point. Maybe this share isn't for someone who wants to know what's going on.

@TheBadBat - what were we all expecting? Some information? There's a difference between being a confident investor and a blind believer. Just cause you want information on what is going on, does not mean you are looking to get rich.

I think everyone here is positive around the long-term potential of this company.

But also, I think we all want to understand what progress is being made to feel comfortable with our investment - cause nothing is for certain.

If you list how they are performing in that shareholder communication / effort:
-Invites not being sent / if sent not being able to access
-Nothing being discussed at AGM
-No financial accounts
-Generally poor timeline communication

They are basically asking for us to take a leap of faith. Comms were never great, but surely never this bad? This has left a bad taste in my mouth.

Echo what A1ex is saying. I've only been here for a year and already feeling the frustration building. If you've been here for 3years.... wow...

On the RNS...It's always good to offer consumers a taste of the product to hook them in. But let's see this for what it is...it's a promotion. It's nothing better, nothing worse. People might pay more attention to it given COVID, but for me, this is nothing different to Microsoft offering you a 2 week trial or Amazon doing Prime days.

You will see that we are currently stuck below 5.5ish level which we have struggled to break above since December.
I hope we go up fast too, but find it difficult unless we get some material news...

Like others on the board, in the short-term, I see this as a big disappointment. People's positive take on it might be correct, potentially it is a prelude to a bigger event, but my confidence for that is fading. Given where we were a month ago, where half the people were speculating that Lady Gaga would be on MelodyVR, the outcome of having existing content be free for a while i.e. a promotion is a big anticlimax.

I remain bullish long term, but suspect in the short term that the '3 studios' might fade into the background for a bit. We are still waiting on Theatre, US Telco deal & VR headsets. Add this to the list.

I wonder if it's more credible this Covid series will happen in the next month or so.
Up until now, it probably would be tricky logistically to have artists come over given lockdown.
Potentially as restrictions ease, it'll be easier to have people visit the studios.

Do not see any other reason for AM to give the 'week or so' comment unless he had some artist interest - which leads me down the logistics / lockdown train of thought...

It will probably end up being more of a 'We cant do concerts so listen to this' rather than a 'Listen do this during lockdown' series is where my head is at.

Up until that news drops, sp likely to struggle to get above 5.5?

Yes, the point about exponential growth is very fair. Then it all gets down to who they can get on the platform. So far Liam Payne has been the biggest star. We haven't seen any indication that any of those major starts you are referencing are in the mix (yet!). We will just need to be realistic about who they will be able to get in the next 12months.

Nobody is saying change isn't coming Petebo, and I don't disagree about your profit point (although Spotify has over 100million subscribers so it's arguably more execusable they didn't turn a profit for years).

I think people are reacting to the fact that your tone seems to be implying it will happen in the next 3 months.

Spotify feels to me like a company that took a product / service people were already consuming and changed the way it was distributed, which gained huge traction and enabled rapid growth.

Profitability aside, in order for MVR to get a similar userbase long-term, I feel like the company has a steeper mountain to climb. They are trying to educate / immerse people in a different service altogether, one that is arguably in early-stage adoption (VR).

Not only do they need to get traction in terms of brand awareness etc. they also need people to embrace this new service (which requires additional hardware for full experience). I think everyone here has seen that the service is superior, but getting the average joe to try it will take time - time we should all be willing to invest as long-term holders. So I am very bullish long-term as consumers adapt, but wonder if these multi-billion buyout opinions and paralelles to Spotify are a tad optimistic at this stage.

Fair point. I had completely missed it as I had taken a brief break. Hope there was at least some value in the double-messaging & mindless ranting :)

Hi all,

Long-time reader who's been invested in here for a relatively short period compared to some (~1year).
Over this period, I have frequently checked this board as I found people are great at sharing information I failed to come across. I have often wanted to weigh in on debates & figured today's as good a day as any to do so.

I am of the opinion that this company has significant future potential, which is why I am invested. I think it was Alex who wrote a long piece about the key agreements the company has going for it (great pots btw). Whilst I have limited experience in the music industry, I can see this type of entertainment being well-received by the mainstream globally. Also think the company has done well so far with its agreements (FB, Wireless, O2, John Gore - all big names).

Having said that, I do think there's a constructive debate to be had whenever someone is invested in a share. The act of pointing out failings by management or potential threats to a company's sucess is important. Being aware of these challenges, and actively accounting for it in our decision-making is, in my opinion, what makes a good investor. I will always be interested in reading constructively written challenges to the company on this board, and hope it is received well and debated thoroughly (same goes for rational & grounded optimistic opinions).

Speaking of challenges, I cold-bloddedly acknowledge there are plenty ahead. My view is that mass-adoption of this technology could be slow (although Covid might accelerate this), license agreements are never 'set in stone' (however unlikely that labels might cancel) and funding could run out one day (recent raise has made this less likely). I am comfortable with these challenges, but am happy to hear any counter arguments as and when they arise to help build my understanding of this company.

I am currently not pleased with management's poor communication of timelines. I do not feel the need to be updated on exactly what they are working on at all times (I am sure they are busy doing the right things), but when timelines have been announced, I expect them to be stuck to. 'MVR Headset being ready summer 2019', 'Working on subscription model coming soon', '3 studios for VR concerts during Covid, announcements in a week or so'. Acknowledging that these initiatives are complex, I think management needs to do a better job with their communication or their ability to execute what they commit to.

That was a long rant on how I currently feel about the share and about what I've read on here. The board has always been and will be for everyone, but as a long-term observer (and hopefully future contributor), it would be great to see the board have grounded discussions on positive & negatives aspects of this company's potential.

Thanks.