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They have gone with Oracle from current reports.

This is as relevant now as it was then. Watch the first part in reference to music in the 60s and its profitability. Very interesting take.

https://www.youtube.com/watch?v=VY6wFezgfpw

Reading recent posts has made me think, its got nothing to do with Triller, Apex, Emusic etc. They are all great don't get me wrong they are great to have, but the final outcome will be WHAT IS ON THOSE ACCOUNTS, come when they are released. How good a player is, is one thing but if they cannot get results and win games then what use are they? Its all about results, results, results! If they have hit profits and they have hinted at that, and the evidence is hard to believe they have not, then this will re-rate as appropriate and bring on the type of long term buyers we all need who can see a bargain. Triller and co are only the beginning of hopefully many. Great teams are built on a number of great components not just one player.

LOL Darkhorse, I was reading though the posts to catch up and then saw your reference to 20p. I said to my brother only yesterday that they are giving away 20p shares for sub 2p right now. The price drop can be painful if you have no further way off adding and see the current investment feel like its eroding. I am in that position that I cannot add, but its only temporary.

My average is far higher than this, maybe around 2.75p? but not in the least bit concerned because all the boxes tick that they are on the correct track. Rob regarding results - do you know if the brokers are still the same from last year when results were delayed? I will check if I don't hear back but the whole team look clued on so I believe they will be investor friendly.

I am in touch with the main guy at SYME (though not invested yet) and also SKIN and hope to do the same with the main people here within their boundaries of what they can and cannot say. Its is after all an investment.

The Company's AGM will be held at 10.00am on 9th September 2020

Hopefully update on RTO target to follow.

To be honest they are a small company with around 3-4 directors based in London, with average ages of around 33 years old. They have assets recorded to around £275k. They are small they are tiny but they are smart and savvy enough to have gained traction with John Lewis partnership.

They need 7dig as much as 7dig need them too. Its a smart deal and it works for both.

You have a choice of running around all day trying to buy VELA with the rest of the clueless not knowing what they bought or why and then seeing 50% wiped off in a day or smartly buy into growing companies like 7dig and make yourself a decent packet instead of feeding the brokers.

Fellow posters please one more time this was not a regulatory RNS. It was printed on the London Stock Exchange's non-regulatory press arm. It was an Non RNS.

Some might deramp this all the way to 1.5p without a clue why, but for me if it ever went there, I would be buying, but I regret that if I want it, it will never happen because I don't normally get that lucky! 20p+ in 2-3 years? Its certainly doing all the right things. That win this morning is the endorsement and the foot in the door you need.

About RNS Reach announcements

This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Richy for me personally this is a win win situation. It goes down it gives a better chance to add when funds become available. If it rises then we live with what comes in and consider adding. Its a win win over time.

About RNS Reach announcements

As a sidenote regarding today's news:

This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.

ah ok now it makes sense. It was recorded this morning as a NONRNS. Seeing a lot of these recently. I assume that this is produced and sent out at no cost?

The news is an entry into a new area, with an established client, in a very lucrative industry at a time when its needed.

Richy
£5m would have been 226m shares. £6m is 266m so I agree with your figures.

10% is referred to in the Investor Presentation document issued on 02.09.2020 on page 13. It is referred to as 'other' when highlighting what the proceeds will be used for. Just saying mate it is a bit of a coincidence that the loan was £500000, and 10% of £5m is also £500000. It may not be for that and the loan is being paid back through other means but it is certainly getting paid back as they have enough cover.

If you scroll back through the posts yesterday there is a link up for the document.

Richy I notice from the £5m raised (we all know it was £6m though), that they have put aside 10% for 'other.' That 10% just happens to be £500000 which just happens to be the same as the loan. So not saying it is certainly been put aside for that, but it certainly a good case for it.

I am not surprised at the lack of interest this morning when you have the London Stock Exchange's own site not showing the RNS, and also another popular site amongst trolls not showing it either! The only way I found out is by scrolling through here this morning. SO I assume a lot of people don't know about this deal.

In regards to this deal it reminds me of Micheal Jackson or the Beatles doing their first music and people saying "who are they?" Patience is key here and I am seeing one by one excellent companies emerging that with patience and sensible investing will make a future OR one can go off and buy a 100% riser on the day only to lose it all again running around the casino tables on AIM. Staying here but really annoyed funds not released to add.

If Ally Love is contracted to Peloton, then surely permission would have to have been given to 7dig to use her photo ONLY if there is something between them happening? Surely more the coincidence because that is her!

interesting from last year:

https://www.theverge.com/2019/4/24/18514036/peloton-music-copyright-fitness-studios-gym-on-demand-media-strategy

itye1970 thanks much appreciated for that. Very helpful.

So I watched that video of the Paul Langworthy again and I will watch once more to make sure I read it right.

1. Triller: This part will be steady smooth growth dependent on Triller’s own growth. If Triller take on TikTok’s USA arm, the price of 7dig will certainly gain a foundation, but not the rerate some think. It will all depend on numbers and since 7dig get a percentage of the Triller usage numbers plus whatever was agreed at contract renewal that to me will add to the bottom line.

2. The 7dig platform ambition to gain new artist revenue streams is a new innovative idea and it will take a bit of time with external input. It will be profitable again but not as people think overnight. It’s an interesting area and 7dig will get a small percentage of any revenues gained from signing up new artists.

3. Home entertainment: This is the BIG winner in the very short term and this is why in my opinion they raised the cash last week. They are going to be a front runner in this with hopefully a big partner and I believe that this will be the next announcement. They will hit a massive amount of revenue from this area and in PL’s interview he tried to control his excitement but at the same time kept singing its praises over and over and if you could pick up on it then you know this will heavily impact the share price from here. He said it’s a £94bn industry, so if you are a front runner in that with a major partner then you will hit the jackpot.

4. The raise last week made it a forgone conclusion that the business is now profitable and will announced it in Q4, but it needs to be in black and white and then there will be further institutional interest if not potential predators looking to maybe buy the business.

Spotify is similar in what 7dig does and it has a similar level of tracks to 7dig in its library of around 80m. All I know is that 7dig are adding around 1m more per month. Spotify is $248 per share on the NYSE and market capped at $46bn. I highlight this to show the level of growth possible and have the market under-priced 7dig for now? Roll on results, roll on contracts!

I am new to this company as a holder so can anyone long term tell me if we have already established any clients in this area? Enterprise fitness companies, or in the Home entertainment/fitness area, thanks.

goergic normally I would dismiss such posts as you just made as just hearsay or fantasy, but you did the following post around 25.01.2020:

This will open over a penny on Monday ( or soon after25 Jan 2020 00:05
Rem3mber we have being waiting for quite a while now, load up please before the boat goes.
Big up, big up, big up -( 7 dig)

Well it went over a penny when it was 0.18p at the time of your post!! so now you got my interest certainly.

jeppers

The BOD currently will probably not be the same guys if an RTO goes ahead. Then again an RTO has to actually happen for everything to happen. ABAL had John Treacey on board but he resigned as soon as the RTO took place with SYME. He is currently one of our directors. He comes across as professional and focused so reckon he is not the issue. Alan Syms also from reports from others is certainly a decent professional well respected. I have emailed him in the past and he has been courteous and helpful within the limits allowed so again he is not an issue.

Regarding AG on the other hand? I just put my fist through the wall!! I must be the biggest A hole living to have believed this guy. The wealthy look after each other, and the poor turn to God, but we will have our day.

Thank yo Charlie and Darkhorse.

I am raging that I cannot add at these prices. Not going to bore you with the details as I have said it many times what my current situation is. Good point darkhorse, about the shares from the placing have yet to hit the market which now for me shows me they may have lined up news for that period so those shares end up either remaining with the current takers thus creating a hike in the price, or they will be fought over at a much higher price and if they were to satisfy demand it will be at a much higher level. The clues are all in the speed that the placing was done at plus the book closing earlier than needed and demand was higher than required. Now if some choose to ignore that then good luck and safe investing.

mornington-oz the clue was in the placing RNS yesterday mate.

They did a placing which was heavily oversubscribed. How do we know it was heavily oversubscribed? Well we were told it was for £5m but instead someone tipped the balance and it became £6m. Now ask yourself, was it possible that there were others also desperate to get in through the door and throws a few more millions, at the bargain price of 2.25p? Well guess what those same people like weathergeek posted so relevantly yesterday are now getting another chance by putting large orders as was seen after hours yesterday and no doubt we will see again after hours tonight. I counted around 8m serious shares bought after hours last night.

People here are concerned about the current drop in price. The price right now is a diversion from what really may be happening. TW and co, are on the case with their site trying to do the team at 7dig a favour and rattle some sellers out with usual BS .

There was an immediate drop yesterday from the 3.15p area to 2.4p yesterday and then recovery to 2.6p roughly so there is gap area of between 2.60 and above to 3.15p again to be made up. The current situation also makes the share aggressively oversold despite all the buying, and if we get a close of the current price I would gladly take it knowing recovery is nailed on next week.