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Seems to have been rising for a couple of weeks now without any concrete news.
so the most recent RNS gives you a negative impression of the share... but that makes you even more confident about it. listen to what you'e saying and save your money
one expensive lesson that this share has taught me is that investing in VR is alright for business and education, but VR for entertainment is still years away. i dont see it changing until they can make a pair of cheap VR glasses, the same size as sunglasses. our mistake was thinking that oculus was the start of it all, but nobody wanted those expensive chunky headsets. they’re probably all gathering dust in the back of people’s cupboards
i finally sold everything out yesterday for a big loss at .4p but wish good luck to all the long-suffering PIs still in. been in and out of it since the EVRH days but i couldn't stomach another long wait to 2023 to find out which plan they're going to backtrack on next.
...can't believe people have come on here saying it's a great buy...
every time it goes down people come on here saying fill your boots, and people do it! who was the guy who averaged down the other day? he's probably lost 40% already in just a few days
at least we're all out of our misery now
type 'root' and 'root'
i haven't got a clue if this is different to the current app, but you can use 'root', 'root' on this page https://app-beta.napster.com and stuff comes up. maybe someone wants to take a look
If you still want to buy, the time to do it is after new app has come out and the price actually turns around properly, and the company shows it’s making progress again with proper news
Buying before any of that happens is just chucking more money after bad because there’s no sign of it turning around yet., just more promises of an already delayed app. And we all.know what matchetts promises are worth
just interested in why you didn’t wait, deadcross. if you’re going to average down then fair enough. but we know the app isn’t coming out until next year and we’ve had no news all year, so this is only going to drop even more in december. probably under half-a-p. you would likely have got double the number of shares for your. money if you waited another month. now you’re going to lose half your money again
Once you’ve mentally written off your money it’s easier to sit and watch, just to see what happens. I’ve learnt a few new lessons with this one.
I suppose the one grain of hope is that it doesn’t sixty-eight highly-paid people a whole year just to apply a new lick of paint to an existing app. Presumably they must have stripped it and rebuilt it and added loads of stuff (hopefully live shows)
But you never know with matchett.
the worrying thing is the total lack of RNS's about new deals they've signed... or any RNS's at all... if you look at the list of RNS's on here, apart from that 'Expansion of relationship with Sonos Radio HD' back in June, there's nothing all year. it's like they've all gone into hibernation while they're working on this new app. and it's not like they can blame the pandemic anymore because everyone's back in business.
you'd think they might have inked at least a few new ones since they bought napster.
signing new deals was actually the one thing that AM was relatively good at before he launched melody, signing new deals every five minutes, that's what helped pump the price up to 18p on launch day
the only way this new app is going to raise the share price if it's selling VR tickets to live shows built in (or at least a 2D version that you can view on your mobile phone), like melody were supposed to do, and hopefully we'll have a few big name shows at launch. and if it's got all that social chat stuff built in as well then that will be a bonus because that might get the user numbers up (remember when matchett promised us that years ago?) but we need to finally roll out the live shows, like that old Wireless festival
if we've been waiting for 12 months and all we get for our patience is a spruced up napster app with melody's old videos on it then i'd be amazed if we even get to 2p, because the market already knows napster's numbers, and melody's videos never made melody any money the first time round, and now they're all old. there needs to be a big new money-making wheeze on it or we'll be stuck at 1p forever
The lower it goes the better now. We've still got ages before the app comes out (if it ever does). Putting some chump change in when it gets down to half-a-p and lower might be the best chance of getting some losses back if they do another pump and dump.
But I’m not putting anything in I’m not prepared to lose. The way this share is going I wouldn’t be surprised if we just wake up one morning and find out it’s all over
Surprised it didn’t drop a lot when it hit 1p, thats normally when you see all the stops go
I think the market has totally lost faith in his promises now because we haven’t seen a share price uptick with the last two big bits of news. When the shares came back early this year with Napster after being suspended people were predicting 10p and above and... nothing happened. We ended up losing even more. And now the financials come out and we’ve actually got some revenues for the first time and... nothing again.
A snazzy new app isn’t going to do anything, They need to get rid of matchett
...the annoying thing is that liam payne VR gig did actually work pretty well, and in 2018 we were still ahead of everyone else. if he should have pushed on with the live shows, but he did diddly squat with it and now we've fallen way behind
I've been here long enough to remember Matchett's first 'trial event' for the melody app, when he recorded liam payne at KOKO with his VR cameras.
that was nearly three years ago now.
All those people predicting a re-rate once the financials came out... we’ve got a 1% drop.
Next thing they’ll be pinning their hopes on is the app, then nasdaq, then something else.
Matchett needs to go because he’s useless. That’s the only thing I’m pinning my hopes on