Member Info for Djp57

Good bye and good luck everyone. Best wishes.

There has been zero mention in any public documents about NFTs.

It would be helpful to have that has been promised so far. A Music Platform that attracts millions of new subscribers. Hopefully by end Feb.

SMT probably has more to play out, partly market, rotation, US markets long overdue for a correction. IF you always bought SMT after a 25% reversal from the most recent high, you have usually done well, long term.

Thats why they invented Stockbrokers...

After today...
With a market cap if £18m...
What do people think a realistic IPO market cap could be IN 2023?
FIVE trading days left after today.

McGuyver83,
Given that people rarely change, AM is whatever you think, and was the same person when you bought. What took you so long to sell?

In any case, thank you. I bought some today.

Fair enough Offler.
Once the consolidation, delist, and conversion to a private US Co has been completed, Napster Music Inc will be a much simpler company for any potential buyer, and for an IPO.

Offler, There are two situations where a buyout happens, in my view, and most likely between six months after App release, and the IPO. First is if the new App is hugely successful (say 4m+ customers by 1Q23) and, secondly, if it fails to achieve a base case market (say sub 1.5m total customers). The first would attract large consumer/social media/tech media companies, and the second attract a VC investor prepared to invest in new management and fund to a shallower, but longer growth trajectory. Just my view. 

Thanks Offler,
1. I am down around 80%, but only because I have bought a lot more recently. It was worse before.
2. I know nothing of a beta test, but that is irrelevant to me. I suspect its been tested by selected people. I don't know to be honest. I suspect its in hand. I hope it's in hand. We will know at the end of Feb I guess.
3. I know some instutional money has left the building, but that was because they were forced to, not able to own unlisted stock. However looking at a recent shareholder list, some have added.
4. To me, it's binary - it either works, attracts subscribers, and will be valued appropriately - or it won't. I have invested on the basis of the former.
5. How many subscribers will there be in a years time? How many subscribers will be added every six months? What will the platform look like? How many subscribers could there be in two, three or more years time? Do the maths, its a worthwhile exercise.
Not advice or a recommendation. Good luck!

Offler,
I'd follow the money...

Eeman, it's been made very clear in several public statements, and at the GM, comments by SH that the new App will be released before the end February.

Neither HorsesGob, but that's OK.
In the fullness of time I hope it will be worth all the pain. If not, if I can afford to, I will buy you a drink...

I have been here as long as you Velushi. Yes it's been a very disappointing ride so far, but not so very different from many start-ups, or concept stocks in their early years.
Major shareholders support the AIM delist and potential relist on Nasdaq in 2023, as it should provide access to new capital, and following a successful App launch attain a valuation more in tune with its peer group. If the company can deliver a premium product, with a diverse music content, across several platforms, global subscriber growth could surprise on the upside, and enable a more commercial valuation. You either believe it or you don't. If you don't, I fail to understand why you'd bother posting here.
Good luck.

Oh no you're not. . .

Gob, you really are a clown.
That cannot happen because it would require a meeting of shareholders to vote on dsposal of all the assets, or undertake a plan you glibly mention.
It's clear from the public information what the plan is; to divorce from the pathetic valuation on AIM, establish and build a credible global business, list it alongside peers, in a market that appreciates the business, and will value it accordingly.

Thanks Offler.
I note the CNBC article is a very narrow subset of companies, and it doesn't tally with the Nasdaq data, where it says there were over 700 new listings on Nasdaq this year. In all US exchanges, there's been well over 1,000 IPOs this year. There is a lot of data out there, I would be very wary if relying on just one article. Note CNBC data is NOT from IPO price, but the highest trading level post IPO. There can be a big difference.
The Wall St Journal has a good comprehensive article https://www.wsj.com/articles/ipos-had-a-record-2021-now-they-are-selling-off-like-crazy-11640773806
What this highlights for me, is the potential cyclical market peak in IPOs. I have thought for some time markets are breaking new records, and some valuations incredibly rich. It is true that a significant number of IPOs this year are currently below issue price, but this is the nature of markets.
Perhaps it will prove to be a good thing to be out of the market for the next 18 months...
Regards, DP.

Offler, I must take you to task on your stat below about tech companies listing in the US this year. You are way off the mark, and it has been an incredibly good year. See https://www.nasdaq.com/articles/nasdaq-rings-in-the-new-year-celebrating-its-2021-listings-dominance

Sorry,emoji don't work
;-))

??

Fair question Offler.
Today Napster has ~1m paying subscribers for a revenue ~$90m
The company plans a global marketing programme with the launch of the new music platform, we are told towards the end of Feb. In a year, how many paying subscribers should there be? Maybe 1m, could there be more? Who knows, but the minimum would be 1m to make it worth the effort. Assume 1m customers is worth $100m revenue. Therefore $200m revenue at end 2022. What would 2023 look like? Another 1m customers (and $300m rev)? Again I think that would be the minimum required to deliver a commercial re-listing. From that, one could assume a market cap of somewhere around $300m to $400m. There will probably be more shares on issue at that point, the most bearish assumption is double that of today, which would mean a share price around $35-$40. Mine is not an exact science, it's a back of the envelope assumption of what could happen, and I have tried to be realistically conservative. It's what I believe, and why I am happy to be invested through delisting. There are much bigger fish than me on the Register, who I assume are prepared to provide the next level of funding. I can only imagine they are after returns that would be multiples of their investment, given the risks, which are plentiful.
It all boils down to a successful product launch, and subscriber numbers. If it works, I expect it to be worth all the anxiety. If not, it's back to work...