Member Info for Djp57

Nothing great was ever achieved without a dream and imagination...

https://prnt.sc/1grtoxq

Rbbe, just so you know, I keep detailed reasoning for my investments, which I review regularly. The points below help keep things in perspective. I regard Napster as a long term investment, albeit with risk. Keeping one's eye on the long game prevents irrational, spontaneous investment mistakes occurring. That's my view anyway. Nothing I put down should be regarded as advice, bust my personal opinion. Regards.

Rbbe, I have no idea as to the identity of the buyers. However I would assume that any substantial holders making purchases (or sales) beyond the reporting limits would be announced in the usual way.

POSSIBLE reasons for turn around yesterday, in no order of importance...
1. Selling exhausted. Anyone who wanted to sell has done so.
2. Forced selling finished (leveraged holders being sold out as stop loss initiated).
3. Expectation that N&G may convert the remaining CLNs to shares between now and AGM 12 Aug.
4. Share price fallen below level the CLN bears had predicted. It has been oversold.
5. A few taking the view all the "bad news" is priced in.
6. Expectations of £500m/£600m revenue company mispriced (to the tune of 10x)
7. Time line more visible:
A. AGM 12 Aug
B. 1H21 results before 30 Sept
C. App release, 4Q
D. Any new or extended B2B deals
E. Any new telecom agreements
Just an opinion.

That Napster mention is purely technical, and takes no account of the following trigger points:
Time line....
1. AGM 12 Aug, look for any updates
2. 1H21 results before 30 Sept, look for any updated timeline
3. App release, 4Q as per annual report.
4. Any new or extended B2B deals (plenty reported on line)
5. Any new telecom agreements (flagged in annual report comments)
Before the app release the company would presumably have to have teleo agreements in place, artists lined up etc. This all takes time so could well be going on now.
A telecom agreement must be quite a labourers exercise. Telco would need all sorts of approvals, guarantees, legal work checks, complaince, technical guarantees, security agreements, quality control, etc, etc. One just doesn't ring O2 and tell the marketing guys let's do a deal. There would probably be multiple meetings with a telecom over several weeks/months. Presumably these must be going on now...?
All IMO, do your own due diligence.

But it's true Dan. And you know it...

But it's true Dan. And you know it...

Mel5, this is for you...
When a long term bull goes bearish after a long sell off, its time to go LONG...
Happy Friday
GLA!!!!

Usually a positive sign of a changing trend. Let's hope we can rise above and close above the downtrend channel and establish a new uptrend.
If we have news that N&G are exchanging the remaining CLNs for shares it would be helpful too.
IMO.

The last few weeks has been a typical clearing out puke, based mostly on panic and misinformation.
AGM in a few weeks may give a bit more clarity on the time line. Certainly a company with revenues this year of £100m to £150mat a guess should not be trading g at a quarter or a third of that.
Then there is post-app release to expect. CEO has said £500m revenues in presentations. Surely that worth a market cap of £500m to £1bn...
Just my view, and I have added significant holdings recently.
Just my opinion.

From 10 June RNS:
Apologies, the info below is wrong, apologies.

From 10 June RNS:
This conversion notice follows from the Company having issued a total of £5,840,000 Loan Notes to date under the previously announced investment agreement with the Investor under which Loan Notes with an aggregate value of £8.0 million will be issued.
I make that £2.16m worth left to convert.

Mel, what do you mean contact AM directly?

Dilution has been made quite clear. If you issue new shares to fund growth, yes existing shareholders will be diluted. That's been made quite clear in the AD. It's normal in any company at this stage of corporate life.

Bonkers, what other technical do you see? RID 16 is usually a gift...

Horse, it's not unusual for senior people to leave post merger. There can only be one job, and usually two heads for that spot. Whoever misses out is bound to leave. Also, as soon as a merger is announced, the headhunters go for broke trying to dislodge key people. There is big bucks in moving senior people around, znd it's been a dry hole the past year.

And in any case the company has to give 21 days notice

I believe the AGM will be sometime in August

The most likely reason for the price collapse is leveraged traders being stopped out.

Horse, londondan, cunir etc...
The people who have put large amounts of money into Napster will have had face to face (real or virtual) with the CEO and probably other management. They will have done their own background checks, industry checks, and evaluation. Why don't you just accept the fact this company will work, deliver the new platform, and make a success of the strategy. What you don't seem to have is an appreciation for the strategy, and a vision of change.
To me, you are just impatient gits, who want to poke what ever you can behind the mask of anonymity. What heroes you are.