Member Info for Djp57

Mooney, thank you for your continued constructive comments. Seems we are more aligned in our commitment and strategy than I initially interpreted.
Hopefully one day before too long, we can sit around a table with management and air our concerns face to face. The next six months are critical for NAPS future, especially the update and forward statement in the upcoming FY20.
Regards

Thanks Mooney.
You make some valid points below and it seems we are long term, on the same page. I hope there is some more detail to be released with the FY20 by end of June.
Agreed there could be more dialogue with investors. Perhaps there is with the larger shareholders... let's see...
In the meantime, have a good weekend all.

Mooney, mycool, horse...
No way would you expect anything ahead of the FY20 results which should be published by end of June (last year was 30 June). There is bound to be an accompanying statement, outlining operational progress and outlook. The events from 2H last year may provide some stats for you to pick at.
Don't expect anything before results - unless there is new, significant, price sensitive event.
Honestly,  you blokes are too impatient, expect way too much at this stage of the company. You make a joke of yourselves trying to pick holes.
Following the AD, we've had regular RNSs in financing, a presentation, operational update, and recent press. Much more than previous years. More will come in time, when it's appropriate.
Sit tight lads, when the App is built and operating, wait for everything to fall into place. I guess we all have capital at stake here. I'm more interested in the long game rather than the 2pm at Newmarket. 

Thanks KL. Good points to make about content. Perhaps there is more to look forward to then...

A few references to "next financials" in recent days, originating I guess from the reference in CEO's recent interview.
Surely next results will be for the year ended 31 Dec 2020. What could have changed significantly during that period. Surely all hands were on deck completing the RTO, and producing a few events. The next results may have some promising stats and updated commentary, but surely its still all about the future? And delivering on that.

I have added size recently (last 2 weeks). If there is no support the CLN provider is being presented with a gift. In the absence of substantial new good news, the low could well be the third week of June.
However, what happens after that? How long before NAPS can create enough cash to pay for its own costs, development?
Any new deals/business relationships, financing, the App development, and of course statutory results. All IMO...

...its all about the CLNs. The incentive (whether its intended or not) is to have the share price as low as possible so the conversion creates more shares for the financier. In the absence of any compelling good news, share price goes nowhere until the CLNs are done, in my view. It is what it is, but the eventual upside will be worth the pain in the meantime.

Mooney... probably a more disciplined and coordinated strategy. In my experience when everyone is silent, there is a reason. Perhaps the flood gates are about to open...?
My glass is half full, so I admit the optimism. But my money is where my mouth is.

Thanks Mooney.
I feel until the CLNs are converted there is more likelihood the price remains under pressure. One way to reverse that is to find new, committed buyers.

Good points Mooney. I also have added significantly in recent weeks. Frustration level however, is high...
However there is still a game to play out. Interesting that the funding was increased, but more importantly accelerated. There are three tranches to come between now and June 30. Why was that I wonder? Either more development talent was required to deliver, or the budgets were too low. Will there be more funding needed post June 30? According to the recent update there is enough to last until March 2022.
I feel that the risk remains that it takes too much time. I'm not so concerned the PR machine hasn't ramped up yet - I expect that will come when all the product ducks, technology, and talent are lined up ready to go. It would be a disaster to stumble and fall at the first instance. Get it right first, then start running.

Orlm
OK, but we can figure that out, assuming new stock from the CLNs are issued at 2p, we know the amount outstanding, £6.46m, so we're talking around 322m new shares... between now and end June.
Of course any positive news before then could lift the share price and reduce that amount...
But remember, capital for emerging companies is not free, and I would be much less comfortable having any significant debt at this stage of NAPS progress. It would no doubt be much more expensive.
As I have said before it's all upside, in '000's of %, in my view. There is plenty of room for many players in this business.

Orlm...
Why?
The company statement 14 April says: "... To date the Company has already received funding of £1.54m under the existing arrangement, the balance of £6.46m will be advanced in 3 equal monthly instalments commencing April 2021. All other terms of the Convertible Loan Notes remain unchanged..."
What is there to anticipate, or not understand?

On 3 Feb I provided some rough numbers on this chat, concluding NAPS could be worth anywhere between 56p to 170p. I know that's a wide spread, but it's degrees if success being delivered, and let's face it, the top number could prove to be way too low, in the fullness if time.

The worst I have is 2p downside. Ok that's 100% but that's the max I can lose. I know, and accept the risks of being an equity holder. I will be diluted more I know, because to grow, develop, and achieve  success, NAPS requires cash. Someone has to provide it, and it's not free.

However, my glass is always half full. I see the ultimate upside in thousands of %. At worst, in hundreds of %. I know it will take time but I am prepared to be patient. Large fortunes are never made overnight. The journey may be exhausting, but will be worth it. Happy Saturday.

HorseGob,
ALL shareholders have the same rights, and in the event of an action like that must be offered the same terms.

In perilous and unprecedented times, this baby has been crawling along. Soon it should start to walk... Be patient.

Thanks Mel. Good points, echo my sentiments. Patience will be rewarded I am sure. Although there is no reason for anyone to read the Admission Document, other than existing holders.

What is needed really is a few brokers with a decent client base to research and help promote the company. However, having worked in the broking business for over 40 years, you need someone pretty special, brave, resourceful, and foresight, to appreciate the opportunity with a market cap sub-US$100m, let alone Sub-US$1bn.

Perhaps some of the institutional shareholders could encourage some following. Probably the new IR Team have a plan...

Are the verbose bears so animated? What's their agenda? What's the payoff?

MVR has been completely open about the requirement for funding going forward. Read the AD. A new investor is involved. The more new investors, the greater the exposure and following. The large corporate and institutional investors do more diligence than anyone playing on this board, will have had direct access to management, and know more about the industry, its future than all of us out together. Get over it. The future is bright, the future is Napster.

Well said Mel5.

What if MVR was to achieve 10% of Spotify's market cap. Would have to be justified of course, growing subscriber base, significantly increasing revenues, monetizing record label and talent relationships, using new technology to offer enhanced subscriber experience, etc.
What could be achieved? Perhaps Spotify is a useful comp. Let's be super conservative, and not use today's Spotify mkt cap (almost US$60bn), but the low point since its listing, ~US$20bn, or about £14bn. At 10% that's £1.4bn and on today's share count comes out at ~56p MVR share price.
Of course, to achieve 20% of Spotify's valuation, or to use today's Spotify market cap comes out at £1.12, and £1.70/share respectively. It's all possible - but more likely after a lot of very hard work, some hiccups along the way. It's quite conceivable we are sitting on a multi billion pound company that will disrupt, and enhance the music industry.
Or, an established media/telecom/tech company sees the opportunity, and either buys MVR, or takes another disruptive route, and builds it alone. Anything is possible...

To anyone wanting to know more...
Did anyone here know about John Gore joining up with Melody before it was announced? Did anyone know about Napster beforehand? Did anyone know about the agreements with record companies, the O2 deal? Or the recent Singtel deal?

Don't confuse not knowing what's going on with "nothing is happening". It's obvious to me there is plenty of deal making, relationship building, and business being created, developed, planned. But that doesn't mean this forum knows about it beforehand.

LT holders are patient, and that's how large fortunes are made. Short term punters can rant and rave all they like but it won't change the behaviour of MVR, trying to build a long term sustainable business that could become a household name.