NextVR got taken out for chump change. By Apple last month. They went too early with all of their promotion, had a high cost of content creation and basically blew up. Slowly, slowly is the way to win in the VR market.
I think one could justifiably read into that that the FS could be even earlier than we expect. That would indicate there’s not much time left to load up. With a broker target price in the 20s for FS I find it incredible that this is still pretty much off of most people’s radar?
Lucky for me loading some more up this week on top of my LTHs at these crazy low prices.
Just to add to the Broadway discussion; the below is from my notes of the AGM in July 2019. Obviously Covid will have changed things but hey, who knows?
'Steven Han**** has been working on the John Gore / Broadway project for 9 months. Theatres are now at capacity, there is no way to physically expand the number of seats, ticket prices are deemed to be at maximum and, despite bringing in more matinee performances, there are both union and performer workload reasons to restrict further performances. Being so, JG sees MelodyVR as an opportunity to increase revenues. Of interest were the figures given on incomes; the average US Broadway show attendee earns $240k per annum against the average music concert attendee of $35k per annum. Theatre will come a lot more to the fore in 2020.'
Two great shows at the weekend, one more tomorrow. Two new studios (London and New York) imminent and to complement LA. New VR gigs being announced tomorrow to build the stream of concerts. Artists promoting their own gigs and saying “download the MelodyVR app now” to all their fans on social media. A couple of billionaires on the shareholder register. The big 3 music companies with options. The bigwigs in both the music and tech industries with eyes on.
Share price enhancement near guaranteed as the numbers continue to rocket. An offer from a multi-billion sized company (many to choose from) quite likely and won’t get low-balled because of who holds.
What a time for a PI to hold shares in this company. She’s a beauty.
Worked faultlessly for me. Started on the phone, went over to the Go after about ten mins for a wee while and finished on the phone. Mainly the Director’s Cut. Never heard any of his music before, loved it. Voice, keyboard skills, songs and the production all A+. Would actually download an album now.
The wall of screens could be used for a sponsors logo maybe?