Member Info for HedgeHogarth

No Troll, but like we treat all children who mistakenly think they know it all.

"If that is what you want to believe"

Balance Sheets provide a lot of information, but profitability is not one of them

Plutuq...

Very naive to claim Bobcat got something spot on.

He is part of a small team of posters who are on this board 24-7 in an attempt to ensure that any positive narrative and sentiment is quashed.

So IMHO, there was a certain inevitability that it would go back to placing price.

AIMO

Many years ago - but before university.

I used to work between the BOE and the LSE

Used to have regular "bomb drills" which involved a trip down to the sub basement!

I repeat - a balance sheet is NOT a measure of profitability

I'm not even sure what point you TROLLS AND SPAMMERS are trying to make

I genuinely hope that Mazuma ARE profitable. I would expect tem to be profitable given they are in a similar market to MusicMagpie. However, they dont;t win the awards that MMAG does, I dont beleive them to be as big as MMAG either

The profitability of th eoverall market is a factor in a company share price. The Consumer Recommerce market is a growing one and profitable one.

We buy any car.com is a great exmaple in a different industry.

Vinted is also a great example

RedOliv3

I am about to post a more comprehensive update, but let me try and help you with your question...

I have done a lot of research into this - the takeover code is complex and best consumer by those with legal training (i dont)

From what i can make out, there is no formal limit on how long it can stay open in some circumstances.

If the MMAG has declared a "Formal Sales Process" it affords them a number of exemptions that can make it easier for both the offeree and potential interested parties.

However, the code suggests that the RNS would have to explicitly say tha the cpmpany was conducting a Strategic Review or Formal Sales Process in order to potentially qualify. I'm not certain they have.

Howvere, they have very clearly signalled in an RNS that they are seeking potebtial buyers of the 100% of the called up share capital.

My working assumption is that the "Offer period" will remain open until such time the company receive a Bid or chosse a different course of action.

I hope that helps -please DYOR . I am not a lawyer and the code is complicated.

I dropped a note to MMAG investor relations. I did get a response - but they would not answer any of my questions. There repsone was that everything they have alreasy shared everything that they can share can share at this stage .

DogFarther

Thankfuly, It looks like our very manipulative and persistent troll who has done nothing but try to discredit you, the company, the market to seemingly depress the share price as now caught the attention of the moderators.

Many of their posts have been removed

Christmas is a time for giving....peace and good will to all men (and women, and children, and pets)

This QBT forum really has been the single biggest waste of space I've found.

It has been dominated but TROLLS with a clear agenda to discredit QBT as in investment

You'll all know who I am refering to...Here is a link that I found that nicely sums them up:

https://www.urbandictionary.com/define.php?term=Two%20Bob

(For those easily offended; I'm just the messenger, it is not my definition)

I will be following up with a new thread - ignoring the trolls - to my provide a short recap of the last 6-8 weeks activity here and what i think will happen next.

Now that the trolls have taken over here I few it is time to do something more useful with my time.

It will rapidly become and echo chamber with the merely telling each others stories that they all want to hear

I am content that my job here is done. Not one of the trolls has been offered anything of any value. I’m happy to now let them be and I will join the 70% who are quite content sitting on their hands. My average is now 12.4p

The process will take as long as it takes. The business will continue trading BAU - this is a great company doing great things for the circular economy. Recommerce is booming across many categories - particularly with the upcoming generation.

I expect the business to continue to manage its financial position to remain compliant with covenants. It has £4m revenue already in the locker for 2024 and gr8 momentum from Black Friday period (which last for weeks, not days)

73% of revenue was from Consumer technology. I expect this to be over 80% by May.

Good luck all

I will be back - when the company next updates on the process. That could be tomorrow, next week or the New Year.

PS - I like the idea of being a NED for MusicMagpie one day. Thank you Trolls for the idea, and have already communicated my interest to Steve and plan to discuss in the new year.

(All the answers to why I have invested in this business are in my many previous posts )

Well aren't you a cheary soul!

You clearly are not invested

Who else would turn a £5m windfall into a deramp

Go and buy ARB - it's already enticed 'giddy' buyers to propel it to a price not yet underpinned by BTC price

Or get in at the bottom on QBT - which having been in line with BTC in Aug and Oct is now at a 60% discount to BTC price

I shared something on Twitter - ARB has kept pace but QBT is not even at the races in terms of hanging onto BTC's coattails.

I'm just counting - I think I must be owed about 19 apologies and 26 'Thank You' from the Trolls - yet I have not received any. Not one.

You'd think that helping them better understand the MMAG performance would desereve some graitude.

I would also expect to get a thanks for pointing out where they have not properly understod what they have read.

And based on the sheer number of 'errors' ' misinterpretations' and 'wong conclusions; I have found in their posts - surely a few apologies would not go a miss - they may be misleading genuine investors

I use the word 'may' as I'd like to think there are npot many stupid or inexperienced enough not to see through their agenda

Yes, all day long my dear Troll

Bitcoin back through 44k - It's up an incredible +160% YOY right now.

The performance of QBT has diverged significantly in the last 2 months.

SInce Oct 20th - the price of Bitcoin is up 50%, the price of QBT is down 4%

Very surprised to see such a divergence - the increase in Bitcoin , whilst not critical to QBT model, will greatly improve their commerical negotiations.

GLA

More buys than sells again today - ignore the red shading - as we all know ithe basic algorithm that marks the trade is very basic and simply looks at whether the trade has gone through close to the bid or Offer.

The TROLLS have run out of anything to say about this company.

Every single point they have fabricated or misrepresented as been easily addressed - not surprisingly

Now they are just resorting to opening lots of new threads with short irrelevent points.

They want to push back all the factual, intelligent input into pages 2,3 ,4 etc etc

It's part of their handbook

The Irony

The Trolls having the audacity to report others

I suggest you Report yourself

Cue the Fanfair

A fifth TROLL enters the fray....welcome abour TROLL scoredagainsteps

What is your day rate?

Keep those shorts in play please - be a good boy

Notice how the Cannacord sales go through in the afternoon.

Having to sell whatever is required to provide liquidity - effectively a back-up for when the poor performing trolls fail miserably to influence and poor inexperienced Private Investors to part with there shares

I'm sure the 'party or parties' looking to accumulate would prefer that the Trolls did there job properly and dragged the price down lower.

Keep trying Trolls

Ummmm....

No, do your own research Mr Troll

I've stated my position

Besides, I'm quite content right now that you shorters stay in play until the next RNS drops

The best a TROLL can do....

Guess

"I guess this could easily be done"

You have no idea do you - you your eyes would water at the cost of Technology budgets to produce. Ive worked as part of a team just to inplement one of these and its 'a few million'

CRM System

Stock Management System

HR System

Intranet and employee communications

Online website - that supports commerce

Pricing Architecture incl Algorithms etc

Customer Service systems

Accounting software

Hardware

Warehousing

Refurbishment operations incl Stock

Diagnostic operations

Security Wipe

IP