Member Info for HorsesGob

NAPSTER MUSIC INC - Important Information
Acquisition by Algorand Holdco I Inc (Algorand).

Under the terms of the Merger Napster shareholders will receive an Initial payment of approximately USD7.6666 per Napster inc (Napster) share held, then 3 deferred payments over a period of 12 months.

Important Information & Other Key Dates:

Earlier in 2022, Napster Plc underwent a Scheme of Arrangement whereby the shares were consolidated and delisted. Shares in Napster Music Inc were then due to be issued to holders of consolidated Napster Plc shares, with the company's intention being that Napster Music Inc would seek to list on the NASDAQ exchange in the United States sometime during 2023.

Subsequently, on 16th February 2022 Napster Music Inc (Napster) announced an Acquisition of Napster by Algorand by way of a Merger. Following completion of the Merger, Napster is now a wholly owned subsidiary of Algorand.

We are currently in the process of claiming the initial payment from the company. Due to complexities in the claim process, it is not yet known when this cash will be received, however we will update your account upon receipt.

Further deferred payments will be made over a period of 12 months, details of these payments will be communicated to you as and when the payments are due to be paid. Please be aware, the fourth follow-on payment will be made in either cash or tokens. Algorand intends to launch a token with Napster, however if the tokens do not launch within 12 months of closing, a further USD25million (less costs) in cash will be distributed to shareholders.

Please be aware that tokens are not eligible to be held on our platform, we are investigating the options available to us with respect to any tokens that may be issued. We will communicate to you again with any further information regarding the issue of tokens.

Any cash entitlements will be converted into Pounds Sterling at an exchange rate available at the time of receipt. Such rates will reflect the prevailing currency market at the time of conversion.

Please be aware that the proceeds of the Merger may be subject to withholding tax under US tax regulations. As we are not qualified tax advisors, we are unable to advise you on any tax implications.

This is the latest response has at 16:05:

The team have said that they are in contact with the company to receive the outstanding payment and also In terms of the crypto currency, they are also trying to establish whether there will be an option to not receive these. as we, more than likely wont be able to hold these or have any mechanism for crediting customers with these. Its in discussion at the moment and we will update customers when we know more. That's all what they can tell at the moment.

Lloyds say they have not received any monies but are aware other companies have received it. They are still leasing with the company. Personally I don't think Lloyds care and will just wait until the money comes, If you are a Lloyds customer get on to them know.

Just got this from Lloyds:

We are still working things through with Algorand and we haven't taken receipt of the funds yet, we have a discrepancy with the cash so we are working through the discrepancy before we take the cash. Sorry for the delay the team are aware of this and are working to get this resolved

I have heard that (Interactive Investors). One thing you need to do is complete the W-8BEN form. When completing use "AJBYI_Guidelines_for_completion_of_Form_W-8BEN.PDF"

has horsey says and I agree they are liars

Lol. If someone owes you something then you should not have to pay to get it.

Just had an email today, a distant relative has left me £10,000 they want £50 bank transfer fee.

sorry would have to remove you if I gave you more information. But I did hear something from another horse "nay"

From what I have heard SFO may be involved

AM need to watch his back

When you scam investors you need to pass the blame to someone else.

The ride has not finished it heading for a wall, wait for the crash; this company is dead and the remaining shareholders won't see a penny of there investment AM will make sure of that, fracking sewer rat. It's been a virtual dream, a pyramid scheme

I think AM is looking at a new startup so he can continue is scamming it's called VR NFC. He has already got a library of 1000 NFC's. I think he will see if JG and N&G wants to invest in his new venture. It will be a fantastic company just think you will be able to see NFC's virtually. I will be buying into this, love losing my money.

The sewer rats should be jailed. AM will be gone soon mark my words.

some are getting rich for buying and selling in last few days, probably be the sewer rats. Also keep well clear of NFTs.

does anyone want to buy my shares for £1 each

Djp57. "Do the maths" I get a divide by zero error. I really don't buy in to what they have and what they are going to do.

Nothing has happened in the last 2 years; I've seen no evidence the VR library exists or whether a new App actually exists.

AM blames AIM for the mess we are in, the worm should take full responsibility for his failing actions and resign. I am only here because there's a remote and I mean remote possibility I might get back some of my investment.

For the last 2 years all AM has done is spend our money while promising the earth and delivering nothing. This worm is a reincarnation of Charles Ponzi. Which ever way you look at it, those at the bottom are the losers.

To stand by this worm you are either part of the sham or you really need to go to Specsavers or night school

GLA

Djp57. I really hope so, never expected to get rich but was hoping for a bit of a nest egg when I retire. Just hope I get my 27k back. I have accepted my loss but can wait another 7 years. Good luck

Djp57 are you AM or SH or another sniveling sewer rat. If not my appologies