Member Info for Jimmy_Stocks

Raid on the Ruhr they aren't releasing on PSVR at the moment. Apparently due to the cost of this porting, they are going to see how well the feature does on the other platform before committing.

Considering Titanic sales have come predominately from PSVR, you would think this platform was a priority. I can only think they have already done alot of the work with the BBC feature and so it wasn't like starting a project from scratch.

They have another feature coming later in the year that will apparently come out on Playstation first, which is good news. Apparently the Quality Assurance is a more lengthy process with Playstation and they learnt alot from previous mistakes or assumptions with Titanic release.

Hopefully revenue picks up from the showcase features when the Oculus Quest is release in 1-2 months time. Apollo 11 income has been steady apparently, Titanic generating approx. £100k per month first 3 months. Hopefully no placing anytime soon as VR will be more in the limelight 12 months from now imo. ENGAGE seems like it will be the cash cow based on numbers mentioned for Enterprise packages but that seems 12 months + away.

Having listened to the transcript, DW said in 2-3 years time, they will have 10-15 experiences to sit with the ENGAGE platform that educators will then be able to access at the same time. This is all about banking content that will then generate more and more revenue as VR adoption grows.

I think a really good idea personally would be to employ 1 or 2 educators who would then create content full-time for the ENGAGE platform that could then be licensed out along with these showcase features. Nothing fancy and highly engineered like Apollo 11 or Titanic etc, more along the lines of say a basic first aid course, or any other basic training that is popular.

Even a guided educated tour of historical sights across the UK would sell really well in places like Dubai and China / the Far East where they love anything British. Would be simple enough to put together with the tech and camera's they have.

This company is definitely one for the future but I do think they are missing a trick by not creating more content themselves and licensing that out. These showcase features are great but more simple pieces that are in line with school, college or apprenticeship curriculum could add to the bank of content generating revenue. Would really help selling the platform to schools / colleges if they have a feature that is aligned to the curriculum of their potential buyer.

Good post RestLess.

On another note, taken from another board - https://petition.parliament.uk/petitions/242399

I believe the only mistake with Titanic PSVR was that the release date was delayed. It seems the same has happened with this latest feature?

Personally I would be prioritising PSVR release vs the rest due to the number of headsets, although that might change when the Oculus Quest is released, as I understand the port across from Rift to Quest will be very simple, so hopefully VRE should be ready to have all their features available on the Quest upon it's release this spring.

ENGAGE - As far as I see it, it is free to create content, then the creator keeps 70% and VRE take 30% if I have the numbers correct? This means attracting content creators is key as far as I can see it. They have partnered with Oxford Uni and Shenandoah Uni in the US, need to see more of these (much more). They should be targeting any Training provider and getting out there to demonstrate the tech so creating content on the platform, forget the big names, there are thousands and thousands of training providers out there. Are 2 BD appointments enough?

Ramping up spend of advertising is the precise behaviour that would send this company broke before the VR market catches up. More funding here = all of our shares being diluted, why would anybody think that is a good idea? Let our sugar daddy Facebook (2nd biggest advertising company in the world) take care of getting the MVR brand out there.

Keeping spend as lean as possible whilst still churning out content for the back catalogue in the background (as they have been exactly doing) is key to the longevity and success of this and any other VR / AR business at this nascent stage.

Titanic was delayed on PSVR and seems the same has happened with this Dambusters feature also. If there is a reason for this then it would help that they communicate to shareholders as to why.

33 employees on LinkedIn. Company doesn't seem to be growing. EVRH (yes this has more funds / backing but) is up to 80 employees are growing steadily. Will this companies insistence of staying in Waterford be it's downfall? There is an office in London apparently but who is working there?

They have 2 BD people in the north and south by the looks of things. Surely recruiting developers and talent of this nature should be a focus in London. Only recruiting in Waterford will seriously hold back on their abilities to recruit top developer talent imo.

I think Sandra Whealen has a background in awards, listing this as one of her previous employers - Panel Member at IBYE - Irelands Best Young Entrepreneur2017 – 2017

I wouldn't imagine a table / flights / hotels at those awards in Dubai came cheap for the 10 or so employees.

But where is the PSVR release? Approaching 4m headsets in circulation, dwarfs the other 3 put together.

Really weird Spanners. I received the exact same email but offering a different amount of shares. Hmmmmmm another former employee but with different amount of shares. The nerve of this bloke

Haven’t listened to this Ghetts bloke but he is tweeting about it to his fans, so he gets a thumbs up from me.

They are ‘music people’ as said by SH. They are going to have a much better grasp than us!! And thank Christ they do. Left to some of this board we’d have iron maiden followed up by Dolly Parton.......on second thoughts sack the board put us in charge!!!

Sigrid is very good though imo. Original.

Congrats on the award win VR Education.

Not wishing to be negative but my experience of awards are that you pay for a table (usually over the odds) and then you’re on the shortlist. They do seem to like going up for these awards. Nice to get recognition but it would be nice to hear some progress on new hires, company growth etc. Seems to be lots of these award do’s. Maybe I’m being harsh. I don’t know who / what they were up against and how prestigious these awards were.

*now

Optimist - Fastbase were planning to IPO in August last year. They have continually delayed things. I have switched off from following it last couple of months but it looks like the same old tricks, keep moving the deadline back and welcoming new investors to come in.

By association, this is bad for GUN. Are GUN even still working with Fastbase. Last year, posters were asking why the discussion on Fastbase because it is nothing to do with GUN? No it is their shining hope for this share. What a sorry position to be in.

Anybody watching this waiting for revenues before investing will be about 18 months too late to the party imo

Indeed max. I’m confident it will all be fine and patience will be richly rewarded. Plenty of people I’m sure said online shopping will never catch on, meanwhile investors with the vision who backed Boohoo and ASOS now drowning in money.

No investor is backing this company because of revenues to date. They are investing because they see the future trend and the importance of the deals made + relationships being built with the big boys of music and VR.

EVRH - Only investors with any foresight and vision need apply

'5G will be a game changer for VR / AR.'

Coming soon....

“HTC is proud to bring to market the world’s first 5G mobile smart hub,” said Cher Wang, Chairwoman and CEO of HTC in a statement. “5G will be the game-changer for VR and AR, and the new HTC 5G Hub will seamlessly deliver the great bandwidth of 5G to our devices, driving our vision of Vive Reality—a boundless, immersive environment where human experiences will come to the forefront.”

https://www.vrfocus.com/2019/02/htc-unveils-5g-mobile-smart-hub-that-could-stream-vr-content-to-a-vive-focus/

I think Melody have more sway than probably people realise. Yes Facebook is a giant, but MVR represents the Music Biz and are providing arguably THE content to target the mainstream with, holding the key to unlocking VR to the masses (bar a game as big a hit as Fortnite coming along). Facebook needs MVR just as much as MVR needs Facebook.

The partnership has moved on since this event, which I believe was back in May last year? I remember watching it on my Oculus Go (before the battery went), was a good experience. Not a massive techy but I felt like a genuine early adopter in what will be a mainstream medium.

To shine a positive on the lack of mentions at OC5, look how our relationship with them has moved on since then. Facebook have access to the data and usage of the MVR app. They made us front and centre of their Christmas ad campaign (which came 6-7 months later than OC5) and are now assisting with app development for the Quest.

They have seen the downloads and usage and are backing MVR.

Surely they see Melody as a key app. Hiring music related staff. Making MVR front and centre of Ad campaign. If they don’t buy us they might be planning to bypass us further down the line :/