Member Info for Jimmy_Stocks

That would be great but Apple more focused on AR judging from Tim Cook interviews and their acquisitions. Hope I'm wrong but can't see that at this moment myself.

I own a recruitment company, I’m probably one of your customers! I don’t mean to sit with it in all night. I brought it so I could try the app myself. Personally it is not my thing to have anything wireless on my head for any length of time, but I know I’m in the minority there. I had a similar view to yourself with music and VR in that I wasn’t sure, but after trying the app it gave me confidence because the experience is so immersive. It is a different way for fans to consume music and is an addition to gigs and Spotify, not an attempt to replace these in any way imo. All 3 are music but all 3 fall into different categories imo and consumers buying each of the 3 will have different needs/wants from each.

Also for somebody to come along and knock Melody out of the market - there is a barrier to entry because Melody has the deals with the labels, who in turn control the artists. The labels also each have a financial interest in Melody. Similar to Spotify, they are incentivised by our success.

I agree fully with all that it is a LTH. I think with you being heavily invested Chilston, imo it is worth buying the Go and trying the app. Only £250 and as you say it is also great for ‘browsing’ ;)

Latest update from Fastbase July 27th stated that talks would be concluded 'mid - end of August'. Considering this IPO was supposed to go ahead months ago, they have missed their own deadline again and not communicated anything by way of update to investors. Why would you give a date that you may not be able to stick to?

Fastbase Investor Newsletter

July 27, 2018

we would like to inform you about the ongoing process as follows: Fastbase, Inc.
has been approached by a renown European investment bank and consultations are
carried out to discuss terms and conditions for a larger investment in Fastbase
Inc. to conclude before the end of August.

Further two English broker firms have showed strong interest in our market
proposal and approach. Preliminary talks with these firms have emphasized the
pertinence of our service in the marketplace. Consultations are taking place in
London and we are awaiting definite proposals regarding the listing on LSE
accordingly mid/end of August. Because we want to maximize our success as a public
company, we are working diligently with our financial advisors and expect to sign
agreements for both a greater investment as well as the final planning and
timeline for the listing on LSE. Through the investment Fastbase will increase the
impact of the global expansion and market appearance and endorse Fastbase Inc.
company valuation and set limelight on Fastbase Inc. as a public listed company.
Henrik Carstensen
Fastbase Inc.

Chilston you make some fair points but can I ask, have you tried the Melody app yourself? I have tried it on the Oculus Go and it is very immersive experience. Compared to listening on YouTube and Spotify, it is a different experience altogether and there is nothing like it on the market - my view is that VR adds something different to the experience. I wouldn't say I am a massive music fan either.

Fans of their favourite artists will love it even more. They are crazy and will break their neck to get closer to their favourite artist. It will be another way for music fans to consume music.

Deliver now? If you are going to deliberately try to bait people, at least try to disguise it a little. Might get more bites then ;)

None of the other hardware has been released though, so who else are they supposed to favour at this moment? The Oculus Go is the first attempt at a mainstream VR headset, others are due to follow and when they do I’m sure we’ll be available on these also. They are well and truly in bed with Sony so I’m sure Melody and PlayStation VR will naturally unfold in the coming months as live gigs and major artists roll out..

https://amp-theguardian-com.cdn.ampproject.org/c/s/amp.theguardian.com/film/2018/aug/30/spheres-1943-berlin-blitz-review-virtual-reality-venice-film-festival

Everything he said reflected my own reasons for not flinching 1% with the recent sp drop. Always nice to have it backed up by the chief. Bargain sp at the min.

Any evidence they filled the vacancies being advertised on free websites? They didn’t appoint anybody for the Account Manager 2-3 months ago.

Agree Max. Slowly slowly catchy monkey!

https://www.techradar.com/news/new-vr-experience-from-the-bbc-puts-you-in-the-cockpit-of-a-world-war-ii-bomber

You are correct at this point and hopefully there is nothing untoward with the IPO and it goes ahead. If there is something in the rumors however, to say zero financial cost is incorrect because it will be a cost to GUN reputation, whether you are in denial about that or not makes no difference to the reality.

We will find out soon anyway as Fastbase stated a conclusion would be mid - end of August in their last newsletter. Considering the previous delays and upset investors, you would not imagine they would give themselves a date they could not keep to again.

It is the decision making of the board to be associated in the first place. That will be the cost, if the IPO continues. How does that reflect do you think? You are looking at it very black and white by saying there is zero financial cost I'm afraid. What about cost to reputation?

http://musically.com/2017/04/13/things-we-learned-virtual-reality-miptv/

This bit stuck out to me, and why investors should have more patience with regard to current marketing spend / exposure given the current low but soon to be developing headset circulation. The 24 months funding at current burn rate was a key statement from the yearly figures RNS, and not the inconsequential £7k revenue that many seemed to focus on:

vTime’s Price was interesting on another point: the struggles for VR startups at a time when headset sales aren’t yet huge, and the market for content is still nascent. Yet developing VR content can be an expensive business.

“The biggest challenge our company – and the vast number of companies I know in virtual reality – is facing is survival until such time as any of us can actually make some money out of this!” he said.

“Any commercialisation that we do plan to do with vTime, the vast majority of it is reliant on reach and distribution, and a large user base… that’s not going to happen until 2019, 2020… the challenge is survival until then.”

He later returned to the theme. “The kind of companies who will survive are companies like all of ours that have already got something out there that is proven and working; people who keep their burn rate low, stay very very lean and agile,” said Price.

Maybe it's the negative affiliation with Fastbase IPO.

That is a good point BA. We would have no choice but to move on, but it would be like Chelsea selling Hazard or Spurs / Kane. You would be letting go of the prized jewel, so it better not be for bl00dy cheap! There may be another prized jewel that comes through the ranks though, I like your point.

I am as bullish as anybody on VR but I realise it is a high risk investment. If the growth goes as predicted by VR bulls, I want my reward for taking the risk!

I hope not. If they sell this early then it will probably massively undervalue the potential.

I have seen people say why would they sell on the cheap, but they may have already agreed to pre-sell the business months or years ago, based on hitting certain targets. I hope it is not the case and they fend off any takeover, because they are positioning themselves to dominate VR music with all these music label deals (added to that the venue deals).

I see where you're going BA. Yes that would be quite a coup to get a headset on old Buffet. It might disturb his 6 hour per day reading habit though!

I think a few have mentioned on here, but social media influencers would be a good starting point for us. I'm sure it's on the bod's marketing agenda, along with artists marketing their own VR gigs directly to their followers.

It will all come, no panic here. Nikki Lambert didn't leave Spotify for nothing :)

Nothing wrong with aiming high BA! Buffet doesn't touch tech though historically. If he did he would be considerably richer than what he is now, and the tech bubble would be even more inflated! Much of his cash has accumulated through compound interest over many moons.