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or think it's a doddle to make money on AIM, when almost all the shares are in companies that are pretty much unheard of by the public. They hear about shares that can do 200% in a day and think 'I'll have me some of that' without wondering how come, if it's that easy, everyone in the world isn't making 200% in all their shares!
LSE is almost all rubbish self-serving ramping or self assurance. It's too easy to imagine that believing all of it is the 'research' in 'dyor'. Outside of FTSE, almost every share in AIM sucks money out of pi's, even the ones that might rocket for one week out of 52. AIM just isn't for long term holding. If you hold for a month that's almost long enough. Longer than that and you'll be in the red.
IF ever a share made that point, then EVRH/MVR/NAPS is the one, two, three makes it.
If you don't have a background in finance or don't have a float of disposable cash, then stay clear. Invest in the FTSE... it's volatile enough and you will rarely see 50% wiped from a holding in 5minutes.
There are vampires on these boards who will tell you any ol' bs thinking it somehow works in their favour. And the sad thing is there are folk on these boards who don't know the first thing about investing, either tactics or real research. And even if you think you 'do' research, AIM companies are so fringe there's not so much to hold onto: they're start ups, explorers, new launches. Mostly, the money is made from mugs who get in late and hold on too long. You're the bread and butter of more savvy/seasoned traders.
When you have a poster saying that this garbage company will give Spotify a run for its money and others who believe it they might as well just buy lottery tickets or give it to a nigerian internet prince.
With the best of intentions, you don't belong on lse or AIM and probably not self-selection. Either find a FTSE350 that pays great dividends or just invest in a cheap FTSE tracker and spend your time on things like family or squash or... something else. But not investing and certainly not AIM. There's a reason they say investors lose money on 72% of all shares ever listed on AIM... it's because etc. etc.
Please don't throw good money after bad. and if you do, don't do it on NAPS.
The only surprise is you still tooting Matchett's horn. Even if this was telegraphed (which it wasn't. That was the point of the formal AD document about the relaunch of Napster, not the delisting... many companies dual list. The only recent example is #TILS and you just have to look at how their move/delisting affected both the sp and the UK holders) you only have to judge the 'telegrpahed' plan by the effect on the sp. There's zero case to be made for corporate conduct that crashes the sp from 4.35 down to 0.4 in a little over a year. If the US was the formal plan then they should have suspended there and then but they didn't. Tells me either they're incompetent or just milking pi's for easy cash to fund tech development for this 'other' project. That sounds scandalous.
I don't often gloat at other folks' misfortune, but I'll make an exception in Gordon Gekkonis's case!
Having read that you invested in AST tells me everything I need to know about your investment opinions.
It's almost a green light for a bounce back to 18p all on its own...
7% spread just sabotages the rise as every sell makes it look like the sp is due another dip. if I didn't know any better, i'd reckon they're picking up cheap shares for someone... it'll only tighten once they've filled the order.
I suspect if Ecotricity made another slightly improved offer it'd get over the line. Divesting from green energy with knowlable numbers is a million miles away from this punted Zapmap move...
I'm sorry if you think I'm working for the co, somehow. Personally, if I had £3k still, I'd be selling, but then I trade and have a watchlist of more than a dozen shares that I repeatedly buy/sell by watching the trading. But I would rather have control over my losses, rather than trusting the effers who have caused so much pain already. Sounds a bit like abuse when you rely on the folk who'd harmed you to somehow redress the damage?
But I get where you're coming from.
In which case, just look after you and yours and, while there's pain in the losses so far, put it to one side and get ready for christmas.
but i'd suggest other holders filter them too. starving them of oxygen helps.
No idea why TW and his henchmen are trying so hard with this one, other than it's become personal that the sp refuses to crash the way they want it too (probably because they have a buy in price and they like the idea of flexing their muscles... all a bit He-Man).
See you all back at mid 18s.
You've no idea what the company will even be, never mind timescale nor just how much further investment will be required. that plus you've no idea just what platform it'll be listed on... or even if it is!
Only an effin' idiot would trust this lot with any words they post, considering they've lied about the future for a year, with even a formal document pages and pages big that outlines exactly what they HAVEN't done!
I wouldn't trust any of them, but especially Matchett and Stephenson as far as I could throw them... but i'd be happy to see just how far that might be.
If you want to invest then go ahead, but stop preying on folk that are already in pain by trying to leverage them for a petty 10%.
Yes, the rns about N+G clns at 1p is confusing as I don't see why they're overpaying for shares they should be getting at 0.275 also?
If that is true value then it's unexplainable. BUT, if folk have already lost almost everything, I suppose it's almost worth holding (personally, if the sp rises today i'd still get out because there's too much bs being thrown about by the company and, if there's any money now to be made there, it'll be by riding on the coat tails of incompetent or well dodgy invesotrs that have been opaque in their operations.
But gl if you feel 1p is the way to go. Fingers are crossed.
Because the app wouldn't do anything? Because they didn't spend the money on the app? Because they're being proactive about it delisting as opposed to going bust?
They are planning to be a cash shell. That implies they can't see how to make money from the music streaming OR the concerts and library. They would rather sell them for what they can get and start again in the US with some other project, using the sale price as the restart.
Aren't they admitting that they just didn't know how to move this forward? They basically bought Napster and left it to run itself for a year and then gave up. Sounds like they just used the time to work on some tech stuff that they might ultimately use elsewhere, under the guise of working on #NAPS? You'll never know... but it does make you wonder why they placed for development on a share they possibly intended to to end?
As it's going private on the delisting I suspect you'll end up being issued with with a paper certificate that will sit in a drawer and, ultimately be worth nothing. The company is being sold and, with the assets in the state they're in the sale will possibly be less. Then it could be a year or two for you to find out what its value would be to you. But would you trust these people to give you a fair shake of the stick, considering the treatment you've had to date?
There's a chance the sp will rise a tad based on idiots thinking this is an opportunity so, if you get better than 0.4, if i were in that situation i'd just sell and hope i invested better over the next couple of years. At least then the power is in your hands.
the anomaly is that they're consolidating 740:1 but valuing the shares at 1p. Technically, that means the shares are undervalued but it won't be reflected in that way until delisting, at which point it's meaningless. Then it depends on what the market wants to pay for those stale, stale assets.
There was a reason Real Networks sold Napster to MVR, It was because noone else wanted them. The 'v' in MVR never was anything of the sort. Always amazed the press never said anything. What I am bemused by is what N+G are thinking? As I understood it, they can convert at approx 10% under low price so... 0.27p? That would give them trashe everyone's holding as they'd probably end up with over 30%. But how would that help them. Also, I start to wonder how much of the raised fund was actually spent? Makes one wonder if there really were 65 developers working on a busted flush?
He was a cuck of the first order! Arrogant little big man acting up behind Akers and McNulty. While I'm surprised at those two, I imagine they'll be trying to get in on the ground floor/ramp the cash shell, if it ever gets off the ground.
But the fact that it'll become a cash shell means it won't be music streaming and so Matchett won't be ceo, which pleases me. The only shame of it is, even at 0.3, he'll still have enough in the bank that he won't have to find work as a rubbish sound engineer again. Maybe he'll start a 360degree wedding photography company.
Why do you think you get major discounts on placings that always pish off pi's? That's not a statement of value of the company but the discount the money wants. Do you seriously think co's stump up $3million with the expectation that the sp will fall, reducing the value of their investment? Even if it did, do you really think they expect it to be at 14p for longer than a metaphorical 5 minutes? Only way that might happen is if they all sold their shares immediately and actually caused the drop which isn't what happened.
More and more, the markets are undermining shares on any excuse: DX., ECR, IKA, CHLL, ENET, PFC all got smashed on news that was/is easily fixed. Some are still suffering (but will bounce back), some make money on the bounce that happens a couple of days or weeks later.
I have no problem with bashers trotting out their 'numbers' but anyone who's a fan of TW automatically gets ignored as crooked. Sadly, so many amateurs in AIM nowadays they have no idea of potential beyond reading what other posters post in the last 30mins. I sold at 22 but obviously content to be buying back at 14 and 13. And I'll be happy to sell them back at todays open price, 18.5, possibly tomorrow, possibly in December. Definitely in Jan.
I would say it touched bottom when it sneaked under
Not a lot you can do about it in the current circumstances. But I daresay there'll come a day Maybe tomorrow but probably a little later) when the share will revert rerate back up and everyone, including the trolls will rush to get in.
There is a reason folk like to bash a share. They like the option og buying in, low. Otherwise they;s be getting it one with a share they actuallly like...