Admission Document9 Dec 2020 12:30
I've taken the time to read the admission document, and a few things stood out for me.
1. The new app, suggesting that not only will the Melody app go, so will the brand. I thought it would be an amalgamation of the two names. Napster it is.
2. The makeup and expansion of the senior management team, which can only help. Also the increase in headcount.
3. Locations of the offices: UK, Europe, US, and South America.
4. The income/revenue from Napster, without taking consideration the MVR element (which is *slightly* smaller at this time.
Obviously I was hoping for the share to come back anywhere between 10-20p. But that was based upon the deal being tied up and announced.
Perhaps the market saw it that way, and assumed that deal hadn't happened, or won't happen - who knows??
For me, it's only until you read the full document, you can see the rationale, and the upside of the merger.