Member Info for lofas

cheers.

MrH, that is indeed excellent news if AM is not calling the shots. 2022 is around the corner...what are the predications/expectations beyond the release of the new app. As always, appreciate your feedback.

Hi MrH,
endless possibilities. But cash is limited, bad finance decisions and and light weigh CEO. It may be too late by the time FB,MV,MZ adds NAPS to his portfolio. ATVB mate.

so what did we learn from latest chats?
1. number of shares in circulation ballooned during last 2 years...almost by factor of 2
2. SP dropped 90% from the level it was prior to the reverse take over 5p-6p
3. that CEOs are indeed the biggest risk to the entity they try to manage/run
AIMO & GLTLTH

killer app or killer CEO. either way doomsday is approaching.

@1.75p it is around £52m…that tells us that we have around 3B ord shares. I thought we are in the music business and in the printing business. We managed to reach again the 70m USD, the price NAPSTER was before the reverse take over. Long way to the top if you want to rock’nroll.

It will be another disappointment, what else do you expect from AM.

MrH, you expect a change of ownership, that is interesting, who may be the new owner? One of the distinguish shareholders? What realistically we can achieve ? NAPS is still calling over $100m per year. Okay not much left after expenses. Cheers.

NAPS price tag before acquisition was around $70m. Assuming EVR at zero value the SP should have been at least 2p. That is based on 2.5b shares. Dropping below 2p doesn’t make sense…well, AM impact is so negative I will not be surprised seeing SP dropping below 1p. Distinguished list of investors should kick out the AM and not wait for PM before doing that.
MrH, how do you view the way forward.

You figured that just today? AM is driving this company to the ground and take huge salary for himself for doing that. There are some folks the mainly the the duck man who are keeping telling stories and marking them IMO. There are other folks who keep their hope on the new app and some signs go B2B deals....you know what you can do with all of that.

How modest chat from the man with the ducks.

Mr ducky continues the journey to below 1p. All in my opinion and poor luck to LTH.

I remember how Nikki was admired by the duck merchant. Spotify Top marketing executive. Now she is out. It’s to do with the way the AM is driving this company to the ground. As always it’s his way or no way. BTY another RNS full to the rim with crap. All IMO and unfortunately no good luck to LTH.

KL, read enough from folks that had the pleasure.
What you are trying to say KL, IN your opinion , AM is fit for the job of running the show?

No surprise as AM policy my way or no way forces everyone out.

Sell us the same garbage every day twice a day. AM and others are consistent in doing the same for number of years in the hope to see a different outcome. Well money talks and BS walks and SP is being smashed to pieces. Will the killing APP do us proud....hope it will. IMO and GLA.

We have to maintain our patience, nothing fundamentally has changed since the Admission docs. Really....50% drop in SP, a direct result of the last finance deal that directly destroyed shareholder value is nothing that should concern us. As usual some folks on the thread are very good in providing their biased IMO.

Music week’ broadcasted the interview with AM followed by a conversation with Emmy Lovell our new lady, the PR campaign manager. That was great and had a massive impact. Don’t want to be too biased or blow hot air but IMO some individuals on the thread do need to dilute the medicine they on. All IMO and GLA.

Mel,
You are correct it was not advice it is IMO.
However in my reply I wrote “ If you followed Mel’ IMO advice” I referred directly to your IMO comments. To remind you I’m also entitled to my IMO comments.
Having said all of that and to avoid any doubt I have asked for my today’s post to be removed from the chat.

Mel, you like me know that from every direction the CLN deal stinks and its implementation points to the untenable conclusions, the company is at a high risk and therefore it is no longer possible to raise cheap financing as they were raised from Grant , Lance and JG. Another point is a blatant managerial irresponsibility, together with intensify dilution rate which resulted in a 50% dilution in the SP. Yes we have $100m gross income, however this is not enough for expenses and salaries. The CLN deal points to something else, going forward subsequent fund raise will be even more painful in comparison to the last one. Soon we will reach 3billion shares and there is no more room for mistakes and burning cash for without tangible results. Unlikely will will drop below 2p which at 3billion shares will yield a figure around $100m, similar to the NextVR price tag. Claiming up from the current level will require tangible deliveries. AM childishly presentations will do nothing. Best for our ducks is to have a serious shakeup at the realm. That will give up a glimmer of hope to have a positive return somewhere in the distant future.