The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
That sounds like a public sector recruitment process, where I can understand the need for transparency. Agree with Max, it sounds like this needs a decent headhunter to make sure that the right people get a tap on the shoulder. The best talent aren't browsing online job ads.
Lol, another wild, baseless KoK ramp. Love it. Based on the success of your predictions to date, we'll be at 1.5p by Friday.
Rikki, consider the following - a train needs a driver, so this music streaming service is bound to be a great success, 67 times, veni vidi vici, I think you have to agree.
I'm a bit worried by mel's absence as well to be fair. He was planning on YOLOing his entire annual ISA allowance in to this at the beginning of the week. He's already sitting on a chunky loss if he did.
"Do they intend to prime Napster up for something?"
This just seems like wishful thinking and straw clutching to be honest. Where is the 'priming' going to come from exactly? Napster just sold for tuppence ha'penny a few months ago and the market clearly values the MelodyVR product at virtually zero. Where's the 'value add' coming from? Sp performance since relisting suggests that the market's view is 'nowhere'.
"I can't see this moving massively until the September half year results."
I disagree Keith. It's moving consistently at the moment. 'Down' is a direction. If you gave me £50k tomorrow, I wouldn't put a single penny of it in to this company. Not while the current lot are in charge.
In all seriousness though, I think this is probably a good appraisal of the current situation Henry. Makes for grim reading of course, but seems realistic nonetheless. This stuff isn't known colloquially as 'death spiral financing' for nothing.
Agreed Themis. No evidence at all to suggest that they're investing longer term.
If it's the CEO's resignation they announce then they might actually create some positive movement in the share price.
Yes, it's a really tasty deal for Nice & Green. Not so much for everyone else holding this pos.
Lordfont, I hope beyond hope that you're right. That is probably the biggest thing that could happen here, before the launch of the app.
All good points. Surely it can't all have been smaller investors dumping their holdings. The patterns suggested a much more deliberate selling down of a large interest.
I should do the same really. As you say, he has nothing of value to contribute.
Well, the AD promised us a big Napster marketing campaign kicking off from May, so perhaps we won't have too long to wait for some action.
"will agree with mediocre share price but not so sure this has been priced in considering we need to see half year accounts in a couple of months time"
Yes, I see what you were getting at. Apologies, I shouldn't automatically tar you with the same brush as the other dope still yapping away mindlessly in this thread.
To be honest I'm not particularly looking forward to the half year accounts, unless the Sonos deal is delivering some serious numbers. If they show continued revenue decline (and continued cash burn) then there's not going to be much to shout about. Ideally, there'd be some whizzy new 'commercial partnership' or something similar announced before then, and it'll boost the price enough to get out.
Sigh, as ever you miss the point. He isn't sharing anything new (because there isn't anything new). This is news from early 2020. It's already long since been 'priced in' to our staggeringly mediocre share price.
"why keep attacking positive facts if you want the share price to increase ??"
Hang on, what was the 'positive fact' exactly? You're just naming other companies' products and saying 'wouldn't it be great if they used Napster?' I get that blind speculation and dream chasing is the best we've got now, in lieu of the company actually doing anything worthwhile, but still...
Brave of you to pour all of your pocket money in to one share tbh, but I guess that's the kind of maverick you are.
Put your tinfoil away, it's showing as a buy now -
10:18:06 - 83 shares for £1.96.
"Don't take advice from anyone on the board"
If you only ever take one piece of advice from this board, let it be this one!!
In all seriousness though, we're all in that boat in some form or another. I only need this to get back to 3p now, so I'm comfortable holding for the time being. AIM penny shares have a habit of suddenly catching fire on even small bits of news, so I'm not keen to sell at the all time low point. It's frustrating having this thing being the one persistent underperformer in my portfolio every day, but that in itself isn't enough justification for me to sell yet.
I must admit I'm envious of Driift's backers. It must be nice to be involved with an innovative company that actually knows what it's doing in this market and has capitalised on the opportunity presented, instead of looking on helplessly as a team of rank amateurs destroy more and more of your investment's value with each passing week. Spare a thought for John Gore I guess; at least I'm not millions in the hole on this shambles.