Member Info for londondan

Yes I'm in for a nibble as well. Total punt money of course.

I wanted sub-12p and managed to get it, just. But to be honest that's immaterial in the grand scheme of things. This will either re-rate to many times its current price, or it'll likely wipe out completely, depending on news in the coming months. Should be an exciting one to watch! Seems like a low-aggro board unlike some on here as well, so the very best of luck to all invested.

"Is this been done to provide Misinformation or market manipulation?"

In short, no. It isn't.

'Anyone who disagrees with my wild speculation must be being paid to do so. It's the only possible explanation.'

Weapons-grade delusion.

"Out of interest, I wonder how many people on this discussion board have stopped using their own musical streaming service (Spotify, Apple etc) and have signed up to Napster."

No, not a chance. Spotify for me. Once the new service launches (in theory later this year) then I'll definitely take a look and weigh it up against Spotify's offering.

Your other points are all valid. They have, as you say, squandered all of the opportunities presented by lockdown. Some of our more enthusiastic posters here claim that there were no such opportunities, which I'm sure the backers of Driift would disagree with. (Launched during lockdown, already generating more revenue in year one than Melody ever did in its entire existence.) That view also ignores the 30+ livestreams that LiveNation/Veeps have scheduled this weekend. Everything from live concerts to documentaries and 'a live conversation with Alicia Keys' etc. etc. There was a big opportunity there - others have capitalised on it, but we haven't.

Just today we've had a 13 year old article being posted here, which gives you an indication as to what we're working with. In short, this new app needs to knock it out of the park, because right now we're behind and we're losing ground by the day.

"Can someone tell me how I can get paid for writing negative posts. Rikki must be getting a fortune."

It's not all it's cracked up to be HG. You're paid in Napster shares, which are essentially magic beans. The role also exists entirely within MrH's vivid imagination, so you have the added downside of your job being completely fictitious.

It's a fair point Pud. No reference to Gore's organisation at all in the presentation, even as a partner organisation. Interesting.

Ouch indeed. Looks like we've been dumped...

Can definitely see why many would say that Rum. My average is 3.1p now - looking at the risk/reward, I'm still confident that we're worth more than that, so it's likely to be s**t or bust in Q4 when the app launches. If I had a much higher average, or had chased this down from 18p for instance, I think I'd be sweating it much more.

Good presentation and there's plenty to be optimistic about in theory.... except, the market clearly doesn't buy it. We've heard all the jam tomorrow and 'this one is the game changer' stuff from these guys before and look where we are. The message from the market couldn't be clearer - prove it.

It all rests on this app. If it launches as planned and does what they claim it'll do, we'll be flying high. If it's massively delayed, or doesn't match the hype then we're in big trouble.

Yes, it's clear that Veeps and LN are eating our lunch now. Any first mover advantage we may once have had in streaming concerts is now well and truly gone.

The improved and more transparent investor comms are undoubtedly a good thing, so big credit where it's due to them for that. Hopefully that'll become the norm now and comms will cease to be an issue.

Let's see how the market responds. It's clear that they're still burning through cash at a silly rate, which is my main concern.

Now that RNS will be one worth breaking out the champagne over. We're long overdue a change of CEO now; definitely before the new app launch.

Yep, solid hire by the looks of it. Links to Warner alone will be worth their weight in gold. Saves us searching for 20yr old links to NTL...

They need to update the market with stuff like this. It's just basic common sense to capitalise on good hires like this when there's no other news flow coming through. We're supposed to have better IR now FFS.

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.