Member Info for londondan

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.

"if you believe some people on this bb"

I don't.

Looks like you're correct Wayne. No surprises we didn't get a sniff, but still, FFS.

"Filmed across the Worthy Farm site at landmarks including the Pyramid Field and the Stone Circle, the livestream is being staged in partnership with Driift and BBC Studios Productions. Although no BBC broadcast partnership has been confirmed, Glastonbury has been a fixture of the schedules in recent years so it seems likely that performances will also be screened on TV at some point. "

https://www.musicweek.com/live/read/glastonbury-to-stage-livestream-featuring-coldplay-kano-haim-idles-and-more/082948

https://www.bbc.co.uk/mediacentre/latestnews/2017/bbc-music-six-year-partnership-glastonbury

Smart money is on the BBC...

My concern is that they do now have video capability built in to the app. Some of the podcasts they're paying big money for, the Joe Rogan Experience for example, also have video as standard. It wouldn't be a massive leap for them to move in to concerts and compromise another first mover advantage we theoretically have.

'Upcoming virtual events picked for you... find more streaming events on Spotify Concerts'.

Oh. Excellent.

Not particularly I'm afraid. How the CEO is still in a job is beyond me. It doesn't say much for the rest of the Board either. He's marking his own homework at the moment and awarding himself an 'A', despite all evidence to the contrary.

"They HAVE TO look into this"

Maybe at some point, but definitely not now. Given Melody's record of chasing a whizzy new technology and then completely failing to monetise it, I can't think of a worse thing for them to be spending time on right now. This year I just want to see an app that works, delivered on time and on budget, which combines the Napster and Melody offerings in to a coherent platform, backed by a strong marketing campaign.

Once they've delivered the app on time/on budget, without diluting us all in to irrelevance, we're generating sustainable revenue and the share price has re-rated, then look at whatever the next flavour of the month buzzwords are going to be. If that's still 'NFTs' and 'blockchain' in 18 months' time then fine. For now, let's stay the hell away from any more dream chasing and get some fundamentals in place.