Member Info for londondan

Really interesting GS, thanks.

Thanks Max. Interesting to see how the company is describing itself in these things, more than anything else. Gives us a glimpse of where they're positioning themselves.

Also, it never fails to amaze me how little American businesses have to give their employees in terms of benefits and holidays etc. So different to the UK/Europe.

"are you again trying to compare naps to Spotify!"

a) I haven't ever compared Napster to Spotify, b) there is more than one music streaming service. As for 'respecting others' opinions', why would I respect the opinion of someone who repeatedly sets up new accounts to cry on here because he's lost money in a share? Grow up.

Much as it pains me to say it, I too have now bought some more of these. My average is down to just over 3p, which is much healthier than it was at least. I'm confident they're worth more in the medium-to-long term, provided some fundamental issues are addressed.

The business is undervalued compared to its peers in the streaming space, but is being held back by a consistently underperforming CEO/senior management team and that woeful fundraise. It's still the outlier in my portfolio (not in a good way), so I'm happy to let it ride until we get a set of Napster results. Let's hope I'm deciding whether to take profits, rather than writing it off as a lost cause.

Thanks bonker99 - some interesting analysis. There are worthwhile posts here once in a while, amid all of the drivel.

Today we passed the point at which I had intended to average down, but I just can't bring myself to do it yet, when we're shaving 5% - 6% off the sp each day at the minute. Your point about the new ISA year is valid, but I wonder how many people are looking at this right now and thinking 'I can't wait for April 1st, when I can sink a load more money in to it'. Although on second thoughts, perhaps April 1st is precisely the right day to be investing in this company...

I think if we get to 2.2 / 2.3 ish before the end of the month, I'll have another nibble. Mind you at the current rate, we might get there tomorrow.

"I Don't know what's going on with the company but they seem to be blind, deaf and totally silent"

This is the crux of it for me TBB. It's bad management, plain and simple. Our Board is extremely inexperienced and it shows. It's one unforced error after another and the share price demonstrates that investors just don't have confidence in these guys to deliver the goods. If I saw an experienced, credible Board with diverse, complimentary skills taking over Napster, I'd be hoovering up shares at this level. I'm just really struggling to justify putting more of my hard-earned in to backing the current lot.

Credit where it's due to you for sticking your head above the parapet and giving an honest view. I'm not going to be averaging down yet, because I think with more CLNs in the pipeline and no sign of any meaningful news in the near future, this has probably got even further to fall before it gets better. Wouldn't be at all surprised if I'm able to average down at 2p before May.

"For the last time. AM hasn't been able to run streaming concerts profitably, BECAUSE THERE HASN'T BEEN ANY !"

For the last time, there has. LiveNation has over two dozen live streamed concerts scheduled this week; same as last week and the week before that. I don't know why you're struggling to get your head around this (well, besides the obvious). Melody's most successful show to date was filmed and broadcast in 2D during the pandemic, without a crowd. You're wrong, I'm afraid.

You are however correct about the messy fundraise. It's been a shambles.

Careful Albert. You don't want to go picking up yet another ban, because you're incapable of staying on topic. The next one is likely to be permanent, by all accounts...

Presumably it's taken from the last set of results and is therefore accurate as it stands. This bit caught my eye though, in their definition of a 'sucker stock'...

"Moreover, these stocks are often small and attract scant coverage from analysts. That means their poor quality and stretched valuations may not be obvious to gullible investors. It makes them particularly vulnerable to the kind of rumour and conjecture that is rife on internet bulletin boards."

Lol, when they're right, they're right...

I was planning on averaging down around 2.5p, but I'm now thinking there's a good chance it could get even lower in the coming weeks. All the cliches about 'catching a falling knife' spring to mind, but the sp has been in free fall this last week or two.

"LN can't work"

Completely, utterly, almost impressively wrong in your very first claim. Didn't bother reading the rest as a result.

I'm 'on board' whether I like it or not as, like everyone else, I'm sitting on a paper loss. My only internal debate is whether or not I average down. I think I probably will if the next CLN RNS walks the share price down a bit further.

"I can assure you all"

You'll forgive me if I don't believe a single word of your 'assurances', KoK, given your recent record when it comes to 'trust me' predictions. They aren't worth the air in to which they are uttered.

Still, the general behaviour and discussion has been much more constructive on the board since the Napster move (and since the mods dished out another ban or two), so let's not slip back in to the old ways eh? I'm very much of the opinion that Melody has completely wasted the opportunity presented by the pandemic, but to an extent the Napster acquisition has rendered that somewhat moot. It isn't the same business it was six months ago.

"either us LTH’s (topping up) are all wrong or maybe there is an update just around the corner!!"

Can we place bets on which of these turns out to be the case?

"am expecting second conversion notice tomorrow."

Same, Italian. All the signs are there. Good chance we'll see 2.5p before the weekend at this rate.

"How will this affect Nikki Lambert's position, I wonder. There seems to be some crossover."

Agree with this. Is she moving on, do we think? Most of the team is still under 'MelodyVR' on LinkedIn, so it's tricky to tell. Only a tiny handful have updated their company to 'MelodyVR/Napster' or just Napster.

Yes, as a Deliveroo customer I received an email the other day asking if I wanted to apply for any shares in the IPO. Only up to £1,000 though through PrimaryBid.

Stay calm, yes. But not necessarily 'run outside dripping wet, rolling in puddles while clutching a lightning rod'... :)

I'm actually increasingly of the view that I could be tempted to average down here. I do think that the CLNs will most likely drop the share price in to the mid-2s in the very near future and at that point, I might well throw a little more punt money at it. Some decent marketing for Napster and some robust IR could well get things moving in a more promising direction from May onwards.

Well they do say 'fortune favours the brave', mel...!

My sense is that people are waiting for a bit of proof of the team's ability to deliver, Keith. EVRH/MVR always had a ton of promise and potential, but never actually delivered much. Last year's numbers tell that story. If we start seeing some evidence that the incoming Napster marketing is tight and that the VR and music content is going to be well presented, in a top notch app, then there's no reason this shouldn't be way, way higher than it is. Consistently over-promising and under-delivering is what's killing us at the moment.