RE: Undermanaged, not undervalued.16 Nov 2021 12:27
This is a common straw I see amateur AIM investors clutching, when one of their investments is on the slide. It starts with 'x, y, z new project will be the one that saves us'. We've seen that already here - the various commercial partnerships that went nowhere; live streaming; theatre; the mysterious Melody catalogue; NFTs; the delayed Napster app. One false dawn after another.
Then, once most of the value has been destroyed and you're trapped in a penny stock, it moves on to 'NASDAQ is how we'll hit it big', or 'maybe some other bigger, more successful company will buy us, for some inexplicable reason'. We're currently here, it seems. The 'triumph of hope over experience' stage.
Finally, once we're even deeper into penny stock status, with further death spiral finance beginning to bite, it'll be 'the Napster name has to be worth something at these knock-down prices', or 'surely we're a great candidate for an RTO now'.