Member Info for londondan

"We are all aware of the points raised time and time again; it gets boring reading the same nonsense from the same people"

I agree with this, but I suspect we have different people in mind...

"Hope you get the entry price you so desperately crave"

At this rate you'd only need to wait another 6 - 12 months and you'd be able to buy the whole company for less than the value of the last bonus the CEO awarded himself.

Got anymore links from the 'Broadway League' you'd like to share with us? You've gone awfully quiet on that front lately. Can't imagine why...

"This board is about Napster BTW. A company which you are totally clueless about."

Rather rich coming from someone who has been consistently and repeatedly wrong about this company since day one. I can't be bothered to trawl through your various proclamations about Melody/Napster and its prospects in theatre for instance, but I'd advise others to do so if they'd like to see what clueless really looks like.

Oh dear. So at 5.5p, they fell rather short of the £1 - £2 that he was ranting about. Thanks - as I say, a useful guide as to whether or not we should be listening to those who claim to know what they're talking about here.

I'm not familiar with the Sirius Minerals story Offler. Did Christopher's 2019 prediction of "This will be a £1 -£2 share within 2-3 years. Mark my words" come to fruition? I think it's helpful to understand whether his bold proclamations are likely to be worth listening to here...

"I fear the security of the telegram group is skewing investors' impression of the current state of affairs?"

Echo chambers tend to have that effect.

Good to see you back here MrH. I've missed your particular brand of baseless speculation and unjustified optimism...

"A troll might invent something but they don't want it to succeed anyway"

This is a very flimsy and transparent way of trying to preempt any criticism of your blind optimism. The big question, which remains unanswered, is what will this app offer that isn't already provided elsewhere in the market?

Everyone here is praying that the now-delayed app will magically turn Napster's fortunes around. The reality is that unless they have something material to tempt people away from Spotify, Apple, Amazon, Tidal, Deezer et al, they'll continue to be a bit player in an already crowded market. Bolting Melody's outdated and unsuccessful catalogue on to a generic music streaming service isn't going to cut it.

There's a reason the share price is in the toilet. The market has clocked that there could well be another fundraise, and thus further death spiral dilution, before this gets any better.

"And this will have to include any curves the CMA might throw at it."

More baseless speculation, as is your stock in trade.

There's no schadenfreude here Italian. Although I admire your optimism in assuming that the company's ongoing silence is due to a 'social media embargo' and not just due to the rank incompetence that has defined this management team over the last few years. The triumph of hope over experience, I fear.

Offler, I wouldn't waste your time with Albert. He's wrong all the time, but bless him he keeps plugging away regardless.

The NME article you mentioned does refer to 'Live Here Now' hosting the stream, as indeed does their own website - https://liveherenow.co.uk/

Of course, it's less relevant because Napster/Melody doesn't really do live concerts anymore. Nor did it ever manage to get into theatre. It's now just a third tier music streaming service with a delayed app and a rapidly dwindling cash pile.

Good post Rumfuddle. Timely as well, as this dog continues its inexorable slide towards failure. Mind you, there aren't many true believers left on here now. Hardly surprising.

"People buzzing about a US listing need to give their heads a wobble."

It's just the latest straw for them to clutch at, now that theatre is DOA, the app is delayed and the company can't be bothered to host any more concerts.

"my spider senses are tingling with the new NAPS app."

Same. It was a red flag as soon as they essentially said 'we're not going to do anything until the new app is ready in Q4'. No new concerts, no meaningful marketing, the old Melody library becoming more irrelevant by the day. Now they've missed the target for the new app launch, the share price is in the toilet and I can already smell another death spiral fundraise on the horizon if/when the already vague launch date slips again.

I'm increasingly of the view that this isn't going to go well at all. Time to start thinking about cutting my losses.

"A snazzy new app isn’t going to do anything, They need to get rid of matchett"

Agreed. He's a busted flush at this point. Time to go. He'll cling on for dear life though, because there isn't a company in the world that will give him a deal as sweet as the one he has here.

So even by Mel's rather charitable interpretation, that's Spring of next year before anything else meaningful happens here. Another six months. Sub-1p by then, surely. The next fundraise will be brutal.

Well you see we have a new app that... oh, hang on. Nevermind.

burningbeard - It's a fairly lazy trope of these bulletin boards that anyone with a critical view is told 'just sell all your shares then!!', as though that is the end to the debate. I'll humour it though, as you seem to be asking in good faith at least.

My view is that the company theoretically has a lot of potential, insofar as it should be worth more than its current market cap of about £8.50. The main problems are that it is being horribly mismanaged by a CEO who is clearly out of his depth and that the business repeatedly fails to deliver on all the big talk and promises that are made. Having apparently been through my post history, you'll have seen that I predicted that they'd fail to deliver the app on time many, many months ago. I was correct.

It is amazing to me that he hasn't been quietly shuffled into some NED non-job already, with the reins then handed over to a proper CEO, with tangible experience of running a global business. Each of the major deadlines that were laid out in the Admission Document are being missed in sequence, yet you still get the clapping seals on here saying 'It'll all come good soon'. The triumph of hope over experience. As it stands, they'll be saying that right up to the point that their shares are worth £0.00.

There are always going to be some people here who gloss over disappointment after disappointment after disappointment, because they're in too deep to do anything else. My guess is that 'early 2022' will quickly become 'Q2 2022' or 'mid-2022' for the app and they'll be back out in the market for more death spiral finance. Anyone who has followed this company since the EVRH days knows that the management team is fundamentally incapable of delivering anything on time or on budget.