Member Info for LowiePete

So, 35 or more shares per pound won't last long, will it? Sounds like having to really pick your moment to buy. However, at that sort of cost, it won't half bring the averages down! However, the current 26 per quid isn't bad anyway. Just need pay-day to happen first ;)

We already know what the solid reason is. It'll be the stranglehold of the major players that MVR are involved with. I'm not in the least bothered, as long as the cameras are rolling at every opportunity and building up their VR music library. It'll take a year or two yet to get somewhere near an archive upon which a return can be based, let alone make profits. This was always an LTH share in a market yet to come anywhere near self-sustaining, so I don't decry the involvement of such as FB with all that's entailed with it. Patience, patience, it'll come...

Acro, stretching to find money for yet another 50k shares in the space of 3 weeks, or less, to me is no small beer! I've achieved 30k of it! The point of my post was that the 3 weeks is no bad thing for those who might want to stretch or can more easily than myself. Regular "tickling" over three to four years has netted what to me is a substantial haul. So, I'm fully qualified to comment here!

There was never going to be any news releases until the contract with FB is fulfilled, so all this agitation is quite futile. Once that is complete, safely assuming it's for the Quest, I'm looking forward to hearing about what's been going on in tandem. To me, the FB contract is only jam, more importantly what's the quality of the bread & butter like? The info we need more than likely won't be in the year end results, but with a Quest release date now known, there is a clear deadline. I'm staying optimistic because if the software can match the expectations or exceed them, VR/AR will be a hugely exciting future arena.

In disbelief: "4p - you managed to buy @ 4p?"

You might have noticed I missed off the GBP sign. That kind of figure, in shares, is a perfectly feasible addition in 5k or 10k bites at the levels I can afford. I've been tickling this share since 2016, though I'm happy to have brought my average down from a ghastly 12.5p to well under 8p now. Might yet get a chance to lower it further.

The biggest drawback to having a catalogue is that you don't have enough of a range of artistes. My reckoning is that MVR are holding back on what's really available in theirs until they have released the FB app. I'm also hoping that they're quietly working on a more generic app that can be tweaked to suit other big players. If there is to be a bidding war among the major players, there has to be potential within MVR to justify their investment. Speaking of potential, you can let your imagination go wild, because I'm pretty sure that the leading talents are not constrained by the FB involvement, in that there'll be other strings to the MVR bow. I'm anticipating some announcements that'll silence all those so impatient for news. The Oculus Quest will only be stage 2, though that'll be a step-change in itself...

On a day when I half expected an RNS from this outfit, I learn that the outcome of the lauded F8 was the launch of the Oculus Quest not happening until 21 May. So, that's why we're still dogged by shorters and it means an extension of the circa 4p. Will it sink below? The MMs seem to be doing their best to keep it floating at that level. So, my only reaction is to extend my buying a bit further than intended.

If it means getting another 50k since my first buying goal was reached, then I can topslice those and leave the other to do its thing. I was told as a boy that Rockefeller claimed the best way to make money was to use money, preferably other people's. All these years later, I'm quite looking forward to achieving that ambition...

So the main guys sold a wad of shares @ 18p - only to fund the petty cash tin for 2 years. What's wrong with that? I'm pretty sure you'd not be pleased if they had to do a fund-raise, when most of the shareholders' funds have been leeched upon by shorters!

I'd say it was an inspired move, especially as a fair chunk of that will have gone into buying gear to create a permanent library resource that'll provide up-front funds in perpetuity for very little extra cost. I do wonder sometimes at how impatient people can be. If you have done your research, you'll know that all the fundamentals are in place, the company keeps good company with several funding sources of some magnitude. It'll be because of this that NDAs will be in place until these bigger players say: Go!

I'm a tad surprised that the SP is still hovering around the 4p, but I've done another little top-up because I'm pretty impressed with the potential. When it happens, the SP won't be hanging around its present value, that's for sure!

to oblivion or prestige?

Looks like the mid-threes doom-mongers didn't and won't get their way. Of course, they'll have their temporary field-day over financial results that everyone else knows will be an indicator of nothing. A buy price of 4p will still most likely melt into history. The old adage of no news being good news has applied well, despite others' frustrations. I'm now sitting back and gonna look forward to the show. GLA

The trading price for buyers rarely stays lower than 4p for any length of time, so whoever is manipulating in the background seems to have this resistance level in mind as a constant. For the length of time that this has been happening it seems sustainable, so I'm not sure when this big dip to mid-threes, that people are claiming, will happen. So, I've been regularly bringing my average down with frequent top-ups over this time. It's dropped from near on 13p to now well below 7p. So, even though I'm still under water, the percentages now don't seem quite so horrifying! Another 10k @ 4.035 bought today, I'm not haggling over £3.50 when trades are only a fiver...

I don't dispute their commentary on EVRH, though the SP has nothing to do with the company's performance over the past year. It isn't struggling, other than from shorters who simply seek to bleed companies dry to make their profits, even to the point of making it sound like it's a noble act. No-one has publicly seen the 2018 results yet, and there's no great expectations anyway, but I think the main director shareholders selling to raise funds for the petty cash tin was a shrewd move.

Surely, if you really want to insult someone, you'd describe their penile extensions in diminishing (withering?) terms?

The problem with ST's list is that all of them are "nil problemmo" - after all a software company generally works to standards agreed with or laid down by hardware companies which knocks out half of his arguments. Most of the others can be turned into exciting challenges, once the hardware distribution hits its own sweet-spot.

There are always risks with companies in this market and if you're that risk averse pay a manager to invest for you to stay well away! There are not many companies that can build a stock-in-trade that they can never run out of and where each and every sale, in perpetuity, increases profit margins! In my book, that kind of "spend" is a very worthwhile investment indeed.

The thing with FB is that their aim is only to connect people. It is why there will be avatars within the music that people virtually enjoy together.

Anyone can take a photograph of no matter what and instantly the copyright belongs to them. Put that picture on to a sharing site and the copyright issue gets blurred, but the responsibility for the image still belongs to the poster.That's how FB stays at arm's length even when photos glorifying horrific acts are seemingly allowed. No charge is made for viewing any pictures, whether harmful or not. The moment that FB or any of the companies hiding behind the "it isn't me, guv" clause charges, or is seen or deemed to be charging a single cent for the content on their pages, the game changes and it becomes costly in defence lawyers and compensation!

MVR will be keeping a tight control on material deemed as inappropriate, though close to the bone stuff might still get through. With all sorts of problems attached to music copyright, there won't be user-submitted clips distributed by MVR unless they pass all the rules. For the time being they have enough work on their hands with building their own high quality library as it is without branching out like that.

FB will let MVR, or successors, be the content providers and take their associated risks while they, FB, bring users as avatars to interact and be subliminally bombarded by their advertising. The FB funding is only to facilitate that scenario within MVR and it provides a %age advertising revenue to the hosts with no accounts handling.

The problem for FB is that the moment that they step out of their exemption, the World and its brother will pounce and the so-called punitive fines levied so far won't be comparable to the new ones. The fines for being proven to be culpable, for many alleged wrongs, won't be pocket-money! Their "it's not me, guv" tag line isn't to be played with, even for toys like VR...

I don't believe that FB are in the market to become content "providers", so they probably are not potential buyers. Something tells me that they would have done their buying before now. They're quite happy being facilitators because their "service" fits nicely into the tiny clause of US law that gives them their stay/get out of jail card. However, I'm also pretty convinced that once just one potential buyer shows their hand, there will be quite a bidding war, with Google, M$, Sony and several other big players wanting a look-in. Could there be an expansion of the Spotify universe even?

The only certain thing is that all the while that there is development work on hardware by others, MVR are quietly building their catalogue ready to offer a wider and wider selection of entertainment to paying punters. No matter whether it happens with the latest Oculus offerings, with plenty of music events to record in the meantime, the roots of the business are being really well nurtured. News or no news.

I don't mind the current low price as it enables the filling of boots with so much potential. At some point it will take off; it's getting more attractive by the day. There's much to be impatient about, but patience will bring its rewards, make no mistake!

Horse - no, we're part of the chicken's diet. Meanwhile we're growing plenty of grain for store in our growing catalogue. It isn't an instant production and probably needs honing toward perfection. Making money will happen only when there are sufficient numbers chickens willing to buy our feed. Producing special diets, like the more intimate gigs, will be the profit maker. All we have to do is be patient and stop playing Fox!

When the Go was released, I more or less took it for granted that the apps FB were promoting on it (remember the absence of MVR then?) were also being financially supported by FB. I did this without backing it up with any research. It looks like the Xmas advertising with MVR was tremendously successful, hence their wanting their own in-house browser and presumably paying handsomely for it..The big difference twixt the Go and the Quest is that promoting music as the immersive experience is going to hit chords that no other app can match! Going for the quality end of the spectrum will be where the real spenders are to be found, so exciting times in the months ahead.

The FB contribution won't appear until the 2019 figures next year and by then we'll all be rolling in it and not bothered a jot about how much they paid!

^^ stated with tongue very firmly in cheek ;)

I understand the word "may" as allowing. In other words nothing to be revealed about competitor software until the FB / Quest release is achieved. It is this which makes the Spring so potentially exciting as it may well reveal the possible bidding war contenders.

Well, my thoughts on the matter are that MVR are battling along to build their library, as without it there is nothing to market. It only has one festival season under its belt, so I reckon it will probably need both the 2019 and 2020 seasons before there is sufficient to justify marketing that aspect. FB are / have been pretty adamant that they are not content providers, and I'm not convinced that they'd be in a buyout bidding war. As long as their app can access the library, it won't matter to them who owns/hosts it.

The last RNS on the matter indicates that once FB have their app version, then MVR are free to market the upgrade to others, which could include any of the myriad content providers and record labels. The players in an MVR bidding war would probably include Amazon, M$, Google, Spotify, and various others. I'm not sure what licensing arrangements there would be to FB if Apple got involved, as they tend to swallow up all the rights going.

I've passed on the Oculus Go, but do intend to buy a Quest and I'm going nowhere with my shareholding. I've read a few despondent posts from those under water. I too am suffering a similar fate, though I have managed to bring my APS down to around 8p with regular top-ups. This is not a get rich quick share, at least not right now. However, there will come a time in the next few months where there could be a very welcome take-off. All the while, the company is slowly building its greatest asset, its VR music library, along with a steady stream of new users. Once it does take off, the rise will probably be quite sustained.

Patience is the key! The adage: no news = good news is very apt for EVRH - they know what they want and how to achieve it. While that goes on in the background, I'm going nowhere!

BritAwards to come first, in just over a fortnight...

well, it has been top-up time for a day or three now. It looks like the shorters are buying back in, in subtle lumps - strange that buys outstrip sells by 3:1 or more and there's no movement...