Member Info for LowiePete

Stuck in the mud??

Not heard of a "hostile takeover" Max? Though I hope that there'll be a bidding war happen instead...

My feeling is that while a buyout is probable, and potentially welcome, all this talk of it is still way too soon to realise some of the fancy numbers being thrown into the mix. Until then, there's going to be this annoying continuation of SP manipulation which seems to suit the MMs just fine.

The Company Law website advises...
"The usual business of an AGM is to receive the annual accounts and directors' report and, in some companies to elect directors and/or auditors. Even if there is not going to be an AGM to discuss the accounts, they still have to be distributed to the shareholders."

However, from memory, the AGM notice made no mention of accounts and specifically stated there would be no "presentations", I assume of any other reports. Has anyone received a copy of the accounts? I haven't!

Seems like this AGM by any other name is something of a rubber-stamping exercise. However, it is also setting some precedents that make me a tad uncomfortable. I suppose that's the problem when the majority of the shareholdings are held within the BoD. Some people are getting wildly excited at what may emerge. I don't share that, but I'm happy to be put at ease by some answers to the points I've raised. We'll see...

No, 5G is only part of the equation. Read the first post under this title. MVR's library is nowhere big enough to support mass take-up - but it also needs mass take-up of the VR tech to make the real impact...

Exactly, there is software available, and indeed why not do it in VR? My fear is that this sets a precedent. An AGM can be a tedious and boring affair and we can all yawn at the prospect. However, it's the ONLY voice that minority investors like us have, so it needs advocates to ensure its protection. Hence my being uneasy.

Annual Report dates have rarely been adhered to by this company as it is. Without this vital content, how can we pose the relevant and pertinent questions that our investment says we're entitled to ask? We're out of time for this AGM!

I'm mystified by the posts asking about AGM invites. There are none! It's just a "virtual meeting" with no presentations by anybody and a rubber-stamping of a few motions. The latter all shareholders will have received information about with a voting form. What's more mystifying is that there's still no company report / statement of accounts!

At the "meeting" there's no live questions and a total frustration in what should be an interactive session. If we're not happy with the outcome, I imagine that an SGM can be called once a proper gathering can take place. I'd support such a move if there were grounds for it.

I'm uneasy about this, but I guess we'll have to put up with it, for now...

Well, at 40p I'll probably top-slice, then let the remainder go the way of other music streaming services, all as bunce as it surely and steadily climbs. A bidding war would be extremely exciting but MVR aren't near that point, even with a name change.

I'm in for the long haul because patience will be handsomely rewarded. I'm surprised that so many people haven't yet got the message that this isn't a company with knee-jerk reactions and short-term plans. They don't need to latch on to such tripe. Quality sells and the proof of that is JG's involvement. His VR theatre tickets are not going to be cheap and he'll ensure that every virtual viewer will have everything they bargained for, and then some. If he doesn't know how to attract an audience and drain them of some of their wealth, no-one does!

There has been plenty of manipulation of the SP, even in the months leading up to the 18p bubble, it was trading at 7 to 8p. So rising to that level ahead of, and post, the 2020 AGM is no great shakes. In the meantime I'm using my spare gambling beans to buy very cheap shares. I'm not far from doubling my original goal and I might yet achieve that! Try and talk me out of it with something more than cheap-shots at BoD members. Compared to many on AIM, this stock looks pretty sound to me...

That sea of red is all "buys" @ 4.84 - including my top-up...

T'would be a good blue day if buys were not shown as sells...

If that's an example of AI, it has some way to go! ;)

Whenever I come to read the messages on this board, what strikes me is the level of distrust in the BoD and the impatience of some who simply refuse to grasp a very well known marketing pitfall. Yet people are here discussing the company as if they are experts in the field and happy to publicly denigrate the performance of a chosen few on the BoD.

Questioning is one thing, but attempting to undermine is quite another, and a far more serious matter. Some posts just make your heart sink because they are designed to do nothing more than give nervous investors the jitters. It's easy enough to pick them out, but it's even more dishonest of the authors to then be claiming simple questioning when that is not their motive at all.

This company have managed to assemble some very serious players in the game of bringing a new technology to market, and making it a success. That assembly is no accident! So, what's the question, when there's a delay? Is a charge of them not knowing what they're doing valid? Personally, I don't think so. I'm very happy to trust their judgement. I don't think I'm alone, as I don't recall a row over salaries at any time. You only have to read some of blinding RNS announcements for a tiny company to know its management is pretty sound.

There is a very good reason for the delays. It's an acknowledged marketing trap within an emerging industry that is probably the most scary. It comes down to one prime factor, customer expectation. If you put your company out there by building a user expectation, then boy, oh boy, do you have to follow through! The biggest stumbling block is that new customers, especially those viewing on mobiles at first, will have an inbuilt expectation of what they can receive through 2D video and MP3 sound - in other words access to an almost bottomless pit of recordings, yet only a miniscule fraction of these also exist in 4K 360 VR.

MVR can only survive if they can manage the initial disappointment and carry users on toward their vision of the future. Yes, participants will probably be blown away by their new experience and could get to hanker for a better viewer. However, in a culture where everything has to be "right now" and they find there's nothing yet to satisfy their ongoing use of the tech, then news of their disappointment will travel faster than any good news, and stick. The potential VR tech upgrade sale will also fall through. It's a very delicate balancing act and again, for us investors, it comes down to trust.

I'm far happier to listen to (follow) the expertise being given to the BoD than I am to acknowledge impatient agitators on this board. I don't envy the BoD decision over when to press "Go!" - too soon could be disastrous!

Oh my word, Albert! You're in on an AIM share and asking those beginner questions? Competition is with anyone else creating new, enjoyable content in the VR business that can be viewed repeatedly. MVR's USP is creating a new immersive experience with music _and_ theatre at its heart which puts the viewer in control. No need for anyone to reverse-engineer either. EVRH created and published the standard.

If another entity joins the fray, they are in competition with MVR. However, MVR have stolen a march on any would-be competitor by having all the fundamentals for success in place and have 3 years of building a unique catalogue under their belt. While you can remaster sound and 2D images, neither can lead to the creation of VR - so, another USP.

It's competition that creates innovation, keeps people on their toes and leads to bigger and better things. What is there to be scared of if the business is built on solid foundations? It isn't necessarily the company with the biggest purse.

Actually, healthy competition is good - it keeps people / companies on their toes and drives innovation. Monopolies are bad news, they become lazy and can charge what they like for their stale blundering. Spotify are clearly being kept afloat by many music business interests. (Have they yet made a profit?) How long could / would Apple take the associated losses?

I'd see Apple taking on MVR as a competitor a much better option than being swallowed by them, especially for emerging artists and new music. Why not compete in more or less in the same way that they compete with Spotify? Music is more or less all about sound, so VR is very much an experience diversion from the 2D visuals of music videos. If Apple are entering the fray, I reckon that there are going to be some dragons keeping an eye on MVR, to keep that very competition alive. That's good news for us, the bidding war could be closer than anyone imagined...

Sony (the parent) seems very quiet of late. Would they stand by and watch while Apple become the monopoliser of VR music? Same could be said for Google, M$, and a whole raft of music distributors, including Spotify! How many weeks to the AGM? Time to raid every hidden money-box while the shares remain under 10p, methinks...

I turn my back for a couple of days and look what's happened? Another 20% SP gain, American hedge-fund involvement and action (hopefully) on the alleged libeller... I couldn't make it up ;)

So much excitement over a couple of US investors. Can I sound a note of caution? The two founders of this company have been out to create a quality end-product, based upon the (correct) adage that quality sells! However, hedge-funds are only out to make their killing (almost in every sense of the word) and their influence could really put a dent into company ambitions in the chasing of their extra dollar. They can sell just as quickly as buy and probably with less notice!

I guess with JG on board the existing BoD have a strong ally as he'll be looking to keep quality _and_ ticket prices as high as he can. While the US involvement is good as far as the investment goes, it shouldn't be forgotten that when it comes to money, there is not a race on Earth more ruthless! You only have to look at their billionaire President...

When it comes to takeovers - you can leave FB out of the equation. As I've said many times, they hide behind a clause in American Law that almost totally absolves them from liability just as long as they are not "publishers". MVR is clearly in the music / theatre publishing business. FB want data, hence their current promotions of the TV spy in the corner. Their involvement with MVR is / was all about collecting data, preferably from groups.

However, apart from Apple there are plenty of giants that could line up as suitors. Whether the business relies entirely upon live performances rather than its library, or both in combination, these players are quite likely to get MVR into the stratospheric value realms the founders have worked towards. I hope that it doesn't end up with Apple, unless they're forced to widen access to receivers outside of their own tech. MVR needs to be available across all VR platforms, as well as on Android (etc.?) devices when it comes to mobiles. Nevertheless, it's exciting times ahead, that's for sure!

...or have a sense f humour..?

Strange manipulations indeed! I was expecting maybe another 0.2p drop and looking to top-up - maybe tomorrow...

They aren't clueless, or deranged. They're the actions of cold manipulators who know exactly what they're doing. They need calling out because it's the cautious investor they want to scare. Some of the comments are as close to libellous as I've seen anywhere, so they aren't messing!

No, you need not say more, just DYOR - the BoD of this company won't agree with your short-term (I want it now!) approach. Is that not clear to you? They are quite correct not to do so!

Instead of shareholders attempting to 2nd guess the BoD individually and thinking they're being clever by doing it, the process should be shareholders working together to help the company achieve its aims. Clearly, it isn't going to happen through this BB as there are some very bewildering agendas being promoted here. Quite a few are not in our best interests and may be by non-holders of this stock! If we're invested, we're supporting already, so why allow anyone to undermine our investment by such posts?

If nobody listens to another, it's a waste of time for everyone. A strong dose of realism as well as patience is needed.

All this talk of sell now is a bit premature. You only have to look at the scoundrels on here trying to promote the idea to know that it's flawed. It is cynical mischief-making!

I think that the BoD have players on board who know exactly how to deal with the big fish, despite being a minnow themselves. They have the connections and know which buttons to press and how hard. I find it very disturbing that we have agitators who really should not be anywhere near an AIM share making mischief. Greed, like jealousy, is a dreadful driver of emotions.

What the big-fish want is a business that is ready to fly, without them having to pile loads of risky resources into it first. It has to be at a point where it'll not only float but be capable of withstanding a huge jump. EVRH's baby is close, but seemingly not close enough. Their BoD is not in the slightest bit interested in short-term, it's long-haul or nothing for them. Like their quest for the highest quality of recordings, I agree with that approach.

However, if as has been suggested it's Apple who become the victors, I feel that'll not be good news for the artists. It'll suit JG and his magic purse prices, but emerging artists will have a hard time. Would Apple allow viewing on Android and other devices, or hog it all? Google is obviously another suitor, better news for the artists, but I haven't researched into whether they are involved (or want to be) in subscription services. So, then Amazon emerges - same response as with Apple. Ideally, we need a big player with a generic rather than captive approach.

Facebook is not in the frame. They cling tightly to a small piece of American legislation that absolves them of all guilt unless they become a "publisher" - involvement beyond their investments so far would be very risky and I don't think they'd make that jump. This even though their major taskmaster, the EU, is on the point of collapse as defaulters.

The big time is only a matter of time. Just don't let the agitators scare you off...

Andrea Bocelli without an audience and how many redundant jump points in the MVR app? Doesn't that perfectly describe the dangerous trap that could face MVR if they go too soon? MVR are not a competitor in the 2D movie business, so why are you attempting to compare meat with cheese?

It's no good pressing for a reasonable discussion if participants don't get hold of the basics! EVRH have a very well paid set of experts in the field of launching a new concept and making it a success. If they don't know where the "Go" button is, why pay them? So why attempt to second-guess them also?

If you continually brush aside the reality of releasing the library / catalogue too soon, then there is no further discussion to be had. It's a bit like attempting to fathom a missed penalty; you just run out supportive points so soon! The result is a profound disappointment that isn't easy to forget. Speak of the current England manager and tell me you have forgotten! Turns out that in reality, he's a bit of a genius - n'est ce pas?

If we go back to Bocelli and people subscribe then find there is little more to enjoy on the app beyond maybe no more than a further 20 minutes, yet they're buoyed-up by the 90 minutes they've just enjoyed, how much of a drop in their expectations will there be? Enough to permanently write-off MVR as chancers maybe??

COdey and others, time to accept what is real rather than imaginary!

I should have added that a hostile takeover can only happen when the BoD are minority holders of shares. If their voting rights are in the majority, the sale will only happen under their terms, provided they stay united with their voting.