Member Info for LowiePete

A fair few of today's sells are actually buys. I went for some and the offer was 4.6975...
Will wait until payday and see what the price is then.

Well, on the day that we leave the EU it'll be 3 years since I bought my first 6000 EVRH shares at the princely SP of 10p. Little did I know that my holding would grow to hundreds of thousands, or that my average would tumble from 12p to 7p in that time. As for the BOD and its antics, I have been nothing but impressed. The move to inject £20m into the petty cash tin to put the shareholder money to use and out of the hands of shorters was nothing short of inspired.

Their approach to releasing material is completely commensurate with VR uptake, with the latter still categorised as in danger of extinction. Yes, the tech is still going forward, but outside of areas like education or training it's only driven by big names with bottomless pockets. Although uptake is growing, there are still a few hurdles to overcome. The main one being that wearing a headset is such an insular behaviour. There has been radio silence over FB's involvement with MVR lately; were they not paying for an FB app, one that presumably helps jump to overcome VR's insularity? If I remember correctly, the same style of app could then be adopted by other big players. Does anyone else wonder about where FB are in relation to MVR at this point?

That's just one of the peculiarities. When this SP was floating around at a steady 8 to 10p, what drove the sudden spike to 18p? I would suggest that since then there have been far more notable steps in the app's progress, the biggest probably being the release of MVR on mobile phones. With the SP at current levels, all this shows is that it is being manipulated by forces unseen. I'm not complaining - 20 or more shares to the GBP will do me fine, at least for the time being. However, if the rules that applied in May 2018 were still in place, then surely the SP would be closer to 25p than the present 5p? I shrug my shoulders, and keep buying - the big money will come, probably in a flood, once the consumer numbers become sustainable.

All the basics of the business are in place, apart from 2 key elements. One is a sustainable catalogue that can only be built from the ground upwards. That just takes time and every quid spent on building it is worthwhile investment. The company has cash with which to continue for some while. The other is simply consumer numbers. That has to spread beyond those people who sit alone in bedrooms, playing their technology. By comparison, I'd say MVR have the easy part of the equation.

I really don't understand all this agitation. The big investors still see this venture as risky, and it is, but that does not mean that everyone at MVR should pack up and go home. They will have fingers on every pulse available and out of every company I've seen, or been involved with, on the AIM market, I have the most faith in their approach. At least, from a fortnight's time, my shares in EVRH will qualify for Inheritance Tax exemption - yay!

How many times does this simple fact have to be said? Nothing major will happen unless and until MVR have a sufficiently large catalogue to fully release to subscribers. The deal with O2 is a tad risky for that reason, but the impact is limited. Controllable? I'm not certain.

Are MVR building that catalogue? Yes
Is their content of sufficiently good quality? Yes
Are new artists being recorded almost daily? Probably
How many fixed recording sites are being installed each month? Trade Secret??
How many mobile recording teams are there? Trade Secret??
What's the goal / optimum number of recording sites? Trade Secret??

It's answers to these latter four that would tell me most about MVR's progress. Their strategy and approach has been carefully measured so far, so it'll be a waiting game of unknown duration. All this premature baying for live shows only shows up people who have not done their research / or studied how to roll out what MVR offers. That impatient strategy could collapse MVR at a stroke! Refer to my opening paragraph.

As an investor, the only strategy to adopt with this share is to buy all you can within your "gambling budget" and while the share is below 10p just keep buying. The longer it lasts, the better, until realistic expectations can be met. Once the catalogue becomes a marketable item, and no-one outside the board will have an inkling about when that'll be, you'll not rue the day you invested here. After all, anywhere else considered as "safe" these days is almost charging you to invest...

Well, here we are at the end of the decade with the price still hovering at around 18 to the pound. I can't believe my luck and just wish that I had more funds available. All the best for 20-20 folks - I'm looking forward with confidence!

The problem with today's tech is that it's obsolete within hours of release. With that in mind, MVR have absolutely no choice in going for the highest recording quality that they can achieve today. This so that each and every one can hold its own in several years time. I never had the impression that MVR's viewer was going to be anything more than a phone holder, so it's nothing to get alarmed about. As the optics in headsets improve over time, it's my belief that viewing the acts offered by MVR will only improve within the new tech, with no adjustment to the original recording. It's just another impressive aspect of their approach.

Sharebuy - the answer is pretty simple - MVR didn't have a sufficiently big catalogue to support such a release. Quite rightly, they're currently drip-feeding a few acts, mostly as tempters, until they _know_ they have a big enough catalogue. Once that point starts to match the number of VR consumers _and_ that they can cope with the demand, we'll see this big launch gig everyone is praying for.

We're just lucky to be in at the beginning. Price manipulation seems rife on AIM, but once all the ducks form their row here, there won't be much stopping it. AIM is always a gamble by its very nature, but if the fundamentals of a company are right, (DYOR) then the risks reduce profoundly. There's not been many hiccups, so I'm happy enough to invest and explain myself.

There's nothing like a deadline to focus minds. People keep hinting that there might be a giant event coming soon. With the positive connections that MVR has in this industry, who is to say that companies like O2 aren't gonna sponsor such an event? One good gig could probably enrol their minimum quota in one fell swoop. So the shops are only going to be drip-feeders.

Everything here is still embryonic, but the tipping point isn't far away. As I have said all along, patience is key!

Themis...
From recent RNS
"O2 will remunerate MelodyVR for each of their customers that utilise the promotion and will guarantee a 'minimum number of subscribers' during the course of the first 12 months. "

From that, it clearly shows that it's up to O2 to find / enrol the subscribers. Nothing can be done by EVRH to improve the situation, other than record more and more attractive content for potential subscribers to enjoy. Isn't that exactly what they're doing? There's no point in being critical of O2, companies like that do things in slow, giant steps.

In view of the SP being below my APS, I see it as a seasonal present to buy a few more. It won't be that long before FB have tired of promoting their telly-spy hardware and come back to extending their VR ambitions. Seems that's quite healthy in the USA anyway. So this share is still a steal. If it drops further by next Tuesday, I'll snaffle a few more.

Seems that someone can't read a simple graph. Falling share price, what falling share price? That was the case from May 2018 to May 2019, but since then the value has just slightly more than doubled! In that time I've managed to halve my average per share price and I very much doubt that I'm the only one. All the while that the SP stays at these levels, it's a steal!

There's absolutely nothing wrong with the management of this company. Seems that since brokers have come out of their long silence, they also have nothing but praise for the direction EVRH has taken. They're simply confirming what most of us have known all along. If anyone is so anxious that they need to try and paint such negative (and false!) pictures, then perhaps selling up and looking for something safer to invest in might be a better option. Otherwise beware, there's an agenda of dubious behaviour attached!

Oh my word! I'm beginning to believe the gossip over one person, two names. All this fake crying-wolf business is so boring because their focus is completely off what really matters. The figure I'm looking for is the announcement of how many venues get fitted with fixed MVR cameras, in multiples of 100! Couple that with an average of at least 500 acts / shows / audiences per 100 installs per week being recorded and suddenly we have the basis of a solid catalogue with which to tempt, and keep, new users.

MVR are dribbling their announcements of new recordings on purpose. The reason being that while critical mass of potential users, probably held back a bit by 5G rollout, is still building and maybe some way off, so is MVR's catalogue. People argue that the company are haemorrhaging money. I don't believe they are. Installing cameras and training people locally on control, operation and maintenance will cost, but the sets placed in key locations they can be instantly growing "new stock" for background storage.

It's a stock that has minimal storage needs and that will always keep its value. Indeed, some performances will pay their way in profits for ever and grow in value over time. There aren't many businesses that can make that claim over their stock in trade. Indeed, most want to operate on carrying absolutely minimal stock because it loses value with age! So, it's completely correct that all these crocodile tears are called out. Basically, if their claims are to be believed, they come from people who have been ill-advised over investing in an AIM stock, and who then blame everybody but themselves for their mistake.

Good grief! I hope it's a great many more than 600. That'd more or less cover the discography of just the Rolling Stones. How many sets of fixed cameras are there? How many performances a week are happening in front of them? I'd have thought that number could be achieved in just a few weeks, not as a total of the past three years. They were recording well before the app launch in April 2018, weren't they?

I think the O2 tie-up is just a marketing exercise and another proof of concept - I haven't investigated it fully as I'm not likely to join their network, but I believe there is plenty of "free stuff" for users where eventually everyone will be expected to pay.
I imagine that the feedback they get from mobile users will be invaluable.

As a result of these GMA adventures, more than once has the desire been expressed for a commentator / compere for live shows and I imagine that won't go unnoticed. There is so much to learn and there's so many "consequences" intended or otherwise to deal with. It's way beyond my comprehension, but I'm not being paid to understand it. I have sufficient faith in the BoD to deliver accordingly.

You're dead right about the timing though - too soon and it could backfire, too late and miss the boat. However, the BoD team will have the knowledge and experience from elsewhere on how to judge this, so in my book it's another plus point in the company's fundamentals. For an emerging technology, I don't think the BoD have done too badly, though it could yet go wrong. However, once the hurdles have been successfully jumped..?

The way the SP is being manipulated seems common to many AIM shares, so that doesn't worry me either. At this price, it's a steal.

Short-term, it'll all be about proof of concept, testing the tech and measuring the responses. Nothing major will happen until there is a healthy back-catalogue of recordings. All the while that some people moan about the company going no-where, they are actually investing in a future where every new recording has a value much greater than the production costs. With only meagre storage costs the return on these recordings will last in perpetuity not just as music / performance recordings but as an archive of social history as well. So, there's very little waste.

The company will never be another Spotify, but in offering quality recordings it'll have no equal. All the while that the SP is below 10p, I just say fill your boots and enjoy the anticipation as you hide them away! Just remember that it's not a get-rich-quick scheme.

@ShareDuke...
The one thing that MVR don't have is a big enough back-catalogue. While this is building in the background all the while, it isn't yet big enough to sustain demand and going too far, too soon could be the breaking of the company. VR isn't like 2D where you can use/remaster recordings made yonks ago. So, it is a game of patience, testing the tech and exploring the possibilities. If a live show is put on by the likes of Adele or Abba, what's the immediate demand afterwards going to be? If you disappoint your new "believers" at that point, because of a non-existent list of options, the negative impact could be catastrophic!

I'm as excited as anyone about this company and its ambitions, but would caution about getting too carried away before the core library can sustain the potential demand. It could still be a year or two, hence the SP not yet beginning to soar. With the current BoD in place, I believe it will, just not yet...

The topic was on Android devices - that definitely isn't down to the version! Maybe it's the screen format, but my almost brand new Sony isn't on the list. :(

Is there a list of these "newer" phones somewhere?

It's tip of the iceberg stuff. That's just 1st year income which does not include advertising revenues, additional users from word-of-mouth (the biggest impact) and then how many continue their subscriptions beyond the intro period. That first year will disappear soon enough. As stated, this is a long-term share where contrary to the horse-dung being deposited, slow but steady growth is the order of the day. This until there is enough material in the back-catalogue to properly sustain an ongoing demand. There's only one chance at this. Go too soon and that could be catastrophic!

There are clearly people on here who don't do their research, they don't know how to evaluate the basis of a sound business model and as a result they should not be anywhere near the AIM section of the market. Least of all should they be grumbling about a BoD who have a clear growth strategy, have cash in bank and are building a future income stream that will last into perpetuity. The latter being better than cash in the bank by factors!

All we need do is sit tight, make the best of the buying opportunities that the below 10p prices offer, and look forward to a prosperous future. Forget FB, MVR are not part of their business model as all they want is data to gather/sell without any commitments beyond providing their linking platform. All the while that they can hide behind the "ain't me guv" clause in American Law, that won't change. That doesn't mean that there aren't some very big beasts keeping a watchful eye. They'll let MVR do all the necessary ground-work until one will make its move as and when it decides it benefits them. A stag-rut won't come close to describing what will happen next.

Sit tight, if MVR can negotiate deals like those they have managed so far, there isn't too much to worry about...

Cheeky top-up @ 4.84 - at sub-5p it's a steal! After the O2 announcement I'd put paid to the idea...

Oh my word! So the SP dropped 17% in the last fortnight, behind a previous fortnight where it went up over 20% in a day as part of growth from 4.5p to almost 6.5p. It's as Mel says, the basic bread and butter of this company will be its library of performances, every one a cash generator in perpetuity. There are two dependancies. One is uptake of VR on a domestic level, the other is the realisation of being able to call up, or attend in real time, performances that would otherwise be out of reach.

The former will be mostly achieved either by word of mouth (e.g. by artist promotion) or by direct experience through such things as work training. When I speak to people about the latter, they'll nod in agreement that it's something exciting, but it's clear that they cannot envision this in their minds. So, their eyes glaze over, as this "science fiction" element presently defeats them. That'll change.

The idea of judging a share for 14 days in what is still very much an emerging market shows that you should stay well away from the AIM market as lose heavily you will! It won't be the fault of the companies you invest in, it'll be your own impatience as there are few "get rich quick" schemes on here. The basics of EVRH are sound; they beaver away in the background and once the critical mass point is reached, they'll be ready to meet the expectations. Just a tad longer than fortnight though...

MVR doesn't fit the FB portfolio in that it doesn't host its own content and has no ambitions in that direction because of their oft-used "get out of jail" card in US law. As for other potential suitors the list is pretty impressive, which is why I'm happy to hold this as a banker for the future. The longer the delay, the bigger the pay-day as the core MVR library continues to expand daily. Look after the pennies...

As long as that's happening, the live shows and other fancy gizmos can happen in their own time. Let the bleaters bleat; no-one can predict the tipping-point of AR/VR into the mainstream, so I have no sympathy with their impatience!

Getting back to FB, is MVR going to be a key hook for marketing the Oculus Quest? Seems they can't make enough of them as it stands. Maybe that's why the emphasis is presently on the Portal.

That's a relief. With the recent heavy advertising of their Portal, we could be forgiven for thinking otherwise. However, I think the direction of travel with FB is still in gathering data about individuals and groups. It makes you wonder just what the Portal devices are actually recording about their willing audiences as they create their "memories". However, this strengthens my belief that FB won't be buying out EVRH, or throwing their hat into that ring.