Member Info for maxdba

So MVR have started posting video on IGTV

Who owns IGTV......... Facebook

what does that tell you about their focus ?

Consolidation of todays gains ?
A monster RNS
Live gig schedule

Push back by those darn shorters !

https://socialblade.com/twitter/user/melodyvirtual

You have to create an account for instagram

Lots of "buys" going through today

LP - I only used the term cash burn in relation to their overhead costs and saying that in the highly unlikely event of the whole of the management team doing nothing and achieving nothing in the next 12 months, that the nature of the conversation would change.

Anybody with half a brain can see that the "do nothing" or "achieve nothing" scenarios are as likely as Kim Kardashian gaining a 1st from Oxford in plate tectonics this summer !

Only approx 15% of all shares issued are held by PI's
60% is held by institutions and 25% by the directors
So about 180 million shares are in private/retail investor hands.
So a trade of 20,000 shares is small beer.
If memory serves then I think the MM's carry about 100,000 in EVRH shares for trading purposes.
So again a 20,000 share trade is not going to affect anything.

As to changing the management.
All the recruitments that have been announced by RNS have been well received
OK this might not be the best measure, but so early in the life of the business it seems a bit short sighted to call for changes.

OK this might be a different matter in a years time if it seems like they have burnt half their current cash (they currently have about 2 years cash in the bank) for no progress, but......

If you really believe that the current management team are wrong why put your money here now, surely you would either be shorting the stock, or have your money invested elsewhere.

Seems to me that the level of debate is pretty low today.
Reflects the subdued market methinks.

Simply wall street seem to think the share is undervalued and should be 11p

https://simplywall.st/stocks/gb/software/aim-evrh/evr-holdings-shares

They publish some info on their calculation mdel, so not totally finger in the air

Facebook have been very clear on their VR strategy.

The new Quest to be released in the spring of 2019 is for gamers.
The GO, and subsequent updates, is for entertainment.

Not being into shorting shares too much I find Merians position a bit incomprehensible.

They took out their short at 8p to 9p
The share is down at under 5p.
They have made their money.

Is it really worth the risk of waiting for a further fall to 4p or less, against the possibility MVR announcing something.

The announcement might be an App launch on Android / iPhone, or buy out, or someone of Ed Sheeran's stature in VR, or the, as yet, mythical buyout.

Would it not be prudent to close now ?

Why wait, unless they know something ?

Interesting article in todays Telegraph about super App's and their battle for dominance of everything in Asia.

Highlighted the case of an App called Grab which beat up Uber such that Uber sold out to them.
This Grab App is valued at $240B

I wasn't really aware that such battles at such values were taking place, but if Melody came up on their radar then there is no way that they could resist.

Optimist, unless you are a 16 to 22 girl, then no you are not the target audience for Liam Payne. As an investor in a nascent technology I would have expected you to see the potential for success, or failure. From where the company is now, it will either fly into £Billions, or crash to zero. There will be no middle ground. Either position is a respectable investment position (ie long or short), just being in the middle and picking holes seems a bit pointless.

Optimist, I think it may take some time to refine their business model, afterall YouTube, iTunes, Spotify et al were not born in a day, the idea behind them yes, that came in an instant, but how to present it, how to make money from it, and so on, that takes time to refine.

It may be the VR finds huge sales in VR gigs by mega stars in stadiums, but on the othe hand it may be that VR finds huge sales in;

Gigs in small theatres by mega stars that are local to where they live (reduces their touring work, but still reaches their audience)

Short live performances by the numerous demographically niche stars, like Liam Payne (to market the medium to new users to gain long term consumers)

Specially produced and recorded live perfomances by the numerous music stars around the world, as they continue to learn how to present performances in the medium (the cash cow)

We will, in time, see specially produced VR experiences married to music specially written by "new VR performance stars"

You might find adaptations of historic film (computerised VR'ing) of deceased performers, their recordings are still owned by the companies that MVR is signed up with.

Then there is the whole social avatar concert thing where you "sit" with your social network friends.

Just some Friday evening thoughts.

Who knows what is to come, other than an exciting ride.

I think all that MVR need to do now is to work their way through a set of gigs that widen the demographic that is aware of them, all the way up to a monster gigs like an ABBA, or a U2, or a Rolling Stones.

Don't think they should jump straight into a monster gig just yet, although it would be cool for shareholders.

King - in previous statements MVR said they expected to be doing about 1 gig a week as they built up.
Clearly, when thinking about all the possible artists and all the possible venues, there is scope to do far more.

App launched
Live gig streamed in VR
2D streaming capability proven
Further Licence agreements signed
A year when the building blocks were put in place.

Looking forward to take off next year.

Sorry, that's each artist performing small sets several times a year.

Say it again, millions of tickets will be sold

Given the attention span of todays market perhaps we have just seen the new live format.

4 or 5 songs performed in a small room
Intimate visuals
£10 a time, several times a year by multiple artists in multiple regions around the world.
Millions of tickets will be sold.

Wouldn't want to be out of this one over the weekend, christmas, new year, next year.
Wouldn't want want to be out of this one at all.

A different way of thinking about it would be to ask.

What has Melody done that competes with Facebook ?
What has Melody done that might detract from anything that Facebook do ?
Is there any agreement or any aspect of what they have publicly done that is contrary to Facebook's interests ?

If your thinking is correct Albie then this might explain why MVR has been delinquent in releasing the App to Android and iPhones as FB clearly does not control these channels.