Member Info for mel5

It’s interesting to see the difference between investor and commentator.
The problem I see, is no-one knows the answer, this has become a difficult investment due to the fact it’s entrepreneur has decided to ‘say nothing’, there is no information being released to make a technical or commercial response, the company could end up worth ‘zero’, equally the investment (at these prices) could x10, its now a quite simply a gamble!! The problem is many people have invested including myself and had realistic expectations the company had great potential.
The ‘I’m always right’ brigade would be nowhere to be seen if the company was flying high, they wouldn’t admit to missing an opportunity. Whatever happens it doesn’t help people causing aggravation to others!! IMO

The conversation held, was not directly with the board, but with a senior team member, I explained the dissatisfaction of the lack of communication and on the behalf of shareholders this was to be passed up the chain. It was acknowledged that the BoD are aware of the forums and the comments. It is my comment that the BoD don’t have the decency to communicate, I am not interested in ‘blind faith’ myself, and this was the reason for the conversation. IMO GLA

Following a conversation yesterday, the BoD are very aware of the different forums and the views of the retail shareholders, however the BoD still don’t feel it necessary to communicate with their retail shareholders. It’s difficult to understand the mentality of AM and SH! IMO

https://www.google.com/amp/s/www.upi.com/amp/Entertainment_News/Music/2021/11/09/Justin-Bieber-virtual-concert-Wave/6261636479647/

The industry is still working to convince people to adopt virtual concerts!! Where is Napster’s contribution GLA

Our CEO is totally responsible for the position of the SP, he stated clearly several years ago the ‘SP’ was on no interest, this was a classic ‘Gerald Ratner’ mistake. N&G are savvy investors, they have and will benefit whatever happens to the company along with other investors who have been introduced to Napster partners.
The APP still has a chance of being successful, but a steep hill to climb! IMO
Any new investors coming onboard with remarks with ‘hindsight’ are not clever or important. The only strategic product of importance is the ‘Multi Platform APP’ IMO

Hi MrH,
There really is a pattern to ‘investors’ such as Katstrangler coming along, they really do have a researched and balanced view of the company, all most as if it’s the same ‘Investor’ popping up to make a quick ‘buck’!! The only advantage is that LTH’s can average down, and down! IMO

Hi Chris99,
We have all been positive of MelodyVR/Napster at different times, had the question of MVR being able to gain from the Metaverse 2 yrs ago I would definitely of said yes, they have the capability and innovative idea’s and the connections in Facebook to develop.
Has that knowledge and capability gone, that’s a question I cannot answer.
Has the board recently moved in a different direction, I believe that is the case!
Is the current SP the bottom of the barrel, an even bigger question?
This investment in my view is a greater risk than I had expected, in my view the possibilities of success have been cut, and the hill of success is now steeper, and the SP has a long way before recovery, and there maybe even further dilution.
There is 80 software engineers with industry professionals still working with Napster, with professional direction and innovation the Meta platform could promote the VR aspects of Napster, however in my view AM hasn’t the leadership to take the company forward and there has to be a change. GLA

Its probably no surprise the SP is where it is, our CEO has always made it clear he is not interested in the value of the company and N&G our main shareholder gains more shares when converting their loans to shares. The company has sufficient funds until the New App is released, my concern is the opportunities the company has missed and the competitors that are being financed by other large corporations! If the New App is still following Facebook and the New Platform has something substantial different then 2022 -2023 will look different, my problem is this is now monies tied up for a further 2 - 3 yrs with an inexperienced CEO!! IMO

Hi AP, our ‘friends’ at N&G are completing their strategy, I believe, they have been transparent in their objectives being the acquisition of shares at the lowest price. There could still be more control to be exerted until the New App has been released at the detriment of retail investors. The main question is for me, is what price they are going to sell their significant shareholding? IMO GLA

Of course, just joking, we have all got to have a sense of humour at the moment! At least the SP is still hovering above 1p!! GLA

https://www.google.com/amp/s/www.bbc.co.uk/news/world-us-canada-58990330.amp

Could be a new partner for Napster! GLA

Hi AP,
It’s horse again topping up, it’s a shame Napster isn’t mentioned in this link! IMO
https://www.google.com/amp/s/www.bbc.co.uk/news/technology-58749529.amp

Hi AP, Italian,
Great to be corrected, N&G website confusing, let’s see what the next tranche brings, as you I’m under water with this share, so any positive news would be good! GLA

Hi Italian, I agree with your thinking, however in rough figures, N&G have invested roughly £14.48m according to their website (They quite Napster £8m No Incentive & Napster/MelodyVR £6.48m with Incentive), they currently have roughly 13-15% of the current shares. The company to date has a value of £33m, therefore N&G shares are worth roughly £5m, this means they have taken a hit of £9.5m. If the SP falls further the next tranche of CLN’s at .8p would increase their shareholding but at a further paper loss until a rerate of the SP. something tells me the further the SP dives, the happier N&G will be as it only needs the SP to move to 3p and N&G are in profit. Interesting how the funds was loaned to Napster Group? Imo

Good luck with your other investments, as you my confidence has been shaken, your in a better position than most of our LTH’s, with historical information the CLN’s effect for the last tranche will push the SP under 1p, if that happens it could dive, the question is how far and what time period will it return above 1p, or will it, all will be revealed. IMO GLA

Agreed ORLM, we are far from where we was in 2018 and the 5 year plan that AM put out is in tatters, there is a possibility the Tiscali and other N&G investments will come together with other companies and provide clients for the new platform, however this I believe will be at the expense of us!! IMO

Hi CB,
MelodyVR has always had a strong team with great CV, however they never really do anything to make a difference, Joanna McNally and Nikki Lambert had great CV and stay for quite a period, but eventually left with nothing to real show for their time with Napster. Emmy has a great track record, but what has she been doing?? IMO

Hi Horse,
May 4th 2018 = 16.80p - October 13th 2021 = 1.13p x 15 dilution speaks realms of the CEO of this company.
The New APP has a lot riding it!! IMO

Hi Italian,
N&G have played a blinder on there investment, the money they invested is relatively safe as they have the security of the assets if my memory serves me correct. I have been an advocate for the technology this company was pursuing and I was in favour of the purchase of Napster to gain a readymade subscription model and the few million subscribers, to me it made sense. However, the picture in my view has changed, yes CB is correct, we have signed ‘powered by Napster’ deals, however these I believe was in the pipeline already, AM didn’t have a lot of input into these deals, otherwise I believe we would have seen more this year! I believe AM and the other EIGHTY Engineers are constantly re-engineering the APP as they see competitors doing the very thing we had already perfected, now they are on a quest to do ‘something new’, this is typical of an over powerful Technical Director with a Board too frighten to challenge his progress. I can see this SP going down further, as you and the other LTH’s it’s how far and when or if the SP will return for us to regain our losses! IMO GLA

Hi Italian,
Something is wrong, when a growing company was worth £200 million when JG invested and we bought a company for £70 million and we are now worth £33 million it demonstrates a lack of corporate governance. The industry is growing, the competition has overtaken us and we are still awaiting the new APP, no new contracts, no news of partnerships, it’s devastating how this company has been managed. IMO