RE: Comparisons10 Dec 2020 08:32
Hi Debbiedoodoo,
In your eyes not a fantastic day, in my opinion it was, we now have the admission document with a clear insight into the strategy of the company, the SP is what it is due to the release of several million of shares at the price stated in the RNS, the dilution is approximately the same as the fall in the SP yesterday. The Napster deal hasn’t been concluded so in fact the only real difference in fact is a series of concerts which were very successful, but due to MelodyVR not being a household name hasn’t gained the traction expected. If being a lunatic is someone who believes in their investments and based upon research believes the strategy of the team running the company, perhaps i am. Regarding the discussions around the interest rate of the loans, please note the reference to ‘bridging loan’ this is a short term, high interest nothing unusual. We also have another successful business investor prepared to risk his money, no one not even a lunatic throws money into a poor investment. Regarding John Gore, perhaps you haven’t notice the theatre industry is going through a bad time, it was clearly stated that MelodyVR and John Gore have carried out a single show, however there hasn’t been any further news, we had presumed there was further work being carried out, however the facts will be contained in the admission document of which I haven’t read completely. Regarding the predictions, if you read my posts I referred to the brokers prediction made November 2019 at 18p, I also quoted Milly1984, their prediction being 50p, and the fact Halifax was stated as £3.50, if you did research you would realise 50p would have been incredible unless a back door deal had been made and we was being bought out. For the future, it is very credible that MelodyVR/Napster will be bought out for a substantial amount resulting in this share being a credible risk. However for that to happen, we need to be a ‘recognised platform’ in my view the strategy is correct, the main criticism for me is the PR, the LG event was fantastic, but PR has to be continuous and not ‘stop start’, regarding the ‘SP’, yes Arden’s could in my view have promoted the share within the market, however I believe the share will slowly rise and we will be surprised with the lineup of artists in the future. Thank you reading! I’ll leave this board to make there minds up regarding being a lunatic or someone who looks through the mist! GLA
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