Member Info for mel5

Hi Albert,
It’s a positive to make more people aware of Napster, however AM was in my view lacking inspiration. SH has more charisma and appears believable, I suppose recently I’ve lost faith in AM as the recent predictable delay in the APP has instilled doubt. We all want this to be a success enabling us LTH to recover loses, we have this week taken on a new lady for managing social media, hopefully she will start the ‘May’ campaign, perhaps there was a plan and the timescales are the same just delayed. IMO

Hi Horsemouth,
I have to agree, the podcast is about as inspirational as watching paint dry in a sauna. Again we here ‘oh I can’t you what’s ahead’, every other CEO is speaking about their fantastic vision, with a lack lustre CEO I can see Napster drift down to new levels, nothing in the podcast gives confidence AM has the leadership to guide Napster to its commercial position I invested. IMO

https://www.musicbusinessworldwide.com/after-raising-122m-dice-buys-live-streaming-platform-boiler-room/

Napster need to raise further awareness of its brand!

Imo GLA

Hi RumF,
Have been an enthusiast of the vision and technology development of MelodyVR, I still see technology being the saviour of this company, there is a need for a cohesive/multi platform and MelodyVR was in a position to capitalise, however the competition has caught up and investors are investing elsewhere, Napster has a great product the likes of SONOS wouldn’t tie into a company as they have without looking forward.
The 5G infrastructure is being developed and in car communications along with mobile networks are developing fast, Napster has the partnerships and has the ability to provide a direct service, combine this with their expertise already demonstrated there is a possibility the company could still be successful.
However, it’s absolutely apparent that you cannot have a visionary Chief Technology Officer incomplete charge of the company, AM has in my view too much power, he has to be answerable to the board, over running projects will always happen if there isn’t any management, when Napster appoints a Director with the power to curtail AM and put this ‘project’ on a deliverable schedule with absolute deadlines with an aligned Marketing strategy, Napster has a lifeline.
At the moment, I see Nice & Green improving their position to the detriment of other shareholders. IMO GLA

Well, the market hasn’t taken the ‘RNS’ very well, I stated a long time ago the New APP would be late and released 2022. As all efforts of the company is being concentrated on the development and history demonstrates that AM will test, test and test the Beta version, we can expect a ‘trial event’ sometime in early 2022 with a release of the New APP spring of 2022 when the ‘New season’ of concerts start again! Buckle up everyone, it’s going to be a rollercoaster!! IMO GLA. “Ye Ha’ Horsey!!

Hi DJP57,
As predicted APP delayed, however good results for Napster business, no surprises, this at least should support or improve slightly the SP, £9m cash in hand enables the company to maintain cash flow, another 20% increase in the quarter without the APP would be great. In my opinion it’s a positive statement. IMO GLA

Hi Horse,
I didn’t invest in a VR Dream, like you, I have been here over five years, I have never been confident in AM as an CEO, as an engineer he has vision and technically the company has progressed, however not capitalised on the technology or in my opinion various opportunities.
But, the industry and partners we have to my knowledge have never blamed him for failure to deliver and attempted to replace him, therefore they must see something they like, he has also been welcomed in many companies and shared visions, this is the reasoning behind me believing he won’t be replaced as CEO.
Does Napster require a more professional to guide the company to success? Well, we have an experienced directorship and influential shareholders, one being N&G who have considerable business experience.
To me, the management have announced all efforts are being spent on the APP, until the APP is released the jury is out.
Napster is still operating with its partners and no deals appear to have been dropped, it does appear there is a lot of investment (as per my recent post) by investors in this space! Therefore, although most LTH’s are underwater, it’s a case of wait and see, the SP will drift with no news, that’s the pattern on most shares on AIM. Just my opinion!! Have a great day! GLA

Horse, you have your opinion, I don’t abuse you or anyone on this or any other platform! I can have a view, change my perspective if I want too, it’s a free country! I don’t understand your comment as you profess to buying more shares, you consistently comment on this board more than any other person, therefore you must see something in it for you.
If you firmly believe AM will resign, you may have a long wait, there is innovation taking place within Napster, wether it’s the correct innovation no one on this board knows, if it’s the correct innovation the APP has the potential to change the position of the company, if it’s not, then Napster will suffer, but until the APP is released and judged by the industry, Napster is still a ‘going concern’ it hasn’t failed, it has only reduced in value, to the detriment of current Longterm shareholders, of which I am one! So if I want to comment on a company that I have invested in, I will!! IMO GLA

The drop is consistent before news coming out, the valuation of Dice at £400m demonstrates Napster is undervalued, as long as the turnover of Napster has increased and we have improved on our subscribers the SP should be maintained and may even improve slightly. It’s all about a Successful APP with a multi-platform and it’s appeal to the industry which will determine this value of the company, so hopefully 2022 will be the start of better things!! IMO

Interestingly, Dice has a value of £400m, Napster has an odd valuation, this would change with a an premium investor! IMO

Confidence in Dice
https://www.google.com/amp/s/www.standard.co.uk/business/technology-media/iphone-ipod-softbank-concert-tickets-app-dice-b957478.html%3Famp

Napster need something special ! IMO

Hi Albert,
As there doesn’t appear to be any concrete news, I suspect it’s down to a few new traders, at this price the SP reflects the original Napster business with the few deals completed at the beginning of the year and the current revenue stream, with the speculation the New APP has the potential to increase the value considerably if the 80 software engineers produce a multi-platform fit to take on the likes of Spotify, as a LTH I’ll wait at monitor the progress before I raise my expectations!! GLA

Great to see a rise in the SP, has anyone any information to why there has been a rise, I haven’t seen any news? GLA

Oh, and we are always allowed to change our minds!! GLA

Well KoK, at least one of us will be right, either way you’re the one that’s panicking, for me, as a LTH I’ll gain if they perform, if they don’t, I’ve moved on to other opportunities and turn my attention to my other opportunities which at the moment are keeping their shareholders informed with great news, never put your eggs in one basket!! GLA

Hi KoK,
I am still a LTH, you are correct, my research has provided sufficient information to question my view of the strategy and governance of the company.
AM is technically astute, he is a visionary, however he has also proven he is not a professional leader.
The company for several years progressed, it was cash positive with a vision, and many professionals bought into his idea.
However, as with many an entrepreneur they don’t question their own experience and attempt to take the concept through the whole lifecycle without doing a self SWAT analysis.
The company then suffers through there lack of knowledge, the company then pursues several options rather than the original idea.
MelodyVR technically is ahead of the competition, they have partnerships to take them to the next level, they ‘had’ a team of visionaries and industry expertise. The main objectives being a ‘subscriber base and subscription model’ eluded the company, so strategically the reverse takeover made sense, being a readymade base of clients and a successful subscription model with industry clientele.
Therefore up until December and the Admission Document I could understand the strategy, yes COVID-19 made an impact, however technology companies in the main have made a killing, and here comes my problem.
With 80 Software Engineers and the partners we have signed up, with artists prepared to attend a ‘COVID-19 safe environment, we ‘shut down’ the facilities, we are not promoting the ‘product’ we have been developing over the past ‘5 years’, we may or may not maintain MELODYVR or we may drop it, we announced a ‘strategic PR campaign’ that has failed to even start, if the New APP is to be launched in November we are less than 7 weeks away, with no sign of PR, no sign of ‘beta APP’, the only PR is AM talking about aspirations.
With the above in mind, yes I have through Research and Business knowledge taken a different view of the probability of success, do I hope that this share is successful, of course I am an investor, not a fool!
I hope the above will curtail you from attempting to make me out to be something I am not, it is not me who changed direction, my experience is that my change of view was a direct result of others changing their direction. IMO GLA

Hi Paul,
It would be brilliant to see Napster deliver an amazing product, something that utilises all the technology they have developed, encompass all the fantastic partnerships from Warner, Sonos, Ticketmaster, O2, Facebook and all the rest! It would be brilliant to have Ed Sheeran shouting from the rooftop about a fabulous ‘British Company’ would respects artists and performers, a company who rewards their ‘Long Term Shareholders’……..however……!!! IMO GLA

Hi Paul,
I believe every milestone has been missed, so with that in mind, the end of Q4 was an aspiration, so Jan 2022 would be a more realistic timeframe. IMO GLA

Napster isn’t in my view significant enough to change anything, I’m not knocking the company, when it has 100x the subscribers then we will be able to make an impact. We will need to produce a extremely quality niche APP which encompasses a multi platform experience for the same money as Spotify. On another note, it’s great to see some stability in the SP, although substantially less than I would have hoped.
Looking forward to January 2022 when the APP is released and potential rises in the SP! GLA IMO

Hi Skull,
When I invested the share price reflected the ambitions of a company with vision and strategy with a tight balance sheet.
The company grew to a size where new blood in the directors office was required, what we currently have is a board of directors with limited experience, a series of low budget advisers and now investors (lenders) in a position to take ownership by default, I believe the APP will be successful, there will be sufficient growth for the company, however the share price will only rise to high single figures before being sold to an interested party, N&G will double their money, however this will not be sufficient for the majority of retail investors to regain their losses, however that is AIM IMO GLA