RE: Fundamentals6 Jul 2020 09:52
Good morning Modeller, great to have an alternative perspective on 2019 for MelodyVR.
Reading through the whole RNS I would like to raise several points of research and development and the fact investor (s) bought into the company.
Development of the technology, development and testing of VR viewer, carrying out a production with John Gore and preparation for a year of Festivals. The revenues dropped due to no monetisation (part of strategy), building up of the team and building and maintaining the APP.
The losses are extremely frugal, in this year without borrowing they have researched, developed and built LA & Ally Pally sets, and staged a fantastic festival.
This is the strategy of a large company, MelodyVR have carried this out on a small budget with great success.
As in the RNS, MelodyVR are continuing the building of the library of content, they will be releasing the VR Viewer, releasing further artist and monetising the product, alongside releasing the library of content, recording more artists and working with John Gore theatre experiences.
A very balanced and robust strategy I would have thought, not to mention negotiating new partnerships, promoting the APP and further enhancing the product.
In my opinion, there is nothing to be criticising here, only encouragement to achieve the above. GLA