RE: Stupid question21 Jun 2020 17:27
A summary for our new investor
The MelodyVR Share Price (SP) and the analysis for the past 3 years and what has effected it.
Company News
Over the last three years the SP has progressed slowly with a fantastic pedigree of partnerships and investors until the release of the APP, traders and speculators without financial data presumed the VR market was mature and the SP rose to 18p on speculation, as the VR was proved to be immature the SP devalued. The company has since changed tactics proven the technology, proven beyond doubt is producing and broadcasting skills and aimed the product at mobile phones.
With 800+ artist recordings, 3 venues and a new partnership with Live Nation it has a new audience with its next big event with a potential of reaching 300 million followers.
Company performance & economic factors the company as maintained its ability to attract specific investors at critical stages of growth, maintained a strict cash flow with surplus cash reserves, maintained its cash while partners provide the PR.
Industry trends....the VR industry has received significant investment over the last 3 years, Facebook envisaged 1 Billion users within a short period, however the progress was slower than anticipated, however forecasts predict and upswing in the amount of users in the next few years, complimenting MelodyVR and its progress.
Market sentiment of MelodyVR....no financial figures have been released for a significant period, the projected figures in the last accounting period proved correct, the company forecasts a loss for the foreseeable future due to research and development of the product. No subscription model has been released to date, however there is speculation it could be released within the next few months.
Company summary.... MelodyVR product PROVEN, Company Finances PERFECT, market (VR & Mobile) READY, Partnerships IN PLACE, Followers after July 4th ONE MILLION+, subscription model in place JULY 2020, company SP August 2020 20p+
Sorry it’s long, just a brain dump of my thoughts!!