Member Info for mel5

Well, it’s a ‘Blue Day’ tomorrow, unless Horsey is right and it’s down to £0.005 GLA

Hi Italian,
I agree due diligence is carried out by NED’s and the Directors of the company, however both Lancing and Mr Read don’t install confidence, Lancing has been investing in this company long enough to understand where it’s going, I still believe in the ‘product’, however lately the direction of the company and the broken promises and ‘blue sky’ thinking has taken its toll, what we need is someone ‘grounded’ who will look at the figures and concentrate on what is working!! IMO

Along with Steven H, we are in safe hands with our new FD, of course he has all the shareholders interest top of his agenda!! GLA

‘Mr. Read was a director of Concha Limited and Billion Dollar Holdings PLC, at the time of each company's voluntary liquidation. In each case there was no loss to creditors. Mr. Read is a director of QMM Holdings Limited which is currently in liquidation and there is expected to be no loss to creditors’

Hi Italian,
I also respect your view, however entrepreneurs with confidence and conviction reinvest everything into their company until it stabilises, several CEO’s have made similar statements, I agree the company has sufficient cash flow until next year, however this is about meaningful and bold statements, the decline in the share value is significant enough for the CEO to demonstrate his confidence. IMO

Please send your own version or copy and paste to investor-relations@napster.com

Dear Anthony and Steven,
You are both directly responsible for the decline in the value of the company, the change of Financial Director is an improvement as the strategy to take the Nice & Green finance package has been a disaster.
A joint statement from you both regarding your commitment to the company through taking ‘Zero Salary’ until the company has reached pre Share Price level before the Napster acquisition would demonstrate your confidence in the company’s future.
I look forward to hearing from you, indirectly through an RNS.

GLA

I believe it’s time both Anthony and Steven should for go any Salary until the company’s Share Price reaches pre Napster Acquisition value for a sustained period. Anybody have the same opinion? GLA

Great to see a reshuffle of the board, FD who presided over the CLN’s deal is now gone, let’s see if this episode can be overcome providing positive movement forward. IMO

https://www.bbc.co.uk/news/entertainment-arts-57838473
A perfect moment for the new APP to coincide with a fair payment scheme! IMO

DJP,
By no means do I mean to knock the potential of a company with a strategy and communications department that conveys sufficient information to maintain confidence in a company. The sad fact is we have management with contempt for the very ‘enablers’ of the company! IMO

HG,
You are correct, I have changed my opinion of the company based on recent non-events and the poor communications of the company.
I always based my opinion on my own research and knowledge, I do believe a company with a multi platform APP with the right direction will be successful. All the ingredients for a successful Music Entertainment company was within the grasp of Napster.
However, the only communications the shareholders have received is the ‘aspirations’ of a dysfunctional leader, the MelodyVR product has partnerships, but no new material has been released in 6 months, despite having two major partnerships, there is a 1000+ experiences in the library, but nothing has been released, we have NO new events advertised, despite having COVID-19 approved recording facilities we are doing nothing with them, we have 80+ developers working on the new APP but no mention of a Beta release, there is No mention of the ‘theatre’ only music, understandable that we have no new material however it was part of (pre Napster) strategy.
Regarding Napster, there have been a few extensions of partnerships, however since Singtel no new clients, only within the ‘aspirations of AM’! All in All the retail shareholders are being treated with contempt, this is a risky strategy.
Emmy has joined the company, however she hasn’t made any real visible progress.
The city investor has no real interest as there are no communications from the company, IR company or broker. With 1.6p being the current devaluation, I have no information to argue the share price will not achieve 1p.
The above is the reasoning for a re-evaluation of my investment..GLA IMO

Hi Brownadder,
Without the APP being released earlier than announced it looks as though the share price will decline further, the insincerity of the company directors and the absence of cohesive information following the strategy of the Admission Document doesn’t look good for further investment.
I have made my views known directly to the management through contacts, it will be interesting if a response is received through the correct channels of communication being the IR company to all shareholders, I am throughly disappointed. GLA

Djp, the release of the APP nothing more!

The SP now reflects the price N&G wanted as their investment target, AM stated many years ago he didn’t care about the SP, with no coherent communications investing more at this stage is high risk of which I won’t contemplate.
The delay in the release of the APP will not encourage city investors unless a significant partnership is announced, I have to concede the strategic position of this company with adhoc and unclear communications has tested even my patience. IMO GLA

Hi KL,
Couldn’t agree more, ‘Napster 2’, such originality, they must of taken a time to think of that name!!!
Positive situation with N&G investing to achieve a strong position on the board, they are obviously talented investors.
Let’s see what announcements come over the next couple of weeks.

GLA

“ The Company will use these additional funds to support the development and launch of the new integrated mobile app which will combine the best content and functionality from both the Napster and MelodyVR businesses to create a new music platform during the course of 2021” GLA

Hey, Ho Horse,
Your views are always interesting, I’ve put your question to a board meeting, I confirm
1) Producing an immersive APP with multimedia outputs will be prone to failure, the APP should be split into various APP’s.
Answer: The whole point of an Collective Immersive APP is the user will not have to negotiate various APP’s. IMO

Hi Urban,
Yes, despite the extra funding from N&G it looks as though the APP is coming out Q4, it does beg the question what the new APP will be, it appears it will encompass every media, TV, mobile etc, with talks with 6 mobile operators in addition to our current partners it looks to be an alternative to some of the big players, if this is the case integration to multiple existing platforms will have its complexities, but 12 months of development is a long time! IMO

A reasonable strategy to place all the resources on the new APP, they must have the cooperation of Singtel and other partners otherwise this would be a great opportunity missed.
Singtel is probably part of the Beta testing to placate their interest and the own strategy, looking at the news TikTok had 5.3m views of the Ed Sheeran experience demonstrates there is a huge market and Napster will have to produce something different and of reliable quality! IMO GLA

Horsey,
The combination of the CLN’s and Covid-19 has clearly effected the confidence in the SP, however the recent RNS has provided clear evidence the strategy set out in the AD is being maintained.
To my knowledge, no partnerships have concluded, we have a new investor N&G who are clearly significantly switched on investors looking at their portfolio and business practices, which in effect will provide due diligence for any future investment or loans.
With Napster clearly demonstrating ‘operational excellence’ with partners such as Singtel and Sonos, also the O2 partnership which is clearly setting a path for six (6) other companies to want to partner with Napster Group this is all positive. The company has an increasing uptake in clients therefore cash flow is improving. With sufficient funds to Q1 2022 and the launch of the New APP, where is your justification for a 1p valuation? IMO GLA

England 2 - Germany 0, it’s all a waiting game, it’s a matter of when, not if!! GLA