RE: Mmm?14 May 2020 22:34
A1EX, let’s have a look, not through roses tinted glasses, but look where MelodyVR are in the Music world of VR.
They have one of the largest Music industry players as a shareholder, they have one the largest Theatre Operators in the industry, they are linked to all the major player’s in the Music industry and some of the most current artists on its APP. The technology has been tried, tested and tested again, they have a fantastic hand picked team from the Music and Streaming Industry, they have just received investment from a technology company who themselves are partnered with the biggest network in the world, they have a mobile phone partnership who themselves are currently forming company to take on the Big mobile and broadband operators, MelodyVR have 800+ artists already recorded and available to release for streaming. MelodyVR have liquidity to last there current cash burn for 18 months, the company has NO debt!! They have recently tested 1000 VR viewers over a 6 month period to refine their offering. They have increased the number of staff aligned with there requirements to deliver the future products.They have a subscription model ‘oven ready’, they have proven over the last week they can turn the tap on with millions of followers!!!
With the current climate, they have still a captive audience, VR headsets are flying off the shelves, our mobile phone partner has 31million clients, they have for many months run a ‘pilot scheme’ to test the model. They have been running the company for 4+ years without putting a foot wrong, or without wasting money, they are extremely cautious!!
So, on the negative side, they haven’t released all the content....they haven’t released an untested VR Viewer, they haven’t spent millions on advertising to get people to experience VR, they haven’t made employees redundant and been bought for a song (no pun intended). They have to a limited audience made announcements prematurely of things happening!! Where are MelodyVR???? After writing this, I have reinstated my belief of WHY I am invested in MelodyVR!!! GLA (Sorry for the length of this message!!)