Member Info for MG85

Thanks for taking the time to respond. I do feel like I'm a little late to the party. However, I thought that about Bitcoin!
Good luck everyone.

The post before mine seems to answer the question!

Someone recommended me to take a look at this share. I haven’t done a huge amount of research (yet) but notice the current share price values the company at over £100m. My immediate opinion is this seems quite high for a company that made a £5m loss in 2019. I have seen that they run made a profit in H1 2020. Why is the valuation so high?

I think people sold their shares in the last quarter of last year knowing nothing was going to happen until Jan 2021. They will be looking to get back in now. All IMO.

bucklerfern, I suspect you're aged 35+ and therefore you can't quite grasp the technological movement on the horizon. I've seen videos in the 90's of people laughing at Bill Gates when he talked about the internet becoming mainstream. Apple are investing heavily in this space and are due to release their own hardware next year. I'm obviously invested here but, unlike you, I am very excited about the future.

Sorry, I wasn’t particularly clear... I don’t think we will hit 50p following the lift of trading suspension. I would expect the share price to move towards, and possibly above, 10p. For me, 2021 is the big year. Apple plan to step into the arena in 2021 and that will be the game changer. I genuinely feel sorry for Puddin1006, being short on this one is a horrendous position to be in.

This won’t be moving to 50p. However, it will be moving up.
Close your short Puddin.

Lay off the booze mate, I can tell you’ve steamed through a fair amount tonight.

Puddin1006, your comments are hilarious. Do yourself a favour and close your short position the second the trade suspension is lifted.

I invested a few quid on this share a few weeks back. Obviously I did a bit of research before I invested the funds. Since I searched ‘Amigo’ I’ve started seeing adverts (on Facebook) from law firms suggesting Amigo loans can be refunded. I’d be interested to know how many complaints have come through this particular law firm.

McDonalds are doing their own virtual gig which will involve the ‘UK’s hottest Artists’. It starts this Friday (30th October) and runs for three days! Is anyone getting a little frustrated with the opportunity MVR are currently missing? Or do people see this as a positive i.e. raising the profile of virtual gigs?

What happened to the ‘bat’ price movement everyone was talking about? I’ve removed my investment from this one but have the same amount of funds remaining. I would have removed all of my funds if it wasn’t for the rampers on this page and Twitter!

I kept questioning why are Napster selling at this price. The share option must seem very attractive to them.

Sky have had a VR platform for a while but they have started to add more VR programmes of late.

When you say ‘issued a speeding ticket’ are you referring to the price monitoring extension?

I'm really keen to understand why Tomco felt it was necessary to release a RNS during the most recent rise but didn't on the previous two sharp increases... something seems a little odd about that.

I’ve been in this share for quite some time and never has this chat been so active! I’m not sure we will see 2p in the next couple of weeks but they are currently below their correct value. They have been oversold and I expect the share price to start stabilising around 1.25p.

The last few weeks have been a great success - a chance to showcase the technology. I think/hope the record labels will be actively encouraging their artists to speak to MelodyVR and get a slot booked in at one of their three venues. The momentum of the productions needs be maintained. All we need it one A list artist perform through Melody App and this company will have a market cap many multiples of today. I sincerely hope that happens for everyone involved (including myself)!

Happy with constructive thoughts - your opinion on production being boring was an opinion. An opinion not shared by many posting on YouTube (i.e. actually interested in the production and music as opposed to the share price).

There is a problem when a prehistoric dinosaur is rattling on about nonsense. If you’re not invested here, shouldn’t you be spending your weekend looking at future care homes?