Member Info for Mooney111

Thanks BB.

Maybe my view is slightly skewed as i have been involved in project managing very aggressive fit-out contracts within the construction industry. The unreasonable dead-lines are the reason i left the industry after 18 years but there was always a way to maintain the ultimate deadlines. It was just a question of appetite and cost. Certainly not saying everyone should hold this view either, it just influenced my thoughts more towards the cost aspect and my comments earlier about raising more if it meant on time delivery. Hope that makes sense.

I respect that this is a growing company, but i also don't believe we've got a never ending licence to hold this niche in the market, and that i think is probably the biggest risk to the company - although i was comforted by the way this was addressed in the admissions document in terms of barriers to entry. If the record labels get tired of waiting however, we're buggered .

GLA

Apologies lord font i misunderstood

GLA

lord font

Bollywood will be a great addition too if the theatre aspect gets rolling interesting. I agree that it will enable better interaction with technology, but the bit I don't quite follow with is how the app build will be influenced by the 5g roll out, as the app will already be building around this I assume. Maybe I've misunderstood somewhere or I'm not grasping something?

GLA

Good afternoon badbat, our disagreements the other day aside, your experience and commentary in this area will certainly be welcome. If you think delays are a high probability, do you think 9 months is a reasonable time frame to mitigate these challenges along the way or do you think that 9 months is unrealistic?

GLA

Hi lord font.

Can I ask what is it that you think will be a game changer specifically considering the current capability to stream content comfortably in 4g now? Not a pop, I'm just assuming I'm missing something?

Thanks

GLA

Hi Embers

i've just seen what got put out there on twitter, which looks like the info you posted here . The fundamental info you put into your post is certainly all accurate and very encouraging but the "updated" broker note is complete cobblers from the looks of it based on the screen-shot they posted. It states an updates brokers note of 20p, but then screen shots data really zoomed in, and quotes figures like daily volume of 6000 shares, and only millions of shares in circulation. god knows when this was actually from. Whoever 'ivestopian' is, i would take it with a pinch of salt.

GLA

HI Embers,

Where is the ardens updated information? I think this will be the first thing to have some real and sustained impact on the price in a positive direction. I cant seem to find any info.

GLA

Hi Mel

Personally I don't think 5g roll out should have any influence on time-frame of the app as this is simply a case of speed of data transfer, with the limits of this a known quantity, as is the limits of 4g. This should therefore only truly affect the quality and interfacing of the VR equipment and how this tethers between phone and headset etc, not the planning and development of the app. With this is known and with the technological uptake of 5g happening with 5g phones now, by the time we have app roll out in autumn this should be firing on all cylinders. I'm not saying that the app should suddenly be available in 1 months time, but i do believe that an autumn roll out cannot be a raw beta testing phase, or the company will miss the boat. We do not want to be in a position where it gets rolled out only when 5g is booming, with a marketing campaign to follow and gain real traction 6 months later, and possibly 6 + months after that when people are next upgrading their phones. We would be looking at several years to make any real market imapct with this approach. In my view we want to be ready so people want to be taking up our app with their upgrades at the first opportunity and lets not forget that Autumn 2021 is at least 9 months from now. This should be considered by all to be a substantial amount of time to have this right. You can gaurantee that if spotify chose to move into the same space, that they'd be throwing lots of money at it and doing it in 3-6months.

As london says, this is not easy but it cannot afford to be bogged down in delays.

If there's any software programmers here that can shoot me down in flames then it would be welcomed to have some more targeted insight.

GLA

Hi Henry

Thanks for these links, they're much appreciated. I find this extremely encouraging and this is possible a key missing link for many music fans when considering the immersive vs live performances. I'll be tracking this aspect closely in future.

I appreciate Lord Font's comments about not rushing the app to get it right, but equally tech is a competitive and fast moving world. I was wondering what everyone's thoughts were on the casting element of the app. Between 360 audio, a lot of confusion and complaints about having to use a PC to cast over the autumn series of events, and the semi frequent comments about preferring to cast a concert to a screen to share socially - i think there may be a significant element of of the unique user experience that would need to be tailored to this aspect. The other end of the spectrum would be going deeper with the VR/AR world but my thoughts are that this would be more difficult to attain as it would be specialist technologically limiting - at least in the near term.

I'd personally be happy with a bigger fund-raise to ensure app development was more prompt, than for too much time be taken before roll-out. i know i'm talking pie in the sky stuff of which i have no influence but my thoughts nonetheless.. With the likes of spotify's vast resources and reach - i think time is not on our side. Equally, i think the deals we have with record labels, and phone companies will have a limit to their enthusiasm if this takes too long to come to fruition.

Sorry, a few tangents there and all subjective.

GLA

Badbat

i have read the document. but from my recollection there's nothing to suggest greater detail to the plans other than what i have mentioned. Can you please be specific about what you're referring to and what i am missing?

Thanks

GLA

Hi Badbat.

I diagree personally. I do not actually feel as though it should necessarily be RNS's but i do feel there should be some better publication about upcoming events etc and interim info.

I do not think that the expectation should be that integration is occurring and is a big task, therefore there should be no communication from the company until this is complete. As per the admission document with the new app due to be available from autumn but with a marketing campaign not properly anticipated until 2022 there is a huge gap in the middle. Re-familiarisation of the napster brand planned to commence from May 2021 - yet the brand isnt being promoted.

I'd appreciate your feedback on what you do think should be expected from the company between those milestones mentioned in the Admission Document. I'm no Business Guru and don't pretend to be so would certainly welcome more feedback on what this should look like. There appears to be 2 fundamental camps of posters. Long term holders who believe the prospects of the company to be good between the uptake of new technology, the deals which MVR have struck and those who remain incredibly frustrated and disappointed with the board or people who do not believe in the company. I am of the former and do believe there's some great stuff going on here - but i do also believe the void of news is damaging to the current shareprice.

Thanks and GLA.

Rolls tracking the Aerospace and defence index pretty tightly. Defence should continue to be resilient i would assume, so i suspect that only positive news from a vaccine rolls out perspective along with positive lockdown info will help this start heading back up. should be in and around some pretty heavy support with where we are at the moment chart wise, and i'd hope that all of the bad news would be factored in at this point too. As rightly pointed out though with the impeachment etc there may be some volatility to come. All IMO of course.

GLA

This is driving me completely crazy that we've had anther drop due to post-market/pre-market activity and the drive continues to be in a negative direction.

Fingers crossed this helps accelerate RR's nuclear plans and allows an immediate foot in the door to get the first project approval for its SMRs.

https://www.thetimes.co.uk/article/hitachi-pulls-plug-on-horizon-nuclear-offshoot-q0tp0kcpx

GLA

Haha I know it's been a painful train of bad news at the moment.

If we were at 1.5m vaccinated on Thursday, Mondays update should hopefully bring 2million and hopefully some smaller case numbers and be on the road to recovery

GLA

I think it needs the next capital raise to be completed before this starts going anywhere IMO in the absence of any real news flow. Fingers crossed announcements start coming thick and fast though and I'm completely wrong. Its painful watching this not move

Looking positive based on some preliminary results issued by Pfizer RE the SA and UK variants of COvID. Fingers crossed

GLA

This is an interesting point actually. Maybe it's with a view that melody is on the way up and Napster was losing a substantial % of revenue each year and they've gone with a longer term view. Hopefully I'm wrong and they're lining up loads but as rightly pointed out on other posts, momentum would be sustained much better with a future schedule of events, even in some sort of loose format. Show to show is starting to leave a deflated feeling - for me personally anyway and I'm sure that any user who do engage with MVR quickly fall away with nothing that they can even look at that's upcoming.

The way the AD is written though suggest nothing substantial is planned for the MVR promotion side of things in the immediate future

GLA

I hadn't considered it being done via a rights issue but yes that would be nice rather than it staying at the top and with the Institutional Investors.

GLA

Hi all

So I've been going over the admission document, and although some additional dilution was expected at some point, my personal feeling is that lots of people have ditched the share based on future dilution which appears as though it's going to be substantial as the costs for development the app have been defined to be funded by future share issue, as has the finding of the launch and marketing of the new app in 2022. The fact that it's being developed for release in autumn 2021, but being referenced as part of a launch campaign in 2022 suggests to me that there is going to be multiple share placements over the next 12 months or a relatively substantial one and also suggests to me that they're not really going to be gearing up for consumer acquisition until 2022, even though they've stated that the campaign to start re-familoarising people with Napster will start from may.

All in all this leads me to believe that any real share rise won't come until this point, and that if I believe in the business (which I do) then potentially I should be looking at the future year as an opportunity to continue to keep adding to this share and any SP bump would just be a bonus.

Bit doom and gloom but wonder d what others thought of this.

GLA