Member Info for Mooney111

Looks like old habits die hard if Napster refusing to at least even acknowledge the plans set out in the AD - even if they have changed

I'm certainly hopeful LF! Over 6 weeks since the last voluntary RNS (the AM interview defo doesn't count). Although having said that part of me thinks that they'll hang onto all the info and release a good chunk with the financials and then leave us hanging for more after this where they can drag out the info release leading up to app launch

Haha I know I though the same!

Looking like a positive start to the day! Lets hope we now manage to string a few decent days on the bounce and dare I say it back to back weeks up

GLA

Someone still betting fairly big on the price staying down here. Or maybe have enough money to test the water for whether it'll be overcome with buys. It'll only be someone with deep pockets making bets like this I suspect as it would surely be highly risky unless you've got the power to manipulate the market.

GLA

Haha!! Probably wise!

Keith - you could well be right and I'll be inclined to have a lot more trust when they deliver. I thoroughly believ in the fundamental case for this share price loving forwards significantly but based on historic performance and communications I'm waiting to see what gets delivered. I'm hopeful. But hope and trust are two different things : )

GLA

I'm inclined to agree with this lord. The disgruntled workers hypothesis indicating a badly run company doesn't hold true in I'm opinion - at least not with the more general workforce. As I'm sure many can attest, those that are genuinely great at their jobs are few and far between. Might be adifferent story when we consider the business failure to deliver pre Napster - as I think this starts at the top and is where his CEO experience is likely lacking (complete guess obviously as we just don't know). I think big institutional investors and more heavyweight board (along with experience) will help this along. Lansing Davis appointment will be a significant milestone I think.

GLA

Hey Keith

I only disagree because I believe a) that the shareprice has been manipulated by someone - and it makes sense that this would be N&G as it would benefit them but b) a fairly large potential for dilution which is always going to make investors wary. The more that is converted or confirmed as otherwise the more certainty that continues to exist. Another other reason that I think it has influence is that the Baird never expressly stated that this was decided upon as a better financial route than borrowing against significant interest and despite their statements of enough capital to run until march, what is this based upon? The current cash position? The cash position with the loan provision considered? The cash position after we've paid back the CLNs which have not been converted but instead are subject to the 5% additional fees? It's just another added level of uncertainty that the board have left to be speculated on.

Certainly more than happy to be shot down if anyone thinks I'm off the mark. Constantly questioning myself over this share so always welcoming another school of thought

GLA.

The max revenue ever generated too was about £1.8m if memory serves me correctly too so it should put it into perspective why these are important. Even if the CLNs are somehow still hanging over us at that point, this should be a failsafe for the share price re-rate. And once this is officially released, I would expect that there will not be any more opportunity for the shareprice to be manipulated lower. In my opinion N&G need to convert prior to the financials release to ensure they get the best conversion price so this should ultimately work out as a double whammy for the positive in that the N&G convert a significant tranche of the remaining value, giving greater investor certainty - and coupled with hopefully very positive results - will ignite the rocket : )

GLA

Formally the last company revenues stood at about 268k for the year. Look on any share website and what it's reporting and it looks woeful. Now officially the company will be reporting Napster revenue too. The trend for napster has been downward for quite a few years now and it's hoped that this is stable or now improved even based on some increased B2B revenues and reported revenue of circa $8m per month in January and February. This will also report revenue generated for the live nation series. Id expect to see more information surrounding Telco deals and more significant structure around the forthcoming 6 months (don't hold my breath for this). With the increased revenues recorded officially - it should put the company back on the map for lots of new investors too.

GLA

Wouldn't it be nice if at this point based on volume, price action, and soon to arrive accounts, that this organically started rising back up and gaining some upward momentum prior to news landing. Volume has been very small over the last 10 days and share price has been mostly flat. Let's hope that the selling pressure is now done with with and we start to see optimism creep back in

GLA

That was referenced in the AD. Nice to know that their version of consistent communication is once every couple of months (exaggeration I know). Been almost 6 weeks I think since the operational update which actually provided very little operational information. Good that they were reporting stable revenues. Between this and the increased B2B sales I have no idea what the likes of Wolf of Wall st are basing their falling sales estimates on.

GLA

Hopefully great news for us with a competitor looking so bad. Let's hope that pretty much buries that for Spotify and driift.

Thanks Henry.

Good to see some reinforcement of the relationships that are there along with what Emmy was doing particularly way back when. I also think what the hell went wrong for us to struggle so much to monetise this business when Han**** talks such a good game. So many questions about how far they've fallen and why.

GLA

WWs

The type of financing is irrelevant to the montary bottom line, and my interpretation is that this was chosen as an alternative to the high interest loans from Davis capital. And thus subsequently allows for the high interest loans to be kept in the back pocket to be used as necessary. As for the 20% price drop, do you think that the previously reported and considerable increases in B2B sales and renewals is not a positive indication of things to come? What do you mean " the rate that the company is losing money?" What rate is this because they've refused to share what the capex savings are. At circa $1m revenue per 10,000 users, the potential to mitigate cash burn very quickly is huge. I certainly can't be accused of being a particularly positive poster on here, and I'm frustrated by all the **** things that the likes of AM and co continue to do. You however are not invested and appear to be here to just to slate other people's opinions. For what purpose? "To see it through". I don't understand?

Don't see how they could justify another placing this year. Supposedly cash they have is enough to last until next march and then loan provisions not yet used provide plenty of liquidity beyond that. That's my interpretation anyway. Shouldn't have to interpret though should we because we should have more factual info. What's the projected reduction in revenue based on?

So who's continuing to average down? CLNs or not I can't believe it's not found solid resistance anywhere with whats due to be coming. Looks like 1.5p is genuinely on the cards at this point which is incredibly soul destroying.

I can't deny that you're right Mel, it's just a rhetoric that's been on loop for a long time. Everytime I feel optimism creeping in, they fail to deliver and the share price drops further. I topped up significantly thinking news is going to start to flow and that the Comms are going to start carrying some positive weight but instead they manage to create more doubt from their half arsed empty statements and it's killing morale. Just a bad day where all the inconsistencies about how they continue to communicate are screaming at me. The continued silence from equitory and Napster to my emails doesn't inspire either.

Here's to a better day tomorrow

GLA

hi Albert

The problem is its all pure speculation, but not speculation based around a fact. Its speculation about speculation and therefore several degrees removed from reality. I'm not saying this as a criticism of you Albert but i frustration resides even surrounding this because they're giving us bugger all else.

GLA

Me too! I'm winding myself up about this because I feel like it's almost deliberate contempt for existing shareholders. Why is the business retaining the MVR brand for "fondness". Why is this the first investors are hearing of it. Equally why are they exploring NFT's/Blockchain etc if they cannot commit to enough resource to even maintain the MVR business let alone grow it. It's 100% going to be going backwards without any attempt to grow the business unless Singtel and 02 manage to do this for us. Leveraging existing partnerships is what they should be doing not just making new partnerships. If they done that for a mutual benefit then big partners wouldn't keep falling by the wayside. Maybe it's just me being ridiculously negative and I know I'm just angering myself over this but I just can't make sense of the inconsistencies.

GLA