Member Info for MrH_m

You still dipping in and out KoK :-)

Nope - the new app will generate the new users which will generate the agreed sale

Hi Lofas - it has to be a company based in the states, and likely on the West coast. There is just no way Napster would have been on MVRs radar. Warrants have been agreed at 14/15p so I would be disappointed if any sale was not based on at least double that, so what’s that…close to $1b. This won’t happen until the user base is increased to at least the numbers quoted in the investor presentation.

Honestly - the exit strategy since inception has clearly been…sell the company. There is zero interest in making money at this stage, or in the sp which shouts out to me that a deal was brokered years ago, at a stage when key targets have been met. It’s the reason I’m still here despite my profit money being worth next to nothing! Do I think it was AM’s decision to buy Napster? No. Whoever will buy us is calling the shots here

Agreed again KL!! I have a hunch news of the new app rollout (plus industry feedback) will be announced at the AGM

Can I just say that the directors salaries will be agreed by the remuneration committee, not the directors, who have a duty to the company to agree no more than is necessary. High salaries don’t necessarily mean the board are trying to screw the company! it could just be a fair reflection on future revenues and performance forecasts

Agreed KL

I don’t think it’s a scam - I just think a price for sale was agreed years ago and certain conditions had to be met first - prob explains why we are heading towards 1p to ensure there isn’t a double premium payable to the company directors

Great stuff Wayne - NAPS integrating music videos and other video content will be very appealing to the youngsters especially, and give us an edge

Duly noted. Thanks

…and your point is? Lol

Too soon if so

Geordie - I remember when MySpace and Bebo were the ‘must have’ social media sites. Then the fickle users quickly moved to the shiny new Facebook! Not saying that will happen here, but just showing it can happen and we have every chance of making waves with our nee app

“A perfect moment for the new APP to coincide with a fair payment scheme! IMO” [@Mel]

100% agree Mel. Fair trading or “levelling” across the Country in all industries is big news at the moment. Perfect opportunity to give the music artists extra streaming revenue by moving over exclusively to (or promoting) Napster

Yes - Evidence there’s lots going on behind the scenes in readiness for the re-launch. Accept we get told nothing unless we have to and there’ll be a lot less sleepless nights for some on here!

1 tweet per week? Wow. I would expect the marketing of the new app to be slightly better than that

Cheers AP. It’s a good indicator of sp potential for me, as there will be big pressure to satisfy these organisations and justify those exercise prices as the expiry date approaches

…Are these Gore’s outstanding options?

I note there are 43.2m warrants outstanding at 14.2p with an expiry date of 17 July 2022. Interesting price reflecting confidence in the sp going forward

As frustrating as this all is, I’m happy to wait for the new app. New users get one go at an app and either love it (and stay hooked) or never use it again. These same users won’t be tempted back by a new version of an app if they didn’t like the old one. The current Napster app IMO is very limited and not on the same level as the others. So, yes we are putting all our eggs in the new app basket, but I do think this is a calculated judgment call based on the above. The pressure is on for the new app to be better than the others. If so, the marketing push should be easy, if done correctly. As for remuneration, this is agreed at board level, so there must be structures / performance-led targets in place to justify the same. It’s a lot of money - eye watering amounts - so if the new app is ****, we are all ****ed not just AM