Member Info for MrH_m

You are fighting a losing battle here Henry - these lot don't listen and just galvanise on the big drops. A big chunk of the market have never heard of Napster - they soon will, which places central importance on the new app and the associated marketing campaign. We're in for a **** ride until then, and will largely have to allow these parasites to have their day. Ours will come.

no problem Italian - I toyed with the idea of posting my theory that NAPS are also keeping us all locked in at these bargain basement prices, to avoid a mass exodus this 6-9 month period. I decided against posting that though

Morning Italian - the choices were (a) a traditional loan-type agreement with likely very high interest that will need to be accounted for in the Y/E Accounts figures; and adversely impact monthly cashflow (we are trying to reduce overhead costs without having increased revenue atm); or (b) more shares dilution which wont significantly affect the books. We know we will have little news until Q4, so my point is it is better for us (when i say 'us' i mean 'LTH' hence the reference to the 3p brigade) to be able to buy more shares/average down at these low prices, with marginal sp movement to impact the default / discount charges to N&G, in exchange for a much greater return on our investment in Q4 and beyond. If we still believe the sp is too low at present, and has the potential to be 20p+ then this low sp is good for us all, during this 6-9 month period.

100% KL

Forgiven Henry

Henry - we topped out at 18p end of April 18, just before the APP release in May. It coincided with the F8 Conference

Agreed Henry - they need to be very careful and strike a balance. A 1p sp would be catastrophic. I’m hoping NAPS are deliberately keeping tight lipped about the new app and future plans / growth prospects, which could explain why they are not too concerned with this ridiculously low sp until they are ready for launch 2. Get the funding out the way with the sp hovering around these levels (more likely we will see a slow increase back up to 3-5/4p over the coming months anyway) and then investors will get their reward. IF that’s the strategy then I can see why the Board think this is better long term for investors.

I seem to recall the sp rose from under 10p to 18p over 6-8 weeks before the release of Melody’s current app. That was without the Napster streaming. Just a reminder

They will drive the sp down yes. I’m more interested in the other end, once the loan notes have all been converted at 2p. That’s when we will see big news, the new app and hopefully a huge rerate. Painful for those who want out at 3p I guess

Just in time for the Xmas buildup

That’s it - slow day on the BB (no silly posts) and we get an RNS. That’s the solution going forward

Well said. Dropping in ‘3p and I’m out’ scenarios is just planting seeds that that is the best we can hope for. Classic move. It’s not 3p, but if one potential new investor believes it is, then job done

Lord

Exactly the reason our friends on here are working 24-7 (even late night/early morning essays) to keep the sp down here - why? They want time to keep loading up at these ridiculous prices before the inevitable sp soar

I’m guessing £10m investment in exchange for 1% of the business

*were

Just watched this evening’s first episode of new series: SH and AM we’re not on; maybe next week

IF RN were always going to sell ASAP (and that was discussed as part of the negotiations), then yes it makes sense to let them sell when sp at its lowest (maybe even that was agreed). If so, then this is a strong move on our part and we may have bagged a bargain. Alternatively, if they are selling early doors because they don’t believe in the future of Napster, then that make be perceived differently. All will be revealed in due course I guess

BA can you expand on your Nasdaq reference pls? Do you mean get RN out the equation to make the process more straightforward?

BA I guess I just thought they were investing in napsters future, as well as selling the company

I thought I had Italian - thanks for clarifying. Disappointing really