Member Info for MrH_m

I also share that view. It looks like they are waiting for the new app launch before they kick start by form of marketing; so looks like we are here at these levels until then. I remain hopeful that the explosion will be heard around the globe, so will wait patiently, as always

Maybe Dikki has landed his dream job at NAP?

Good luck all :-)

That’s a lot different to the para I quoted though isn’t it. Can’t you just wait for the Napster news to start - I am sure we will be keen to talk about our offering and promote our content in just the same way, hopefully more. IF the news doesn’t come, then you can moan (as will I and others). See what happens tomorrow and the coming weeks. Moaning before the race has begun is just belligerent.

Dikki, your statement that:

“ It should be relatively easy to announce how much each user, directly or indirectly, profits Napster and then to explain what areas they plan to direct their resources to. That isn't dependent on the app OR the concerts and at least direct invesotrs to where to look for proof of life, marketing-wise”

Shows you’re complete naivety to the sensitivities and nuances of running a publically listed company. Do you honestly think that, outside of the financials, we would disclose that kind of info to our competitors?

In fact all of your demands show you have no regard whatsoever for the importance of commercial sensitivity

Good to see

I do yes (was hoping Dikki would bite) :-)

Good question Italian - personally, I think the best timing is with an announcement that Napster are hosting an evening with Adele (showcasing her new album from her studio), or similar. That would be more powerful news than any RNS. In VR and/or 360, wouldn’t matter

But the legal aspects will be privileged at this stage, so not suitable for public domain. I agree update re further delays, but they don’t need to tell us why necessarily

A reminder of the pre-completion RNS:

Details of the Merger Agreement

The Company will advance an initial $6.0m deposit which will be placed into escrow, followed by an additional $6.0m deposit which is expected to be advanced shortly thereafter and upon satisfaction of certain post-signing conditions. Ahead of completion, Napster may request funds to be released from the deposit in order to pay certain identified rights holder obligations. Any such requests must be approved by the Company. In the event that the Merger fails to complete due to Napster being unable to meet the closing conditions of the Merger, the deposit will be refunded to the Company and Napster must repay any advances to the Company within six months of completion. In the event that the Company fails to fulfil certain closing obligations under the Merger agreement, the Deposit may be forfeited. At completion of the Merger, the deposit will be released to certain of Napster's debt-holders and shareholders, and a further USD$3.0m will be deposited by the Company into an escrow account. This amount will be used to secure certain indemnity obligations of Napster's shareholders and unless used pursuant to those indemnity obligations, will be released to the former Napster shareholders 18 months after closing. As further consideration for the Merger, the Company will issue approximately 200 million ordinary shares of the Company to Napster's debt-holders and shareholders at completion, such amount shall be adjusted for any decline in the Company's share price prior to completion.

The above is not straightforward and even though we completed the Purchase, a name change is likely to mean lots of paperwork with the different interested parties involved. Not making excuses, as we should be told what’s happening (and I’m as frustrated as all in this respect) but the legals are the most likely reason and nothing sinister.

Agreed Italian

Rikki - you seem perfectly happy "picking holes" in MVR, yet don't like it when people pick holes in your posts. Adopting your own words, "Lon gone are the days when [posters] just accepted [you/your posts] on face value."

Why wont you tell us who you were before you changed user name? Are you ashamed?

I just want to be able to check what you thought before you phoenix'ed as Rikki. Allow us that courtesy and I may start to properly consider your posts

Rikki - if we are to take you and your credentials seriously, you will have to disclose your user name on here before your current incarnation ...

Rikki - you’ve only been here since Dec 20 yet talk as if you’re the authority on everything Melody/Napster and Business. Do you not work?

Whining about matters outside of your control is just plain annoying though isn’t it. I think this is what BA meant by ‘immature’

Wanted for crimes against himself!!

For all those who think the current sp is the best it’s going to get - sell up and move on. Like you say, there are lots of (other) multi-baggers out there.

Victor Meldrew cannot let this share go - it’s great. I bet he is still in love with the first person who accidentally brushed his knee back in junior school

Pointless trying to second guess though isn’t it; you’re just driving yourself (and others?) nuts. We will just have to wait and see what happens.

No need to respond to this.

Yes people do seem to be getting ‘twitchy’ don’t they

Rikki

I have not provided ‘justification’ or an ‘excuse’. I’m just giving a possible reason for the lack of activity. Maybe the feedback from the staged studio gigs was that it was poor and awkward without an interactive audience? That was certainly my own opinion.

Maybe the poor feedback didn’t justify the expense. If so, it wasn’t ‘under-used’ but rather it wasn’t considered a big enough success. Understandable if so, as above.

It’s not just ‘no of concerts’ that need to be considered; whilst volume is important, the no of users who have paid to watch the concert is more important for me. I would hope to start seeing some big names to help promote the re-born Napster brand, which should feed into the financials.

Not all concerts will need to be shown in VR, as the LG Thames experienced proved. I hope to see a good balance between VR and 360.

Again, you are just guessing that LN have ditched the relationship with us. I don’t believe this to be the case.

The social media performance is low key. I would be astounded if that continued. The coming have openly stated they look at timing and VR adoption figures for guidance on strategy. They have also said they don’t want to be seen as jumping on the COVID bandwagon, which a poorly timed and produced ad campaign may well do.

The only people talking incessantly on here at present are those impatient ‘traders’ disappointed they are stuck here. These people do not concern those who believe in the company long-term.

There will be news this week, as per the latest RNS.