Member Info for MrH_m

It’s definitely in the AD - I made notes as I read it (sad I know). Will check and update later today when I have more time

RE: Mulgrew1210 Dec 2020 20:26
Sorry to interject, but the sp will not be at these current levels if the below (taken from the AD) all come to fruition. As you were!

While the Company is involved in the distribution of music and musical performances to consumers, the Directors do not consider the major consumer music streaming services, including Spotify and Apple Music, to be direct competitors due to the differentiated nature of the Company’s VR content and proposed

The Directors believe that the combination of the Company’s and Napster’s service offerings will provide the basis for a compelling and differentiated music service which will appeal to the true music fan, consolidating all of an artist’s repertoire including recorded music, short form video content (such as music videos), long form video content (such as documentaries), digitally ticketed live streams, educational videos and immersive AR/VR content, into one premium subscription product.
23

In order to leverage the bene!ts of the combined platforms, the Company intends to launch a new application in Autumn 2021 which will combine MelodyVR’s immersive content with Napster’s recorded music content and will be provided by way of an update to the existing Napster application. From a technology standpoint, Napster and MelodyVR’s back-end systems will be combined, with a new front-end application being developed to replace the existing Napster app. Post the launch of the new Napster application, MelodyVR will sunset the existing MelodyVR application following a period of user consolidation and migration to the new combined service on the new Napster app.
The app will be made available across multiple devices, including smartphones, tablets, smart TV’s, consoles and VR devices, as well as providing audio only offerings for in-car and connected home devices such as Sonos and Amazon Echo. The app is expected to initially launch in Napster’s existing markets which span 33 countries, extending to new territories shortly thereafter.

I prefer not to look at MVR and Napsters offering now, but rather what it’ll look like together, as a new platform. That has the potential to be the market leader

Business interest rates are largely irrelevant for taxation purposes. Just saying

Sounds like you have been sensible with your investment and have a very good average. Good luck

That’s my understanding. Share options + wiped out balance. This has largely gone unnoticed by many, but is very positive considering who has agreed to that offer - the labels/artists

You’ve made money in the last 4 yrs though Rum:

RE: all01 Jul 2020 11:24
Its all so easy with hindsight.

From memory (fuddled as it is), the price dropped like a stone from 18, selling any large numbers was nigh on impossible.
It held at 14 or so as you say and even started to creep back up a bit.

We hoped/guessed/prayed/calculated that it was just people taking profit and that it would now start to rise again because EVRH really had an app (it wasn't just a story as the eeyores professed) and it was on the GO, all the hard work was done, the money will just roll in now. So went the talk on here and other forums from the deluded happy clappers (myself included).

When it started to drop again I sold, 7.5p average to 13.5p sold was a lot better than a lot of poor buggers who got badly burnt buying at 14+.

Speculate to accumulate

BA

Yes I completely agree and recall your dilution posts. It’s a factor for sure, but not if you look at the long term direction of the company. Unfortunately, some are disappointed but perhaps don’t understand the basic input-output business model. GLA

Haha BA. Brilliantly put :-)

Nice BA!!

Today’s RNS is what I was expecting last Friday. The next RNS will be figure from the LG gig (which i was expecting Monday - perhaps premature I know). This will follow later this week and will add 20%+ to the sp I expect

Key terms of the acquisition

Under the terms of the Merger Agreement, a wholly-owned subsidiary of the Company will be merged with and into Napster (with Napster being the surviving entity). Upon completion of the transaction, Napster will be a wholly-owned 2nd-tier subsidiary of the Company.

Plus the Napster debt will be gone.

Lots of positives at play here

I suspect the MMs have no clue what to do right now, so have started low and will adapt later on this pm, when they know lol

Exactly Max

Good to have you back Watching et al :-)

Very generous offering here. Pud will you be closing your short and going long?

Awake pud. Awake

Exactly highland . Biggest point

Yeah it would. I think Trigger or someone else on here made the point about people not going out and spending money during lockdown - people like to be entertained on a Sat night and LG is always good value

Maybe 1,000 shareholders + 100,000 others. That would be my min expectation.