Member Info for MrH_m

It’s ok not to understand things Lord - it’s not a weakness

Similar in a few ways I suspect. Good to get a direct mention from an ‘A’ list board member tho :-)

That makes perfect sense Glenn. I had previously suggested that some or all of the $44m creditors would be written off as part of the deal, or used as leverage in some other attractive way to the artists and their producers (eg preferential placement for artists, better rates going forward, better security/guarantees for payment). This would be attractive if there was hitherto no other feasible way of Napster making the payments and the artists getting paid. If so, this all lends to the theory that Napster had no choice but to sell to us, possibly through third party pressures, but for the greater good of all concerned. You are well researched here. What’s your take?

Me too Seagull, me too :-)

100% lofas - that will ensure continued upward trend

To clarify, there is nothing in statute about the notice to be given for board meetings. Any director or the secretary can call a board meeting and, unless the articles or a previous board meeting have stipulated the length of notice to be given, the only requirement is that it be reasonable.

That’s correct Italian - It depends on what the voters agree tho, as they may waive rights for full notice in lieu of a proxy vote, or all simply agree to bring date forward without the 14 days notice (which I expect at this time of year + COVID)

AD will be published on Monday. It would ordinarily take 1-2 weeks after publication for the EGM, but I expect this to be brought forward. Very unlikely we will be back up and running before the following Monday, which is coincidentally the next working day after the LG gig

I think we are fully committed to acquiring all of Napster, but thereafter I can then see Melody/Napster being subsumed or developed into another platform

Great to have your keen eye here Glenn. The legal aspects are likely complex, as you say, but I see historic contracts being assigned over, rather than novated, which should simplify matters

No need to apologise. You and a few others are a solid engine for this group. My opinion remains that we will be bought out (or heavily finically backed) sooner than others may think. We have no time to evolve through natural selection. We have a peak time to hit the market and cannot do it with just Napster - they know this too of course. They are as keen to get back to the top as we are to get to the top; they know where the money will come from too. I just don’t think they have the direct relationship (or reputation) on their own to pull it off. Napster will be subsumed within Melody and we will then be subsumed as a subsidiary of a much larger company, possibly with a change of name to separate activities and interests. All in my opinion of course. Puddin also thinks this

You are welcome to review my posts Lord.
GLA

Agreed

Those types of questions aren’t really suitable for an open forum. Just in case we are correct

*JG options rather

I agree with Glennstar - LG gig followed by AD and readmission etc, timed nicely with consideration and LG taking up some/all of his remaining options...just in time for bigger news in the new year

Always trust a lawyer

John Gore must believe the valuation will be at least $220m be end 2021, more likely 2-3 times that as per his options. Personally, I will be surprised if we are not at least 15p by the end of this year, approx 1 year since JG exercised some of his options last time

Any ‘legitimate’ shorters (if they exist) will be praying it reopens before the LG gig lol

Watched it - great series. When she calmed down and took a breath to think about her next move, when it mattered, she won. I see why you liked it