Member Info for MrH_m

Clearly the company has been valued (by reasoned projection) at more than £220m by the end of this year, but JG has a fixed valuation/purchase price based on a mcap of £220m, so will get the benefit of the immediate profit on any valuation over £220m at the time of exercising the transfer. In other words, say the projected mcap was £500m at the end of the year, JG could then buy $10m (sorry not £) worth of shares based on a fixed £220m mcap so more than doubling the value of my shares immediately. This is a sure sign that the discussions and negotiations between parties is based on a projected valuation of Melody by the end of this year far in excess of £220m. Positive all round

If you build a small pond you will have fish; if you take more time to build a lake, you will have more and bigger fish over time

That’s exactly the point. He wasn’t given the option to purchase £10m more at today’s price (why would WE offer that). He can have those at a fixed mcap of £220m, which would equate to a sp approx 3 x higher than today’s value ie if the mcap is £220m or more at the end of this year, he is making instant profit on his £10m purchase

My word

The Mcap is fixed at £220m re the further purchase option so clearly the sp will be calculated to match that ie 15p+

The shares have been issued and will be bought immediately at a 25% discount, so different to warrant options offered previously. This is dilution, yes. But the effect is neutral. The option to purchase the further £10m at a guaranteed sp of 15-17p is a sign that this will be the min sp by the end of this year, else he’ll be buying over the full ask. Zero negatives can be drawn from fridays RNS

I think Friday has shown that we all need to relax and have faith in Melody and all the people behind the company. We are going places and this is just the beginning. The real drivers of VR are the organisations who have an audience/client base they need VR to connect with. Melody have the product and expertise to enable the connection. No one saw the Broadway tie in coming. To be able to pen that deal without anyone knowing is epic. I cannot deserve just how big this news actually is. It’s also a big middle finger to all the doubters and panic merchants on and off here. Those who believe we deserve to be kept up to date with every move are misguided. Other VR companies can only dream of establishing the ties we have. Stay ahead of the game Melody :-)

To be fair to Horsey - he invokes discussion :-) The sp almost doubled in less than 1 month prior to (soft) launch last year (10p to 18p). That’s how quickly this sp will move up through the gears once the hard launch and real news is revealed.

I agree, but I think we need to give SH and AM a bit more credit. I simply do not buy the “they’ve made their millions so have lost interest” bull. They have a lot more riding on the success of this business than all of us combined I expect, not least a duty to their employees and investors, and all the hard work built into getting the business off the ground and licenses in place. I am excited by their silence. If they panicked into updates that would show desperation for me. Something BIG is brewing. Keep the faith

The current RNS has told us all we need to know:

“While VR device adoption continues to build, we will focus on our mobile strategy to extend the reach of our music content library to the 1 billion plus smartphone devices around the world.

Where others have scaled operations in anticipation of mass market appeal, our measured expansion has allowed us to conserve valuable cash resources, preserve agility and capitalise on our first mover advantage in this young and embryonic industry. Ultimately the success of our model will depend on our ability to scale...”

I’m not really sure what more info people want/need? The above is clear on strategy and shows where we will be focusing on in the next 12 months.

Welcome ORLM - finally a voice of reason

All need to remember who works at MVR and who they left to join us. No amount of paid salary will substitute the damage working for an unsuccessful company will do to their CVs. These top recruits care more about their professional reputations than a quick buck, so I take that as a sign that they believe in the future of this company. They’re privy to a lot more info than we have. That’s good enough for me to sit back and wait for my big pay day.

You put a winning jockey on the back of a star horse, as he will be able to control it to victory. Mr Z is a winning jockey and I believe he is riding us to victory

I think the salient points here are (1) we are still under NDA(s); and (2) the tie in with FB/Oculus means that we cannot sneeze or fart without their prior agreement. On the flip side, we must be on to a winner here to have agreed to (1) and (2) in the first place. We have released the app on FB say so and have done very little since on their day so. All roads lead to one direction.

From what I have read over the past few weeks, you’d all do well to take heed of BAs patience and insight

I agree. The main reasons are obvious. This is just a potential added incentive. I would imagine there could be lots of data to glean from discussions re music, concerts and feedback from live user experiences that would be of direct interest through such a medium

Facebook plans to integrate its messaging services on Instagram, WhatsApp and Facebook Messenger. Why? To enable better use of the data it can glean in one single place. My theory is that the new Melody VR App will have an integrated messaging service to enable users to interact in the same way. This data can then be used for targeted ads etc which would make it more appealing for Facebook’s clear data collection strategy.

Great feedback BA - was the venue covered in brightly coloured Oculus branding (their logo)? Looked like it from where we viewed, plus the one Melody logo on stage...

It certainly would explain the perceived lack of interest in melody promoting their own app wouldn’t it :-)

Once this gets going I think it’s reasonable to estimate gross revenue to MVR of £3-5m (min) per live gig - I don’t think the cap is high - far from it :-)