Member Info for MrH_m

I’m fairly sure FBs main, daily users are not that bothered about the kaiserchiefs or Katherine Jenkins. But they are bothered about other more ‘current’ artists who I’m sure have worked with us. I’m also fairly sure that when FB want their main, daily users to know about Melody VR (and said artists) they will hit them all with targeted ads with a link to the Go. When the time is right, this will go from the current test phase to a bomb effect worldwide.

This low stock price is surely attractive to a potential acquirer(s)?’ Hmmm...

I’m guessing a lot of the panic/doubt mongers on here are the same types who rush to stock up on bread and milk when it snows for a couple of days during Spring. The snow will clear people :-)

Agreed. It’s almost like all the big boys are tied together. All will be revealed I’m sure ;-)

Wait for the AGM folks

Presumably as a directors loan? Refunded on sale?

I think AM and SH will have a fair idea of where the sp will be in Oct 18 and, if they still own the business, Apr 19. So, I am happy to review my position on those dates.

It means the earliest SH and AM could sell (i) (up to) 50% of the remaining shares they held after oct 17 was April 18; and (ii) all of their remaining shares was Oct 18 - they properly sold less than 50% of their shares (in line with the 6 month lock-up) at the earliest Stage in April 18, but agreed a further lock-up of their remaining shares for 12 months, until April 19 (this I presume would supersede the previous lock-up). The ‘customary exemptions’ that would release them from this lock-up before the fixed period would, in my view, be a sale of the business. To preclude a business sale in any circumstances would be irresponsible in my view, as anything could happen and creditors/employees etc would need to be afforded a degree of protection, in circumstances where a sale is required for the business to continue trading.

I don’t think Melody VR have given a great deal of thought about infrastructure. It seems more likely they have been tasked (by a much bigger interested party) to: focus on building the library; secure funding for 12 months; sort all the licensing deals/Legals; expand into different territories; perfect the app; and finally, to be (slightly) visible to those of us who are testing the app/platform and providing valuable feedback. All in readiness for The big hand over and the big launch.

Yep - better to get any glitches/issues ironed out now, before the big marketing push by...

Could the proper launch be under the guise of Venues? If so, does it not make sense to use this period as a ‘taster’ and then to roll out the superstar acts/concerts when the company is in the hands of its new owners? Smells to me like a lot is being held back for alternative use.

Sorry BA, I missed your post. Yes, My analogy referred loosely to the 150m shares placed in April.

Couldn’t agree more

You have 150m cup cakes to sell. You start selling at 19p - no takers; you gradually reduce the price until the price is right. What happens? The first 50m cupcakes are sold at 10p; word spreads and the next 50m are sold at 15p; the final batch of 50m go to the highest bidder (or the entire cupcake factory is sold). Relax people.

I think certainly think so. Let’s be honest, we are here to fund the business pre-launch and for and the first 12 months (most businesses fail in this time without sufficient funding in place). If we were here for any other reason, we’d be privvy to a lot more company information/updates. I would liken AM and SH selling shares to company directors taking dividends based on projected profit (rather than from accumulated/reported profit/from the directors loan account). Why would I sell a large chunk of my holding for 16p? Because I would be happy that my remaining shares are ‘guaranteed’ to be worth £x. I’d do the maths and be confident that I’d be financially sound, as long as we meet targets set. Similarly, people remortgage because they are confident that they have sufficient equity in their house to do so. I have no evidence - I am merely joining dots and using a bit of business nouse.

The entourage of high rollers involved/invested in/employed by MVR would suggest to me that the future is bright. 40-45p by Oct would be my bet yes. Financials get looked at around April/Oct too, which is no coincidence for me.

These are just my own thoughts (it’s what I would do). I’d be happy to sell for £500m (50p) in Oct or, if the market takes off quicker than expected, £1b (£1) in April 19.

Yes. If a sale price has already been agreed, subject to meeting terms and targets etc, then then it is in both parties interests to keep the sp and Market cap at a level that marries with this. If I was MZ/Facebook, for example, I would have agreed a price of £500m to £1b, with an option to buy wither in October 18 or, later in April 19, subject to various market factors and/or the above terms/targets.

I have always believed that was their intention. I also believe the 6 and 12 month lock-up of remaining shares and the ‘customary exemptions’ published in Oct 17 and April 18 are linked to the NDA(s) and sale of the business, on agreed terms.

I’m referring to the 25 Oct RNS (they already sold shares on 6 months - in April - as predicted): As part of the Placing, the Company has conditionally placed 125,000,000 New Ordinary Shares raising �10 million (before expenses) and the Selling Shareholders have conditionally sold a total of 62,500,000 Existing Shares for an aggregate of �5 million at the Placing Price. Following the sale Anthony Matchett and Steven Hancock will still retain over 80 per cent. of their original shareholdings, equating to 184,107,796�and 146,509,136 Ordinary shares in the Company respectively and are subject to a six month lock-up in respect of 50 per cent. of those shares and a 12 month lock-up in relation to the remaining 50 per cent., with certain customary exemptions.