Member Info for ORLM

https://audiomediainternational.com/emmy-lovell-joins-napster-as-chief-strategy-officer/

Just a gut feel, but I personally believe we've had at least 4, probably 5 tranches go through the pipeline.

1) 50/50 split of cash and shares in 3rd week of Feb (RNS needed)
2) 100% cash early to mid March to comply with the max 21 day rule (no RNS needed)
3) 2 further full tranches converted to shares end March plus a further 50/50 split of cash and shares on a 5th tranche in the same period (today's RNS)

No way to prove it of course, but I feel we're almost at the halfway point already and there won't be the same degree of s/p decline on future conversions.

In terms of the discounted vwap, it would appear 2.006 would be relatively accurate if the terms ignored the closing prices but instead considered the low trading price averages for the 6 days between 26th March and 6th April.

Delayed the announcement until price recovered. Conversion of multiple tranches must have happened when s/p was floating around 2.15.

Don't take advice from anyone on the board. Trust your gut and make decisions around your own research. Furthermore, no-one really wants to be responsible for giving suggestions that may come back to haunt you later in time.

Could have been far worse for the business and shareholders if they did nothing to diversify Puddin.

6-figure group revenue and 8-figure losses every year for the foreseeable wouldn't have got them very far. It may not be perfect right now but they are now on a more level playing field, giving them a better chance of competing in the present. Plenty of work to do nonetheless.

Rikki - I assume your intention was to dig me out there. I'm not floundering or grasping at anything. The share price is what it is and I accept that and am comfortable with my long term position.

If you want to blinker yourself to an emerging opportunity for the music industry, no-one is standing in your way. Insults will get you nowhere. This is an interesting but still widely misunderstood avenue in 2021 and investors sharing knowledge to stimulate thought and discussion on a board can help improve perspective. You have a short term agenda and that's fine, with some interesting points made from time to time, but why try and **** all over a topic that could quickly become relevant? I've been very clear it isn't a ramp and the explanation of what I believe NFTs are about was balanced.

You could try doing some research into new market opportunities yourself, or researching to counter why you believe NFTs may not be the best fit for Napster. I'd be interested in any counter for such a new approach myself. Take a look at the growing awareness of NFT's. Google search interest has recently overtaken some of the major crypto coins (still behind Bitcoin and Ethereum, but certainly increasing)

https://trends.google.com/trends/explore?date=today%201-m&q=Nft,Litecoin,Dogecoin,Cardano,Ethereum

All I have said was that it will be interesting to see whether Napster make this part of their strategy in the next 12 months as the back catalogue could be very valuable in this channel. They may not even realise the value of the library of original content they are sitting on if NFTs explode further.

@Italian - to yesterday's question, NFT's are a relatively new concept that boomed in the last 12-18 months. It's based on the notion that digital content creators need to be better rewarded for their inventions, working similarly to crypto currency. They are tradable Blockchain assets that are intended to increase in value over time. It's primarily centred around the ownership of scarce and unique digital items that create high demand. Most assets have been created within the arts, gaming and sports spaces so far, but it's also gaining interest in the music industry as certain artists seem to feel it's a pathway that has potential to better protect their long term interests.

Digital content can be anything from artwork to video clips to songs to games to virtual gigs and even tweets. It's pretty crazy (i.e. why would someone want to own the asset outright if they can view/stream it online instead) but plenty of people are buying into it as faith in Blockchain contracts increases. From what I have read, it's quickly grown to a 9 figure market in 2021, expected to grow by a double digit CAGR over the next 5 years. DYOR on that though as there's a lot of info out there with uncertainty on whether this is a bubble.

Music artists and other high net worth individuals in particular are exploring the potential and are offering value add benefits on things that get sold. Sports videos have been selling for 100's of thousands of dollars. YouTubers have made millions creating and selling digital trading cards. Even today, there was news of a virtual home on Mars selling for $500k. Pretty random things going for serious dollar.

When these assets get resold, the value often goes up and the original owners/creators can then get an extra commission on each sale. Blockchain supposedly does everything automatically as I believe it's based around Ethereum token solutions.

Pretty interesting stuff with a buzz amongst younger audiences. You can find out more on YouTube. These videos can explain it much better than I can.

Do a Google search on crypto asset inheritance. A few results pop up that could be useful. There are risks and peculiarities to consider but it seems doable on paper. This may also be a good starting point....

https://www.gov.uk/government/publications/tax-on-cryptoassets/cryptoassets-for-individuals

It's speculative for sure and not intended as a ramp, but it is a credible, alternative sales strategy - very relative to the now. It's easy to setup, Kaiser Chiefs have recently dipped their toes in the water and there are many articles suggesting it is here to stay within the arts & music sector.

Either way, I'd prefer the business to prioritize sales on existing content rather than burning through cash to support a current gig that no-one will pay for. A few hundred K profit is better than a heavy loss.

Depends on who they have in the back catalogue. What I am particularly interested to see is how/whether Napster plan to get involved in the NFT craze in the next 12 months. The age and uniqueness of the material could work to the company's advantage. The content is original and could do very well on the Blockchain.

Doing nothing is exactly what they need to do for Wireless if it is a tossup between investing human and financial capital into the new app or blowing the resources to support a 'free' gig for 100k viewers. There would be more commercial value in opening up the Melody VR back catalogue a little more over the next couple of months to try and boost the revenue line whilst bigger projects are underway. Wireless is an unwelcome distraction IMO. They don't need to prove their ability again.

"Multiple RNS with a target of 18-20 p by July"

Where is this July target referenced?

I'm leaning towards (and hope it's) the latter too. Might check in on the numbers again though to see how things stack up with the budgeting proposal. Thanks for your thoughts!

Hi all,
Quick question for the group....what's your opinion on this excerpt from Section 13, p33 of the admission doc:

"The Directors expect to require additional funding to complete on the Company’s strategy beyond the launch of the new App."

Do you think this means they expect further dilution with another post launch fund raise in 2022? Or is it the case that the latest CLN fundraise was anticipated, giving them the extra cash injection needed beyond the support of the loan facility?

https://www.lse.co.uk/ShareTrades.asp?shareprice=NAPS&share=Napster-Group

Hola! Let's see what the day brings

Dummy data I suspect, just to prepare for launch. Down to 4.5p with a Mcap of 13M now.

Matt Eccles, Scott Javor and Bill Patrizio (ex CEO) have been placed in Senior Manager positions according to the admissions doc.

On the flip side to some of the negative sentiment, these guys have been responsible for constantly declining Napster revenues in the last few years. Do we really want them steering the ship at board level when new tech and fresh thinking is required to drive the business forward?Several posters have been praising Dollens and Lansing Davis as new appointments recently so why not trust them to guide the company in the right direction?

I personally don't consider this to be a huge disadvantage when they can still contribute and offer their experience behind the scenes.

Themis - the admission doc does say Napster's main marketing campaigns are expected to start from May 2021, building awareness ahead of the new app launch.

Their price estimates have been way off for the last couple of reports. Interested to see what they feed everybody in the next update....

Supposedly one of the largest wealth management companies in Ireland with experience in Finance, Brokerage, Asset Management and Investment Banking. Currently owned by GANMAC Holdings (majority owned by Fexco) and going through talks to be bought back by their old parent company, AIB for about 5x what they sold them for in 2010. Been around about 45 years, 270 ish employees and revenues of around $150m. Seems to have been the subject of interest from the Bank of China recently, but that appears to have cooled off.

https://www.irishtimes.com/business/financial-services/goodbody-stockbrokers-chief-roy-barrett-plans-to-leave-after-aib-deal-1.4480450