Member Info for ORLM

80-85% of consolidations result in a share price collapse according to my own research. The odds are stacked against us. Of course, I'd be disappointed to exit early if it went the other way but, by that point I hope to have multi-bagged anyway and I wouldn't feel comfortable playing that game of probability. I'd just walk away with my head held high and a smile on my face.

Disagree. The moment this consolidates, I'm out! Plenty of mileage left in the tank before the business should even think of going down that path.

Regarding a falling share price...no idea. Maybe the discount would no longer apply if a certain s/p floor is reached. Sounds like it's all dependent on agreed terms and we'll just have to find out what level of dilution would be needed if and when that happens. If anyone smarter with more experience would like to correct me, please do so.

I'm no expert but it does seem a little ambiguous Italian. It reads to me that this is the first of twelve scheduled CLN conversions, of which half of the value looks like it will be converted to equity and half of which may remain as a short term debt (plus interest) to be repaid in cash at a later stage (or as additional equity if there is need for that with more dilution). I can't really find any information to suggest whether partial conversions / redemptions of CLNs are possible. Everything I have read implies it is usually one or the other with a caveat that it is up to the parties to define the specific terms of a CLN.

If it is possible and if that is what has been agreed, a hybrid approach to repayment could make sense to improve cash flow and to reduce interest. I won't pretend I know what's going on for sure though...just reading between the lines a little.

This is a pretty good link though if you fancy a read: https://www.jonathanlea.net/2021/a-guide-to-convertible-loan-notes/

I agree to some extent BA, artist pushback would be a catalyst. The challenge in starting a revolt though is probably a fear of being frozen out by the labels. Labels have conflicts of interest with their investments and money talks. Pressure will just cascade down from the top. I think many artists just adopt a 'better the devil you know' mentality at the moment.

I can't remember who posted it (possibly Mel), but there was a link to an article the outlined the reasons why Universal should cash out of Spotify this year before Spotify develop too much of a monopoly by 2030. If something like that was to happen, it would be interesting to see what comes next. That could be a more productive time for some higher profile artists to have their say - when the MNCs have their power conflicts.

Not yet, only in the US given the reduced EU demand. I spoke to Amazon customer service a few weeks back and the response was that they will pass the message on to their technical integrations team as a future development.

Bit late to the party but this is a positive RNS. Stable revenues, solid cash position, product expansion and continuation of cost reduction initiatives through a prolonged period of environmental uncertainty.

The key quote for me is:
"......the Group is well positioned to address market demand and new opportunities as market conditions normalise"

If they come out of COVID with flat revenues, imagine the growth potential when normal activity resumes.

Not meaning to sound rampy, but unless there are any black swan events looming in 2021, this business only appears to be going forward over the next 12-18 months. Foundations look solid to me. This is one I am quietly confident in right now and excited to see where it goes.

You're 15p day will come Embers! Sure it's been about 12 - 18 months though since you first suggested that after the interview.

The key thing is not to overcommit on this stock and just trust that if you're average is anywhere close to the likes of Gore, then you're probably not doing too badly.

@Mooney. Yes it's disappointing to see the share price dip again, but the charts are on a downward trend. As a LTH it comes down to accepting that a) changes are not linear, b) accepting the current position and development needs of the business post RTO, c) understanding that 'stay at home experiences' is an immature market and d) there is still a lot of work to do to drive VR adoption globally outside of gaming.

For these reasons, I believe Melody are not going to move faster than the market dictates and IMO, we are unlikely to see any serious bagging opportunities for a good few years. I have never bought into any of this 20p by next month, 50p in 3 months and £1 by Christmas sentiment. We're still in the early stages of driving awareness of a new space in a period where the cost of hardware is prohibitive to many, the virtual gig experience is not truly reflective of a live gig (no chat or shopping experiences) and due to the fact MVR have not scaled up support for the mass market via TV apps or subscription packages. My main short term concerns are around the fact that we are standing still from a marketing perspective whilst other rival platforms (e.g Roxi, Wave, ConcertVR) are popping up with new partnerships and high profile backers (which ultimately causes us to move backwards as others develop their solutions). Some of our existing partners are also investing into their own VR solutions (Sony Music) which makes me a little uneasy if I'm honest. I fear there is some reasonable risk in us losing any early first mover advantage that we may have created over the last couple of years and MVR so far haven't been great at monetising these commercial partnerships. That said, it's a building phase and I can see why MVR may not choose to invest time or budget in H1 in light of a new debt burden and to focus on more pressing tech priorities, but they should absolutely do something of significance in H2 to stay relevant. Answering your question on what could be done, I feel they need to invest into growing a trusted network of brand ambassadors to build credibility and momentum around the Napster name this year. Whilst it is iconic, it's still essentially a US brand with no serious footprint anywhere else in the world.

Some may disagree but I feel Nikki Lambert and her team have been pretty quiet since her appointment (perhaps with good reason) and now need to step up to work some magic over the next couple of years. It's been a shame that only a few of the artists in 2020 got behind promoting their own gigs on social media and the only excitement we really had last summer was around the surge in Facebook likes (somewhat debatable whether they were paid for or organic).

I'm pretty much 3 years in on a 7 year plan with this share, hoping to exit with decent returns after 5 years. I believe this is a reasonable timeframe to determine whether this will sink or swim.

Basically reinforces the point that it's all about the glasses and the planned HMD release isn't going to move any needles from a sales perspective. Investing to "educate" and transition consumers to more affordable tech later in time.

Granted, but with mobile phones, they developed a brand new ecosystem that disrupted conventional ways of engaging with people and content. All they are bringing to the table at the moment is a more expensive hardware for 3 times the price. There will have to be some phenomenal upgrades on the Oculus experience to entice customers away from a dominant leader who have created the space. Not to mention all the Telco's partnering with Qualcomm to develop lightweight, cheaper, high performance glasses in the next couple of years. I just don't believe they are going to do anything different or add any serious incremental value with this release. They've been slow to react.

Not really. If the device size is the same as a rift and if that pricing is anywhere near true, it's not likely to encourage surges in VR adoption.

My expectation is that there would be a need to have a separate Facebook account for other users to allow for data collection/profiling etc. Irrespective, it's a removal of a barrier to VR adoption for many and will help lower income households save on the cost of hardware.

With the intention of growing the VR community and driving content engagement in each household. A step in the right direction. Looks to be planned for February.

https://developer.oculus.com/blog/multi-user-accounts-and-app-sharing-coming-soon/

FYI - https://www.musicbusinessworldwide.com/sony-takes-wraps-off-secret-unreal-engine-project-unveils-new-subsidiary-sony-immersive-music-studios/

Mel - what's your position on the fact that Universal, Sony and Warner are also major backers of Roxi music with a potential IPO in 2021?

There were a variety of factors that were only ever going to result in low conversion of ticket sales. Pretty sure I called out a 0.5% conversation expectation as being realistic. People just need to better consider the variables given the current position of the business.

Onwards and upwards from here on though.

Well, you're coming out with potentially exaggerated claims ahead of any official announcement. In the absence of information in the public domain KoK, you either appear to....

a) Have access to inside information or
b) Are making numbers up

Just curious which? Can only be one of two options unless you can share the proof?

KoK - can you provide evidence that over a million people bought/watched the LG gig?