RE: Wireless, LiveNation and MelodyVR22 Jun 2020 14:58
There's a good old African proverb doing the rounds at the moment on LinkedIn. "Those who want to go fast, go it alone! Those who want to go far, do it together"
It's clear which path MelodyVR are taking in response to their strategic and competitive challenges. They have been building all along from what I have seen in the last 2 years. IMO, the fundamentals are decent with zero debt. They clearly have work to do around pricing, promotions and certain processes, but developments around other areas of the marketing mix have been both steady and encouraging (product, people, place, portfolio and partnerships). Rome wasn't built in a day, especially in a new market segment where it takes time to develop infrastructure, technology and adoption! This is where they are dependent on bigger multinationals to drive the agenda.
I'm of the opinion board balance is important, but I would support others in saying if people are not convinced by the team, the strategy or prepared to wait for the gains then they should consider following COdey's direction to exit on the next couple of spikes. He's pretty transparent with his intentions and has a clear trading strategy that works for him which could help others in the group who are less confident in their investment. There could be better investment options out there suited more towards your patience levels and risk appetite. Lots of market corrections and opportunities out there right now which may get you where you want to be much faster.
Irrational gloom for gloom's sake isn't really helping anyone.
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