Member Info for PureGypsum

If you get on telegram and add me “PUREGYPSUM” I can get you on the group

I had them from before but I can’t remember how I got them,. You’re not going to find what you’re looking for in news articles anyway as it’s confidential.

No we won’t get any upside from the recent purchase, our upside depends on the crypto aspect of the platform

Are you on telegram?

As this has dragged on some years now I took some time last night to re-read the agreement, as well as go over some other bits and bobs.

I’m quietly confident about our prospects, but We will not be seeing the cash

Yeah, the cash equivalent was not an insignificant amount.

The tokens have been a saga, and I don’t think it’s over. I heard H&L stopped the issuance via the threat of legal action

In fairness to my broker, they have been chasing the issue, it seems II and HL are receiving said payment, and despite requests from my broker the paying agent is not being forthright in explaining why they are and we aren’t!

My other broker, Trading 212 is still behind payments for the distribution of escrow, which is even worse 🤣

Jon V is staying on, which is good as he knows the obligations to us, and I do think he is singularly capable of delivering a revolutionary product and tbh having seen some of the partners on this I do think the project is very well positioned and, I’m strangely optimistic we will be done right by!

I do think that In hindsight Re terms of the merger agreement the wording of that particular clause was loose as to what they were required to do by that date. No one in the telegram group likes it when I say that, but I think if it were to enter a court room it would go down a very pedantic definitions line.

My knee jerk reaction was disappointment at this but I’m more optimistic than ever, I remain one of the few on team token, but maybe this whole affair has just made me lose my marbels

Napster has been sold again for around 200m

RE these small payments, it seems certain brokers have been paying these out, however my broker AJ Bell has not been.

The reasons for this are very unclear!

What it means for the token or the outstanding cash payment I do not know

Agreed it is less clear and less transparent to do a share buyback but often times that is the point. . .

Besides Reducing the shares in issue can be a defensive move to protect the dividend in the long term because the less shares there are the cheaper it is to service the dividend at the current rate, I think it’s a good strategic move long term but I do agree it doesn’t always equate to a equal rise in share price but then, nothing does work in practice in this game

Yep sorry I can’t help with the tokens! RE payment yes, we came to the conclusion a couple of days ago that this was something like the 9th payment received, payments being made in

May 2022

June 2023

Jan 2024

March

April

June

September x2

October

Hi guys

In case you missed it here is the latest from the all that matters conference last week!

https://youtu.be/GHDttsAM1Ew?si=RaRgM4L96Vkl2y3p

Cheers

Yep, I think the schedule was indicating tokens with a proposed cash equivalent for in the event that the Napster network was not launched which is where the values for tokens come from but who knows what the true value will be

Understand there's been a HL update? Looks like they will handle the transfer of tokens to a wallet you provide details of in writing. All's well that ends well.

Hi guys

Sorry I've not really check in on here and quite alot of new developments!

I'll try to only add new information.

The napster universe or whatever its called is now accessible. I've been in it. They have chosen Ric Wilson as an artist, presumably big enough but not too big as they iron out kinks. His particular artist "Metaverse" is a bit like a recording studio apartment. You have your own avatar/character and can run around (and jump for some reason). I think the character will become customisable, and you'll be able to buy merch for your avatar. You can talk to other people who are in the Metaverse space too, though I've only seen two other people in there so far. There's not really much reason for people to be in there unless there is a event on. . . Ric Wilson is supposed to be launching his new single in the Metaverse in the coming weeks. I haven't seen any dates but I will definitely be attending.

Please do ask questions and I'll get back to you on them!

Great to hear that others are getting their tokens! Let's hope for an exciting time in the coming months!!!!

Hi Jambor and Trousers!

I'm afraid you will not be receiving Algorand Tokens.

The tokens you will receive are are called Napster Tokens and are abbreviated to NAPS. The tokens have no current value as there is no market for them. Logically, being owned by Algorand they built on the Algorand chain, which is perhaps where the confusion arises.

The first NFT seems to be available in a prize draw. Seems like entry for the prize draw is a reward for subscribing to some form of white paper. The NFT will allow users some benefits, including early access to various things. I like the graphic design.

Enter for yourselves, or simply have a look at;

thecatisback.xyz

In my case after submitting the forms I received the tokens next day, however that has not been typical. From initial contact to it took three weeks.

Yes, I did see the farm out option was on the table. Would this be just for this well (3bcf?) I understand this kind of works out as a royalty almost, any indications on what sort of rate this may be? Is there an industry standard or anything?

The math is pretty much correct trousers! The wallet I used was called Pera Wallet but essentially yes its an Algorand wallet.

I had approximately 2700 shares

I think March is a good guess in terms of timeline for setting value. I have subscribed to the app and they have been updating the UI fairly regularly. I also have Spotify so compare the two often. They already have different offerings.

Interestingly Napster recently launched a store to sell Napster branded merch, but it was interesting to see that play out from within the app. The experience started in app and took me to a webpage. I imagine this was a test of sorts for artists to be able to sell their own merch, and more importantly to the web3 element, NFTS within the ecosystem