Member Info for RBBe

You must remember? The one that was going to knock Spotify off its perch.

The all singing and dancing app.

I ask again. Does anybody know anything about the product?

In my senile state I am unaware whether or not I can retain any interest in the product other than its worth for a final payment.

As this is likely to be my last post as everything seems to be resolved, thank you, The Italian, for your balanced and constructive comments during the last 3 or 4 years.
Unfortunately on this occasion due, perhaps, to my poor wording, when I enquired what shares worth £1000 before all these shenanigans started were worth now was not answered, If I remember correctly each share was worth about 3.4p. Working backwards I was hoping to learn what the comparative figure is now. This is beyond my addled brain.
I passed my holding on when they lost their IHT advantage. The recipients will have no idea what action to take without my guidance.

As a totally confused nonagenarian could someone please tell me for a holding worth £1000 on the day of delisting, what is it worth now?

This was AJ Bells’s update yesterdayNapster Group Plc has announced details of a proposed delisting from AIM. This means that the shares will stop trading on the stock exchange. If approved at the meeting to be held on 20 December 2021, the company intends to cancel its admission to trading with effect from 28 January 2022. You may continue to buy and sell shares up until this date.To view the announcement in full, please copy the link below and paste into your web browser:https://www.londonstockexchange.com/news-article/NAPS/proposed-disposal-proposed-delisting-from-aim/15235164 ISA holders should note that following the delisting, the shares will no longer be ISA eligible. Any ISA-holders who have not sold or otherwise moved their shares by the delisting date must transfer the holding out of their ISA within 30 days of cancellation.SIPP holders should note that unlisted shares are not SIPP eligible. Unlisted shares will be displayed within your portfolio at cost and will not be revalued except where this is required in relation to their holding within a registered pension scheme, i.e. at benefit crystallisation events, reviews and pension transfers (subject to change). In these circumstances, it may prove difficult to value the unlisted shares and, should this be the case, we reserve the right to commission a valuation and charge your SIPP for it.There may be a limited market or no market at all in the ineligible shares following the cancellation, and sales may require the use of specialist market makers. We accept no liability for the illiquidity of the unlisted shares and reserve the right to pass on any charges we incur in their sale.Please copy and paste the below FAQ link into your web browser for more information on corporate actions:<https://www.ajbell.co.uk/sites/ajbell.co.uk/files/AJB_Corporate_action_FAQs.pdf>IMPORTANT NOTE - If you have any questions or queries regarding this event, please send us a secure message and ensure you quote the following in the ?Subject? field: CORPORATE ACTION - Napster Group Plc - 9685648Updated: 08/12/21

TV karaoke Roxi, the music streaming service backed by Kylie Minogue and Robbie Williams, is tuning up for a $50m (£37m) fundraising after overhauling its TV app. The company hopes to reach 500m more TVs by launching across America and Europe.

The Italian.Very many thanks for that. I always respect your views. I put the question on the taxation site where experts answer such queries.About 30 read the question but none knew the answer! I failed to find the applicable HMRC site but will now investigate further.
One point, if you sell an Aim share and buy another with the proceeds you are allowed to backdate the purchase to the date of the one that you have sold.

As an Aim share, my investment in EVRH was for IHT purposes.Foolishly I have subsequently been sucked in by promises over the years and the falling s.p.
I am now in a cleft stick! If Napster is quoted in US it will be dual listed and, therefore, no longer qualify for IHT purposes exemption and I would either have to sell at a huge loss beforehand to transfer to other qualifying stocks or gamble on a growth in Napster in the short term (I’m a nonagenarian) of over 40%.
To date I have not been worried as there is no way Napster could join Nasdaq. When I read that the board were investigating a US quotation I did some research and found that there was an option, the OTC market.
The OTCQB is recognized as an Established Public Market by the U.S. Securities and Exchange Commission and is a leading market for U.S. and international companies in the entrepreneurial and development stage. To be eligible, companies must be current in their financial reporting, pass a minimum bid price test, and undergo an annual company verification and management certification process.
As a verified market with efficient access to U.S. investors, OTCQB helps companies build shareholder value with a goal of enhancing liquidity and achieving a fair evaluation.
Whilst the minimum price would be a problem, it could easily be overcome by a consolidation.
Do I sell if this happens?

From today’s Telegraph:
Crispin Hunt is a multi-platinum selling songwriter, having penned hits for the likes of Lana Del Rey, Ellie Goulding, Florence and the Machine, Jake Bugg and Rod Stewart, among others. It’s a living, he explains – but the world of streaming services and online video hasn’t rewarded the songwriter.
“If I’d written songs that reached the same chart position in the 1980s or 1990s, I wouldn’t be talking to you now,” he says wryly. “I’d be by the pool in LA. But as long as Spotify pays, on average, between $0.006 and $0.0084 per stream, and while YouTube’s royalties are cloaked in secrecy, that’s impossible to imagine. A song on the BBC Radio 1 C list – that’s six plays in a week – earns the artist around £75, while over 10 million plays on YouTube earns around £65.

Doesn’t this give scope for Napster to corner the market by outbidding Spotify and the rest?

Although a non event it will be interesting to see what Investors Chronicle and Shares magazine have to say. Unlikely any of the nationals will devout space to it.

Offler you wouldn’t have got an A for maths! An 81% rise would take the price to about 2.6p. I remember when it was 16p.

Anyone going to the meeting? Let us know so that we can bombard you with questions we want answered!

Not sure I agree Djp57 re dilution. In order for the sp to go to 10p the cap. val, presently at something just over £36M would have to go to around £300M. Quite a jump. If there were fewer shares , with a c.v.of £300M, the sp would be higher.

Please, The Italian, don’t encourage this egotistical fool into believing anybody reads the rubbish the writes.

PS. I should have added that it wasn’t the Directors (as it should have been) otherwise we would have been told.

Thank you. That was a very comprehensive list. What puzzles me is that we have had some very big sells - particularly when N and G were manipulating the market and the sp went down and then drifted further so that they fell by much more than 20% but over a few weeks. Your list gives very good reasons why the shares should be bought but who bought in the quantities to lift them by 20% in a day?

No share gains 20% in a day without a reason. What was that reason yesterday?

It is of little consolation that N and G have been hoisted by their own petard. They have tried to keep the sp down by selling a small (relatively) quantity so that the CLNs could be converted cheaply. Now their total holding is showing a significant loss.