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Italian, what intrigues me is how did N. and G. manage to sell 27m shares without effecting the s/p more than the expected few million necessary to keep the price down before the next tranche of conversions. There were no substantial sales and certainly no substantial buyers according to the daily trades recorded by LSE.

If they are sitting on 4m of unconverted notes, with their 7% discount they could get another 230m shares bringing their total to around 400m.

Don’t you think, therefore, if N. and G. believe in their investment, their better option is sooner rather than later? They can dribble sell at their convenience. In any event they have us smaller shareholders by the short and curlies. Serious investors and investment managers will be reluctant to enter the market. It’s going to be a long haul.

Horsey
If there was ever any doubt that N. and G. were manipulating the share price, this was dispelled by the statement from the chairman ‘As a company, we are pleased to be partnered with Nice & Green who we view as both a responsible lender and who have retained the vast majority of their shareholding ‘.
Rejoice, the end of June has arrived and their ability to do this has ended. They will now be as keen as any of us to see the price rise.
Perhaps not everyone! Horsey has done his best to keep new buyers away with his ridiculous pronouncements. I ask, if he believes that the price will drop to 1p why he has not sold at almost double this. If he has, what nefarious scheme is he pursuing as a non shareholder? Please, Horsey go quietly before the next few months show what a misguided individual you are.

No mention of the contribution Napster is currently making or of Gore. Still better than a DNR..

Showing on A.J.Bell brokers Napster results on 23/6//21

The LSE site appears to be the only one that publishes share dealings. It certainly cannot be relied upon for accuracy as in the past I have frequently had my buys posted as sells and vice versa.
There is obviously a way open for those in the know to avoid having a dealing unrecorded by them as otherwise we wouldn’t get the situation this morning where buys outnumbered the sells ( according to LSE) yet the shares fell by 10%.
My take on this is that N and G are manipulating the price by selling in order that the next conversions are as cheap as possible. This will all end at the end of this month.

Anyone like a bet that the 1.3m sale at 1.30pm wasn’t by N and G?

As far as the sp is concerned I do not see the point in a media campaign before the end of June. Until then N and G can manipulate the sp to suit the price of each tranche of CLNs. .

Keithl. Totally unpredictable until the end of CLNs in Q2 when it is a near certainty that there will be a steady rise. Until then N and G call the shots and could bring the sp tumbling down to their advantage. On the other hand the financial press might at last see the merits of this company and post a speculative buy and the sp could jump up further.

In the Glassdoor job advert Napster was quoted as having a $25m -$50 m revenue.
Some on this site still do not realise that N and G control the sp and until the CLNs are completed the sp is quite untalented to the true value.

In the glassdoor job advert Napster revenue was quoted as $25m -$50m. Some on this board still do not realise that N and G can control the sp. to their advantage so it does not reflect its true valuation.

Although I am unaware that N & G are manipulating the market, it would be a quite legitimate for them to do so to enhance their holding.
Suppose, when the next CLN of £2.15m is due, that the sp is 2.4p they would be allocated at the discounted price of 2.232p and receive 96,326,165 shares.
In the week preceding the CLN they sell 1m shares each day. The market is presently so weak that they would cause the shares to drift lower to perhaps 2.1p. They would then be allocated at the discount price of 1.953p and receive 110,087,046 shares.
Having sold 5 million shares and received about £110,000 they would also have 13,760,881 more shares diluting the LTHs even more.
This exercise could be carried out three times in the future and, until all the CLNs are fulfilled , keeping the sp drifting lower for two more months.
I have no evidence that this is happening but am suspicious.

It would be nice to know if there is any restriction imposed on N and G selling the shares acquired via the CLN s. If not, N and G have total control of the market. They can sell tranches of 1m or, any amount that is necessary, from the last conversion ( which were bought at 7% discount) to make the next conversion at the same sp or lower. There are certainly not enough buyers around to prevent this. But there could be.
The bod should show some confidence in their company by buying and manipulate the market in the reverse direction.
Until they do there is no hope of any significant increase in the sp until the end of June however ridiculously cheap they seem to be.

Whilst N and G have us over a barrel and are able, to their advantage, lower the sp at will (there is an insufficient demand for the shares to match their million tranches of sales) it will eventually come to an end.
At this point the market capital will seem ridiculous for the potential future prospects of the company and, at long last, the financial press and some fund managers will become involved.
I doubt that few on this board anticipate the shares not being >3p at Christmas I.e. a 25% increase as a minimum. Not many shares have this potential.
Why then, bale out now and assist in the machinations of N. And G.?

My biggest worry is that neither Gore (who has options to buy around 5 times this sp) nor the directors are not filling their boots at this price..

LSE have run out of blue ink again and is showing everything in red including my £2020 purchase.

Thank you Raz0r. How pleasant it was to read a worthwhile contribution to this board instead of the usual egotistical rants.

Tones 77777 started this thread but he/she and those who followed have all missed one crucial point. In order for any significant rise in price there must but a significant number of new investors. Where are they coming from? Few know of the existence of Melody/Napster.Has anyone seen it mentioned ( let alone tipped) in the National press or financial magazines?
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Like most on this board I am eagerly awaiting Press coverage which is positive and bringing in new investors. Unfortunately, Sikitie, that from the US is not helpful. I refer you to simplywall.st

New Ticker could not be more appropriate

AJ Bell. Immediate when you do it yourself.