Member Info for RBBe

Unfortunately, those older investors have never heard of Melody. The younger ones will be strapped for cash and more interested in content than shares.

Report in Telegraph
16.9m
Value of One Media IP on London’s Alternative Investment Market, after its shares closed 1.3pc higher yesterday
The record label giant has joined forces with Big Hit Entertainment, Kiswe and YG Entertainment to grow the streaming service VenewLive.
The move means artists from Universal and YG will feature on the platform, which offers interactive features such as multi-view cameras, 4K resolution and live chat.
Boyd Muir, Universal Music’s chief financial officer, said: “This past year has shown that the need for reliable and innovative live-streaming has never been greater.
“VenewLive offers some of the most creative and memorable opportunities for today’s artists to globalise their art and performances, tailored to enhance the community and fan experience.”

Napster to join AIM on Feb 26. Could someone explain? I thought we owned Napster and we were changing our name to Napster Gp.

To join Nasdaq a company must pay a $25,000 application fee before its stock can even be considered for listing, and it can expect to pay between $150,000 and $295,000 in entry fees if successful.
A lot of costly legal work goes into setting up such an arrangement which results in the two companies being operationally one but legally separate.
Of course it could first be delisted from AIM (and we would then have a ‘lockdown period’ like the backend of 2020) but without the certainty of the Nasdaq listing - the whole purpose of which is to increase liquidity. This, however, could be achieved more cheaply by Niki Lambert issuing Press leases on a regular basis until one day Napster (ex Melody) might eventually get a write up here in the national press and in financial magazines. In spite of recent events, this, of course, has yet to happen.
I have tried, writing to these various sources with a detailed account of all the agreements in place. I have received cordial acknowledgements and one off putting ‘this company is too small to comment at this stage’. My one hope was that Questor of the Telegraph would recommend it for the IHT portfolio.
For serious investors, the main reason for investing in AIM shares is to reduce tax liability on death. If the share became listed on Nasdaq this 40% advantage would be lost and such investors would have to transfer out into other qualifiers. This could mean dumping 50m or more shares on the market all at once. What would the sp be then when so few serious investors have ever heard of them?

Scoured the business section and saw nothing. Found it in Arts and written by a journalist who obviously had never heard of MVR. Disappointing.

Over a quarter of a million have seen the LG performance free on You Tube.

To the majority of serious investors, not interested in pop music, this share is unknown. The only thing which is likely to jog it along will be for Investors Chronicle, Shares magazine, Questor or the like to recommend it as a speculative buy.

Ona number of occasions, and again this morning, my buy trade was shown as a sell.I had to sell Imimobile. to retain the IHT concession (taken over). I bought 636160 MVR at 3.75p. It shows in the red as a sell.

Daily Telegraph today:
Spotify, the world’s biggest streaming service, reported £1.6 billion revenues in the second quarter of 2020 from its140 million subscribers. The committee said the music streaming wings of companies such as Apple, Amazon and Google took more than £1 billion in the Uk yet artists were paid as little as 13 per cent of the income.

My comment: Surely this makes a strong case for remaining independent and cornering the market for music streaming.

I am an avid reader of everything posted here .With so many never bothering to change rhe subject heading, however, it becomrs impossible to follow threads. Could I ask for those posting to ensure that their post relates to theiir subject heading?

Albert P. Thanks. Makes sense re cost until you remember John Gore has open options to buy at 16p. He must have been in the know re Napster and would surely have gobbled up the whole of the rights at.a higher price than 3.6.

Dip57. I understand why the placing was necessary but why 3.6p? Something like 15% discount to the closing price that day. Surely the potential was seen at that time. What has changed since?

Could someone explain why, when the Napster reverse t.o. was announced, there was a placing set at 3.6p.

I'll kick off with a wild guess (and hope) as there has been insufficient nfo snce August to do otherwise. The MMs will be very wary at the onset with a huge spread. Here goes:. 7 - 10 , closng on day 1 at 9.5 - 9.8. A week later, after Press comments, 11 - 11,3.

Another financial adviser who is unaware of M V R. Has anybody contacted Ross Gerber?

Why isn’t this on the app?

The opening price is anyone's guess. To state the obvious, what happens next depends on the number bought and the numbers sold.
It is unlikely that any of the regulars on this site will rush to sell but some of those picking up shares at 3.5p in the placing will be short term and in for a quick profit.
Unless they are fans of pop music, very few new individuals will invest having never heard of MVR as it has never been taken seriously by the financial press.
Having, st some time, worked for the Times , I have sent emails to financial journalists and have always had courteous replies but not a word in support has appeared in print.
All believe that this is a niche market and put little value on the library ( borne out by last year's results). None can understand the need to see the performer when listening to music - even less in seeing him/her from different angles.
Those on this site are probably fully invested, therefore, all depends on the big hitters, the fund managers. Their involvement - in tens of millions of shares, would cause the price to rocket. To that end, nearer the time, i intend to e- mail a numbrr of tech fund managers to make them aware of MVR.
It would not surprise me if, shortly after MVR returns, a cosolidation of something like one for a hundred so they will no longer be regarded as a penny stock and be then eligible for seeking to be traded on Nasdaq (unfortunately losing IHT exemption status).
. Any suggestion of being a target for takeover should be rebuffed by those who believe in the management being able to grow the company at an exponential rate in the years ahead instead of being absorbed in a large conglomerate where it would again no longer qualify for IHT exemption.

Or Napsody

If it’s up to the MMs it will open 5p - 10p!

Anyone know who sets the re—entry price? The requirement is to publish a detailed pre-admission announcement (an admission document is not required)