Member Info for RBBe

Unfortunately you are flogging a dead horse. There are few who post on this site who have any sense of investing. Most are expecting a significant bounce in the sp, the reason never being given. Others wonder why it drifts down each day. I posted a week or so ago showing a cash burn of approx £5 - £6m/year. From the accounts I see it is a bit over £6m. The cash in hand will allow this to continue for less than 2 years when EVRH would go bust or come back to the market for more money. This, of course, assumes lttle revenue and in my earlier post I pointed out that every £1 earned has to be shared 3 or 4 ways. Consequently, if EVRH sticks with Melody as the only earner, it will not be easy to make up the losses within the next 3 years. This is, therefore, a share for the long term with little incentive, at this stage, for the average investor to rush into making a share purchase and the impatient will sell. Hence the drift downwards. But, if you are a firm believer in the concept and that the demand will be ‘massive’ (as many put it) then the shares could climb to 20p within 4 years. They would be a very good buy at today’s price. Not many shares double in value in 4 years. It will be interesting to see what Shares magazine recommends tomorrow.

Sport on 3d TV was fantastic. Although you could watch it at home or in the pub with your mates, it didn’t take off because you had to wear a pair of spectacles costing about 5p.

This is my assessment of the financial state of EVRH. Per year: Wages £2.5m (will be pretty close) All other costs £2.5m (a wild guess) To break even: All revenue split 3 ways artists/platforms/Melody Therefore revenue of £15m needed i.e. £300K/week (For every million error in my estimated cost plus/minus £150k/week) To pay a dividend of 1p per share £15m plus £11.58m (times 3) giving a revenue needed of half a million pounds. At £5 a hit this needs 100,000 hits a week. Yet there are still deluded people on this site expecting the sp to rise by ridiculous amounts – “it will be 15p next week” and “20p by Christmas.” An investment is reckoned to be good if it rises by 5% a year. Therefore in 5 or 6 years time and, if these numbers are met and the price is 30% higher than it is now, (i.e. about 15p) it will have been a good investment for today’s buyers. What is the reasoning behind those on this site expecting the sp to almost double by Christmas? If Everything Virtual Reality Holdings continues to put all its eggs in one basket (Melody) then we are in for a long wait. They have the expertise to diversify into all the other fields of VR that purchasers of headsets expect. The main question to ask at the AGM is what and when. If it is soon then the 20p by Christmas 2020 is feasible.

The notice of the AGM posted on 24th May to all shareholders has not been received by me or my broker. Consequently I am denied a vote on any of the resolutions. Has everybody else on this site. received this info? As I live miles away I am unable to attend. I am relying on somebody here giving details of the meeting. Questions that I would like answering are 1. Do you agree with the Investor Chronicle assessment that you will be loss making for the next three years? 2. The name of the company is Everything Virtual Reality Holdings. What other avenues are you exploring other than pop music?

Agree with Axelrod, having baled out at 16.4p but keeping a few just in case. I am not in total agreement, however, with his conclusion. When news of the revenue stream comes through this will have to be way above my present expectation before considering buying any more. Not everyone will have heard of Deezer, which (why I do not know) are trying to compete with Spotify and, without the expense of cameras, have grown to generate a sum of �300 million in the last year. But how much profit? None. Their account shows a loss of �60m! This is a very crowded market and not everyone at home finds it necessary to see the artists to enjoy their music. The opportunity to see in VR concerts is, of course, their big selling point, not the library that they hold. I have never doubted the quality of the product and the wonderment of the experience but I have never believed that the revenue would ever justify the, then, inflated sp. If Melody diversified and used the talents they have in other fields then this could be a goer. Just imagine if they went with their cameras to all the best holiday locations. You could then lie under a sun lamp with your pina colada or four pack and save all the trouble of travelling, and all for a few pounds! For the serious investor, the fact that �Ant and Dec� hold half the shares of the company is very off putting. It is their baby and they can do exactly what they want to do and hold up two fingers to every minor shareholder. Re the AGM, my broker always sends a notice for which I have various options re voting. Pretty pointless with EVRH as the directors could award themselves �1m pay rise and this would be carried as there couldnt be enough votes to oppose it. Anyway, I have heard nothing from EVRH to date and am unsure of their required legal obligation to do this. Instead of the sycophants from this site attending, I hope those with constructive ideas on how to run a public company turn up and make their views known.

7 digital has signed a deal with Powerchord to provide concertgoers with instant downloads of performances and power wearable technology for live interaction - Telegraph. Are they competitors?

I know very little about the pop industry but have investment experience spanning well over 60 years. If I believe there is mileage in a company I will invest not, in this case, because I want to listen to pop music with a 17oz gadget strapped to my head any more than to use fertiliser made by Harvest Minerals or drink tonic water from Fevertree. As such I have no sentimentality about any company and buy and sell accordingly. In previous posts, I have been ridiculed for expressing my opinion, that, at this stage of its development EVRH was overvaslued and suggesting15p for the price after launch. Consequently I sold soon after this took place, when the price stalled, and the steady fall since has come as no surprise. I admit I was spooked by the placing. I have been waiting to read what the financial press have to say but the trade magazines and the analysts in the main stream press have completely ignored it as have UK Tech investment trust managers. All are, no doubt, waiting for news of the revenue being generated. Those on this site who say revenue doesnt matter are deluding themselves as it is the yardstick for determining user numbers and, thereby, company worth. Until this is known shareholders are in no mans land � no reason to either buy or sell but I will stick to my speculative 15p being achieved in the next 12 months. Meanwhile, to assuage my ignorance, could someone pse inform me how the library differs from Spotify/video/DVD/CD/tape etc which already exist for these artists?

Following the placement of 125,000,000 shares, the CEO and COO each sold 15,625,000 shares. This seems to me that this did not indicate confidence that the shares were going to go higher than 16p (the placing price) any time soon. These were private sales pursuant to the placing. To show faith, in small companies, directors buy shares rather than sell them. Why are they not buying back, in perhaps tranches of 1m at a time, at the current price? This would instil confidence and the price would gradually climb to the gratification of all us shareholders and in particular the Investment managers who appear to have paid over the odds in the placing.

SHARE magazine today gives EVRH a positive mention which may help to end the slide: Facebook really wants people to give VR a try, so its launched a second headset that will cost half the price of its original Oculus Rift. (bit about cost) This is a big deal for UK-based start-ups EVRH and VR Education. Their respective rock concerts and Apollo 11 monn landing apps both come pre-installed on GO headsets. But VR sales have not lived up to early hype, at least not so far. Just 700,000 Oculus Rift�s were shipped last year according to Trendforce data, about 19% of all VR shipments. More than 1.4bn smartphones were sold worldwide in 2017. Still, one analyst reckons 1.8m Oculus Go sets could sell in 2018.

If Oppenheimer had not bought 11m shares today what would the sp be tonight?

With the prospect of receiving another tirade of abuse from the flat earth posters who believe this is the appropriate place for pop music lovers rather than those with financial acumen, I will offer my thoughts on the price movement in the coming few days. One of the main contributors to movement are the share tipsters in the financial press. Not only do they put their reputation on the line after analysing a companies prospects, they introduce the company to a much larger audience. So far, the two main sources, Investors Chronicle and Shares magazine have kept their powder dry but I expect both to be commenting this week. At this stage it is pure speculation on each of us as to which category EVRH will fall. Strong Buy , Buy, Speculative Buy, Hold, Sell, Avoid. Whichever you believe you must not be complacent. If it is in the positive end of the spectrum then some of the hype on this site can be believed so sell other shares that you hold and pile in a.s.a.p. Even if you believe in the long term future for EVRH and the advice is SELL do just that. If you act quickly enough you will be able to buy them back within a few days and then hold a significant amount more for the same outlay. Another strategy, for the cautious investor who is a wee bit doubtful but is showing a good profit to date, is to recover the original investment by selling shares prior to the event (such as tomorrow) and then take the appropriate action as above. I regret that I remain sceptical and believe for the company, at this stage, the market cap is much too high and believe that is what the commentators will say. It is impossible to judge the revenue that EVRH will garner in the next year but am encouraged by the indication that they are going to use their expertise to venture into other fields. To listen to pop music I do not see why it is necessary to sit behind the drummer or follow the star to the dressing room and to do so having to wear the antisocial headgear. The future of VR is, I believe, in the visual field rather than the aural.

Holding 500K shares, I played the devil�s advocate on this site ridiculing the wild expectations of most, hoping that I was wrong and these super optimists were right. Unfortunately, my last post a week ago stating t6hat there were going to be a lot of disappointment on the launch of the app was correct. Every time I posted there were rebuffs telling me I was an idiot and to stop posting my stupid comments. I notice most of these are now keeping a low profile but some are still expecting a miracle. I have never doubted the quality of the product. Well, holding more shares than most who post here, it gives me no pleasure in saying I was not wrong. I am now going to be stupid again and say that that unless there is a buy recommendation in either Shares magazine or Investors Chronicle next week the shares are unlikely to shift much from their present level until Melody give us a progress report and I can�t see that coming any time soon. Three linked things that determine share movements are company announcements, trust managers activity and financial analysis and recommendations in trade magazines and newspapers. Melody will not know the take-up for many months, the trust managers have had their fill and regrettably, I have to say that I will be very surprised if Shares or IC will suggest a buy at this stage.

Headline in The Telegraph today. Buy this 'big fast data' firm: it's one of the UK's few technology leaders

No. Raise due to buy tip by Questor in Telegraph.

Huge rise due to Questor in Telegraph

Very encouraging comments in Telegraph today