Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Reread the post b4 you trash it, said a couple of people 500k not each. The shows a month is documented in a video clip on the web, do your research. Have they launched the app in China, lots of spend on apps at mo cause in lock down. It comes down to this whatever your opinion, will they become a self sustaining business before the cash runs out. Let’s hope so.
https://evrholdings.com/wp-content/uploads/2019/06/EVR-Holdings-Plc-Statutory-Accounts-2018.pdf
PAGE 26
Keep dissing me. First Brexit, leaving the EU, how will that affect music rights in Europe? Trade deal with US, similar questions. What happens if we fall back to WTO? The answers are unknown and if you get it wrong could cost a fortune. Therefore I don’t see much happening until that’s resolved. UK stocks are undervalued because of the same reasons. There’s a few things they could do launch on PS5, launch a cardboard headset, launch on US teleco, launch subscription, launch a theatre show, cover a sold out concert until year end and keep the momentum going. I’m not saying sell up, but unless something major happens soon the cash reserves will have disappeared. Remember when one of the directors said something along the lines of they’re launching 10 - 15 shows a month. There was all that coming soon and so on. We’ll see what happens..
I read the same sort of stuff 20 years ago during the dawn of the internet and hundreds of tech companies fell by the wayside. You could be here 3 years waiting for the share price to quadruple while shares like Tesla have quadrupled in the last few months and are forecast to go up tenfold in the next 4 years. Don’t compare to Spotify, millions of songs already existed when they came along. I don’t dispute the concept is great but unless something mind blowing happens the shorters will keep shaking the tree. You tell me what’s going to change in the next 12 months? I reckon they’ll be a share consolidation 10 for 1 and then another fund raise.
When they moved premises was it not a short term lease? Put it this way. Say they have 10 million left and a couple of people are getting 500k a year basic. What notice period are they on? If they sell the buyer can’t buy money so that 10 million would go back to shareholders. Yet when they did the fund raise maybe it was stipulated they can’t do that. So what do they do they carry on getting paid 500k, burn through that 10 million and have a buyer lined up for when that ten million has all gone.
Advertising revenue works wonders, just look at google. You can also look back at the dot com boom and find a graveyard full of tech companies. It’s not rocket science but unless you convince the market repeated fund raises at a premium will just see the share price shorted back down unfortunately and I guess you’re here to make money. I’ve not got a crystal ball but I reckon just one advert on their app would go down exceptionally well.
TBB I was in at the point of hundreds of artists, PlayStation VR launch, live gigs etc etc that were coming soon. At some point you say enough is enough. Yes I bought shopify and others, my point is that there are other companies out there. The info regarding capital expenditure and capital reserves is in the public domain, you just need to read the financial statements. I think the company has massive potential they just need to make it happen.
I have sold up, bought other shares and tripled my money, made up for stonking losses on this share. Unless they start making a profit pretty dam quick it’s curtains.
All that time and money filming 4 artists and then selling each recording for £1.99 when they could have recorded a whole gig in one go selling multiple songs for £1.99. I guess they’ll be in a dilemma soon when they get down to less than 5 million £. In my opinion soon the discovery of the month will be that they’ve gone bust or sold up to YouTube.
In my opinion the fortunes of the company balance on whether they get a US telecoms company onboard. Be interested to know what they’ve done over the last 3 days. Also why are some shows like Kiss and The Who 12.99 on the iPhone app?
Maybe if the top two took sabbaticals that would save half a million..
To see what MVR actually do this year that is going to generate cash. I’m impressed how they got the mobile app up and running so quickly and signed up with O2. They need to capitalise on those mobile apps with an American telecoms operator asap. And they need to do some sort of football Or Wimbledon VR live broadcast to generate massive interest in the app.
There was a video of the MVR viewer months ago, it was grey and in a white box with the red MVR logo on it. I think when the subscription launches one option will be able to buy a viewer for ten or twenty quid.
Why didn’t they launch the app lite in the UK in 2016??? Why has it taken 3 years???
Does the latest a la carte O2 deal include Germany because they know all about MVR it would seem...
Meanwhile back in 2016
https://completemusicupdate.com/article/melodyvr-teams-up-with-telefonica-in-germany/
about the boohoo group is how everything seems to run like precision clockwork. The logistics in terms of advertising, ordering, staff, stocking, delivery must be immense yet everything is neatly handled. This is what I find so impressive. On this trajectory I wonder how long it would take to get to one hundred pound a share? 20 years? Surely the rate of growth is going to accelerate.