RE: Melody VR3 Apr 2019 17:58
Again.. i'll try and be slow for those on here that can't keep up and spell it out for you (and you'll note that the prices has NOT ticked up since I wrote):
1. Melody DO NOT have any exclusive deals with record companies.. anyone else can come and do what Melody does - nothing stopping Warner or others showing their content with other startups. The only exclusive partnerships are with NEC and Alexandra... and they still haven't shown holders what that means.. i.e. zero live performances with those partners
2. Melody have no IP (they haven't created the camera equipment or the technology) with them outsourcing the recording
3. This so called FB partnership is the only thing holders are clinging onto. If that wasn't there, most would sell and this would be at 1p
4. THIS WONT GET BOUGHT based on the above.
5. STILL no indication of revenue generation - so are we anywhere near the investec research report... hardly
6. They will need to raise next year and if its still at this price, the raise will be a lot lower and nothing like what they raised at higher levels = more deep discounts and warrants etc
7. Nothing to show for Microsoft partnership (wasted) - after the FB event they need to raise on other platforms which for some reason they won't because... ???
8. Still only 8 countries they're live? What happened to global expansion from last raise?
9. 80 people and counting as hires... that's a massive cash burn... no way they can keep that up
10. No one that has bought this is making money right now or in profit, unless they bought at 1/2p. If you're in, you'll be smart with stop losses which means when the news continues to be sh*t this a momentum stock that only goes lower.
NOW someone please provide me 10 positives... you'll be lucky to get 5.