RE: Building NAPSTER on ALGORAND9 Feb 2023 17:35
afternoon offler.hope you are well.the consideration for the napster shares has 4 elements.the first is the cash payment we have already had. there are two further cash payments due after the 31st march.both are very small and will be subject to some form of contingent clawback dependent on the final napster figures,so they could be pretty negligible.the final element is the allocation of napster tokens which will be issued to former napster shareholders on a pro rata basis,provided the tokens are issued by the 31st may. we can only speculate as to the likely value and whether we will be able to realise anything from them (apparently they are going to be tailor made for use on the new napster platform and associate operations). if the tokens are not issued by the 31st we will get a cash payment instead. i think the cash payment is quite likely to be of the same order as the first payment,but i'm saying this based on my recollection of when i last looked into it and i don't think we have ever been given any figures, so could be wrong,we have been told that if the tokens are issued by the 31st there will be no cash alternative available. i expect you will collect this from previous discussions. as all the old napster shares have been acquired by the algorand consortium,you are correct in saying that we no longer have any shares in napster as such, just the entitlement to the consideration outlined. hope this helps.