Member Info for The.Italian

sorry for banging on a bit about fum.what does it tell us if anything about fortacin's position.the main thing i think is that if the partner/licensee is not reasonably high profile,the market reaction,in the absence of very positive detailed figures,is going to be muted.when i read funs news,my first step was to look at the commercialisation's partners website and its current products.like some others posted I've never heard of any of them i asked mrs italian if she had(and she is very interested in health products and actually has a very considerable level of knowledge about them)and she hadn't heard of any of them either,so i wasn't expecting a great market reaction.im hopeful of a much more high profile partner for fortacin, as the market research reports (even with a pinch of salt) were really quite encouraging. if we get a decent partner we should do well .fingers crossed as always.

morning bignose.yes i was looking at the fum situation very much from the perspective of what insight it might give re fortacin.i have only retained a very small holding in fum(took profits on the CEmark spike) as interested to see how it plays out.my gut feeling is if you have good figures you give some indication of them. surely any seriously interested party is going want to see figures before taking things too far.when i sold my business a number years ago,the level of detail the buyer went into and which had to be disclosed at an early stage in negotiations was very exacting.so im a little sceptical of the commercial confidentiality line.my strategy(don't laugh,im entitled to a strategy now and then) is,subject to any news in the meantime, to buy a bit more fum at end of august,just before the fda trial results.bit binary i know,but i think the results will be ok,and am slightly encouraged by the real world trial aspect of yesterdays news.obviously the fda trial,which is over 6 month,is to determine if the 3 months results are replicated over the longer period,so there is a risk,but if results are ok i expect funs s/p to increase significantly from its present level.tbc

whilst i appreciate the need for confidentiality in relation to commercially sensitive information,i do have to agree with those suggesting that the complete lack of detail makes it impossible to put any value on today's deal.i wasn't too bothered with the previous deal,which were very much the hors d'ouvres,but today was one of the main courses we were all looking forward to. listened to the proactive interview earlier and although i wasn't expecting much from the katie pilbeam style of incisive interviewing , i was a bit disappointed at no elaboration at all.i was hoping we might have had clarification as to whether there are upfront payments (plural as per the introductory narrative) or a single payment (as per the fuller version later on. which is it? also a little wary of milestone payments, as the hurdles tend to be set pretty high. no mention of royalties, so presumably we get manufacturing costs etc plus a margin for profit?thoughts anyone? was expecting more from this news tbh. perhaps delayed reaction and better tomorrow.

interesting post trousers, thank you.looking at the recent news announcements re algorand, it seems they are becoming involved in several areas and, so far as i can tell, seem well placed to weather the current storm.just speculating of course.the problem we may have here, is that it appears algorand are actually going to issue a new coin/token, a napster token. i assume it will be tied in in someway to the platform when launched ,but just guessing.the idea seems,based on the media comments, to be something which is going to be geared to trading in NFTs. could be completely wrong of course. so we are not going to be buying them in the normal way,but rather we are being (in principle,)allocated a percentage of the new issue when and if, launched.as i say in the below post to albert,im sceptical of the chances of getting any and expect to have to settle for cash instead.my gut feeling is that this is going to feel unfortunate in hindsight, as i agree with you that the timing of the launch (next march inprincilple )is quite likely to prove to be a felicitous time to be re-entering the crypto/NFT market. total speculation of course.

afternoon albert.sitting overlooking the solent sounds very appealing.hope you made the most of the weather.well there my still be some more twists in the road on this one. tbh though ,im not particularly optimistic on our chances of getting any crypto. platforms like HL and II simply aren't geared up (or indeed permitted by regulators)to deal with it,or so believe. i know they have said they are looking into options,but i imagine they are going to want to deal with things in the simplest, least inconvenient way ,they can,as there is presumably no money in this for them.hope im wrong as it would be interesting to dabble in the crypto aspect.we will have to see.

wouldn't disagree with any of that offler. good luck.

well thats the question (or one of them). there was a great deal of overly optimistic talk about the value of the recorded music library for example,when it was pretty obvious that its value was diminishing over time and was not being utilised in any real sense.personally i think mvr ws brought down by a combination of, first, circumstances and second, incompetence and /or very poor advice. things were going ok until covid blew the basic concept out of the water.no concerts to record.not MVR's fault.i was very disappointed when they acquired napster as my initial reaction to the deal terms was that they were awful and very ill judged.i simply do not understand how they decided, or were advised to agree to a deal where the potential liabilities of Napster were not precisely quantified and to agree terms whereby the number of shares to be issued in consideration was geared to MVR's share price, but with no lower limit to cap the potential dilution.madness imo. they then compounded the folly with the Nice and green deal,when it must have been obvious that it was just death spiral finance dressed up a bit. now im not suggesting it's easy to run a business (it's not) but you need to have competent professional advisors and be prepared to listen to them. ive no idea of course as to what actually went on,but my suspicions are that there was poor advice and perhaps pandering to the vanity project mentality,seduced by the nester name. but then all my best investments have been made with the aid of hindsight! lol.will be interesting to see whether any of the tech,library or other mvr assets actually reappear in any way in the new incarnation.and don't forget napster has quite impressive credentials as a service provider,e.g. sonos,bmw.

all a bit odd highland.as you can see from my copy and paste of HL's message they didn't mention the additional payments either. i therefore emailed them yesterday with the details supplied by albert from II and have asked them to confirm the detail.i will let the board know when i get a reply.personally would have preferred to receive a full copy of whatever communications they have had rather than a precis and i may press for this in due course.

nothing exciting.just posting it out of interest https://wcsecure.weblink.com.au/pdf/DVP/02523332.pdf

very interesting albert thanks. the cash side seems fairly straightforward.the "napster token"aspect is intriguing.will have to wait and see if it is an option that can be made available to us.

evening albert.well it's giving me something to do in my old age lol. as someone who struggles with even basic computer skills, the prospect of possible crypto involvement invokes no small degree of trepidation.anyway lets see what unfolds.at least we are startingto get some more information.

offler thanks for that. what we don't now yet is whether those of us on HL(and no doubt similar platforms)will ever get the crypto option,or will simply be compelled to take the cash alternative as the only way that they can deal with it.still t least they say they' re exploring options.time will tell.yes I've been following algorand's progress( perhaps not quite the right description!),but it does sound as though a new form of coin or currency is being proposed,so we may have to look at valuations de novo at the time(if of course that option is available).gla

of tangential interest perhapshttps://decrypt.co/100704/universal-music-group-nfts-limewire-algorand-marketplace

thats my thinking also NT.definitely better than having sold on aim. need to give it a bit more thought ,but if there are any viable alternatives to the algo cash element,i would want HL to leave them open until i have had a chance to consider them. there may be no alternative to the cash payment of course and im sure if there is any decision to be made by the individual shareholders HL would tell us before doing anything.i will probably just make this wish clear to them in the next day or two.i know nothing about cryptos and doubt i could take them in that form even if available,but depending on the terms being offered it is just possible that the bulk of the consideration might in practice reside in the crypto element.just musing aloud in the absence of more detail.

Napster Group plc – Update on NM Inc

We wrote to you in December 2021 about Napster Group plc selling its main business to a new US based company called NM Inc (Napster Music Inc). As a result, you were due 1 NM Inc share for every 1 Napster Group plc share held at the close of business on 27 January 2022.

You continue to hold your original Napster Group shares, but the shares have been delisted from the AIM and the company has negligible assets.

NM Inc has since been subject to a successful takeover bid by Algorand Holdco I Inc.

Algorand Holdco I Inc is purchasing your NM Inc shares for a mixture of cash and cryptocurrency. Holders will receive:

USD6.07 per NM Inc share, and
A crypto currency payment. This payment will not be made until the relevant cryptocurrency launches. If the cryptocurrency has not launched by 31 March 2023 then a cash payment will be made in its place.*

*HL is not able to facilitate the payment of cryptocurrency. We are in talks with NM Inc about the alternative options available to our clients.

We’re still awaiting payment of the USD6.07 cash element - we’re sorry this is taking longer than anticipated. We’re working with SRS Acquiom, the agent facilitating the payment, to ensure it is concluded as quickly as possible. We’ll write to you again when we have a meaningful update on our progress.

Once received, the payment will be converted into sterling before being credited to your HL account. The conversion will be based on the exchange rate at the time and our standard currency conversion fees.

We apologise for the delay and appreciate your patience with this matter. If you have any questions please contact us.

Yours sincerely

Ellie Nethercott
Ellie Nethercott
Corporate Actions
here is the full response from HL just received.need a bit of time to digest

agreed offler.the consideration is key.bizarrely i still haven't heard from HL as to whether they have had any response from sslraquiom, although it is 3 weeks now since they said they were contacting them.glad your nephew has found a route to follow his career. i used to know a number pf people whose children pursued tennis careers through the US college system and they all spoke very highly of it (pretty tough regime though i believe and probably the same for football i expect).will probably email HL tomorrow to see what is happening.

well i do agree with that!

did they work for the SFO?

hello harry.glad some of it helped.does the documentation give any intelligible indication of what the consideration for the shares actually is? can't believe they have the temerity to ask for a transfer fee.thanks for the update.

still worth asking the question ,Offler,thanks.

don't hold your breath,offler.