Member Info for The_Modeller

Dear king of keighley,

FYI: The company was formed by Scmuel Geller and Tamir Berler in 2001.

https://www.marketwatch.com/investing/stock/evrh?countrycode=uk

The further we drift from the truth the most we dislike those who speak it.

Best wishes,

TM

Petebo,

There is a fundamental difference between Spotify and EVRH. Spotify is plainly a GROWTH company and EVRH with its lamentably small social media numbers and <100k downloads on Google Play Store is not. By way of further comparison EVRH was formed five years before Spotify.

No need to respond, just relax in your Spiderman pyjamas.

- TM.

A1EX - the only thing giant about this company are the egos and the OpEx with a cash burn of ~£1m a month, for revenues of £128k in H1 2019. Lifestyle Co?

Puddin1066 - even A1EX now appears to accept they could be back in the 3s ...

Petebo,

You've been pricking at my conscience, apologies for the tardy reply. To be candid I have not seen any of Melody's 2019 Wireless Festival content.

I note on the Wireless Festival website that they are planning to host their 2020 event in Finsbury Park and VIP tickets are currently available. I failed to see any MelodyVR branding on their homepage which would appear to be a schoolgirl error on the part of EVRH's CMO.

I hope this answers your questions.

Best wishes,
TM

Some comments …

1. The music licences alone are worth over 25p IMO.

- How can you ascribe a value of >£400m to licences which, based on the interim results only generated revenues of £128k.

2. Warner and Sony are investors with options at 15p

- Noted.

3. John Gore billionaire invested £5m and formed joint venture to stream theatre and has invested as 15p he controls Broadway

- JGB's investment decision is entirely rational, they want to sweat their assets i.e. selling Broadway content to MelodyVR.

4. Netflix paid $25m to stream Bruce Springsteen concert from broadway... Look what we have access to..... Serious revenue upcoming. Musicians and artists make their chunk via performances. Without attended concerts, this is now their only real source of decent revenue for the year and beyond until social / public gatherings are reinstated and permitted. And then there’s the planning and infrastructure... VR gigs will dominate 2020....

- To be clear ~$20m was paid to the artiste and not specifically for the VR streaming rights.

5. US funds have invested significant sums and at a strategic level .. Like Davis Capital LC...

- For a fund that is worth ~$1.3B, an acquisition of 10.68% in a ~£110m company is not a significant a sum.

6. Melody meet with FB and are so familiar with him they refer to him as Mark in RNS 7 melody vr have a viewer coming to market

- I am unaware there has been any announcement that FB have renewed the licensing agreement with MelodyVR that expired earlier this month.

8 live venues in london la and new York yet to be announced ... we know details are fourthcoming, perhaps we hear today!!!??? We know news is coming.

- Still TBC.

9 huge revenue potential through 2020 due to national and international lockdowns and restrictions on mass public gatherings.

- Lockdown has been a unique opportunity that MelodyVR has to date failed to really exploit. The commentariat see the lockdown restrictions as being relaxed very soon and with it MelodyVR will have appreciably more competition for consumers’ leisure-spend.

10. Brands can advertise and reach huge audiences and can quantify exactly how many see their adds

- This applies to all outlets.

11. Cashed up

- Noted.

12 . melody said 2020 will be bigger. Is this the start, commercial SP movement is suggesting...

- We await the numbers.

13 huge user reach viral marketing

- This is not unique to MelodyVR

14 largest vr music library –

- Noted.

15 voted by Apple as app of the day and google as a rising star - both have previously bought their nominees.

- Noted – but also not bought nominees.

16 Apple are moving into Vr Apple do music

- Apple with its purchase of NEXTVR for ~£80m will be MelodyVR’s direct competitor.

17 nasdaq could be on the cards - Given strong American investment and shareholding’s could be a given we have a placing on that huge US Market!

- TBA!

18 billion dollar company? I think so...

- Based on the revenue of £128k in the interims this is a risible suggestion,

19 telco signed up - Awaiting news of a possible US contract....

- Given the current poor revenues / interest, why would another TelCo sign up?

20 Nikki lambert CMO... she monitored Spotify...tied up their via subscription model very possible given her links and melody have said subscription coming

- By way of example MelodyVR has < 100k downloads on Google Play Store where’s the meaningful interest that’s been generated?

21 02 have 25m U.K. users / tv advert now

- Given the poor interest why would O2 consider extending their agreement?

22 melody said more telcos to come.... US telco will happen no doubt ... guaranteed revenue in the millions in the US.

- As above.

A1EX - your suggestion that Melody’s agreements, which only yesterday you ascribed a value of > $.5B to, may not be sufficient to cover a limited streaming event is far more damaging to investor confidence.

Petebo - I think this is a separate matter so your ‘accuracy’ point may not be extinguished.

A1EX,

Perhaps my point was too nuanced. EVRH have singularly failed to exploit lockdown as a unique opportunity to increase their brand awareness.

When lockdown is relaxed the consumer will have appreciably more options for their leisure spend.

I really don't have anything further to add.

- TM

As RestLess notes, Live Streaming with a carousel of artistes and a show-level production team would not appear to be compliant with Public Health England's guidance. With the lock down restrictions set to be relaxed, EVRH have a very small window to find a work around, thereafter their audience will be the agoraphobics.

The strength of the licences will largely be based on the termination provisions for the counter parties.

My view is that the tech will drive the content: further to Apple's acquisition of NextVR, Apple will naturally preload it's "AppleVR" to every phone (circa 900 million in use).

I simply struggle with your assertion that Melody , without any of NEXTVR's 40 AR/VR patents is worth 14 x the circa £80m Apple paid for NEXTVR.

65p - that's a forecast valuation of ~$1.4B based on interims of £128k revenue and a post-tax loss of > £7.1 million ^

Good morning A1EX,

Thank you for your weekend commentary. On your first point , can you please provide some narrative on how you ascribe a value of > $.5B to the agreements MelodyVR has with its content providers?

Best wishes,
TM

Self evidently, you do.

Dillinger,

MelodyVR's Google Play Store download numbers are <100k which is the same as NextVR's.

Apple's recent ~£80mm acquistion of NextVR was largely attributable to its IP, as holder of >40 AR/VR patents.

- TM

Gaga's benefit to be live streamed on Facebook - EVRH's reference to Facebook's CEO in August's RNS as 'Mark' now looks more toe-curlingly embarrassing than ever.

No investor precludes insolvency.

1. There remains uncertainty as to whether Facebook will renew its current Content Licensing Agreement with EVRH.

2. Apple looks set to acquire NextVR for c.£80m including the intellectual property of >40 AR/VR patents .

Ergo, Apple is likely to be EVRH's direct competitor, any suggestion that this improves EVRH's hand is absolutely risible.

In summary:

- The company is working from home;
- 191 schools are using its careers platform;
- they continue to work with a hardware supplier; and
- the CEO insightfully asserts that, "the US is the largest EdTech market globally".

Underwhelming.

Given the interims of c.£128k revenue and a post-tax loss of > £7.1 million one would not describe today's RNS as unexpected.