Member Info for TribalHound

winners - and yet losers at the same time.
A bit like getting awarded 'Employee of the Month'

'suspended' you say - I managed to buy shares in the open market on 27th October & looking at the price movements / trading history there hasn't been any lack of activity on a day-by-day basis that warrants a suspension. Even if there isn't a great deal of volume. Although with Mxc owning 90% of the company now any volume would step from them selling as there's only a shade over 2m shares for the rest of us (including the BOD).
It would take a very small player to move the price upwards from here, unless Mxc have a massive sell wall to keep the price in check.

I think 'shenanigans' covered the debt issue. And I wonder how that recent selling came about?
From a more sensible 2p down to 1p means 50% more in equity in the deal for the same amount of cash, so it's only right that 20% gets 'written off'.
To a layman it looks like Mxc are being generous based on the micro economics of today's prices - but zoom out a little for the macro scale, and Mxc just got all that equity at better than bargain basement prices.
Provided this marks the end of Mcx lending for future debt to equity swaps we should be in the clear. But I have my doubts it ends here. Let's see where the next 12-18 months takes us.

So for the removal of all doubt, in case anyone is interested.
Yesterday IDE had 496,702,792 shares in circulation at 0.7 GBX & today after a 100:1 split that 'would' ordinarily mean 4,967,028 shares in circulation at 70 GBX.
However, after all the loan conversion shenanigans there will actually be 21,725,449 shares in circulation.

Or putting it bluntly - if you previously owned 1% of the company, you now only own less than a quarter of that.
Sure, the price has gone up & the value of your shares 'should' be the same monetarily, given the debt conversion. But I do wonder given the price was so low per share if this split is partly to reset the share price higher, disguise the dilution, and give the price further to fall without a layman noticing too much.
Driving the price lower (given the percentage shares Mxc holds) would be quite easy now, meaning their takeover could be priced attractively against a considerably deflated price from 70p.
Hopefully IDE won't approve any additional borrowings from Mxc that could be later converted to more equity. Given they own most of the company now, there should be some regulation to prevent that from happening - else it would just be giving them a licence to print their own money.
Once again, those cowboys of the AIM Wild West are rotting, tooting, & shooting.

Hi Peaky
Reading through the report they lump 'property, plant and equipment' together on multiple occasions. Current value IRO £7m. Not once do they list property alone as an asset held, so I guess we can deduce they don't own any property - just the length of lease held. As for exactly what is categorised under that heading, well, your guess is as good as mine. It doesn't include Stock, as that's listed at just over £16m (or putting it another way 72% of the companies mcap without considering the £16.5m cash.)
Realisation moment - just added more to my bags.

https://www.anglingdirect.co.uk/corporate/uploads/reports-accounts/annual-reports/Angling_Direct_Annual_Report_2022.pdf

Make that a £6m mcap Laddy....
I'm almost astounded there have been no director deals since March.
If I was on the board I'd be doing salary sacrifice at these prices. - still the longer it stays down, the longer I can DCA myself.

Somebody just picked up 3,124,119 shares for the princely sum of £26,817,437.50 in the dying seconds of the market today 858.4 / share.

Added to my long-term bag too - but not in anywhere near the same quantity.

52 week low & getting close to global pandemic lows - sure I might be catching a falling knife - but DCA until it breaks above £9 again seems like a sensible strategy for a dividend paying stock that has consecutively increased dividend growth all this millennium (including the pandemic years and financial crash).

Could be just Schroders on an exit pump to recoup some losses ?? ;)
IDGAF - I believe in this company and am exceptionally grateful I held back on the last share offer to have available cash for this opportunity.
Nearly back to break even, but then I've been slowly buying right from the very start.
All they need to do now is announce dividends off the back of all these new contract wins.
At current oil prices there will be a surge to electric vehicles powered by the wind, but who's going to maintain these???
Also worth considering NG. owns the entire Grid, so it doesn't matter where the electricity comes from - the Grid supplies almost everyone (except the Preppers and Eco warriors).

A great weekend ahead - let's keep the momentum going as the MCAP isn't even valued at a years Revenue.

A very sad day indeed.
I was once excited about the future of EVRH, MVR & then NAPS.
In the end I was just mildly pleased that I loaded up 10x the shares at 0.3 of a penny - to then cash out at 0.6 (a weird number to make my shares divisible by 750) in order to reduce some of the losses.
Since my broker won't hold the shares - I now hold a certificate in paper form that may just end up being used to light the fire one day.
Fingers crossed in a couple of years it won't come to that, but having ripped off investors in the UK, I can't see AM doing the same in US.
Fool me once AM - shame on you.... Fool me twice & we'll be coming for you :)
G/L everyone with skin still in the game -
To steal a line from someone in a similar situation "Gentlemen it's been a privilege playing with you."

By all you mean everyone except AM & the BoD. ;)
Seasons Greeting to you too Italian
ps - Looks like NAPS is having a lil exit pamp today.

My NAPS shares are in an ISA wrapper with Equiniti - there is a charge for the re-materialisation of shares into certificated form - but the charge is minimal compared to the guaranteed losses & charges if they market sell on 14th Jan.

So I did it......
Since my broker has informed they are unable to hold NM Inc shares post consolidation, and therefore informed they will market sell on 14th Jan (plus associated fees), I have elected to withdraw all Napster shares & have the share register updated with my individual details.
Not quite sure how much paperwork this will involve for the withdrawal, the consolidation, or the NASDAQ listing in 2023, but it sure beats the hell out of being 'auto sold' at what will likely be a ridiculous price that the MMs will dictate.

God bless everyone of you - and may we reap the benefits (eventually) at some point in the future or learn to cut losses early before thieving bar-steward Directors (AM & Co.) royally do us over in the future.

I will NEVER invest in another company that AM has even so much as mentioned again.

GLA

I'm fully aware of that..... but they're in my ISA right now - so I've got to get them sorted & out - as soon as possible after the "Shareholder approval at the General Meeting, expected to be held at 11.00 a.m. on 20 December 2021" is confirmed.
The good news is - my ISA is flexible and allows me to withdraw and deposit funds throughout the year - so Crapster shares out & cash back in to buy something else. ;) - I'm thinking The Trainline looks a good price

It all depends on how / where you trade....
If you're buying vast quantities of shares - sure you hold the certificates - but if you're trading inside an ISA portfolio you've built up over the years - then you at least need an execution only broker or bank that holds the shares inside the ISA wrapper for you.
Once you transfer out - then CG gets you !! :)

Cheers Italian - I'll get them transferred to me - then resume this mess sometime in 2023 - likely when they're further diluted, or I've recovered elsewhere - but you never know...... The power of some hopium v current losses has a strange draw to it.
Thankfully my largest AIM holdings are in profit far more than the shiesters at Napster have stolen.

Transferring to another broker is not really an option - there will be transfer fees + another broker will have ongoing admin charges (which I don't have with my current one - just flat, discounted trading fees)

Message from my Broker confirms delisting - and the fact they will AUTO SELL any remaining shares
Anyone know what options I have to retain ownership rather than bailing out at these stupid prices ???

DELISTING, SHARE CONSOLIDATION AND CAPITAL REDUCTION DEMERGER
The Board have announced the proposed disposal of Rhapsody (a subsidiary of the Company) to NM Inc for US$45.6 million.
The Disposal is subject to the fulfilment of conditions including Shareholder approval at the General Meeting, expected to be held at 11.00 a.m. on 20 December 2021.

DELISTING
All securities under Napster Group Plc will be cancelled from admission to trading on LSE.

CONSOLIDATION
Every 750 Existing Ordinary Shares will be consolidated into 1 New Ordinary Share of GBP7.50.

CAPITAL REDUCTION DEMERGER
NM Inc will issue one NM Inc Consideration Share for every one New Ordinary consolidated Share as at the Disposal Record
Time, expected to be 27 January 2022. The Consideration Shares will be restricted and not freely tradable until NM Inc lists
on Nasdaq. It is anticipated but not guaranteed that NM Inc will seek a listing on Nasdaq during the 1st half of 2023.
Assuming completion we will be unable to hold the resulting Napster Group PLC and new NM Inc Consideration shares
within our service, we will therefore arrange to sell any remaining shares held on 14 January 2021 on your behalf, if there is a market available.

We will charge our standard online commission for this trade (for smaller holders, we will charge 10% of the sales proceeds)
and will credit your account with the proceeds once received; this can take a week or so.

Alternatively, you may wish to sell your Napster Group PLC Shares before 14 January 2021, which you can do online or by
telephone in the normal way, and at the standard commission applicable. You may also transfer the Napster Group PLC
Shares to another broker, or you may withdraw the Napster Group PLC into your own name so that you can receive the
resulting shares from the Registrar. If you wish to withdraw or transfer your Napster Group PLC Shares, please contact us as
soon as possible to process your instruction.

How can that man (loose terminology) still be allowed to walk free??
There has to be some laws he’s broken - continuous dilution - new employee shares (he just gained another 100m) - debt conversions to shares when less that 5% of their value a short while ago.
I don’t know about delisting from AIM voluntary - he should be put in jail!!
He’s magically turned £25k into less than £3k for me !!
What he’s done, and clearly how it’s all been orchestrated - it can’t be legal - surely???

So many reasons - but it all probably boils down to how much it's fallen.
A share that's down 80% since the start of the year needs to make a 500% gain to get back to where it was - even more if you go back further.
So a 20% gain from such a small starting point is only a 4% gain relative to it's price in Jan.
Who's buying ?? - Well I increased my holdings by 150% in July alone - I'm sure I'm not alone.
Besides, anyone who hasn't already sold, or anyone who has recently bought isn't going to sell this low down - lack of sell orders on the book means it won't take much buying pressure to move it considerably higher - at least until the short term profit takers decide to join the party. For longer term investors I'd suggest a 5x or 10x gain might tempt them, but otherwise they'll be back in 5-10 years is more likely.

Tree Shake / Exceptionally Aggressive Takeover / Massive Fund Raise Imminent / Bust are the only options on the table RN.

It certainly looks like it's being deliberately devalued so a 'fair price' offer can be put on the table for a takeover.
PIs will be forced to sell at a loss - while a new owner could well be privately owned and get a bargain plus make all the profits.