RE: No bounce9 May 2018 18:28
Jimmy, correct. This is from his LinkedIn profile:
Director and Chairman
Company NameEVR Holdings plc
Dates EmployedJul 2015 � Feb 2018 Employment Duration2 yrs 8 mos
LocationLondon
I joined the board of EVR Holdings when it was a moribund investing company in the commodities sector. Following the departure of the previous directors, I worked closely with investors to refinance it and to change the investment focus to the media, technology and healthcare sectors. An initial �2,300,000 of new funds was raised for investments.
Working with the other director who joined me on the board when it was reconstituted, we identified MelodyVR as a suitable acquisition. I negotiated the acquisition terms and worked closely with the company�s lawyers, accountants and nomad to complete the acquisition and the readmission of the company to AIM in May 2016. Following the acquisition of MelodyVR, we raised further funds through a series of placings in the UK and the USA to accelerate the development and launch of the MelodyVR app.
MelodyVR has developed a proprietary post-production workflow that enables recordings of music performances to be processed into MelodyVR 360 degree panoramic video content which may then be accessed using the MelodyVR app. MelodyVR provides an end-to-end, integrated solution that enables music lovers to access an artist�s live performances within an immersive VR format. MelodyVR has entered into licensing deals with Universal, Sony and Warner Music Group and has also provided a demonstration version of its app in over 600 O2 stores in Germany.
Since I joined the company it its market capitalisation grew from approximately �1,000,000 to over �100,000,000, generating a more than 20 fold return on the cash invested.