Napster Share Discussion Threads

[alancapone] 02/12/2021 21:43

Oh ye of little faith…

[jason_scrap] 02/12/2021 21:40

It also has 58m current liabilities and 22m in administrative costs... you should be fine lol

[alancapone] 02/12/2021 21:31

Might cancel my shareprophets subscription and save £5.99 per month.

[michael1mouse] 02/12/2021 21:28

I hate to break it to you Mr Capone, but MVR has no money to list on NAS. Bucket shop placing may help. This means your £500 is worth £5.99p.

[alancapone] 02/12/2021 21:21

I don’t want to stop the delisting. I want my US listed shares in 18 months. Buying more tomorrow.

[mr donkeykong] 02/12/2021 20:33

Thanks Jason

wow, I was thinking of buying some for a punt, now clns will be converted

[bad robot] 02/12/2021 20:15

More worthless SHS will be converted now, to increase voting rights for delisting.

Worthless shs about to multiply like rabbits.

I think 0.01p is coming.

BR
IN BR WE TRUST
RED MERCURY CREW



("NAPS" or the "Group")

Conversion of Loan Notes and Share Subscription by CTO

Napster Group PLC (AIM:MVR), a leading music company and operator of the MelodyVR and Napster platforms, announces that it has received a notice of exercise from Nice & Green S.A (the "Investor") in respect of the issue of Convertible Loan Notes ("Loan Notes") (as announced on 14 April 2021). This conversion notice follows from the Group having issued a total of GBP8,000,000 Loan Notes to date under the previously announced investment agreement with the Investor.

[bad robot] 02/12/2021 19:41

Another -50% tomorrow.

To stop delisting is nearly impossible now, they would not do it if they did not have the numbers.


Salvage what you can. I may buy some at 0.01-0.05p for a dead bounce to 0.1p


BR
IN BR WE TRUST
RED MERCURY CREW

[alancapone] 02/12/2021 18:41

They are doing what’s best for the shareholders. An institution holding millions, or a private investor holding £500 worth are all the same.

[shinto] 02/12/2021 18:36

You could be right.
Having read the full release there is a lot more in the detail.
Was tempted to dump today on reaction but pleased I held.
Could be wrong but only time will tell.

[alancapone] 02/12/2021 18:27

I don’t see this as high risk. A long wait maybe, but not that risky.

[shinto] 02/12/2021 18:24

In hind sight this was the plan all along.
Taking into account that all the big investors new what was coming then it will more than likely re-list.
Waiting game with high risk but possible high rewards.
Downside is being a mushroom for next 18 months.

[zen12] 02/12/2021 18:12

Whilst we see CEO is delighted...are we missing something lolCommenting on the Proposals, Anthony Matchett, Group CEO, said"I am delighted by the support we have received from our major shareholders for this proposed transaction in advance of the launch of our new music entertainment platform in February next year. I believe, in particular, that the possibility of a listing of NM Inc in the US will mark the start of an important new chapter in restoring value to our shareholder base. With one of the US West Coast's leading full-service investment banks having been engaged, we are confident in NM Inc's proposed strategy to access near term funding to support the launch of our new platform but ultimately, in its ability to secure a listing in the US at a valuation that is consistent with the metrics of those of our peers."

[zen12] 02/12/2021 18:07

Subject to shareholder approval at GM so could get voted down..!

[johncasey] 02/12/2021 17:57

long time to wait..could all be dead by then..mini ice age,super volcano or famine

[alancapone] 02/12/2021 17:52

You won’t be able to trade these for 12-18 months after delisting, but you will probably wake up one day to a 50 bagger. If you don’t need the cash, have a punt.

The big boys are loving this as they’re mopping up nervous investor shares for peanuts.

[shinto] 02/12/2021 17:39

found it... 27th jan 2022

[shinto] 02/12/2021 17:30

not read full release yet but what date is this delisting,

[pugugly] 02/12/2021 16:46

What is a "nancial institution" used in rns?

[johncasey] 02/12/2021 16:45

im buying at 0.1p..you always get a 1 bagger or 2 just before the end so certain guys can buy and mitigate their losses

[bad robot] 02/12/2021 16:10

Should half again tomorrow.

BR
IN BR WE TRUST
RED MERCURY CREW