Napster Share Discussion Threads

[alancapone] 03/12/2021 19:16

The USP is where Napster meets virtual reality.

[charlie9038] 03/12/2021 17:41

Blimey, lost 2k on this from mvr days when napster took over which hurt then but the way this has gone I swerved a bullet, thought exactly the same, Naps have a big challenge with Spotify, Apple, Amazon music etc wish all the LTH good luck on the other side. Its tough atm. GLA

[danmart2] 03/12/2021 17:29

Who in there right mind invested in this company when you have established market rivals such as Spotify, Deezer, Apple Music, even sound cloud which do the same thing with a strong customer base?

What did you expect the Napster app to do differently?

The only benefit of the Napster app is the brand recognition of the Napster name being linked to music; other than that did investors really expect the company to reinvent the wheel?

[danmart2] 03/12/2021 16:46

No idea how this is still as high as 0.34; it’s my suspicion the share price is heading lower next week if anyone still plans to buy in.

[king goofus] 03/12/2021 16:09

More convertible loan notes next week.

[crosswires] 03/12/2021 15:31

Agreed, Matchett must be one of the single most clueless CEOs in history. It would be madness to put more money in here as if history teaches anything it is that Matchett loses everybody’s money except his own.

[axsrsw100c] 03/12/2021 15:09

putting more money into this isn't smart... keeping hold of what you've already got, okay, i can maybe understand that if it's hardly worth taking out, but pumping more money in? you shouldn't be advising people who have already lost a load to do that

[david gruen] 03/12/2021 13:49

The smart money knows where this is going ;-)

[jason_scrap] 03/12/2021 08:21

My bad for thinking about investors best interests... buy buy buy. Ramp ramp ramp. Whoosh

[david gruen] 03/12/2021 08:00

....we'll get the same as the institutional investors who are voting for it.

[david gruen] 03/12/2021 07:54

Morning Robot, which comes first, 0p on ABDX or 0.1p here?

[bad robot] 03/12/2021 07:51

Lovely Jubly

0.1p is coming and delisting. They will have the numbers and more loans to be converted next week.

I did say clns was coming yesterday evening

The Giro investors will be finished this year. There 500 shs does not count.

BR
IN BR WE TRUST
RED MERCURY CREW




TIDMNAPS

RNS Number : 5003U

Napster Group PLC

03 December 2021

Napster Group PLC

("NAPS" or the "Group")

Conversion of Loan Notes and Director/PDMR disclosure

Napster Group PLC (AIM:NAPS), 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 Convertible Loan Notes ("Loan Notes") previously issued to the Investor.

As a result of this conversion notice, GBP2,000,000 Loan Notes have been converted in to 200,000,000 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a conversion price of 1.00p in accordance with the terms of the Loan Notes. Following this notice, there are no outstanding Loan Notes held by the Investor.

In addition, in accordance with the loan facility agreement entered into with the Davis Partnership, LP (the "Lender") on 1 April 2021, the Company is issuing 8,292,120 new Ordinary Shares to the Lender in satisfaction of accrued interest of US$419,166.67. The prescribed price of an Ordinary Share as set out in the loan facility agreement is 3.75p per Ordinary Share.

Application has been made to the London Stock Exchange for the 208,292,120 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 9 December 2021. The new Ordinary Shares will rank pari passu in all respects with all existing Ordinary Shares in the Company.

Following Admission and including the Ordinary Shares subscribed for by the Group's Employee Ben

[david gruen] 03/12/2021 07:48

You look after your money Jason and I'll look after mine. Turkey's don't vote for Christmas.

[david gruen] 03/12/2021 07:35

A temporary transition into private status yes, but the shares you buy today will be tradable in the US listed company once the second transitions completes.

[terminator101] 03/12/2021 07:34

And one last shafting for investors before the take it private with hundreds of millions of share options for doing such an amazing job. Nice one lads.

[mossad agent] 03/12/2021 07:20

All standard stuff. Positive update. Buying more today.

[jason_scrap] 03/12/2021 07:15

Well well.... loan notes as I said. And before you all go yippee it's a premium... the cln providers just been shafted too. They would've issued noticed to convert days ago in line with the terms of the notes, the company waited for notice off them before dropping that bombshell yesterday. Disgusting behaviour

[jason_scrap] 02/12/2021 21:55

Oh yeah... one more thing. Be mindful they now have permission to increase the share capital by a 66%. They sought permission at the last AGM, so if shareholders do try and oppose the delisting, they'll pull out one final master stroke and liquidate shareholders out of what's left of they're investments... what will a 66% placing and the remaining CLNs do to the price... 0.1 maybe?GLA. Sorry its got to this, but it really is game this time. Disappointing is an understatement