VNL - Vinyl Group

[Joe Blow]

Headquartered in Perth, Western Australia, Mobilarm (MBO) is one of the world's leading brands in electronic marine safety equipment that protect and save lives in the commercial marine workplace. Mobilarm delivers a range of crew monitoring systems for use on vessels and in marine-based facilities, which generate automatic and immediate alerts in marine emergencies involving personnel, integrate with GPS and/or onboard navigation systems and provide in-water tracking of man overboard casualties in the water.

http://www.mobilarm.com

 

[System]

On December 3rd, 2018, Mobilarm Limited (MBO) changed its name and ASX code to Jaxsta Ltd (JXT).

 

[tinhat]

Jaxsta is a tech start-up. It is developing a meta-data database of credits for recorded music. like IMDb is for the movie industry. As it will cross-reference all data for individual musicians, writers, technicians, etc it is also designed to act like a LinkedIn for the music industry.

JXT commenced trading on the ASX on 28 December 2018. So far 39,000 shares have been traded between $0.19 and $0.20. There are currently no buy or sell bids in the ASX. It's market cap is $24m according to CommSec.

The JXT website says that it will be launching its platform in 2018 but I can't find any public access to it from their website.

JXT is my pick for the January 2019 stock picking tip. If you look at the weekly chart you will see why it came up in a scan I just ran. Of course the chart is meaningless as this company appears to have listed via a reverse take-over of a non-trading ASX listed company. I've based my selection of this stock on the basis that Herbie Hancock is in the video about metadata that is linked to on their home page. It's January after all!

 

[greggles]

JXT is my pick for the January 2019 stock picking tip. If you look at the weekly chart you will see why it came up in a scan I just ran. Of course the chart is meaningless as this company appears to have listed via a reverse take-over of a non-trading ASX listed company. I've based my selection of this stock on the basis that Herbie Hancock is in the video about metadata that is linked to on their home page. It's January after all!

Two months too early tinhat. JXT's move north didn't start until this month, following:

1. The announcement on 12 March that JXT has entered into a digital product agreement with Universal Music Group granting it a licence and authorisation to use UMG's data worldwide. The agreement provides Jaxsta with the ability to gain access to relevant music data from UMG for ingestion to its platform.
2. Another announcement on 15 March that it has entered into a similar licensing agreement with Warner Music Inc.

However, the biggest move up on the largest volume was today and there has been no third announcement, so I expect that there are further licensing agreement to be announced soon.

JXT up 33.3% to 32c so far today and currently trading at its high for the day.

 

[tech/a]

April Pick for me.

 

[System]

On December 5th, 2023, Jaxsta Ltd (JXT) changed its name and ASX code to Vinyl Group Ltd (VNL).

 

[Dona Ferentes]

been around for a while. lot of spin here:
.
"Vinyl Group launches with a promise to become the heartbeat of an equitable music world, providing tech solutions that connect and give credit to the global creator economy. The new-look Vinyl Group, complete with a new company website, will function as an umbrella brand that incorporates the company’s three existing brands: Jaxsta, Vampr and Vinyl.com.

"The Jaxsta music credits business continues to be the single source of truth and is committed to solving the industry's metadata problem. Jaxsta's data is mapped to the world's charts and provides world-first insights, including custom repertoire reports, to ensure organisations correctly map ownership and subsequent revenue distribution.

"Vampr, meanwhile, is the world’s leading music industry social-professional network and talent marketplace, helping 1.3M musicians, creatives and artists connect, discover collaborators and monetise their work in over 180 countries. Vampr generates its revenues from premium creator subscriptions and native in-app advertising.

"The iconic Vinyl.com URL offers a world-class e-commerce experience including over 50K titles for fans to acquire, supporting their favourite artists. Powered by Jaxsta credits, the record store is chart accredited
for Billboard and ARIA, includes track previews on every album page, and is designed to replicate the sensory experience of ‘crate-digging’ that all treasure-hunting record collectors crave.

"Vinyl Group is committed to supporting creators from bedroom to turntable, leveraging the network effect of fans and creators with community-focused platforms and services.

 

[Dona Ferentes]

SONGTRADR INCREASES INVESTMENT IN VINYL GROUP

01 May; Songtradr, Inc. has issued a conversion notice for a portion of its Tranche #2 convertible note, increasing its beneficial ownership in Vinyl Group to 19.95%.

Tranche #2 has a principal balance of $3,000,000 and further interest accrued for the period. The resulting conversion means Songtradr will convert a principal balance of $1,629,351 into 77,588,162 ordinary shares in Vinyl Group at the conversion price of $0.021 per share. Songtradr still retains the remaining Tranche #2 principal and interest balance of $1,812,673 that is not due until 29 June 2025. The conversion also gives Songtradr the right to exercise the attaching options to the note for the amount of the conversion notice of $1,629,351 until 29 June 2025.

Paul Wiltshire, CEO of Songtradr, commented “We’re very impressed with the strategic progress and discipline Josh and the team at Vinyl Group have shown over the last year. Songtradr intends to remain a long term shareholder and we are very confident about the path ahead for Vinyl Group.”

Vinyl Group CEO Josh Simons added “This latest conversion reaffirms Songtradr’s ongoing support for Vinyl Group, our strategic direction, execution and growth prospects.”

market cap of $130mill