Wreck Small Speakers on Expensive Stereos was a New Zealand band comprising Michael Morley and Richard Ram. The group was active from 1980 to 1986, disbanding shortly before Morley’s next band, The Dead C, was formed. Wreck Small Speakers released a number of cassettes in the early 1980s and put out the River Falling Love EP on Flying Nun in 1986, from which “Lots of Hearts” comes off.
Ram doesn’t seem to have done much after Wreck Small Speakers, but Morley has had an extensive career as the vocalist/guitarist for The Dead C (he was also involved with the Tanaka-Nixon Meeting and 2 Foot Flame). Morley has recorded under the name Gate as well, and still releases under that name today, in addition to teaching at an art school in Dunedin.