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It certainly won’t take years to get to 2p, again you have no idea what is happening behind the scenes, if you guys want to sell, sell but this will be 10p plus in a few months, there are new business lines, we will know fairly soon. I participated in the placing and continuing to buy in the open market, price is rock bottom, now is the time to BUY not sell imo
That this total bag of s*** can scrape to a bid of 1.1p per share and I can cut my losses at 50% and be done with it. Normally I try to hang on for breakeven when a share plummets but not this one. I've set my expectations at getting half my money back and I'm pretty certain that it will take a fair while and I'm not in the game to wait for a few years for lvcg to get back above 2p.
TSG - whilst I have openly shared my frustrations and anger at this shower, I respect the fact that you have a patient and more positive outlook - I know you have a holding at stake here, so rest assured I keep my distain for this situation separate from your posts.
We do finally seem to be getting to a point where the "cloak and daggers" is becoming public: I hope that Monday's webinar is more than just a chance to talk up hypotheticals and it leads to written comms we can all read and "hang our hats on". That is the best remedy for all that's gone before now we are listed again - it gives everything chance to settle.
From there many of us can make the decision on if/when to call it quits.
In that case TSG, maybe I am being naïve but couldn't they have just changed broker? Why was a broker dictating anything, surely they work for us/lvcg?
I am just looking at a 50% devaluing to all our holdings for the sake of £300k. Long way back from under 1p. I know you have a large holding and I hope there is a happy ending for all of us. All we can do is moan and debate on here because we haven't been told diddly squat by the company and it is unfortunately showing in the SP action today.
Nail on head Bennster. Placing should have been out in the open, with DC on a webinar beforehand explaining future direction of travel.
Shareholders have been given zero info apart from us trying to piece together what is posted on here or what other SHs have said, which obviously has to be treated with a pinch of salt. I contacted Sarah directly and could have invested but I had no information to go on as to reasons why I would put more money in. I am sure the price will go up after Monday (can't go any lower!), only wish DC would have communicated much sooner.
Jimmy / Bennster - I agree this could have been handled better but the price was insisted on by the broker. Anyone could have approached them for the placing as it was announced in previous RNSs. It is a blessing that so little money was raised at this level IMO. Most was agreed at a premium. Given the lack of comm's and length of suspension, I am not totally surprised by the bloodbath today but when the dust settles, people should begin to see that.
You rightly mention the dire cashflow issue but that has now been shored up.
Terms agreed with the new cornerstone investor, to bring in significant new revenue streams is the key here.
True Jimmy.
If the placing had been publicised would it have attracted more interest and therefore required less of a deep discount?
The lack of transparency about plans but also the seriousness of the cashflow problems has never been shared so we can only surmise.
As a shareholder I wasn't asked, invited or even made aware aware of any of this by the company itself, which suggests a sub-optimal thought process somewhere.
Ok thanks 212hl, that makes sense. I don't understand why they wouldn't have paid 2p, if they are so positive about the future. Not to mention factoring in the inevitable devaluing of their own holdings by 50%. I know some have large holdings. Not sure it was the right move. Had they raised at 3p and given future direction of travel before relist, we might be around that price mark now. I wonder if this was factored in by anybody.
Hi Jimmy, I heard the nomad wanted to see money being raised from outside the company too, other than the directors and employees and don't think anybody would have done it for price higher than 1p. That was the reason given to me for money being raised like this.
Don't worry knco and DC has had a vision which suggests the share price will be 10p going on 30p soon. Odds are probably in our favour of winning the Euromillions before that vision is likely to come to pass.
To relist without any indication of future direction of travel is not a good decision in my book. Why not do this webinar before we relisted. I also don't know why they raised at 1p, if the future is so rosy, for such a small amount of the total, because that is where the floor has been put. Well lower. Devaluing the mcap 50% to raise £300k doesn't feel like a great move to me.
Knigel, DC may have something to shout about, but who will ever believe or trust him again? Must admit I have bought more shares at this price and laugh at those insiders who bought at a premium
Knco forgets that people’s emotions can change - we were suspended for ages and some people had given up and/or wanted out on relisting. Now that we have actually relisted - I suspect some are relieved and considering their options. Btw there’s an investor presentation next Monday which makes me think there will be another RNS before then - surely DC will want something to shout about???…
Bennster, totally agree with you Knco AKA Tintin should sober up and stop such nonsense. If he/she/ it has that much insider information as to say it will be 30p and he /she/it has benefited financially by that insider information then it is time to hold the insiders to LVCG to account for unregulated activity.
Best thing you can do is switch off right now, maybe sober up.
Nobody has said any such thing here
Nobody is telling anyone what to do with their money but there are certain posters by their own admission have said they will sell as soon as it relists no matter what price, yet today contradicting themselves. They can change their mind but if you don’t believe in the company surely the best thing to so would be to move on. 30p is a distinct possibility and 10p short term, these are not made up but i an fully aware what is happening behind the visions and there is a clear path fir this to be a £100m plus Market cap company. No point arguing nor am i asking you to believe. There will be a lot of news pertaining to this in the short term. Switching off for now
According to Investor meet company, LVCG has no scheduled meetings yet.
Knco : "so love him or loathe him , these are facts" ... according to this latest RNS apparently all the time that we have previously been told, that DC was 'lending' money to LVCG he has instead been borrowing money at 20% interest. Now he is moving that personal liability to us LVCG shareholders - quite a brilliant ploy. Since we haven't seen any proper financials for 2023 we are clueless what real liabilities exist, but I'm going to guess we still have around $5m owed ... mostly to DC at 20% ... so we need to make $1m to cover his personal liabilities. We know nothing about the new arrangement for Bricklive, other than this potential cash cow has been 'outsourced' to the original managers and we now only get some 'fee'
I'd love to see some turnaround on this stock - it's cost me a fortune believing it was being run as a listed business not a personal slush fund - but it's not me that has poisoned this company, DC can take full credit for that !
Amen Jimmy.
He's ready to come out of his shell it seems.
I hope the webinar just announced will be followed up with an RNS outlining what is said - so that all can see the plan and it's on record for posterity. Sadly not all of us will be able to listen to the patter live.
We wouldn't want a sales pitch that doesn't have any solid backing.
If we DO get an RNS after the show, then maybe we're starting to see some change.
Amazed anybody expecting a different reaction to the SP, from what we've got. Staggered.
And nobody is bickering. We are having discussions and trying to get to information that might help come to a decision on whether we buy or sell or when to buy or sell (or hold). Sort of the point of these boards. Filter button is there. Maybe use that, instead of telling people what they should do with their own money.
LIVE COMPANY GROUP PLC is pleased to announce that David Ciclitira and team will provide a live presentation relating to the Investor Presentation via Investor Meet Company on 25 Mar 2024, 09:00 GMT.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 24 Mar 2024, 09:00 GMT, or at any time during the live presentation.
Investors can sign up to Investor Meet Company for free and add to meet LIVE COMPANY GROUP PLC via:
https://www.investormeetcompany.com/live-company-group-plc/register-investor
ASI. If you think DC has committed a large sum at a premium just because of 1 K-pop concert and BL then you sir are very naive.
As i said there is a lot happening, i know you are eager but you have to sit it out or move on.
"BrickLive is therefore anticipated to be the main source of revenue in the current year supplemented by a planned single KPOP event later on."
I can't see how this is going to equate to the share rising to 10p -30p over the next 12 months knco. Maybe you could explain it to me.
Retired banker, stop poisoning the world, he is not making 20% rns clearly states this broadly equates to the interest paid by dc in his asset backed loan, so love him or loathe him , these are facts.
Knco - If this share does gain some ground back, I will sell this dog of a share but not when it opens at such a drop, only a fool would be likely to do so. We regained ground slightly but I'm still 76% down on my investment so will wait and watch until such time as it isn't so much of a blow. In relation to placings and placees being privy to information not known by the greater market this is still market abuse regardless of how you want to look at it and this potential insider trading has been submitted as potential evidence to the current ongoing investigation with the FCA and Insolvency service. Is there anything you would like to add to help the investigation along, as this board is being monitored by the investigating officers.