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Lol MB. If it rises another 200% you might get back to your entry price (along with all the other poor mugs you’ve pulled in).. :)
Hi TSG.. I really like the BrickLive story and that’s why I bought in. Agree - great potential there especially when the market cap was trading below tangible equity. But I have to tell you - I was warned by several posters on here before I bought about governance issues, and they were bang on right to do so. The story you paint about LCSE is largely based on trust. If the contracts are so highly lucrative, why have we only paid £1.5m for them? Perhaps DC brings a lot to the table hence we got the contracts at a lower price. But bear in mind the amount that goes to him in fees, and the amount that goes to other holders is almost entirely at his discretion. He hasn’t capped his fees beyond 2021 (when the revs will be marginal anyway) so we have little idea what will flow through to us. It’s all about trust, and he hasn’t done a great deal so far to engender it. Also bear in mind that ordinary holders have given up far more than the £1.5m paid for LCSE, because we were diluted at a significant discount to the booked assets of BrickLive (then diluted again for 16% of StartArt). DC has a lot to do to regain the trust of the market, assuming he is that interested in doing so. ATB
“The people complaining on these boards are always the ones who have sold (often at a loss) - and are hoping like mad the shares drop to justify their decision. Don’t let their impatience sway you.. atb :)”
WW, all you have done in your last post is demonstrate that you know nothing about the company. You dont even know the difference between LCSE and StartArt. As TSG says, your claim to be a holder of millions of shares is incredulous. #fantasyshareholder.
Anyone wanting to do some actual research on LCSE can look here
https://www.livecompanygroup.com/lcse/
Where you can see an experience management team in place led by Bruce Parker Forsyth, a team with vast experience of not just Formula e, but of managing events.
I'm not MB! :-D
The cash that LVCG brought to the LCSE table purchased lucrative contracts. That is an asset. DC will certainly add value to those assets but I think the market will be very pleasantly surprised at what the Pic N Pay Bike Ride, Formula E, eFest, Volvo Ocean Race, KPop concerts etc will bring in revenue. Time will tell but I see the LSCE division dwarfing the BL side of the business soon and with Clive, RF. Shard gone and orders returning to BL (and that alone should be enough to get us back to a mid 2019 SP - adjusted for dilution of course). Add LSCE (and to a lesser extent SmartArt) and there is no reason why we couldn't easily see all time highs in 2022 IMO.
So after multiple attacks (I can’t say I read it all), MB now concedes my main point - a lot has to be done to restore trust. Regarding LCSE - the only assets LVCG have bought to the table are £1.5m cash and DC. I don’t believe in magic money trees, so my guess is DC will ensure the return on that £1.5m is commensurate to the amount we put in ie. it barely moves the needle. But bear in mind that £1.5m was raised by diluting our holding in BL near the all time lows - ie . expensive for ordinary holders. To repeat - the damage has been done as you concede, and the ball is now in DC’s court. I hope for the sake of my several million shares that it works out. ATB
Exciting times coming here .
Will be the next huge riser on nft plans.
Plus venues opening up pre covid this had big pipe of contracts .
Back to double digits short order .
Several million shares?? Of course you do !! I agreed that in the past DC has taken far too much from LVCG but his more recent actions have been aligned with shareholders, albeit the market hasn't reflected it yet. I also agree he has a long way to go to get trust back but I think (finally) he gets that. As for saying he is the only asset in LCSE, that is absolute BS! Yes he is adding value from his contacts but they already have contracts which are of significant value.
Simple fact is - I own several million shares in LVCG, but unlike MB, I’m not going to BS people into buying the shares just to suit my own book. Since purchasing and monitoring, I have been alarmed by the way the company has behaved in several regards, and suggest any reader consider the following. 1) the only “asset” LVCG have in LCSE is the Chairman himself, and as a consequence he is likely to take a large part of any revenues as fees. 2) beyond this year - when LCSE revenues are in their infancy anyway - he has not committed to cap his fees. Bottom line being - yes, there may be significant revenues from these contracts, but we have little idea how much will flow to us post his fees. Given we were given just 16% of the arts business for our £1m, I would say DC’s generosity is not evident in abundance. Damage has been done and work is required to restore trust. ATB
Andy Murray now selling NFTs. Moving from a niech market to mass appeal. But its the companies that are doing the marketing and taking a commission on the sales that will be the real winners.
https://www.reuters.com/world/uk/game-set-token-murray-cashes-2013-wimbledon-win-2021-06-24/
LONDON, June 24 (Reuters) - Andy Murray is cashing in on the craze for non-fungible tokens (NFTs) by selling the "moment" he won the Wimbledon tennis tournament in 2013 in the latest such high-profile auction.
NFTs are crypto assets which record ownership of a digital item, such as an image, video or text, on blockchain. While anyone can view or download the asset in question, only the buyer can claim the status of being its official owner.
So the buyer of Murray's Wimbledon NFT will not own the copyright of the video footage, but a crypto asset which refers to a video of the moment the Scottish ace first won the coveted lawn tennis title. read more
Artists, musicians, sports clubs and social media influencers are among those to have embraced NFTs as a way of making money from their achievements.
Let’s see some hard, reported results before we believe in this company. The core business could be very good and they have survived through Covid. I’m not at all certain about these new businesses but happy to be proved wrong. But the issue is trust - DC needs to act always with high integrity and report some very good results. Then sentiment will start to change.
both Projects should work really well especially Start Art, this could become mid tier company based on NFTs sales.