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Just can’t understand the current slide with so many upsides to come as restrictions unlock. Look back 15 months ore so. Yes theCompany has taken a Covid hammering, yes some the deals recent of deal does rightly raise eyebrows and David’s integrity is being questioned - but the fundamentals are still there for a strong bounce.
Am I really so out of touch to be completely wrong about the Company’s prospects
pmmbns1
it is an extremely thin market - small trades create large changes in the share price immediately. I would think that selling has been a result of the expected impact of 30m shares due next week, as well as the backdrop of the fear being generated by the media over the indian variant of covid.
unless you really need the cash, it is a decent hold at these levels and a consideration to add further after the fund raise shares arrive.
Yes this is my take also -thanks for sharing your thoughts. Sorry my last comments were difficult to follow - due to no specs on, fat fingers on small iPhone keyboard and predictive text??. At least you got my intended drift.
The fundamentals show the share count has doubled over the last year, with not a lot to show for it. And the question marks over DC’s integrity suggest the share count may rise again. This company is being managed for whose benefit?
Share count has risen by 67% ( not doubled ) but two new streams of income also added. I'm yet to be convinced on SmartArt but LCSE will add real value this year. Although not announced yet, all indications are that the eFest contracts have been signed. Pre-pandemic, but post Riverfort and Clive Morton smashing the SP we it was at 30p (Pre Riverfort and Clive this was over 60p). I see absolutely no reason why, with this new LCSE stream to add to revenue, we shouldnt be above 60p under old shares issued ( if not higher) which is a 40p equivalent under current issued. As mentioned below, current price is well under valued IMO
The share count was 81m last May and is 146m now. That’s an 80% dilution before considering warrants. Nice to fantasise about potential revenues from the new businesses, but you also need to consider how much DC and pals will take in fees. When it’s left to their discretion, they don’t leave much to shareholders...... 16% ewwww!!
You are correct that in early May there were 81m. Warrants are currently worthless and if to become exercised, would mean a 140% rise from here. I was upset about the 16% stake in Smart Art and wont defend it at all but LCSE is 100% owned by LVCG. I'm more excited by that than any other supplementary business
I suspect DC will claim HE is the main asset behind LCSE, and the fees he will pay himself will reflect that. If LVCG were being managed for the shareholders in general, we would own far more than 16% of the arts business right now. Unfortunately, I own rather a lot of these shares and it isn’t liquid, and I hope there is something here for us. But we are not the priority here. ATB
I have to agree that the 16% deal over the new Arts company was scandalous. However, there may be some future value in the nft side of the business. Todays article in the guardian about Kate Moss selling a video of her sleeping via a nft provides possibilities for the blockchain technology, which people have been experimenting with for some time - selling pop songs was way too cumbersome but high art & video might be a leading way to profit from it...briefly.
I did have a limited edition prints business and all I can add is that if it does generate excitement amongst kpop-pers and the like and the sp shoots up accordingly, then get your finger on the sell button as these fashions can be as volatile as any cryptocoins. Although I dislike the way things have been managed I am keeping my shares in the belief they should rise later in the year.
@Thereshegoes - you say “ two new revenue streams have been added”. Let’s use that sort of language when we see it. You should add the word profitable; revenue streams are pointless unless they make a decent net return.