Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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"We don't know any details and we also don't know how/why KPOP failed."
Off the top of my head:
No line up
tickets prices too high
Tickets put on sale before lineup published
Punters with little money
Several concerts/festivals running simultaneously
Limited marketing
Late offering
Rebranding due to past failures only to produce more failures
They're just off the top of my head
I think both proposals should be put to the SH in a EGM before DC makes a decision
Success of Frankfurt will rely on communication and the early announcements of artists.
Without the fans will not buy into a rebrand.
I fear continuing with the Kpop dream may ends in tears yet again
I think it is impossible to say which investor would be better. We don't know any details and we also don't know how/why KPOP failed. If this KPOP investor is going to plug the gap on why that division failed, then I would say this is the way forward, with a rebrand and full explanation to fans (and SHs) on what happened, why it won't happen again and some incentive to get fans back onboard. I say this because KPOP is the reason I invested and I think there is a pot of gold there if they can crack it.
But not knowing any of the details (and I understand why, because of negotiations etc) it is asking SH to take a leap of faith again, when the company has none left in the bank, because we don't know any details. But at this SP, SHs are backed into a corner.
I think both have their merits. I was pleased to see the Frankfurt show had been rebranded. This is a no risk show but Kpop Flex / Lux would be a hard sell to them now IMO.
And "playing the the companies strengths"
Bloomin predictive text
That should be rebranded
Which Cornerstone Investor would be best for the company?
Both are media related, one bringing new ideas and the other Kpop related.
My personal opinion is that Kpop should be ditched as a failed endeavour. I find it impossible to see how it can be rebounded and regain the trust of fans.
However, a new direction palting to the companies strengths could be exactly the shot in the are LVCG needs.
Would be interested.to hear other SH views
Just watched. They will be signing the 2nd cornerstone agreement today and we will decide which one to go with by the end of May. One of them is kpop related.
Very high profit margins on brick live, only costs are depreciation and shipping. Only 3-4 staff in BL.
Shareholder representative will sit on the board, news on this in the next few weeks.
Formula E 2025- should go ahead, news announced before the summer.
Knco 21st March - "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". Now you say you have no idea who they are or what they are. Seems like insider trading to me.
You are jumping to conclusions. I said i think it’s interesting, i have no idea who they are or what they bring to the table, what i do know is there will be new business lines and a path to success. I think you just enjoy arguing for the sake of it.
"I think the proposed deal with the cornerstone is very interesting and having spoken to DC i am confident that this will be a completely different company that is profitable."
Well done you! Pity the rest of us cannot comment on the content of what the potential cornerstone brings to the table and profit from it, as you obviously are doing by including yourself, at a minimum, through the placing. Yet again you have admitted to market abuse through the use of insider information to make a potential gain.
Ben, there is nothing anyone can say that will change your stance. You do not trust DC so i think you should sell when you are comfortable but that decision is yours. I did not say that it will definitely get to 30p and no matter what i say, you will say it’s not in an rns so i don’t get your premise of “back it up”
I have not plucked this figure out of thin air nor did i say it’ll get to 30p next month but i do know that DC has committed a large sum for a reason. You can say it’s an option bit ask yourself this, why would he go through all this hassle, if he wanted to take it private he could have done so but he didn’t.
I am not saying DC is doing this for us, clearly not, he is doing this for his own benefit but we will be rewarded too as shareholders. I think the proposed deal with the cornerstone is very interesting and having spoken to DC i am confident that this will be a completely different company that is profitable. Nothing i can say will convince you, if you feel he has not changed and will never change then it makes sense to sell but you will regret it down the line.
Lets put the past behind us, we all have a common goal no matter how much we disagree and that is to make a profit and i am extremely confident we will. You want news as do all of us, things are happening behind the scenes and when they are ready they will announce the details, hopefully he can talk more about this on the webinar. I share everyone’s frustration, we want news no talk as talk is cheap. Either you be patient and wait or you can sell. The choice is yours.
But I just did :-)
I would love this board to be a place where we could all share views with respect in a free space, but with freedom comes responsibility.
There are a few positive posters (TSG for example) who get this, but you have to be able to articulate your reasons when you post SP predictions or future pathways that fly in the face of reality. The truth at the moment is that the critical/negative views are all backed up by lots of facts.
That doesn't mean we aren't true holders or that we should immediately sell up :-)
I have asked many, many times for the likes of Knco etc to explain their position but all I ever get is "be more patient", "30p is realistic", "wait and see", " I can't say too much"...eventually it grates....
Now now bennster, you can't just go saying things like that. No opposing views or factual evidence here. This is a rampers only board where you post the amount you buy in the hope people tell you how amazing you are while saying someone else has a high valuation on their self worth.
You couldn't write it
Live Company Group
LVCG
New major risk - Revenue and earnings growth
Earnings have declined by 15% per year over the past 5 years.
This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes.
Currently, the following risks have been identified for the company:
Major Risks
Less than 1 year of cash runway based on free cash flow trend (-UK£917k free cash flow).
Shares are highly illiquid.
Earnings have declined by 15% per year over the past 5 years.
Minor Risk
Shareholders have been diluted in the past year (4.0% increase in shares outstanding).
That last post is designed to show that the "evangelists" are more prepared than those of us who are critical/negative to abuse different opinions.
And I am disappointed the likes of Suedee and Knigel choose to defend this - even going as far as to join in - you guys are holders and should know better.
The positive camp are poorly represented here by posters who are prepared to explain their positions like adults. The camp (me included) who are frustrated and skeptical need better from you.
It's clear from all the hard evidence that this company has been a dog - we want somebody to champion the positive case without resorting to "wait and see" or "IMHO this will be 30p soon" or "we can't say too much".
I want to sell, but won't do so at such poor prices, that's why I'm still a holder Knigel. We are all cut adrift in this lifeboat because DC sank the cruise liner. There's no reason to think he's worth listening to until he backs up the whispers with proper news. Monday will be all wind and woof unless he commits his sales pitch into a written statement via RNS or other.
There is a compelling onus on the "positive" camp to turn this round, not just whinge at those of us who have been bitten.
ShavingRyansPrivates:
my own view equally uninteresting to anyone is that you have an overweening sense of self importance-nobody cares what you think...
Your own words :-)
Holding(s) in company
ER 380,000 SHARES
For once i agree with asi
!inlike has an overweening sense of self importance-nobody cares what you think...
my own view equally uninteresting to anyone is that dc etc would not have flogged their guts out to produce such ginormous accounts and complex fundraise and restructure without a strong belief there was a pot of gold at the tip of the rainbow. On that basis I have thrown good money after bad and bought another 334 k shares today -the dust has settled a bit.
I look forward to a very arms folded defensive presentation on monday from DC! He must be dreading it
"I said cautionary in regards to what has happened in the past so people have their eyes open."
Inlikeflyn People should be doing some independent research before investing and just a modicum of that will open their eyes to what to expect. Personally, I don't see the point, as there are so many rampers and derampers anyway that you wouldn't know who is being honest and who is just talking out of their rearend. Better to spend that time focusing on the shares you have or are interested in investing into at a later date than wasting time on investments no longer in hand.
I respect your responses, I agree there has to be a balance, however, I don’t share your opinion to caution prospective investors, surely they would do their own research, let’s face it, it’s not going to be hard to find.
Also be mindful that some of us are deeply underwater and heavily invested, my fault, my decision.
Suedee, I didn't say when I sell I will post negatively. I said cautionary in regards to what has happened in the past so people have their eyes open. I will only post fact in response to over exaggerated ramping. People have lost far less money by having taken a balanced view than getting sucked in by endless rampers.
Not saying your one of them as I know your not but every private investor deserves a full story instead of sunshine and rainbows when it's a bit cloudy outside
Knigel fair enough.
Suedee I don't see where people have been childish. Everybody is entitled to feel cheesed off by events here, and if people want to come here a whinge or debate then I don't see the issue. Negative posters that don't hold shares, I agree, need to get a new hobby. But everybody else should be free to post their thoughts. I don't see any non holders though, just people that are rightly not happy with proceedings here.
I don't get the urge people have to censor on these boards. Just hit the filter button or skip past a poster who you think usually writes pointless drivel.