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Exactly! They make excuses like there is no point selling at a loss and they would buy if it dropped 50% why on earth would you do that if you don’t trust dc? Makes no sense!!
Why don’t you just sell up then? (I would with so many doubts..)
And DC now has his rights to recover his loan through the sale of our assets if it goes belly up. Convertable loans come before shareholders. He can’t lose. If you trust him remember how much he was selling startart for, we paid £1m for 16% of a business turning over £32k profit!!! And he wanted £5m for the rest
Bills and running costs are not £5m! Look even with Bl alone we should make at least £3m profit based on 50 contracts, so far 23. It is extremely undervalued imo. If you want to live in the past fair enough but dc’s £100m mc target medium term is not out of reach if you stop living in the past and look at the facts.
Tintin200 last posted on LSE on 6th February. Knco joined LSE on 7th February.
Same rampings, same predictions. Same rubbish.
Strange isn't it?
Same ramper, different name. Just my opinion.
I wonder what happened to other investors like Jason Lee, we never got told. Pinch of salt springs to mind but hopefully I will be proved wrong
My worry is that as shareholders we cover costs, bricklive pays the bills and debts and DC et al just transfer money out. We don’t get a return and are expendable. This has gone from £1 to 0.7p under David’s watch, the previous form is very poor and with sells to come and further dilution is he going to buck the trend of recent years???? We are only one more mistake from administration and they can’t even get the month right for the GM in an RNS.
I wouldn’t trust them to run my bath after kpop, never mind running another kpop event
Up to you but i think this is the bottom, once the cornerstones comes in sp will be many multiples, i sm very impressed with the amount of Bl contracts secured so far.
But bricklive profits must be less as it’s no longer in house and outsourced to all the people we sacked. I don’t think there will be any love lost there or good deals. Admin costs will be lower but we will have to outsource more. Costs will be similar I would have thought
When i said running costs it includes debt repayments but as i said most has been converted, the remaining debt is manageable. They are also looking at new models, this is all without the cornerstone and formula e. Average sponsorship for formula e is £2m plus we get 350k mang fee . Whichever way you look at it sp is undervalued
Lodo not really most of the debt has been converted, we have dc’s 20% on the £1.7m we have cut over 40 staff, i’s say inc debt staff running costs to be on aim its £1.5m per year, previously it was £3m of you look at the numbers even BL alone will see this in profit in the millions
But isn’t bricklive just going to be servicing the debt and administration costs. They need to pay wages and can’t pay in shares forever. Those paid in shares will need to sell, ranjit will almost certainly unload as will creditors. I’m worried about low liquidity and a lot of shares to be dumped. I’m not buying now but will of it goes to half the current shareprice
If you look at the previous rns’s and the turnover against the number of BL events, average order is £150k so far we have about 23 events and we are just 3 months in 2024. I believe we will do at least 50 events this year which is 7.5m , only costs are shipping/depreciation and repairs when needed which is outsourced, so i’d say we can make 70% on this which is over £5m , running costs for the company have been drastically reduced i’d say its £1.5m so that is a profit of £3.5m and that does not account for the potential with the cornerstone and formula E. plus we are cashed up for the rest of the year. There will also be new brick live models/tours. With 400m shares current MC is just £3m . This is a steal imo and i will continue to buy.
Simple, I am not far behind you with an average of 2.45p. I have to admit that I am tempted to exit at break even, or do I sell some and hold some hoping for Utopia. I have been unsettled by the recent rampings of some on this board prior to the lifting of suspension which have now turned out to be the ravings of demented persons. Otherwise the SP would have soared by now. Moral of the story - ignore the rampers and their supposed information because it is b o l l o c k s
I've refrained from giving an opinion until there's confirmation within an RNS, so here's my concise take. It's positive that Bricklive is generating revenue, though the amount remains unknown to us. I anticipate no significant change to share value until the cornerstone investors and the company finalise their due diligence and a decision on choice and direction made, which is expected by the end of May or into June. We remain hopeful for a bright future, but the timeline for any substantial improvement is uncertain. My investment average is relatively low at 2.27, so reaching that figure would allow me to exit at break-even, which would be satisfactory.
I took part in the placing but also buying more, don’t think it will stay at this price for long.
Don’t forget about covid … personally managed to half my average this week to 2p … hopefully it will work out well..
But that will be .... 90% it's barely
My message cut off for some reason
but that will be less than 10p per share with enlarged capital. With a loss of 90% it's barely worth selling out now, might as well see if the 'cornerstone' investor can make something back. At 0.9p this might be worth a punt, but DC droll presentation hardly inspired confidence
So much has changed since 2019 when I first invested at 57p ! ... but I think it's worth giving new(er) private investors a bit of context. Back then there were approx 60m shares in issue and the mkt cap was around £30m. Bricklive was in a significant growth period, with 60+ annual shows / exhibits. I saw a potential for £2-3m net profit, a p/e of 10 and double digit growth.
How wrong this all proved. DC embarked on a series of frivolous side ventures and the rest is history. Could this return to a £30m MC company ... well hopefully yes - but that will be 90% it's barely worth cutting losses
Looks like they were in a hurry to get the good news out sue-they also missed out the word update re corporate update !
happy to overlook that too lol.
i think you will hear more when one of the investors finalises an agreement ,but not about the one who falls away given confidentiality agreement .
All very positive so far ....there is the small matter of the due diligence to get over !hopefully the investor will derive some comfort from the extensive audit.DC seems confident but that butters no parsnips!
happy easter
Great news, looks like we’re definitely heading in the right direction.
Looking forward to to hearing more about both investors.
Think they’ve put wrong date for GM 🤔
But I’ll forgive them, providing they continue to give us positive news.
Brilliant news. Plus 1 more Brick live contract a few more signed. This is clearly the bottom.
Fantastic news for sentiment and shareholders
I wonder if the decision for Ranjit's resignation was part of the due diligence of the new investors. All the deals Ranjit was part of stink and would be huge red flags for any investor
Hang out the bunting! Ranjit finally leaving the BoD! Woop Woop !!
Second Cornerstone agreed Head of Terms. Let the bidding war begin! :-)
Unless the alternative for the creditors was £0, then they take what they can