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Jack, you are reading the wrong market. You need to be on the London stock market which shows in sterling. Don't know what thoseother markets are for, but you may also see that their sticker is not LVCG but another sticker (which also refers back to LVCG)
£0.008
Pardon the interruption and pardon my naivety but I'm more concerned about my own health at the moment. I'm afraid I've lost the plot. For the last couple of days, Google Finance shows the price has plummeted 60% then today 83%, down to €0.0005. (Checked that on the Frankfurt Stock Exchange website). Yet at the same time showing green - €0.85. What price are we on and in what currency? Is it about to fall off the scale?
LB, yes I was concerned to see DC health, I thought his speech was delayed and he certainly wasn’t himself, I mentioned this earlier in my posts, I personally found it quite upsetting and I couldn’t concentrate on what was being said, I will re listen later. we know he was admitted into hospital, hence pic in ambulance on instagram.
I truly hope he is ok and on the road to a full recovery.
Chastened I would say! It all fell to rubble under his watch. at least he wore a suit.
From the webinar is anyone else concerned about David’s health? He seemed like a different person to on previous webinars
He started with a slide which indicated it could be either or both ,but later on said he would have to choose one. Then in answer to a question over whether they were mutually exclusive he said they were. So the answer is one!
I hopefully will catch up on the webinar later today as was tied up.. but I thought both investors were investing in the company - not (picking) one? Maybe he makes it clear in the presentation??
HL, I agree communication is key now for old and hopefully new investors, he needs to try and regain some trust.
JS, I also missed start of webinar and I’m surprised no apologies was given for amount of time and lack of communication during suspension.
Just a waiting game now.
Whilst I am thankful that DC didn't decide to cut his losses in all of this and his health has clearly not been great, I do wish there was some acknowledgment to SHs who have been completely in the dark this past 6 months. I asked the question on the webinar as to why the suspension took 7 months instead of 1 and he didn't really give a good enough reason why. I had personal circumstances where I needed to get access to the money I had invested, but I couldn't, because of LVCG mismanagement (and my stupidity for trusting that it was 1 month suspension). All very stressful and zero acknowledgement from DC or Sarah on the webinar.
I think the SP reaction to this webiner says it all. Not a lot of substance and a lot of waffle. Let's hope DC keeps to his word and communicates more.
I would expect an RNS on the head of terms for the 2nd cornerstone but hasnt everything else already been RNSd? Maybe not the Formula E investor yet but DC said that was due to be signed soon (or something similar)? I would assume it would be then. I do find it frustrating that the Nomad appears to consider every Bricklive contract not of enough significant value to RNS. At these MCap levels, I'd say some of the bigger ones are certainly worth it! Bricklive is making money it seems but we cant see that it is
I would expect something tomorrow considering DC said the 2nd investor is expected to sign this afternoon. Then they both have until May 31st to complete due diligence,
Private Ryan, 😂😂😂 yes, apologies. 👍
TSG - do we know if DC intends to release the content of this webinar into a formal written comms, preferably an RNS?
Er suedee I think you mean hypothetical .lol
JS no no apology -there never is
I thought DC was certainly not his upbeat self, i was quite concerned by his well being, his voice sounded a little delayed too, to the degree I didn’t take it all in, I will re listen later.
I took some positives from it, however, until we know more about new potential investors, it like JS said, it’s all hypocritical.
Happy to hold and wait to see what unfolds.
Oh! By the way, I always acknowledge positives but over the last few months there haven't been any to acknowledge. Even relisting destroyed share value when a sensible board would have had the webinar prior to relisting rather than post relist to safeguard share value.
I didn't watch it because I've become accustomed to the fluff presented in webinars, which often contradicts real-world outcomes. I'm only interested in the content of official announcements (RNS) and actual results. If the webinar's content is reflected in an RNS, I will take note and form an opinion. However, if it's not and never comes to fruition, you can deduce what my opinion would be.
Just some initial thoughts on today's webinar.
Having only recently been relisted, I have no doubt David and Sarah had to tread carefully in front of AIM and the Nomad, which may have led to it being very matter of fact in style. However, there were a number of positives from my perspective.
The two interested cornerstones (one signed, one about to sign agreements in principal) are investing because they see significant potential growth opportunities.
David also confident because he invested the last part at 6p to keep the placing at a 50% premium to the close before relisting. He invested at 6x the small PI placing, putting his money where his mouth is. Not many AIM CEOs are so heavily invested.
The new cornerstones will bring in new talent and a new BoD. Let’s face it, David is a good deal maker with great connections but what have the rest of the BoD actually contributed? We need a new broom IMO
New partner / investor found by E Movement to get Formula E back at Cape Town. I know someone personally heavily involved in Formula E and they loved the Cape Town event, so I am very sure that will be a much bigger success next time.
Going forward will be based on a no risk model (e.g. Frankfurt KPop is a fee rather than risk / reward). Very little downside to the company now IMO
Frankfurt event also rebranded! The KPop loons are unlikely to see it is still LVCG behind the scenes particularly as it is being put in place by a German partner. Learn from the lessons in the past and KPop can still be very lucrative.
No doubt 2023 was tough going but David is very confident that we will be profitable in 2024
A shareholder representative joining the Company should be good too.
All in all, I honestly believe the worst is behind us and the future could be potentially very exciting. We certainly all need a good break for once!
Asi - may i ask what positives do you glean from the webinar? You continue to post negatively which is fine but you never ever acknowledge any positives, strange character.
No line up - SBS aren't just promoters but are also the bands agent. Concert dates for kpop bands in Korea are st in December each year so they should have had the line up ready 9 months before the concert. Instead they decided to opt of late cancelations to get bands cheaper.
tickets prices too high - Prices were set at almost double that of competitors.
Tickets put on sale before lineup published - Why. This is an instant put off to punters. Would you buy a ticket if you don't know if the band you like is going to be there?
Punters with little money - Lets have an expensive 3-day event when the UK are in the middle of a well-publicised 'cost of living' crisis.
Several concerts/festivals running simultaneously - I counted 2 in Europe and 2 in Asia
Limited marketing - Virtually no marketing, promises made for updates which never appeared. Punters were left in the dark and the promoters kept them there.
Late offering A couple of months' notice, most concerts start promoting at least 6 months in advance and festivals 12 months in advance with full details.
Rebranding due to past failures only to produce more failures - I don't think another rebrand will work unless Live Company also rebrands well in advance to remove any stigma attached. If there is a new investor which brings something to the table regarding kpop then what needs to be done most of all is management of any festivals taken out of the hands of DC and co and put firmly in the hands of somebody who knows how to manage such events efficiently.
20 BL tours as shown on the slide inc one in Israel, it was 15/6 a week ago. This side of the business is picking up. 20 and we are only in March. Overall great presentation, so far all buys today. Sp is rock bottom.
Also I missed the beginning of the webinar? Was there an apology for all the stress to SHs for the suspension overrunning by 6 months? I hope there was.
Yes but why no line up. They were clearly let down by third parties. Is this new investor going to ensure that doesn't happen. For example, what if the KPOP investor is SBS? And the theme of your message is they left everything too late. Not something that can't be rectified - my view.
But, lets not get bogged down in hypotheticals. My point was, this new investor might be able to plug all those mistakes.