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ASI posted - "Somebody sells its overhang and if somebody buys its boom time. You need to give your head a wobble knco."
THIS - and totally this.
After you see the horrible reality, breathing its foul stench into your face, where are you today KNCO.
Why did he do this? Simple - because he can do what he wants, which is the main reason I should never have invested.
Beware the over mighty chairman.
Just rechecked the RNS - lot more than 5.3M shares.....
Issue of Equity
The Company announces that it has issued 13,500,000 new ordinary shares of 1p each for the equivalent of £135,000 for a payment due to the provider of a loan facility ("Creditor Shares"). Once admitted, these shares will be subject to an orderly market undertaking in re
TSG - correct, but as per the last RNS that the 5.3M shares issued last month are to be released into the market over 5 months, so there will be a drip feed for a while yet.
At average daily trade values it'll take some unwinding to get these through, and at current prices that means 5.3M shares have now been bought at 0.5p so then they'll be recycled if the price goes back to 1p (who wouldn't bank a 100% profit?)
The truth (unpalatable for most) is that there is a huge backlog of 1p shares that have been dished out in lieu of debt we couldn't otherwise pay.
For the recipients of those shares this isn't an investment, it's a rush to the exit to get something back.
That's why the 10p predictions are laughable and embarrassing. The SP will be anchored by all those shares, then the deluge of other placings between 1p and 3p - who here will honestly be holding 1p shares if this goes back over 2p? If you can look yourself in the mirror and honestly say you'll still hold, then you're in a huge minority.
That's how the market works - massive supply and little demand = poor SP.
You, on the other hand, know everything?
You have a cast iron belief that the SP at 0.5p is all OK, nothing to worry about, buy buy buy etc etc
And when asked why you repeatedly can't tell us.
Insider trading or Walter Mitty?
LVCG - the shower that keeps dribbling.
Incredible KNCO, but somebody dumped 250,000 of these golden tickets for 0.45p. How can the possibly not see the riches you see?
Maybe they could borrow your specs or take whatever your taking? Keep buying them though, you'll be a billionaire at this rate.
Absolute dead zone this share - then oops somebody else dumps a wad of their 1p confetti at a ha'penny.
Death by a thousand sells.
Given the nominal value is 1p Ludo is correct, this company can no longer raise funds without a consolidation.
Knigel, when this was suspended you quite rightly accepted this was a mess and you wouldn't knock the doubters any more.
Here you are trying to tell us this shambles of an SP is somehow OK and we're wrong to be angry/skeptical.
Please set out for us the reasons why you hold but we should all sell - and if you can do so with some hard evidence that would be helpful.
Quite right ASI.
What really does affect the SP is supply and demand. Sadly like today where past lunchtime there's only been one trade and its somebody willing to dump 250,000 shares at 0.6p.
LVCG need to do 2 things above all else to change this dynamic:
1) Ensure there's a wide demand for shares (and NOT by ramping/hype) - that needs solid improvement.
2) Stop the free supply of shares - that means cut out the penny confetti that's going to litter up the market.
Until then, it's all a sounding board.
Morning all.
Thought I'd check in on developments. It's good that LVCG have communicated the right way this week - not via a love-in webinar but via RNS.
The content is, of course, still totally woolly and devoid of numbers (other than the 13.5M shares dropping onto the market over the next 5 months). No cornerstone investor has been signed - the RNS makes it very clear to those who read it that it may never happen - however, like with Jason Lee we are told there are positive signs and we should be excited about the future.
The business is now 300M shares when it used to be 60M - the mcap is now £2M when it used to be £30M.
The share price reflects the fact that of the 4 divisions, bricklive is the only one doing any business and now via a truncated model compared to the past. Startart was a folly and has rightly exited stage left. Kpop - we all know about that. Formula E movement etc etc - was a nice weekend for DC, nothing else.
DC now has a big charge on the assets as somebody earlier quite rightly said - the convertible loan note gives him first dibs on the assets left if this goes belly up, we are absolutely back of the queue for anything as SH's.
For me the SP is a fair and accurate reflection of the net book value of this company. Only when hard results materialise will this move - there's too many 1p shares washing about and clearly not many takers judging by the activity this week.
In that regard expecting the SP to go up of it's own accord is simply bizarre. Predicting 10p, 30p is even worse!
When/If a cornerstone investor comes along, we will see a further heavy dilution because they won't be charitable to any of us - they'll be in it for themselves of course. The idea that a further business venture will just benefit us is simply bizarre.
This company still lives and breathes - hopefully it will continue to do so but we all have to understand we own a much smaller share of a much smaller operation than we did 12 months ago. Our portfolio values reflect this.
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....
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.
TSG - whilst I have openly shared my frustrations and anger at this shower, I respect the fact that you have a patient and more positive outlook - I know you have a holding at stake here, so rest assured I keep my distain for this situation separate from your posts.
We do finally seem to be getting to a point where the "cloak and daggers" is becoming public: I hope that Monday's webinar is more than just a chance to talk up hypotheticals and it leads to written comms we can all read and "hang our hats on". That is the best remedy for all that's gone before now we are listed again - it gives everything chance to settle.
From there many of us can make the decision on if/when to call it quits.
True Jimmy.
If the placing had been publicised would it have attracted more interest and therefore required less of a deep discount?
The lack of transparency about plans but also the seriousness of the cashflow problems has never been shared so we can only surmise.
As a shareholder I wasn't asked, invited or even made aware aware of any of this by the company itself, which suggests a sub-optimal thought process somewhere.