Member Info for Bennster

I disagree Simple.

Things look very different from when he made his "looking very different" comment about October. They look much, much worse.

ADVFN seems to have just died since early Sept Sue - what other forums are we being slated on?

Dare I ask :-(

Jimmy - you do know better.

This is a mess for all of us and nobody is enjoying this (I hope).

If only there was as much effort put into running this company as there is deleting posts on this forum... :-)

Is Sarah on the payroll?

If so then no defence needed, she is an employee working for DC and is getting more out of this company than the rest of us I'm sorry to say.

Comments on late accounts (made 30th August 23)

“Very soon. Within a week. As I said anyone suggesting otherwise is scaremongering.”

Another Monday morning, another blank news day.....

I like to lighten the mood with a bit of comedy, we can all have a good giggle over the "brokers note" and "what we could have won".

Seriously, the deadline for submission of accounts and relisting is end of December as I understand it so this could go on for a while yet. Horrendous.

Amen.

A warm thought in cold financial times.....

I know it is against the "be positive" mantra Hughes, but I genuinely can't wish him well in any walk of life.

As the Chinese say: "may he live in interesting times".

In that respect Sue - we are truly in the same casket.

I only hope that for as long as this stays alive most of us can at least remain civil to each other *thumbs up emoji needed*.

You will note the contributions of MB10, Shujja etc.

I agree Simple - I was trying (for once) to be generous.

The accounts for 2021 were awful and 2022 won't be any better, but we all expect that now we've been suspended.

2023 could be terminal now we've gone into debt with the devil.

I think about that "brokers note" - what a mindjob.

The issue Hughes is that he IS the company.

He is the biggest shareholder so he has control, he's also the boss - but his wealth doesn't come from share price like us, it comes from his annual fees and expenses.

If you look on companies house you can see this company has renamed and morphed many times - it can do so again if DC has arranged it. Remember he has a claim for the purchase of StartART unfulfilled at present.

The financial rules allow for all kinds of wriggle room inside the legal boundary and there's nothing any of us can do about it. The idea we could stop him or "call him to account" is fiction.

EXCEPT - make sure no other suckers fall for it again, which is why I'll fight the rampers forever.

Acceptance is horrible. This medicine tastes foul Sue. Here's the reality (hard to swallow but we all need to).

Where are we now? In truth we are all speculating, which is why formal comms via RNS is so important.

What I do know is that when a company has to borrow at junk rates (or worse) to fund the day job and then can't even deliver that, then that's a company in deep trouble.

The last financial results show that bricklive and all other divisions lost money, other than FLEX which returned a minor profit of £83k. Central admin saw to that and the rest besides, so the loss was over £1M.

There is NO indication Bricklive has done any better, we have no detail on the big outlay for StartART, we have no figures for the South Africa formula E and worse of all we know we blew the O2 (again). Needless to say the central overheads include DC's pot of gravy.

There's only so far this can go without credible cashflow - this means further punitive loans, mass dilution or we're cooked.

Sue,

Just to explain - I've lost a great deal here too. My holding was over £70k at peak and I am particularly hurt I could have exited if I had realised 11p was the summit - that's my mistake, but you were around in those days so you know I speak the truth.

There were some (who delete posts if you name them) who said this should be 20p minimum and sucked many here into staying. Even 2 months ago they peddled home spun maths and many (sorry but you included) backed them.

I can't play the reconciliation game with them - for me they are as much to blame as me or anyone for this mess I find myself in.

I absolutely hate this company and its leadership for their folly.

i want a relist so i can take my chances too, but i can't accept "insiders" ramping this to all and sundry, then getting a quick exit by the back door

it's called insult to injury.

i don't see you in that category of course, or most on here. i just can't forgive or forget some of the *** packet fantasy on here. sorry.

Sue,

I appreciate the message we should be respectful to each other, some of us on both sides of "optimism/pessimism" have tried, but it doesn't just apply today - it should have applied over the last year.

The likes of MB10 have been aggressive and insulting to those who have tried to relay the reality, until it's too hard to ignore.

Now is the time for the evangelical rampers to apologise to those they label "non-believers" or leave here so the rest of us can get our heads together.

I don't trust some of the SH's you describe as being on the inside - I wonder what their next trick is? Get DC to slip a relist date so they can sell faster than the rest of us? Sounds horrible but it's how this game works.

Imagine if as much effort went into these concerts as goes into deleting posts on this message board......

There's a famous saying about the definition of madness....

Why does this approach look so familiar :-(

Why have you posted this in the small hours?

This refers to the inexcusably late confirmation statement at the start of September. What it shows is that LVCG admin is so bad that compulsory strike off was initiated until somebody got the statement in so the strike off was discontinued.

This bears no relation to the very, very late accounts or the companies latest financial mess.