Member Info for Bennster

Personal view - I dislike him immensely for what he's doing - he's taken £Millions from this company for Startart, and in fees etc. but returned nothing to shareholders.

However, I'm not accusing him of anything illegal. The financial system allows him to do this.

My true hatred is for those who defend him and try to disguise or deny it. Hence my "debates" on this message board with certain posters I consider "mouthpieces" or worse.

See the positives or else you're a troll or worse.

I hope I'm wrong for all of us - if DC delivers a retained profit for LVCG (not just a gross profit from a concert) then we all win.

Simple - my issue is who would remove/replace DC? He hasn't been put in a position, he's chosen it.

It's his rodeo and he's the boss, biggest shareholder, biggest beneficiary.......

He gets paid we we don't - profit or loss

Lifestyle company is a phrase that you hear more and more. I looked at the history on Companies House going back into the 1960's and this is a rodeo that's changed and evolved many times - you can draw your own conclusions.

Hughes - there are some of us who get it - you are not alone.

and perhaps I should articulate the following, in case anybody misunderstands my position as a genuine LTH:

LVCG operate in potentially very lucrative markets - with a possibility to make profit. That's attractive and sucked me in in 2021...

LVCG are doing a disastrous job (in my honest opinion and judging from the financial results). That's a mess I now have to face into.

We must all separate the two from our investment appraisal - don't be blinded by the opportunity - look at the results.

There are limited barriers to entry in the KPOP market and where LVCG shine a light on that potential (but fail to capitalise) others will watch and do better, leaving us with the overall losses from Bricklive and the disaster that is Startart, offset by maybe a few £k from KPOP.

DC will keep taking his 6 figure fees until the cash is gone, and enjoying the £millions he took from LVCG for Start art.....

For LTH's the dividends have been £NIL and the retained earnings have been £NIL.

The brokers note is pie in the sky - related party marketing as per the disclaimer in the RNS.

I know that hurts the positive crew and will attract hate, but it's an honest assessment of what is rapidly looking like one of my biggest investment mistakes.

Careful gents.

There's a risk of common sense breaking out here - that's only going to provoke one outcome from certain regulars.

I would stress to other posters tonight that none of this is nice, or what any of us want to see - but wishing it away isn't going to help our investment at this stage.

The issue is what can we afford to run after London - if this doesn't pay off.

There is no cash left, we know this from the massive loan taken to make the O2 happen.

If this doesn't come out of suspension before the concert we may never get a chance to find out. I am genuinely concerned.

There's a limit to what we can borrow and what we can raise from investors (again)

I believe Private Ryan is referring to the following from MB10 on 30th August when defending the company on accounts release....

"Very soon. Within a week.

As I said anyone suggesting otherwise is scaremongering."

And here we are 1 week later Knigel - I guess there will be more abuse and demands for apologies...

This is a classic case of the bully boy stuff I noted earlier from certain evangelists.

"And on the bully boy stuff, I think everybody is big enough and ugly enough to stick up for themselves. An echo chamber benefits no-one and I don't think this forum is one."

That made me smile - I'm absolutely certain there's plenty of us in the big and ugly category :-)

I genuinely agree with you that an echo chamber benefits no-one

I just disagree when you say it isn't one - it feels like it is with a couple of particularly evangelical posters.

Mind you, today's threads have been perfectly well handled :-)

Food for thought - I'm in 2 minds on your last point:

On the one hand does posting in this goldfish bowl really impact on SP? Probably not.

On the other - if it does then I feel genuinely uncomfortable being artificially positive to reel in more "suckers" if things are not all rosy in the LVCG garden.

I can't help trying to be honest with my fears and expectations - I'm all too aware that "triggers" some who do want to be positive all the time, but it's a public message board for both good and bad.

but to be clear - I have no issue with you at all Knigel for your view.

How do I "bail out" Knigel? We're suspended for a minor reason we don't need to worry about? ;-)

I did say there was a balanced view either way - I didn't say my overall concern is cash flow or whether the company has a future... I said it's possible both ways in my opinion - after all we're borrowing a lot of money at a high interest rate just to fund the day job so to speak and chasing funding through any means possible (Jason Lee, Riverfort etc)

I will wait beyond the homespun maths on a message board to decide which way I think we're going.

You're welcome to a view on future share price - I respect yours as long as we're both equally respected and entitled to our view. As you point out, nobody actually knows.

Sadly we seem to get a bully boy mentality to anybody not being positive right now - that's what's causing a lot of bad blood.

Genuinely hard to call Jimmy.

On net book value we're at a fair price, given we lose money every year. It's all conjecture right now what Startart will do, how Bricklive will fare and whether these high cost high risk events pan out like O2.

In my view there's a balanced argument that we get a long term recovery and an equally balanced argument we're on the verge of a cashflow insolvency. Only one seems gets the repeated airtime here which is why many of us are fed up.

I want DC to stick smaller, to what we can afford and prove works before we start getting grandiose ideas.

I invested many moons ago when Frankfurt was supposed to be the start of a massive uptick (which fizzled out rapidly after may 22)

Many of us have known this for a while Simple.

There's nothing minor about what's been going on - or indeed our ongoing share suspension as a result.

The FLEX thing is only good news for us, for example, if it makes money - so far we have no outcomes that back that up.

I hope DC isn't over-reaching again into yet another shiny idea he hasn't got the cash to service.

Anyone suggesting you can rely on a message board where somebody spoke to someone else is gaslighting.

The company are not legally allowed to distribute real news via unofficial means - if there were any plans to wind up the company Sarah wouldn't be able to confirm it on the blower to anyone. In fact anything said over the phone should reflect RNS releases only.

Must be positive, must be positive, must be positive.

as our remaining investment disappears at the hands of this incompetence. Gaslighted by MB10 - everybody's hero...

companies house today as per Dasalus's note

Registered office address

3 Park Court, Pyrford Road, West Byfleet, Surrey, England, KT14 6SD

Company status

Active — Active proposal to strike off

Company type

Public limited Company

Incorporated on

23 June 1959

Maths not your strong suit as per usual?

Maximum £3.8M revenue (if we sellout) with a Minimum £3M cost base - then we have to pay the debt....

Another top class RNS to cheer us up as we sit in suspension

Must be more positive, must be more positive, must be more positive.....

So for 3 nights 51,000 ticket sales at an average of £113 if I recall posts here past weeks? £5.7M maximum revenue

Now it's 2 nights 34,000 ticket sales max - at the same average of £113 a ticket that's £3.8M maximum revenue

Costs will not scale down by 2/3 but we were led to believe it was £4M for 3 nights so best hope £3M for 2 nights all in.

We owe £1.6M in debt repayment before us LTH's see a dime.

How are we doing for these £Millions profit?

Thanks Sue

Yeah - unfortunately they do release rows in blocks for H&S and to space out a crowd, so lots of the grey dots (in whole lines) may well be unreleased yet and not sold - I was hoping you may have had another source of info - thanks anyway!

Hi Sue - please could you advise where you got this info on ticket sales from? Thanks.

So you are the judge again on all things

Not an opinion - it's a fact I'm 100% wrong ;-)

Let readers judge the content and character here

attack, attack, attack....... yawn

Knigel - from the brokers note directly:

DISCLAIMER: Non-independent research

This note has been issued by SP Angel Corporate Finance LLP (“SP Angel”) in order to promote its investment services and is a marketing communication for the purposes of the European Markets in Financial Instruments Directive (MiFID) and FCA’s Rules. It has not been prepared in accordance with the legal requirements designed to promote the independence or objectivity of investment research and is not subject to any prohibition on dealing ahead of its dissemination.

SP Angel considers this note to be an acceptable minor non-monetary benefit as defined by the FCA which may be received without charge. In summary, this is because the content is either considered to be commissioned by SP Angel’s clients as part our advisory services to them or is short-term market commentary.

Knigel - the broker was a NON-independent source - as admitted in their own note and why it wasn't an RNS.

So yes - they could well have been ramping.

I don't accept or trust the broker's note as fact. Sorry