Member Info for Bennster

"We still don’t know what is happening and why StartArt is a valuable addition to the group" - agreed MB10
The last RNS said: "We continue to consider how best to progress our digital offering to the income stage" - which is speak for "we haven't made any cash yet and are trying to work out how to"
"then there is streaming, merchandising and sponsorship to come for the O2." Is there? How much? what will this event cost? Frankfurt ended up making nothing.
"there’s the £300k plus from Jason Lee we don’t know about, costs for bricklive have been reduced by 43%" - OK, so we get £300k over a period of time as a licencing fee and subscription but tell me at what cost? What is that £300k buying from us? It's not given for free, I'll tell you that for sure.
Bricklive revenues are disappointing as per the last RNS - overheads need to reduce to make financial sense continuing at all with Bricklive.
All I've done is pointed out the reality - we know nothing.

I know it doesn't sit well with some here, but I do understand it and have tried to explain - not as a troll, but as a disgruntled holder wanting to see better.
We have no profit - we are running at a loss - forget gross profit, ultimately for us a shareholders it's all about the end result. We hope Formula e is happening and we hope that it'll make money, but we know nothing.
We hope O2 in November will generate profit - but we know nothing.
We don't even know what the £300k we received from Jason Lee actually gets him and what future share of revenue we've given up in this partnership. We hope for lots but we know nothing.
I, like many here, can envisage a bright future, but the hopes wear thin for some when they are never backed up with hard cash - and so far LVCG has not made money or returned cash to investors - it is promising to place further, which dilutes us more.
The interims are the only data we have and they show a shrinking balance sheet, almost no cash left and a loss for 6 months where the revenue tripled.
The reality bites - that kind of performance will scare some away.

That's just falling.... :-(

You're absolutely right TSG.
I am choosing not to sell because I'm at a loss too, and still have hope this will improve. I am also finding it painful though because the opportunities out there and the execution by LVCG aren't matching up right now.
It is truly worrying that there are some large sells going through at a guaranteed loss. I have to hope it's failed punts rather than "in the know" sales.

John0507 - filter the menace.
Simple Investor was spot on - the pretty green box is so much nicer to look at and as Dasalus points out the rest of the threads are much more balanced.

Maybe Knigel, but to be honest the track record of promises and hearsay I would much rather business deals like this come out in an RNS - after all if we have a share of K.FLEX with someone then that's material to our SP.

My head is in the same space Knigel - not sure I've seen any RNS on the fate of KPE - if indeed that has died a death?
I would love some clarity on who owns what with the whole K.POP/K.FLEX/KPE saga
Somebody will do well out of this activity in the coming years - keen to know who is involved and how.

I didn't read the RNS as a partnership for South Korea - purely because I assume that market is already totally crowded by domestic players - that's why our KPE was excluding that region - but again some clarity would be great

Now I know that optimists hate a realist question, but for the sake of balance:
KPE have indeed been removed from yesterday's RNS. Why?
Because this concert is part of the new K.FLEX empire. As per the 30th September RNS:

"I am pleased to confirm the establishment of K.FLEX in Seoul in partnership with Jason LEE our partner in the highly successful StART Art Fair Seoul. This new partnership will involve the payment of £300,000 to LVCG as the start of a continued investment in our K.FLEX business. This will be in the form of a cash subscription and annual licence fee payment details of which will be announced in due course."

So - how much of this show is Jason Lee/K.FLEX partners and how much is us? Have we been paid a flat £300k as our share of this? More questions for me I'm afraid.

All the best PS. You'll not be the last I suspect.....
shame.

I wonder if this is low key because it's a dress rehearsal for next year - a tester maybe with lower profile acts?
If it doesn't return a profit but it makes next year a bigger hit then it's worthwhile.

good link MB10 - unclear (like you) as to the manner of news release in a side sentence of interims....
Will look forward to seeing how many days, what acts are coming at short notice etc.

somebody needs to tackle him though - I don't see any of the optimists doing it. If not he contributes to a boiler room atmosphere and new readers are unclear as to his background. Yes, probably stooping to his level is a bad look, but today I'm angry and letting off steam a bit over the "transformational" RNS.
I make sure to respect and respond correctly to you, MB10, Knigel, Simple Investor etc. because I might gain useful knowledge. I would appreciate if you and other constructive posters took on the misleaders too.

You contribute to this when you call out some and not others.
You have a very optimistic outlook, which is fine, but like others you find it hard to back that optimism up when asked.
The conversations can be constructive but not just because you agree with one viewpoint - I always quote data and RNS when I make my points, they just don't suit your narrative do they?
I would very much prefer constructive chat but this Tintin clown prevents that.

It makes me laugh on a bad share day - to imagine DC at the other end of a phone whispering to his wife "it's that wierdo again love"
"tell him we're going to make £100M Dave"
"You are evil my dear!".....

or maybe I am.... sorry my medication is overdue

Guys - I just spoke to DC!
It was amazing - there was this strange light coming from the phone and I felt the love. I suddenly understood that this company (with losses and a £5.2M net book value) is actually a diamond and in 12 months there will be a sale for £100M.
I get it now! we'll all meet in Barbados and have such a laugh about this over Champagne ****tails.

He wanted me to send a photo of my bottom, don't know why or what his plans are but I'm not lying.....

"Hugh i didnt lie there was news on o2 and i just spoke to dc now there will be an rns monday but maybe not a 7am rns regarding o2 tbere is a lot more news he cant discuss but personally his plan is to sell tbr company for a £100m and i asked him how many years, he said theres no reason why we cant achieve this in the next 12 months"

Ha ha ha!! you are a comedian aren't you!!! DC spoke to you today and reckons somebody will pay £100M for this inside 12 months..... Walter Mitty at his finest!!
Where do you get your fantasy ideas from?
Did he speak to you directly through the tin foil hat?

Hughes Leisure - In defence of DC - I think it was Tintin who was spouting "transformational" wasn't it?
Or has DC been at it too and I've missed it?

can you confirm that the 10% is of £10M then? Where is the black and white that we get 10% of £10M
The trigger for Startart is in black and white - but not the guarantee we'll get it.....

OK - so now rumour and promise is guaranteeing a profit of £millions?
I fell for that with Frankfurt.
Start art is making nothing - read the RNS...
Formula E is not yet confirmed, let alone any firm profit numbers...
I'm not having a pop because you are optimistic but can you back any of these numbers up?