Member Info for Bennster

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.

Or he can stick his fingers in his ears and cover his eyes (filtering) because that makes everything better.....

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.

TSG - do we know if DC intends to release the content of this webinar into a formal written comms, preferably an RNS?

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.

ShavingRyansPrivates:

my own view equally uninteresting to anyone is that you have an overweening sense of self importance-nobody cares what you think...

Your own words :-)

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.

Best thing you can do is switch off right now, maybe sober up.

Nobody has said any such thing here

Amen Jimmy.

He's ready to come out of his shell it seems.

I hope the webinar just announced will be followed up with an RNS outlining what is said - so that all can see the plan and it's on record for posterity. Sadly not all of us will be able to listen to the patter live.

We wouldn't want a sales pitch that doesn't have any solid backing.

If we DO get an RNS after the show, then maybe we're starting to see some change.

There shouldn't be things that cannot be said here!!!! That's the whole point.

This is a PLC not a boys club

I think we can all read - I want out.

I repeat I never said when or at any price, so I wait for my opportunity - that will be my choice as it is for all of us

In the mean time explain this one from yesterday:

"This will re-list and anyone who sells will regret it a few months down the line. I genuinely think that this will not only hit 10p but 30p plus, i know it sounds crazy but this will be a completely changed company. It’ll take time to reach its full potential but there is a plan and it’s not jam tomorrow. Gla"

Now we can see who you are. - want to carry on with the silly games?

And as for accusations of hypocrisy??

I've been absolutely consistent with my view from day 1. I have NEVER said I'll sell up for anything, just that I want to get out when I can.

I don't need financial advice from you or anyone else - nor does this board need your peddling.

Now for the record - here's my full take:

I remain invested because at this price it's just not worth selling. DC has injected support for the business (only a small part at 3p the rest is convertible loan notes, which you should read up on) so we live to fight another day.

Relisting below 1p is not wonderful news, but it's less terrible than the alternative.

LVCG operate in markets and sectors that should be very lucrative, but has repeatedly failed to do anything right. With new investment and new FD this could yet turn around, but we are still devoid of info on future direction of travel.

For me today's RNS is simply a stay of execution until we see the plan.

I am very annoyed some on here claim to be inside and know but can't say....

Yeah! that's right - can't beat the argument, so beat the man.

If you aren't 100% happy sell up - that way the evangelists can get the board to themselves.

Any more pearls of financial wisdom MB10, sorry Knco or whoever you are :-)

Newsflash - just because you are involved in something doesn't mean you have to be glowing about it all the time - in fact telling it how it is can be vital for balance.

30p soon eh?

That's right Jimmy - be thankful. Don't ask questions, don't rock the boat.

The good lord DC will provide.

Praise be!

BTW - I liked your last post, spot on.

He hasn't put millions in at 3p and 6p

goodness me

I wonder how many punters are jamming DC's phone now.... you didn't tell us this was going to happen David!!

You were robbed Urban Racer - you can have them for £800 now