Member Info for Bennster

I received the email at 15:33 from II - asking me to log in to my account and check the corporate actions.

I have the exact same corporate action email that father_Jack has posted here.

It's very real - we can all only hope II have jumped the gun here and that this relates to the extension to Feb 1st that AIM have granted the company.

Nothing to do with spreadbets Tintin. I hold shares in an ISA

Fair play Gumby - I also have this message today :-(

Too many are quick to judge if they don't like what you say.....

I hope this is a "if nothing else happens this will delist" message rather than concrete confirmation it is.

I have much of my shareholding in an ISA - which is a real pain.

I would imagine 10 working days Sue, but it's very possible it could coincide with relisting. A 2 RNS day.

Tintin - just breathe for 10 minutes, then explain why a "new cornerstone" investor with a significantly profitable business would team up with DC?

If I had a good thing I'd keep it a mile away from LVCG - and certainly not be wanting to allow my profits to inflate LVCG shareholders value.

No such thing as a free lunch.

I would hazard a guess Sue - but if there's a legal beagle can explain it better please do.

Resolutions go before Shareholders in an AGM or an EGM if required. I suspect DC is about to come to us cap in hand to say yes or no to some.

One appears to be routine, ratifying auditors.

One is a new director - that will be interesting, new investor or a replacement for SC?

Allotment of securities means issuing shares

Removal of pre-emption rights is the biggie for me - that's giving the current board (DC basically) the right to issue more shares without getting permission from us, to pretty much any level.

Tintin - take on board what ASI says.

Delisting is not liquidation. ASI is correct in his assessment of DC's options

Knigel - You ask a direct question - you deserve a direct answer.

I have been very transparent about my investment here - if I am prepared to see this with open eyes and that's a bad thing then I'm proud I'm negative.....at least I've learned something.

I bought in big tranches about 2 years ago as the build up to Frankfurt 2022 gathered pace - I too should have sold at 12p.

I bought because I see the industry/market that LVCG operate in as fertile ground for making money. The mistake I made was thinking LVCG would take advantage of this. I invested in the opportunity and I got the wrong company.

LVCG have failed at every single turn IMHO since I bought in.

Some of this I take responsibility for - bad research.

Some of the issues are not things I could have foreseen. so I don't accept responsibility for these (failed O2 concert, misleading promise, suspension etc)

I cannot support this view that 2024 means a bright new future, be happy and smile etc. I'll believe the hard data and the events as they actually unfold and comment accordingly. I will take the truth every day over false hope.

That's all possible RB - I obviously hope you're right.

My worry remains the over mighty Chairman - how do any of us get a narcissist to step aside and let the good things happen? Without that key step we can only expect more of the same.

I always shy away from SP expectations because there will be large dilution - if we end up with 350 million + in issue in the next 12 months, then just 6p a share would require a market cap of £21M... which is 4 x where we are now.

In reality hype and expectation will be the best medicine for the SP - that will take a huge amount of goodwill from here.

I couldn't resist a quick peek at the last financial data we did get...

Sept 2022 reporting the 6 months ended 30th June 2022

Total Bricklive revenue £548k (full year equivalent £1.096M)

Direct costs £796k (full year equivalent £1.592M)

Admin £343k (full year equivalent £686k)

Amort/Depn £531k (full year equivalent £1.062M)

Conclusion - stinking loss maker.

Always open to others immediately telling us it's a different model now - but logic dictates we can't practically double the revenue from the same tired sets and halve all the costs at the same time...

If we do double the revenue that's your £2M Tintin.

If we do halve all the costs that's still £1.834M - so minimal profit.

And then there's the contribution to central overheads which are separate in the accounts..... so nothing left for us at group level.

Happy new year all.

2023 has been a dog turd. Let's hope for better in 2024.

One for those of us trying to read between the lines - -a lot to absorb here:

I am happy to see Startart purchase finally reversed - that deal stunk from day 1.

I am happy to see debt to equity at 3p

I am not happy that "at least" £500k then gets raised at 1p

I am concerned that there's still a threat around how DC funds the company....what will that result in?

I still want to know why the delay with the accounts - I still believe the auditors think this ain't a going concern.

I am at least encouraged there's some news - I now conclude I'll have to wait till later in January to get 1p for each of my shares, but that's better than zilch.

Any Thoughts?

We need to have a small amount of sympathy for Tintin

He's finally realising what most of us knew months ago - that he's been done like the rest of us.

Switch off and have a good Xmas. We pick up the pieces in the new year

I'm assuming that you made his breakfast, he paid you then booted you out of the back door Tinitin.....

Tintin says DC is still eating his crumpets so please be silent and patient. He still has to have his shower and get dressed....

Tintin says DC is just on the loo so he'll make him a cuppa and then raise it.

For me the issue is about honesty and being brave enough to shout about it: and I do understand others don't see it this way, just want to wait etc. so it's not a criticism.....

The question for me is this: should we be patient and silent because DC is the only one who can dig us out of this hole and give us any ROI?

If that's the case I would rather go for him and bring it down anyway - rather than cower and fear him, try not to upset him because we're scared of his power. He's led us down a garden path IMHO

For me ASI is correct - if there's a case to answer it's irrelevant whether this relists or not, ROI or not - we've been badly let down IMHO and that man is the reason. The logical conclusion from the "wait and see" approach is that if this relists we should forgive and forget...

Being a captive to his whim doesn't sit well with me....he must face and accept any action for his behaviour/dealings - and ASI is also correct that LVCG shouldn't be paying his defence costs.

Tintin - offer me 3p a share - I'll walk the length of country to deliver them in person....

I can only dream of seeing my money again

Jimmy thinks it's a small minority who wish him ill and 50x than number are being patient....

I'd like to double check your maths Jimmy in light of posts here .... I may not post quite so explicitly but I share their view TBH

That's enough Tinitin - it's just embarrassing "passing on" this kind of carp.

If any of that was true he's have to RNS it not whisper this guff into your ear in bed.

Newsflash - the DC to Tinitin hotline got one right.....