Member Info for Darola

how to get in touch jw?

a retail park be me has an iconic bricks dinasour trail. i took a look at their website and it’s basically a reinvention of the old bright bricks. led by duncan the old founder. just goes to show how incompetent dc was. duncan started bb and lvcg bought it as a thriving company for 8m - although i don’t know how much of that him and his partners saw as it was mostly tied up in shares. on exiting duncan has started again and is building another thriving business - he slready employees more than 10 builders. so there was/is money in the bricks. dc unfortunately a genius at business structuring, funding and capital markets but a **** business man when it comes to making money for anybody else.

whilst i don’t generally wish bad on people, i wouldn’t be disappointed if the title of this thread was true. this is a bull**** response i got from david in 2019, where he believed he’d sell lvcg for £4 a share! something he also conveyed to me face to face at a brick live event. needless to say i’ve lost a lot of money here since“ my opinion is that the value of the company will not just rest on the p&l, it is my intention to sell the company to a large company so the p&l will be more attractive to them as we are able to get rid of £1m of plc costs. that said it is my believe that the acquisition will be based on our strategic relationships, ip and global network. sat here today it is still my aim to sell the company for £4 and see no reason why this cannot be achieved.” david unfortunately is a lawyer by trade and i now realise he is a genius in company structures and shuffling money between them (and him) in plain sight of any regulators. it’s only ever been about his bank account, in 30+ years of running companies he has absolutely no lasting legacy. he took a thriving bright bricks and reduced it to ashes. there is no hope here, just waiting for somebody to finally turn the lights off.

DC has a creative interpretation of profit. In the past they’ve made an EBIT profit, but a £2m+ loss after costs. But he’ll still tell anybody that will listen we made a profit.

Story is here; https://kbizoom.com/legal-actions-initiated-against-a-fake-event-that-announced-it-is-inviting-winner-pentagon-weekly-etc/ - SBS has a revenue in excess of 500m a year, so pretty big to get in to a fight with, especially as trade marks and IP ownership is pretty new, could the claim it was stollen? Even if the are wrong we wouldn’t have the resources to fight them. Best bet would be for DC to sell them the IP etc in an out of court settlement. £50m should do it!

Is it just me, or has the NME article disappeared?

Yes it is. Improving his own personal wealth by over £1m (shares in KPop, StartArt and various consultancy fees) whilst residing over a 65% drop in share price 7.55 > 2.75 in last 2 years if we use todays date (not to mention the 95% + drop in subsequent years) this does take a special sort of person…. just be nice if he could at some point make some money for his shareholders. 4 years+ and waiting…. ALWAYS a jam tomorrow story here. And Covid didn’t cause the decline, it was well underway before then…. DC is only interested in one persons bank account, through decades of loss making companies he has built a very lavish lifestyle. Homes in London, Monaco and Italy. A £2m vintage Aston Martin and other trinkets. But find one investor (not trader) that he’s made money for - you can look back 30 years. There is nobody!

No been in since the acquisition of Bright Bricks. A stop loss is good in retrospect but you can read on here, there is always a “promise” or carrot dangling in here, some reason why the drop is wrong or the value not realised. And eventually your so down you cling to hope, then it gets so low you just accept a total loss. I’m financially secure despite this, so sleep at night. But I know many others that this share has destroyed because DC always promised but so far hasn’t delivered. Full accounts year on year, always a net loss - that’s a FACT.

Not trying to spin anything full study here from an academic, rather than DCs self penned Bio. I don’t hate him. I just don’t believe a word he says anymore, the finger points squarely at me for being naive. Let’s bookmark this and come back in another 4 years, ONLY time will tell. But the history doesn’t look good. (30 years, not just the last 2).

https: //core.ac.uk/download/ pdf/43662.pdf

I’m just replaying the facts. “ restructuring of management” generally means he was sacked.

I spent the first two years deeply invested here, emotionally, financially and intellectually. I know more about LVCG than the vast majority, but my rise coloured spectacles are now off. Only time will tell who is right, but with DC involved nothing will come off any of this, it never does. Any spare capital or opportunity to dilute it spent on another “start up” with a large chunk usually going in DCs direction. If he leaves and a more competent CEO takes the helm, then just maybe.

Yes I did. My average is 57p - so a long way to go for DC to return the value he endlessly promises. As you can see no point in selling the damage is done. Balance sheets don’t lie. 30 years of continual losses - and all based on Jan tomorrow. Otherwise DC would keep his income stream going. Like I said a genius at sales.

Viz this rhetoric on DC founding sky - utter c**p.

“The continuing losses led to a what was termed a "restructuring of management". Jim Styles was brought in as Head of Sales: an Australian veteran of nearly thirty years in television, he had first worked for Murdoch at Channel 9 in 1958. Shortly afterwards, he became Managing Director in place of Cox, who in turn became Deputy Chairman under Cruthers. At the same time, Ciclitira left, to join the former MD of Carlton, Mike Lucicwell, at the Parallel Media Group, a company specialising in sports marketing and media promotions.”

Sorry but blah. Blah. I can read any “jam tomorrow” view on this company for the last 4 years and all of it comes to nothing - granted covid was unforeseen, but there is always an excuse. DC has only ever run loss making companies in the last 30 years - FACT! He has created no profitable and sustainable legacy for shareholders in any of that time. Read up on what turned in to sky. When DC was involved before it sold it was heavily loss making. Robert Maxwell turned round the scraps of a “shell” in to Sky, nothing to do with DC. He is a wizard with company structures and makes his money from creative startups that provide him with capital from dilution at our expense. He is good at starting things, but is not a completer finisher - history proves it. I was naive, along with many others. DC is a remarkable salesman. We can all prospect on what this “could be” but the share price right now, and it’s continual fall for 4 years tells us what it actually is. Let’s see if the leopard can change its spots.

£100m! LOL. I believe DC as much as I believe tintin! 3 years ago he told me we would reach £4 a share - both face to face (at Bricklive) and I have it in an email. And where are we today? No point me selling as I’ve already written these off, I keep them on the off chance that there is actually a magic bean here. But DC has absolutely no track record of creating share holder value in over 20yrs - unless you’ve traded in and out which is not really investing. Guy is only interested in creating money for him and his close colleagues, we are just collateral damage in that objective. Time might prove me wrong, but I’ve been here over 4 years and so far DC hasn’t delivered anything other than an endless chain of loss making subsidiaries…

DC really is an expert in company structures, mergers and acquisitions. It’s how he spins plates and makes money. Taking £6m out of LVCG for his art folly. Been here for 4 years and cling on to the hope of getting my money back ——what a fool I am and continue to be.

As per above quote Doors ARE responsible for the marketing, but doesn’t seem to be particularly viral vs the interest in “KPOP Flex”. I assume if the response in significant they will have to RNS as it’s significant revenue - I-e would materially impact the share price so must be disclosed.

Try again! That’s what happens when you narrate a post walking the dog and don’t QA it!!

I’m genuinely baffled by this. Doors has no Twitter account, it hasn’t updated its Facebook page in months! No traffic to the Instagram page – something like 1000 views! So how exactly are they making the millions of people on TikTok and other Chinese social media platforms aware that this is even happening? We actively know about this activity but it takes quite a bit of effort to even find the link that takes you to book your tickets. So any hope that they will have millions of viewers seems ridiculous compared to the marketing effort?

I’m genuinely baffled by this. Goals has no Twittet doesn’t updated his Facebook minutes! No traffic to the Instagram page – something like 1000 views! So how exactly are they making the millions of people on TikTok and other channels social media platforms aware that this is even happening? We actively know about this activity yeah it takes quite a bit of effort to even find the link that takes you to book your tickets. So any hope that they will have millions of viewers seems ridiculous compared to the marketing effort?

I challenge anybody to put on an event with ~70k attendees in a relatively small space and not get some complaints. Can please some of the people all the time, and all of the people some of the time. There are significantly more tweets praising the event…

I don’t have a grudge. I’ve been here for 4+ years - you? I’d have sold by now if that was the case. David always talks positive, it’s his job. I’ve got it in writing from him that he expected a £4 share price, something he also told me to my face. His words ive now learnt should be treated with some scepticism. And have no doubt, DC is here for only one person. He is a genius in company structures and subsidiary’s, he must have 20+ companies registered in his name and he spins up new ones on a regular basis. I’ve learnt a long time ago that his words are not generally backed up in the accounts. This time - as I said - I don’t think even he can misrepresent this much potential, the business may now actually be able to deliver the profits he has promised for years (last 20+ years David has run a public listed events company, find one year where he actually made a cash surplus). This time the goose has FINALLY laid a golden egg that is big enough to share, and not just to fund his lavish lifestyle in London, Monaco and Italy….

Unfortunately with David it’s always a bout matching his truth with reality - which means getting confirmed numbers. David has stated “we are profitable before”, at the same time the accounts showed a £2m loss - but then you get into the semantics of gross vs net! The real turning point here will be when we get positive accounts, that equally show David hasn’t gone back to taking most of it in salary. Much of the market is once bitten twice shy here, but personally I belive that the turnaround here is so big and repeatable that not even DC can balls this up…. *fingers crossed*

£11.95 to watch. Surprised there is no on demand option, but maybe there is something else planned for that…