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No need for the F word Knigel
That's our Achilles Heal at the moment.
Madrid had been a roaring success, there's a huge buzz building over London, and then there's the German promoter. I really hope the event does not generate the same negativity as it did last year
Don't forget DC mentioned a possible live update from Madrid.
If that does happen we should get some numbers, as DC said he was well versed on all revenue. Plus it would make sense to release London tickets and announce the headline acts off the back of a successful event.
Fair assessment MB10
I think a lot hinges on the level of success in Madrid. The online activity would suggest fans will have a far superior experience to that of Frankfurt last year. The icing on the cake would be live streaming of the event, perhaps even offering all the disappointed Frankfurt tickets holders a discount to see what they can expect in October.
I do have a question however
You mention £650,000 working capital.
Do you mean the £630,000 working capital investment paid to LVCJ KK and mentioned in RNS 07/02/2023 ?
If so, I'm still trying to work out who the actual investor is M Group, LVCG or both?
It also states the funds will be held in Japan and will be used for Kpop StArt and any other business opportunity.
I would appreciate it if anyone could break the RNS down and make some sense of it.
Why are LVCJ paying LVCG a license fee ?
and if M Group and LVCG are joint partners in all ventures though LVCJ in Japan what does that mean to LVCG profits ?
I must say, I'm not surprised the SP is dropping.
IMO the Broker Note was a huge disappointment.
No mention of LTH Intervention on the Short Term Loan Facility. Seems we are still at the mercy of Riverfort.
No mention of the deal with Birdman, and the alleged $1,000,000 fee that should have been paid in full by 30/04/23
Seems like the Nagoya, Japan Kpop Lux 2 day concert is not happening anytime soon, Remember it was originally scheduled for 10-11 June 2023.
Anyone else got any thoughts on what the BN didn't say
Not sure why I decided to take a look at the board at this ridiculous time in the morning.
(Been out on the lash)
But seeing there were already 4 posts already in the early hours sparked my interest.
However, it was short lived.
Simples, what on earth are you doing, its 1am on a Sunday bank holiday ?
Your rambling during a normal working day is, to say the least, a little disconcerting.
But this is beyond normal.
I'm a slightly concerned about your mental health, please take some advice and seek urgent help from a professional.
Blimey, I thought someone had heads up on some news for Frankfurt.
Morning TSG
I totally agree the problems are with PK events, the problem is LVCG (KPE) are taking all the flak as a 50% partner in the venture. I can find no negative news related to our so called partner.
This surely has a negative effect on SBS as well, hopefully they will step up
SP still being held back by the lack of news for Frankfurt. Even the thought of a 2nd day at Madrid would be suicide.
If the Brokers Note is backed up by suitable Headline acts for Frankfurt then there is no telling how high the SP could go.
Unfortunately with less than 4 weeks to go a successful weekend in Germany seems very unlikely
Thats the annoying thing 212hl
If someone has messed up the big announcement and released the info early, just leave it out there.
The cat is out of the bag and fans are now rightly getting annoyed. They can't take it back now without looking incompetent.
All hell has broken loose on Twitter & Instagram
Seems Shinee where there one minute and gone the next.
Clearly the biggest name on the line up, now fans are comparing Lux to Flex for miss information.
Couldn't make this up FFS
Hi Knigel
Unfortunately I'll have to correct you.
There were originally 5 listed for the Saturday and 4 for the Sunday. However, Blansk2y pulled out leaving just 4 on Saturday.
Personally I think 4 acts per day, plus 2 popular Headliners would be enough to sell out. But, unless they make a announcement this week, fans will start to bail out and spend their money elsewhere.
Frankfurt is clearly the 'Elephant in the room' everybody seems to be avoiding the subject.
Fact is, we are less than 5 weeks away, and still no headline acts announced.
Personally I am just hoping they do not announce a cancelation in the same RNS as the Broker Note.
LVCG seem to have a habit of trying to counter bad news alongside something positive.
I'm still in for the long term, ATM but if Frankfurt is cancelled, the knock effect could be catastrophic for Madrid and London. Dont forget London 02 2022 was cancelled at short notice.
It is quite clear the KFlex model is finished and Kpop Lux is the future of the company. Hopefully they be able to convince the fans to trust Kpop Lux as a brand, and disassociate themselves from KFlex
5 minute statement from DC
Https://twitter.com/LVCGplc/status/1656293116838567936?t=MPVlIGojdAdap49ZhVCayg&s=08
So DC has made a statement on Twitter, confirming the Brokers Note will be released this month, and that he will hold a webinar within a week after release.
JL funding not required, as DC delaying his payment for StartArt and monies from sale of unused Bricklive shows covering current requirements.
All sounds good to me, no further dilution for the immediate future
https://media.umbraco.io/live-company-group/utllbktc/lvcg-style-magazine-edition-one.pdf
Looks quite impresssive, something for new investors to look at, hopefully this is the start of real news flow, and maybe even the precursor to the elusive Broker Research Note
Heres hoping GLA
I don't know why we're even discussing London O2
Firstly its not until September, also It is billed as a 3 day event utilising the entire venue to give fans and the General Public an immersive experience of Korean culture. I'm quite sure the Korean tourist industry will do all they can to ensure the event goes ahead