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And we've now got 5 or 10 year rights to hold a Formula E race in a location that doesn't sound financially do-able. So what does that mean for the LCSE division? If it is breaking even every year, then what use is it to the group? Sell it off
Agree as long as it makes money then who cares. Given the lack of execution in recent years however, is it not time to find a buyer for these deals and bricks, then retire (semi) gracefully? If SBS aren't involved then the line up will be rubbish and the tickets won't sell.
So Frankfurt is now taking place outside the stadium, whilst another kpop gig happens inside? You couldn't make this up...
Buying not selling :o
Put us out our misery DC and sell the lot (please) close down the shop, enjoy your retirement and rescue abit of karma back by giving SH’s a dividend from the proceeds.
Duel concert....what could possibly go wrong :/
A previous share holding is having a class action against it, early next year. I wonder if the same will be required here...
Previous webinar before suspension, he said the company would 'look very different' come October. I can only hope this 'looking very different' means he is selling off as much of it as possible and returning a dividend to long suffering shareholders.
My guess is accounts are now ready and they are waiting for some positive news / deals to land before unsuspending. Just a theory.
I would prefer he sold the lot and put us all (and him + employees) out of our collective misery.
It is unbelievable to think, after all the failures of the kpop division, they again tweeted to fans that they would be announcing the first acts at the beginning of the month was it? And then, after everything that has gone on, they miss that deadline and treat the fans to radio silence.
I agree kpop lux is dead in the water now, after that. Flabbergasting amounts of sh 1 t housery from the company.
If I didn’t know better, I’d say some of you seem to be enjoying this abyss we find ourselves in.
going back to the last webinar, to think he was telling people to buy before the suspension. why would you do it.
it's one thing to mismanage a company due to incompetence but its another to actively tell people to buy shares, when you know there are multiple **** clouds on the horizon.
the only way out of this for shareholders is if he is working on pulling some mega deals out the bag. for all the slating he gets, he is an outstanding deal maker (execution obviously sadly lacking). that is our only hope imo, because in present state the sp would cave upon relisting. and i am being open to the small possibility that there still could be a positive here, appreciate not everyone will share that!!
And to think they were bragging about passing the extensive vetting with this new auditor. I wonder what that initial due diligence was. I wonder if it went something like this...'have you got the money to pay us? Yes. Right, vetting complete.'
Me neither. I'm going to dump at any price because I don't like money.
Have to say I do the same. I have alot of money invested here, and know I'm not alone in that, and so I think it is very disrespectful of the company to treat shareholders like this. Even more so, given the misleading talk before suspension.
Nothing new under the sun with AIM, but why not buck the trend and put yourself in shareholders shoes for once.
So September 5th LVCG tweeted
'first artist to be revealed this month, with the full line-up unveiled by the end of February. Don’t miss out – get your tickets today!'
And here we are 2nd October and nothing. Why set yourself a deadline you might not keep?
If there was a playbook to massively alienate fans (and shareholders), then this company seems to be following it to a tee.
Looking at comments, fans seem remarkably forgiving. So long as SBS are involved it seems...
Last chance saloon for the KPOP division this.
Simple I do agree, unfortunately for us all. Although StART acquisition price is linked to certain financial targets, if I recall correctly.
Hughes he could have diluted numerous times this past 12 months and hasn’t, so we can only hope that continues.
I think lets wait and see what the next few weeks bring. People writing this off and we don't know anything yet.
We need to see some numbers for StART to in part justify the acquisition price. And then numbers next year need to fully justify the acquisition price. Never mind valuations from third parties 12 months ago.
We need to know what the net profit/loss is for Madrid and London. We also need to know the warts and all of what that loan has cost the company.
If KPOP is to continue, and we can only assume it will with what info is out there currently (Frankfurt next year), we need to know what actions will be taken to avoid mistakes that have happened this year. There needs to be some accountability, and if it is that SBS are partly to blame, then that is on LVCG, because SBS is a key part to this puzzle, so it is LVCG's job to ensure SBS are more onboard and flexible, otherwise it all falls down, like we saw with London.
And we need to know what the plan is to fund the business into the new year. Presumably they are not rolling around in cash, based on the loan.
If BrickLive has not turned a profit again this year, I personally would like to see some of these assets sold off, to fund KPOP next year (provided line ups and tickets are visible well in advance). This seems like the obvious route to profitability to me.
Truth bomb - baseless scare mongering. Good luck with all of that karma you're collecting.
Sarah has said the accounts 'are getting there'. I think PrivateRyan's point that London may have created more work with the accounts seems a very possible scenario.
The other scenario could of course be that they found big problems with the accounts. My gut says if that was the case I don't think Sarah would be messaging. I also don't see the logic of bringing in a new auditor, with the increased due diligence, if there were problems to be found.
Seems clear that profitability this year is not going to happen. The only positive is that the SP never came close to reflecting the BN numbers. At £5m mcap, with BL assets, we were never far from the bottom at 2p.
The market predicted what us shareholders didn’t, that they would be unable to execute these K-pop shows.