Member Info for Jimmy_Stocks

Also 'time running out hogwash' was reference to time running out for shareholders needing to put a case together

Agree on that Bennster. And I am all ears as to why but I just don't see the difference if a case was put forward now or in 3 weeks. We've waited this long.

The group is called LVCG Discussion and Research. I'm Jimmy Stocks on there. Not sure if you can just click the group and request an invite but if not and then you should be able to send me a message and I'll see how admin can send you the link. Likewise to anybody else here wanting to join

And time isn't running out, that is hogwash. If there is a case, the chance to report it doesn't expire in 7 days time.

I want to see the plan first hughes. What top trumps everything else for me (and should be for any sane shareholder) is the company relisting and relisting with some semblance of a plan forward, so the SP doesn't cave.

Taking action against the 1 man that can turn this around...that doesn't help me at all with the above, so it isn't something I am going to entertain whilst there is still the possibility that he can turn it around.

Hughes I am not reporting anything until I see his plan. Makes no difference if we wait 3 weeks or do it now. Anybody saying otherwise doesn't have any money invested here and therefore their opinion is worth diddly squat in my eyes.

There is a telegram group already. Not as active chat as here. There are some on both already like myself, riosurfer is one I know of and I think Ludico burito (wrong spelling I know sorry :D) is in there also.

If we ever do relist, one of the key elements DC needs to address (if he ever wants to see any value in his shareholding that is) is that it is under new management and he is taking a back seat. Forget about any events or deals, that would boost the SP more than any event.

And I have heard that the sports events division washes its face, i.e. it covers its own costs etc. But, as we have seen with KPOP, there is always risk attached to hosting events, and taking a risk when the end result is that you break even, that is not a business I would personally involved myself in. Shame I brought shares in one that does, how stupid of me.

Every single one of them has been part of this massive failure, across all divisions. So yes, any sane management overseeing operations would conclude that ALL of the current team, certainly the senior team, do not have the nous and ability to turn things around and need to move on.

Hopefully it tells us the old guard, who have overseen this mess, are being shipped out in favour of new blood and DC is taking a backseat (we can all dream).

DC values StART at £5m was it? BrickLive £6.5m book value? Take away debt, leaves us with a valuation around £8m? So raising at a premium 3 - 3.5p seems fair, if that is his plan. Any less and he is undercooking the turkey, according to his own valuation and acquisition of StART, and would be short changing shareholders two ways.

I think they would prefer people write this off and go away quietly, but I certainly won't be. I have £50k tied up in this suspension at 2p valuation and over 50% down on my original investment.

RE the Insolvency case - If I want to register my complaint also, what is the process please. Thanks

Hopefully Euston he is preparing an RNS. He has zero trust in the bank for me to believe any words or sentiments. For once he needs to put himself in shareholders shoes. We have funded and supported his company for how long. About time he offers something back here, unless he wants all of his karma burned up in one foul swoop.

His highness is surely not going to leave shareholders squirming until the very last minute, is he?

*outsourced it anyway

Kpop lux worth even less than stART.

Yes rio, I understand. I do think the social engagement numbers show the appitite and given there were only looking to hold 3-4 gigs per year, I think the demand is there. Problem is the execution. Again just my opinion.

What ever happened to the Japan deal and the upfront money. And now I'm thinking, whatever happened to the £1m placing that was supposed to be so lvcg could produce their own content for these kpop gigs. Then they outsourced it anywhere.

And also this, £1m stake in Start.art for 16.3% equity - https://www.lse.co.uk/rns/LVCG/update-on-startart-investment-l9f9ddl5orm2sti.html

I personally don't think kpop is a fad at all. More the organisation from lvcg together with what seemed to be issues with SBS securing the bands and releasing them in a timely manner. And Madrid I wouldn't say was a success, but then we don't know the numbers, even after DC said he would tell them to us live whilst he was there (lol).

On the other point with Iconic, the numbers behind this agreement are material news and should be RNS'd. I also see your point guzzler on the outsourcing but given their track record of organisation and maximising assets/opportunities, I do think this might be the best option, if they are not going to sell BrickLive as a whole.

I also hope they let the kpop division fade away. Changing dates again, letting fans down, talk of gigs in carparks alongside heavy metal gigs....ffs just call it a day. Clearly the relationship with SBS was not how it was sold to shareholders. Hasn't that division got this company into enough of a mess already? And they are still considering more gigs!? F me

Some really good posts this past few days riosurfer. Questions that we must get answers to, especially considering the situation and the not insignificant chunk of 25% of the outstanding creditors relating to this transaction.

Thanks Rio. DC needs to come out and justify this £3.1m valuation or get the business revalued based on actual numbers, rather than projected. Obscene valuation for a company with those numbers.