Member Info for Knco

You have been negatively posting way before it was suspended, you had plenty of chances to sell. I suspect you will not sell your holding if and when it re-lists. I think the vast majority will hold/add. Each to their own. Off out to enjoy my weekend.

No investment is risk free, if you don’t want to take risk, don’t invest in the stock market, i am fairly confident that the cornerstone will invest, otherwise they would not still be in advanced discussions, then again they might not. I remain optimistic.

The cash flow projections show that the Group requires additional external support in the form of an underwritten financial guarantee from the majority shareholder and a binding conversion of a loan to equity swap. This will enable the business to meet its financial obligations and comply with all covenants in our banking facilities.

The chairman has provided this. As i said let’s wait and see how the story unfolds.

So you are under the impression that a cornerstone would invest in Lvcg just for tax purposes? Do you know how absurd that sounds?

So we should expect all loss making companies on AIM to be approached by a cornerstone to make a quick buck.

Everything does not fall on this cornerstone but it would definitely propel the sp quicker than if they weren’t to get one onboard.

If you read the latest RNS it says the company will remain suspended until it concludes its refinancing arrangements, including the previously announced placing, following which it will clarify its financial position and seek a restoration of trading on AIM.

It does not say failure to to get an investment from a cornerstone investor.

I am fully aware why people are frustrated but slowly but shortly i think we will see a turnaround.

Right now there is a lot of ambiguity

Lets wait until news is published, i remain positive.

As i said in an earlier post, the logic behind the chairman having something up his sleeve is his £2.2m commitment. He has funded the company during the pandemic but never to this magnitude. Let’s be frank, you don’t just put in a couple of million pounds in a loss making company unless you are confident in the turnaround.

To reiterate, we are not privy to what discussions may or may not be happening.

I know the chairman is loathed by the vast majority of you but this does not mean there isn’t an opportunity to see a return on investment.

FYI I am a longterm shareholder so share your frustration but past failure doesn’t define or determine future.

Kpop is lucrative as we have seen in Madrid, turnout was 40k and revenues in the millions so there is definitely an appetite for K-pop concerts But planning and execution was abysmal which led to minimal profits.

I prefer not to look in the rearview mirror but to the future prospects of the company.

We already know they are in advanced negotiations with a cornerstone investor which may or may not materialise and steps have been taken to restructure the company and i think there will be some drastic changes.

You may have a difference of opinion and focus on the past but a cornerstone has expressed interest in investing in the company knowing full well the history of the company. Why?

They clearly see that there is potential in the company.

You make a fair point but as he has committed £2.2m at 3p, i think he must be extremely confident in the turnaround. He could have just let it fold as would most directors on AIM.

We are not privy to what is exactly happening but to to inject £2.2m at a premium, he must have something up his sleeve.

The company has a lot of potential, at one point , they were doing over 60 Brick live tours a year , covid is over and there is absolutely no reason why we can’t replicate that. The issue for me is the burn rate is still too high. They have made significant changes such as reducing the number of staff and salaries , which should reflect on the next set of accounts. Correct me if i’m wrong but i believe the average brick live order is somewhere in the region of £200k with a very high margin.

Kpop lux is also very lucrative but execution is key.

The potential is there and i’m sure they have learnt a lot from past mistakes.

I think the risk to reward ratio is good but we’ll have to wait for news to see how this unfolds. Good luck

To be fair, the chairman has injected a significant sum of money in to the company.

If and when it does re-list , i think it would be a great buy. The RNS clearly states they are in advanced talks not only with the cornerstone investor but with others regarding extending their offering to other territories, mainly Asia and the middle east.