Member Info for Knigel

LVCG tweet just out :-)

I presume there’s at least one 3rd party escrow account where the Frankfurt transactions are being reconciled so that a balancing figure can be transferred out (50% to LVCG?) so at least the company bank balance will improve. Of course IF there is an escrow account then there might be a case not to transfer funds out so that 2023 payments to artists/venues are available? Tbh the company needs to be more transparent on how this division works? Apologies if it is already clear in a RNS..

…but as we keep saying - you won’t get the answers here!!! Not from mere private investors … maybe you hope the company will read the thread - perhaps - but they will RNS the Frankfurt figures soon enough.
As for the SP drop question from the post below - it went up quickly and profit taking started a sell off and then lack of news kept the SP falling - like many small cap companies across the market thanks to the war. However it has been kept low due to a new placing and it will take a while - and some decent news flow - to push the SP back up imho

Btw of course being a discussion thread anyone can ask an question or make a point - as long as they acknowledge that sometimes it’s only the company that can give an answer! Applies to most threads actually… the best we can sometimes give is an opinion of what the answer might be..

I am not sure why this poster is being so awkward (imo). Sold out? Just impatient? Did get their questions answered at the last investor presentation? (Which DC wants to return to a monthly event). I totally agree this has taken too long and perhaps the company should do this work in-house or employ a new firm. Btw let’s remember we have four divisions now - all with great potential to expand and to cooperate together but I tend to agree DC needs to be clearer sometimes in the breakdown of costs - even if it is clearly complex..

Did you listen to the presentation? DC clearly said the event made a profit - which apparently is rare for a first time concert/festival and the a reconciliation is taking place but is being delayed due to the number of (I believe he said) cross party invoices. The final figures and the LVCG share is due to be confirmed by next month - so you should get at least some of your answers then - depending on how detailed the RNS is or whether it is disclosed in the first half accounts

Don’t forget DC mentioned that they might have to pay more for some of the premium artists - hence why sponsorship is essential and getting a better streaming deal with the artists - and perhaps a higher ticket price. I reckon it will be profit equal to a six figure sum this year - hopefully seven figures in 2023..

Excellent post MB10 - it’s not just this thread - so many threads now have one or two very active posters with either a grudge or issue with a company were they don’t hold any shares or ever say the reason why they post! I find it hard enough to find the time to post on the shares I hold let alone double the time posting on shares I will never invest in. Also it’s clear some get angry about their investment decisions and take it out on the companies - yet if they get so emotional re their bad choices then I suggest they leave it to an expert or invest in safer unit trusts!!

Plus it’s not dilution on a monthly basis - at least tell the truth (even if it has been too often for shareholder comfort and surely it has to end soon?)

It’s not as if he is sitting in his backside - three visits to S Korea in a month and I recall him saying he was going over there again this month - various news has been delayed but is still due next month. All I can say to posters so negative - I would no longer stay invested in a share were I can’t see any positives - I would sell and move on… plus most small cap shares are on their knees atm remember!!!

Another TinTin - positive one week and negative the next! They take us for fools - August is an quiet month and most of my small cap portfolio is flat lining so hopefully movement and news will come in droves next month

Strange to have so many trades in just a few minutes - probably the same holder..

Indeed: it takes one to know one :-)

Formula E London live on C4 currently - quite exciting actually..

Btw presentation recording and Q&A now available for those using the investor meet website

Looks like an after hours update at this rate - although the company has until the end of August to issue the results, they did suggest late July - perhaps they want to release other news at the same time???

Interesting.. we know how mental the market went with Bitcoin and other crypto currencies so that could be one of the next big sectors. Also Frankfurt is still (!) being reconciled and made a profit so not sure it’s fair to say nothing will hit LVCG accounts - might just be £10k or a significant figure - plus getting sponsorship across all 2023 concerts will ensure I believe a better return so no plans to leave just yet - but agree that the DC constant promises are wearing thin now...

Also if DC is now committed to a presentation on a monthly/five weekly basis then we simply will have to get used to the fact that sometimes there will be literally nothing to update and other months plenty of news to update. This was an quiet month probably because they hopesd to have news ready to announce but it’s still in pending mode for a few more weeks. He should perhaps have been more clear about this fact..and hold back on the tweets until he is sure..

TinTin - so cool fused about your 50th change of opinion - apparently you spoke to DC recently and after the call reverted back to your 15p target. Can you just stop the B S please? At least I believe MB10 re speaking to the company. As for the presentation - there was interesting stuff but I guess the disappointment is that we expected news on another KPOP concert today and not early September..

He did have a line about several “game changer” transactions in the works and the info on streaming arrangements going forward was interesting. Maybe one more event this year and up to six KPOP events in 2023 although he looked tired and all over the place - seems like we will have to wait until mid September for significant news ... also be interesting to see how many of the 350 artists are going to be willing to pay a monthly subscription to be on the StartArt platform.. at least it appears the e-formula event is still in track...