Member Info for Knigel

Rio, sometimes I type too quick and don’t read again my comments - i meant “may” re Start.Art which gives a different context sorry

It’s simple - the timing is dire - why not acquire Start.Art when the shares were at 10p and not back at the lows? Plus placings are only good if the acquisition will grow eps in the long run - agree that it’s not a massive discount (ie at 2p) and the acquisition is at 6p and warrants at 8p - but we are entitled to be annoyed with DC - but I am still overall positive here otherwise I would have sold out. KPOP can be massive going forward so let’s see what news flow we get now

My average is 3.5p mate - so that blows your assumptions out the water - you keep boasting that you got more shares - will you tell us when you sell out? I doubt it... you are just a wind up merchant - filtered

If you are happy with up to 50% extra shares when the share price is at its low point - on an investment we don’t have much detail on - then I simply think you don’t know how placings can destroy shareholder value - see MOS and VAST as two examples - the only positive here is that we should be making profits now and START.Art now look like a good deal in the long run. If you also can’t understand that we are happy with the company model but not happy with the DC and his timings re personal gain the I will filter you as winding people up is insensitive to say the least

It looks about right sorry - although at least some of the warrants are at 8p - but if only they had done this when the share price was 12p as we would then “only” be talking about 40-50 million extra shares - placings limit future upside unless the extra profits keep EPS similar or unchanged - that’s the argument DC needs to answer imho thanks

Last point - that’s why if KPOP really did take off and LVCG started making several millions profits per year - there’s a good argument for share buybacks rather than (or as well) dividends - be interested on DC view here - although stopping these constant placings has to be the first goal re PIs interests

Do you have a breakdown - reading the RNS I make it nearer 80 million (still bad) including if all warrants were exercised - agree we are talking about significant dilution either way..spread over several years re EBIT targets being met..

High, apologies but you didn’t need to say sorry because I was talking about a different poster - if this poster think gloating somehow helps a share price - that’s a first... as for the pipeline - at least one more KPOP concert and several new BrickLive events will do fine ...

It’s 3.3 times next years turnover which I suspect the valuation is based on - maybe there’s a decent profit margin? DC probably thought the best option was to sell to LVCG as he gets cash and also benefits from any future share price rise - plus he thinks the divisions will work with one another better - but he could have waited (as I said earlier) and/or out the company up for auction to the highest bidder - so he definitely needs to spend some time explaining himself at the presentation as I suspect he will be getting quite a few questions this time!!!

Alfreddie seems like one of those usual posters who enjoys other people’s losses so that he can buy in on a low point - boasts about his trades BUT will almost certainly not say when he sells out - personally I wished I reduced at 10p but my average is around this level so not the end of the world - but the reason some of us aren’t happy is because we thought DC might have changed and stopped using LVCG as a vehicle for him to make money selling other companies into it - and having a placing at the share price low point stinks and is just because he gets extra shares - and he knows it!!! However not going anywhere and I will say if I reduce here - hopefully next year after winning extra KPOP concerts..

He didn’t name his price - apparently there was an independent valuation - of course one question to ask at the presentation is “name the valuation company and how they calculated the value and how will EBIT literally treble in a year to £1.4 million”.. he sells a good story but rarely gives us the details..

We know one tactic of trolls is to scare people into selling so they can buy in lower - however on this occasion it was DC who did the damage - did the dilution - if this poster can see the future - great! Some of us added at 5p - like Sue - and thought it was at the low point - don’t gloat because it may go under 3p re the current market sentiment even though most of us still see upside on KPOP news

Let’s see what the other resolutions are first like on Director pay... I guess then I might email HL to register my vote

Alfreddie - I guess DC argument will be that LVCG will benefit from having four 100% owned divisions all working with one another and Start.Art will grow significantly over the next few years - so it’s a win for him and a win for LVCG - that will be his argument.. the opposite view is that he has done it at the wrong time re share price - it dilutes us again - they wasn’t a warning and he benefits significantly (again). To gain any trust now he MUST stare this is the last time he puts a vehicle he owns into LVCG and he apparently does have stakes in quite a few subsidiaries (most probably dormant) so that’s the concern going forward

TinTin - he looks like he has been beaten up already!! He knew this would go down like a lead balloon..: there are shareholders that should be as angry as us - Milton for example??

If true (say £1 million profit) then not sure they needed the “small placing” (DC words) that was for the expansion of the divisions (excluding StartArt) unless he needs several million - the KPOP money is now/due in and this is a top up ... but we don’t want any more placings this year thanks!!!

I think we all need to send the same question to the investor presentation “why do you treat Live Co as your personal lifestyle company”? If there’s 50+ submissions it be hard to ignore the question ..

There are definitely a few questions I can think of to put forward to the next investor presentation presuming DC is willing to answer them - many of us knew (even if vaguely) about DC when investing but I agree I got over excited about KPOP and didn’t think he would dare acquire Start.Art this year - wrong!! Not sure none of the future profits will reach LVCG as eventually shareholders will have enough and vote against resolutions or even start an action group - at the very least he must be made aware he simply cannot continue doing this!

Barnyards, it’s a mixture isn’t it? Shares at 6p and the consideration paid and dates depending on EBIT which apparently increases sharply next year - I guess via South Korea electronic forms sponsorship - maybe a KPOP concert in Seoul at the same time? Wouldn’t surprise me - it might be a decent acquisition in the long term as online is the future but the price seems high and the share issue at the wrong time!! Plus there was no hint (although some posters did warn). I don’t like placings because they limit future share price upside - they only “work” if the extra profit generated makes up for it re EPS ratio - the planned expansion of BrickLive, KPOP and LSE and this acquisition “might” generate extra profits but we are talking years and DC forecasts will be hard to believe going forward as trust is zero now. Post later...

Not disagreeing that he has been a fortune out of LVCG over the years with his deals and other shareholders have not benefited - also agree AIM rules need tightening re Director deals - I just think he would like the share price to increase in the longer term presuming he has an end game - I try to stay positive even on crap days when there isn’t much positive to see - I guess holding LVCG shares is never boring with a history of dire RNSs and multiple placings and decent RNSs with new divisions and income streams - I will still hold as I was always going to but my exit point has probably been kicked into the long grass and I repeat DC has a lot of explanation to do and will need a rabbit or two to come out of a hat to call shareholder anger here - off to work so try to enjoy the day all - even if it’s too hot for me