Member Info for MB10

There are plenty of numbers on Bricklive and exactly what it’s worth, which can been seen from the past accounts and also from previous brokers notes. All of the model sets have been paid for already, so bring cash into the company, anything from £50,000 a month for some of their blockbuster tours like Brickosaurs. We also know that there has been a further 43% reduction in operating costs of the bricklive division, so that could be on track to breakeven as a division this year? The number of events booked for next year has gone up from 4 to 10, not bad at this stage IMO.

And it seems that some cannot recognise an insult, perhaps less subtlety?

Nice update. More events this year, and more than doubled the events booked for next year.

He’s right, there is a missing “r” in “pick” ;-)

If the EBIT targets for StarArt get met (2022 exceeding £488,000 and 2023 exceeding £1,482,000) which are figures in the RNS of 8 July 22 and which the nomad would not let them put in an RNS without evidence (which will have been from the independent valuation I expect) then on a forward P/E of just 10 StartArt alone would have a valuation of £15 million.

So they could sell startArt and all the stock of bricks (worth more than the current market cap) and return more than 4 x the current market cap and they would still have the 5 + 5 year Formula E contract, the efest, ocean race, cycling and KPOP business.

But the thing I’m most interested in is the statement “new revenue coming from the art division with Start Art in Seoul profitable from year one (2022). We are looking to develop our art offering further on a year on year basis and see potential opportunities for revenue growth by leveraging with complementary tech platforms in the block chain space. Brand ownership will be key. I look forward to updating shareholders in due course on the development of further KPOP and Art shows" and why Jason Lee wanted to invest £400,000 in shares at 4p (plus a £100,000 liscence fee) right now?

Messages of condolence going out on all social media channels. With the links to KPOP through the festival business and StartArt, reaching out to the Korean diaspora is important. A week of mourning in Korea has been announced. I would expect the forthcoming O2 concert, as one of the next events in the UK with a Korean focus, to include some kind of tribute (I understand that the team are already looking at what they can do).

Oh and in response to a asimpleinvestor, “most analysts” actually say you can’t pick the top or bottom in any stock.

https://twitter.com/k_flex_/status/1586668834605436928?s=61&t=FF1zA7MPmgbxr9vWYavxoA

We are deeply saddened by the
tragedy in Itaewon. There are no
words that could truly make a
difference at such a time. Our
thoughts and hearts go out to the
families and friends that have lost
loved ones.

Worldwide popularity of formula e keeps increasing. Gen 3 will no doubt see another upswing. That will all be good for sponsorship revenue and attracting the crowds.

https://hotmagazine.website/formula-e-delivers-record-breaking-global-tv-audience/
The ABB FIA Formula E World Championship has grown its cumulative audience for Season 8 beyond the record-breaking levels achieved in its previous season with a four-way battle for the championship, a new qualifying format and a return to racing in Asia contributing to the new highs.

Pointless commenting about the share price, but IMO when it hits the lows it’s the time to buy not sell (unless you are part of the” buy the spike sell the dip” crowd). The seller (likely the same person) will have left a sell order with one of the MMs. The fact that the bid stayed the same and the spread narrowed today is normally a sign that it’s done.

Tickets to StartArt London started at £17, so that’s over £250,000 in ticket sales. Some of the VIP events were a lot more too (£75 a ticket). All the costs were covered by the sponsors, and there will also have been commission in art sales over that period too.

Looks like StartArt could easily be on track to make the circa £500,000 in EBIT forecast for 2022.

Good. The company will have your contact details now. That will make it easier for them to track you down ;-)

That statement is on the company website and was tweeted from the company account, so it’s not just “ purportedly from the company” it’s actually from the company.

And as to your nonsense about not getting replies from the company, literally anyone who has ever communicated with the company knows that they respond.

I’ve always advocated that investors should listen to the positives and negatives, but you should always take account of the motivations of those posting so you can give the appropriate weight to the arguments/statements. So thanks for continuing to post as anyone reading will ascribe the right level of credibility to your arguments ;-)

PS did you hear the one about the company that strung investors along about buying an abandoned, flooded diamond mine in the middle of an earthquake zone that had been over mined and was collapsing with sink holes, so that they could offload millions (nay billions) of CLN shares ? How did that work out?

https://media.umbraco.io/live-company-group/nwfj5btw/response-to-allegations.pdf

Seems pretty comprehensively dealt with.

Given that the company in an official statement earlier today have totally debunked your “claims” and have stated that they plan to be “taking strong legal action against Seongsu-dong Media and anyone else making false accusations against us.” Its a gutsy move to double down on your nonsense.

Official statement from LVCG

“Live Company Group is the sole owner of the trademarks Kpop.Flex and K.Flex. These marks have been registered both in the United Kingdom and Internationally by LVCG. LVCG is the creator of both brands and all original design work was done by LVCG. LVCG is the original creator and partner of the Kpop.Flex concert and all relevant assets.

We are aware of the slanderous comments made by Seongsu-dong Media falsely accusing LVCG of hosting a fake concert and using the brand name without permission. We are taking strong legal action against Seongsu-dong Media and anyone else making false accusations against us.

KPOP.FLEX is registered in the UK under number 3721031.
KPOP.FLEX has an international Registration number 1660365.

K.FLEX is registered in the UK under number 3798371.”

Coming from someone that’s “researched” VAST I’ll take that under advisement thanks.

I’ve been privately warning people about vast since it was over 22p a share.

And let’s not forget that it appears that someone on here misled about a brand application in March 2001. But don’t believe me, check for yourself using the link provided over the weekend.

Try searching for “Seongsu-dong Media” and all you can find is a place. That’s more than a little suspicious, especially when you consider that LVCG and SBS are still in partnership to deliver Frankfurt 23 and O2 23. #justsaying

What’s clear is the LVCG have the rights to the K.FLEX format, IP and trademarks and in particular to use that worldwide. That reflects what lvcg have clearly messaged and have also said is “Completely unfounded we have all the legal documents and trademarks in place.“

Frankfurt 23 is a KPE partnership to deliver the festival, and O2 in Nov 22 is a non SBS partnership to deliver, but the festival being put on in both cases is a K.FLEX concert. Saying that the fans would be “confused” by the partnership delivering the concert is akin to saying they would be confused because the concerts are in different venues. Total nonsense.

Frankfurt 22 showed that the format was successful and has built a brand name as they achieved the minimum revenue guarantee of €350,000 for sales for merchandising. Frankfurt made a profit which was remarkable for new ventures (and despite what some try and portray, I understand in discussions with the company the boundary for assessing that profit excluded the merchandising revenue, which is why the RNS of 1 Jul specifically says about merchandising “and profitability of this part of the KPOP.Flex revenue pool”).

Get the costs down (remember that Frankfurt was extended to a 2nd day which was not full so will have reduced the margins), build the brand more, get streaming closer to the concert, or even live (which we have seen is very lucrative, high margins, low costs and very scaleable), and add in sponsorship (easier with a proven brand and format) , and this has the potential to make significantly more profit. It really is a golden goose and there are many potential buyers (Live Nation, AEG, Expolrado Group and SBS for starters). And anynone that doubts that DC intends to build it up in order to sell it just needs to go back to the statement when the first festival was announced “Furthermore with KPOP.Flex we are building an asset value which in due course could be highly marketable to large event companies. “

There’s even one registered as “SBS K.FLEX” and guess who is the owner of that one? Live Company Group.

Anyone can search the global brands database (link below) and if you search for KPOP.FLEX and K.FLEX they are all registered by LVCG plus there is no entry for 2021. And suggesting that KPOP and KPOP.FLEX or K.FLEX are somehow similar is nonsense too, especially when you look at the logo, which is a key part of the IP.

https://uat.branddb.wipo.int/en/similarname?strategy=exact&brandName=&start=0&_=1666467576489

Frankfurt is still a KPE event (I.e. with SBS as a partner). But it’s clear that there are aspects of the relationship that DC wants to change as he thinks they get too big a cut, their costs are too high plus they limit streaming until after the event. That’s why he’s getting into partnership with Jason Lee, and as heard in the recent interview, there’s a better cut for us, I expect lower costs, the ability to sell merchandise of BTS etc and I expect a move to live streaming of concerts. As seen. It’s lvcg that owns the IP and I expect SBS are now realising that they could lose out on this golden goose in the future if they are not careful.