RE: Warrants.25 Jun 2022 16:46
There’s no easy way of say this tintin (aka stockman), but you really are a bit of a kn@b. Anyone can read back and see that the history of parallel media has been covered on these threads before, so suggesting that nobody is raising it is going too far. Indeed I personally encourage everyone to look at the whole history and all of the Chairman’s background. You can easily access the report of accounts at company house. What is important is that the lessons of PM have been learned in the way that the structure of these new deals for both KPOP and for formula e, especially in the way that shareholders funds are not being put at risk, the costs for the events are being mainly covered by the partners (who are world class in many cases at delivering events; go look at Messe Frankfurt who deliver events and trade shows around the globe, or Live Nation, these are really big companies LVCG are in partnership with) and there is a big profit share for lvcg. Worth too looking at what some of the concerts and golf tournaments were bringing into PM in revenue (multi millions) which will give a bit of a clue as to what revenues can be expected from the efest and golf tournaments next year (only this time with a much lower cost base). The main issue with PM from what I can see was its start, where the original partners (not Cicliteria) brought more debt into the company than they let on, which resulted in some legal battles to eject them, and PM having to run hard just to stay still. Also PM diversified into areas outside its expertise at one point (chasing growth) and the global recession in the late 2010’s wasn’t kind to the company. So thanks for the opportunity to raise the topic again, but time for you to crawl back under that bridge.
Sign In
Follow the stocks
