Live Co Group PLC said on Monday it has arranged to fully repay a debt facility early in cash via a new equity subscription following last month's announcement.
The Surrey, England-based live events and entertainment company said it has raised GBP200,000 via issuing 10.0 million new shares at a price of 2.0 pence per share.
Live Co said it has been agreed that the first GBP50,000 instalment will be paid in cash between April 15 and May 30, with the remaining GBP50,000 settled in either cash or by the issue of ordinary shares commencing on August 1.
Monday's announcement comes after Live Co declared it received an unconditional offer for a prepayment facility and had entered a deal for the provision of up to GBP500,000 short-term working capital in the form of an institutional placing agreement back in February.
The company had said it would draw down GBP217,474 gross as an initial prepayment, while its investor RiverFort Global Opportunities PCC Ltd, would on closing also subscribe for 5.7 million ordinary shares for a total of GBP56,543.16.
Colin - The Mo honeymoon period is still very much alive imo...
I look at the companies progress when determining performance and the last year or so since Mo took charge has seen constant and continued progress.
All okay for me and happy to add whilst the share price falls.
whoosher26 Mar '23 - 22:13 - 31165 of 31172
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So city and roley both forecast £1.4m cash. Will be interesting how close they are to having inside information.
So Whoosher is System...
Another one to ignore.
No comment from me guzzler to your bitter posting
Hi Sophie - I should filter him also...
Every single guzzler post is a regurgitation of the same negative narrative.
Just bitterness...
No comment from me guzzler to your bitter posting
And here we go again...
Valuation back below that £100m level.
Cash at £28.4m at year end and maybe through £30m as of now so an EV at £69m.
Unbelievable value with revenue guidance at £55m but a more likely £60m plus being delivered across 2023...
No comment from me guzzler to your bitter posting
We can see NFT''s are selling as per the Polyscan report, so that tells us revenue is coming in the door...
So for me, no need for Q1 numbers as they are known if you know where to research.
Toffee, I would like to see a trading update which has been mentioned a couple of times...
I have already stated that I hope cash will be in the £1.35 to £1.4m and obviously hoping at the top end of my range.
Toffee - for a second I thought that was a bitter guzzler post?
Back to MOS then...
Q1 ending this week.
What are people expecting ?
Morning Toffee.
No posts at all this weekend.
Odd.
Normally see guzzler with his bitter posting...
I am not JD.
Not sure being loss making changes the opportunity for a company valuation to increase?
Have you never seen a valuation of £88m or greater on a loss making business before?
Open your mind…
Just a forecast. Maybe think of it as more of a guess but an educated one - I say hopefully.
Why…
£1.7m at end December.
Likely the best quarter for NFT’s.
Growing revenues.
Surely a solid March with 9 live drops.
I am going for an average monthly loss of £100k.
All round numbers obviously but I sense I should be close…
So how did you get to £900k or whatever your extremely low number was.
What was your rationale?
FYI, even Patt on ADVFN has plumped for £1.15m …
Guzzler states ‘brown envelopes come to mind’…
Are you stating a view that the Nomad and Mobile Streams are ‘involved in a practice whereby monetary inducement is given’?
Are you really stating that on this public forum…
That is a written defamation?
Libellous me thinks…
Oh dear
You lot are so negative you guys should open up a Funeral Directors…
Guzzler…
Keep regurgitating your questions.
You might bore yourself to sleep?
Yep.
Two years and more.
It’s called an investment for a reason.
https://www.mobilestreams.com/investors-si
Always good to remind ourselves that the board have solid skin in the game.
They only win if the company succeeds and that is pleasing to shareholders.