Member Info for SEA7

whilst we know about the loan already...

https://sedulofunding.co.uk/sedulo-funding-solutions-secures-1-5m-cbils-loan-for-aim-listed-company/

Our Senior Funding Manager, Brad Britch, said:

“It was brilliant to work closely with Live Company Group PLC and help them achieve their financial goals. From the start I could see how passionate David and his team are about the company. Finalising the deal with Close Brothers is a small step in their growth journey in what looks to be an exciting future.”

post up a positive message and lo and behold they move the prices to closer reflect the trading position all day - so it looks worse

actual buy price has moved from 4.6999p to 4.675p

formula e...

https://www.eurosport.co.uk/formula-e/formula-e-world-championship-2021-watch-live-on-tv-schedule-the-racers-involved-and-more_sto8147677/story.shtml

Formula E attained FIA world championship status for the new campaign, ranking it alongside Formula One.
The stakes are higher than ever as the championships increase in importance year-on-year.

Thanks MB10 - Things moving along

monecor do get 1.5m broker warrants with a strike of 5p..so they won't be flipping them in a cashless exercise anytime soon

RSI is down to 10 on the chart, so way oversold

just to prove the point - that small trade at 4.6999p was me buying.

fair point!

trade just gone through at 4.7p .very small, but shows as a sell - it is a buy, as i am quoted 4.699 to buy - so a couple more "buys" at 4.7p, then they will move the advertised prices lower, which makes it look like confirmed selling

buy prices are 4.69p - expect this to show 4.5p bid/4.7p offer shortly, without any buying pressure.

They need to calm the market ??

really - i am guessing then geo you are the agitated one, who needs calming

guess you are holding and heavily underwater

the buy/sell indicator attributed to each trade is purely based on the mid price at the time of the trade. If someone buys and gets a price below the mid, it will be reported as a sell - so i wouldn't take too much notice of individual trade data.

dated 4th May 2021

https://www.theartnewspaper.com/news/sotheby-s-to-accept-cryptocurrency-as-payment-for-banksy-painting

In the latest example of crypto-creep in the mainstream art market, Sotheby's will accept cryptocurrency as payment for a physical work of art for the first time this month

and

Stefan Pepe, Sotheby’s chief technology officer, says: “With the growing adoption of digital art and NFTs, along with our increased focus on digital innovation, we’ve seen an increasing appetite among collectors for more seamless payment options when doing business with Sotheby’s.

thanks MB10 - Should be a news rich time ahead as business gets going.

and they indicated that out of 21 events booked only one cancelled during the early part of the pandemic - the rest postponed, so they book revenue later on.

everyone has focused on the rns negatives, however, £500k is going into the core business of bricklive and as david said, all 28 builders were never furloughed, they have been working throughout, preparing and getting ready for the upcoming resurgence.

But when dealing with digital art, pieces can be copied much more readily, usually with just the simple duplication of a file.

NFTs put an end to that, encrypting the digital source of an artwork with blockchain to ensure it remains the definitive version of that piece.

https://www.nationalworld.com/lifestyle/money/nft-meaning-crypto-art-tech-explained-what-is-a-non-fungible-token-where-to-buy-them-and-best-marketplace-3163733

https://www.artsy.net/article/artsy-editorial-chinas-art-market-embraced-nfts

How China’s Art Market Embraced NFTs

https://www.moma.org/magazine/articles/547

What NFTs Mean for Contemporary Art

as i see it...the amount of £1m is in no way reflects any valuation of SAG, however, is simply a way of injecting the required amount of cash into it, to pay salaries and..from the rns...

The injection of cash by the Company into Start Art provides the capital required for the development of the existing platform, its expansion and to allow for client relationship management ("CRM") integration, live and pre-recorded TV and News, the addition of virtual reality features, a crypto payment gateway (to allow payment of products using virtual currencies) and NFT capabilities as well as other technology-based expansions.

Start Art also intends to help artists mint their own non fungible tokens ("NFTs",a non-fungible token is a unique unit of data stored on a blockchain) working with a third-party system - OpenSea. Once Start Art has completed the minting process, the NFT will be available to purchase on the platform. This service is anticipated to be available from Q3 of 2021.

...........

open sea touts itself as the largest and first marketplace digital goods and nft.
..............

this piece from the rns ..is interesting to me..

The Company has also received an undertaking that should Start Art seek additional funds from a third party within 6 months Start Art shall take such steps as may reasonably be required to ensure that the Company's shareholding shall not be diluted below 12%. Additionally, the Company will be party to the Shareholder Agreement which provides standard protections such as pre-emption and "drag and tag" on sale.

.........

So, that says to me the reason why LVCG only gets 16% - they are planning to sell more of it to others and will use the LVCG stake price as the yardstick. I can see what he is trying to do and whilst I think the structure is a bit ropey and DC is stretching his standing in the markets with this stunt, they have a chance to succeed with this, as NFT art, digital assets and the rest of the sector are gaining more and more ground each day.

i notice two late reported buys from the 30th april have showed up.

1m shares at 5.91p and 500k shares at 5.92p

The raising of additional working capital and introduction of institutional clients into the register will leave the Company in a stronger position.

and

START.art is intended to be a one-stop destination for artists, galleries and collectors worldwide with a unique news function, providing an online e-commerce platform that offers curated works, both physical and digital, for sale by emerging and featured artists from around the world.

Created by the founder of the Global Eye Programme, START Art hopes to become one of the world's most followed online art platforms upon launch in June 2021. Several revenue streams and activities are planned including:

- Online sales of emerging artists including those from the Global Eye Programme

- Exclusive edition partnerships with K-pop musicians who are also artists for artworks and merchandise

- Featured Artists Editions

- Sales of artworks at fairs (allowing on-line viewing)

- NFTs, digital art and Crypto payment system

- START.tv launching 2022 will cover reviews of gallery exhibition openings, artist interviews and gallery reviews from around the world, initially updated weekly and eventually daily

- Advertising

3p paid - moving up