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That’s BS Tintin ! There are a few of us here who have spoken to the BoD numerous times recently and some of us who have been inside. You aren’t getting your information from DC. He is not “your mate”
This week? You mean tomorrow you clown! It wont be as there is not enough notice for investors to register
Actually, I might take that back. The 350k sell just printed might mean it was a buy
The 150k looks like a sell to me
Chasing other opportunities ? Or genuine cost of living crisis for people over exposed? Who knows?
I've been invested for circa 3 yrs more than I intended now and it's painful watching and keeping the faith that patience will be rewarded. I wish I could add at these levels as they as ridiculously low IMO but its time for DC and the BoD to actually deliver rather than paint pretty pictures of what could be
They really dont help themselves around communication as demonstrated yesterday with a 4:20 pm RNS ! :-(
The BoD have been consistently cr@p at getting messages out to the market. The O2 concert is another example of good news well hidden. Very frustrating !
I agree but I was told in confidence and therefore not willing to divulge. Apologies if this makes me see like TinTin and his claims but it is what it is !
@RetiredBanker - I am not going to name the accountancy firm as I was told it in confidence when inside during the StartArt purchase, but it's probably the 4th biggest in the country, certainly not one DC could "manipulate" into a overstated valuation. They have more information than any of us have ( even TinTin) so I am reluctantly sitting and waiting.
I think there is very little chance of LVCG going bust as DC has far too much to lose. Love him or loath him, he did keep the company afloat during the darkest days of covid. He didnt do that out of the goodness of his heart to the shareholders. If LVCG dies, so does his lifestyle!
I do agree, however, that his corporate governance is shocking! He is a master deal maker but we need a REALLY strong CFO on the board, which is understood by the BoD I believe.
I wish I wasn't so heavily invested TBH but if I had more spare cash today, I would be buying more
I am with everyone else in finding the news blackout incredibly frustrating but we know there are multiple things happening and some may well have just taken longer than expected to complete. DC just needs to stop over promising on timelines as it annoys people!
However, if we look at the fundamentals, the current MCap is now only £2m more than StartArt was valued, which is just crazy! Yes I know there were some suspicions at the £5m valuation but this was calculated by a very large accountancy firm ( I know who ) and they wouldn't have taken DCs word for it and signed it off !
If you have spare cash, now is a great time to buy / add. For those of us with large holdings, patience is required. Hopefully for not much longer
John, LVCG own all of E Movement (not 25%), as per RNS on 3rd Dec 2020. This SP is crazily undervalued but I have been saying that for well over a year :-(
This is great news, putting to bed any concerns over the staging. Probably the largest single revenue generator for LVCG and in Q1 too!
I know MB10 and there is nothing shady about his actions. He can speak for himself but I know he wasn't exactly pleased with the latest acquisition (as nor was I).
His posts were always factual, rather than ramps. If you saw them as that, then so be it.
The StartArt "appears" to be a blow but we dont know the full facts on what it might achieve yet.
TinTin, there is more chance of you being consistent in your view of the company and DC than there being a KPop festival in China. The Communists are not particularly fond of the androgynous boy bands! The US is a possibility though
Hi Knigel. I am "inside" at the moment, so can't say too much of course. However, some of what appears to have happened is just a really unfortunate coincidence around timing. I have seen the proof with my own eyes. I realise my post sounds like complete BS to a lot of people but for what it's worth, I've added it here. I'd rather StartArt wasn't added right now but DC has his reasons ;-)
I know DC firmly believes in what he is doing is beneficial for the group and has taken on board feedback from several large PIs.
At the end of the day, profit of £488k needs to be hit (and we all know it will, or that clause wouldnt be in there) meaning he has sold StartArt to the group at a P/E of 8.2 which is a very fair ratio.
I'd rather he had waited but its not the rip off people seem to think.
I'll be voting "for" and looking forward to seeing what he has up his sleeve!
I can vouch for this being a genuine request. He is a long term holder and also in a chat group I am in. No commitment of course but gauging sentiment and intent wont hurt!
Which you are of course perfectly entitled to do. But your original post about it just being a placing and to get over it, is not accurate. I could stomach a placing for cash flow purposed or a genuine acquisition but when 2 directors are in effect issuing themselves 56m shs for an unproved business they own, diluting the shares in issues by 30% then shareholders have the right to be furious
Alfredie, yes I am friggin annoyed I got caught in this at pre-covid levels and yes I am envious of anyone being able to cash in now. I cant. However would you rather LVCG makes 9m profit with ~190m shares in circulation, or 9.5m with ~280m in circulation?
If you are here for the profit (as we all are) you should also be really angry that DC is taking millions and millions of free shares and screwing over holders. If you dont get that, you are not as smart as you think you are!
Hi Knigel. I’m out at the moment but will post my breakdown when back at my desk. Might be tomorrow morning but I’m pretty sure I’m correct. 18m to DC and Ranjit immediately, potentially 38m deferred, 15m in the raise, 15m options on same terms then the warrants hidden at the bottom of the RNS. Absolutely shocking turn of events !
I realise some people with low averages are pretty agnostic about this raise but I honestly think people are missing the point.
Given the fact DC has forgone a great proportion of his remuneration for a couple of years and has bailed the company out, I could even forgive him for taking a pretty hefty chunk of cash from the company now that we are likely to be making a profit (even if the timing stinks).
However the REAL damage will be done by the potential dilution in buying the piece of cr@p also known as StartArt!
If all instruments are taken up, 94m shares will be added to the register! NINETY FOUR MILLION!!!
That is a 50% dilution! And for what? If StartArt was likely to add a third of the groups revenue, I could stomach it (just) but it simply wont!
Anyone (new or old holders) voting for it in the GM needs to give their head a wobble!!