Member Info for Wigwammer

That would have cost them about 800% on the Carclo over the last year or so, and all because of your heavily selective and unbiased research. What a liability you are :)))

I know… 1) people aren’t rushing out to buy more on the back of this news.. 2) that beyond this year DC hasn’t capped his international fees .. 3) as the only “asset” In LCSE, DC will likely take a large part of the revenues as fees… bye bye :)

Yes. Sounds good. I guess the market reaction is telling us that even if BrickLive is successful, there is little faith the cash will end up in the coffers of the ordinary shareholders. Damage has been done and it needs repairing. ATB

Lol MB. You have sat on this board confidently spouting your crap for a very long time, and any poster who has acted on your false confidence and bought shares is now paying the price. They remain near all time lows. On behalf of those shareholders, I accept your apology. Your point about DC’s international fees being capped is pointless garbage and we both know it. He has capped them for 2021 - an entirely meaningless gesture given the likely revenues involved. And yes - the only supposed “asset” we have in LCSE is DC himself - which is exactly why is he likely to take a very large cut from the revenues. People like Barnyards have got you bang on - you have been a total liability to the people reading this board and got it hopelessly wrong. If you are a new reader please bear this perspective in mind. ATB

Thank you again for conceding DC’s fees are not capped, as you suggested earlier. And as suspected, LVCG have no asset or expertise in LCSE. It’s just a magic money tree :)

TSG - in the bricklive division, the expertise and physical assets drive sales and return. I get that. But what asset do we have in LCSE, and why has another party handed us a contract worth the vast sums you mention for so little?

MB10. I know you have tremendous faith in the chairman, unfortunately and objectively, the market clearly does not share your sentiment. Don’t shoot the messenger. Additionally, you have posted misleading information and I have had to correct it. The chairman has not capped his fees for anything beyond this year, in contradiction to what you suggested earlier. As a substantial shareholder with millions of shares, I hope things come right, but I’m here to listen to balanced opinion, not blind faith. ATB

Interesting that CH hasn?t done his customary proactive chat, particularly given the objective importance of the RNS. Perhaps he isn?t confident in the substance of the release. But I suspect more likely is that he knows there is more to come.. :)

Thank you for confirming that beyond 2021, DC has not committed to cap his fees at all. What proportion of future revenues DC chooses to take from LCSE (or elsewhere) as fees remains a material uncertainty and hence a material risk to holders.

Thanks MB. What the RNS states is that “in light of the pandemic” DC has elected to cap his fees. It does not confirm that post pandemic - when the revenues from the international business may become meaningful + that the cap will remain. TSG - I suspect he will take substantial fees for LCSE, and in addition any fees he gets from Start Art are currently funded from the £1m LVCG handed over. It all works rather nicely for him. What would have been nice for LVCG shareholders is if the share price had gone to 10p+ reflecting recovery hopes, in the same way it has done for the vast majority of other recovery stocks out there. The reason it hasn’t is because our Chairman has gone a long way off piste, and it is costing us all money.

And before someone says it is revenue generating from the start, so is a business that hands out £20 notes for £10 each.

Pmm - I very much doubt there is going to be a lot of cash flow coming from the arts business for a long time, if ever. The only cash going in there belongs to LVCG holders and should be going into their pockets, but at the minute it is going into the pockets of DC and his art start-up pals.

But the chairman hasn’t yet bought in new investors. We are entirely funding the losses but receiving just 16% of ownership. Nice for the other 84%, of which I think DC is the majority holder. Re fees - leisure/sport is a new business. Please can you point to where Dc has capped his fees in relation to this business?

Any idea what the breakeven level of turnover is going to be on the arts business, or when we will get there? Until then, I see us owning 16% of any profit but 100% of any losses ie the chairman will keep rinsing us for more money at the same inflated valuation. The other obvious question which goes unanswered - what fees is DC going to take from the leisure/sports business?

I suspect the market has seen it, and doing its best to suppress a laugh… what about this for synergies - “LVCG is working on a number of collaborative projects including potentially the sale of works from K-Pop artists constructed as plastic brick mosaics which will be marketed on the platform.”

“during our constructive engagement with the SFO in the last four years we recognise their STATED approach to bring PACE, and importantly FOCUS, to their investigations as they progress”. Is PFC responding by saying your stated aim is to do act at pace yet t this has taken years? And more importantly re the guardian article, your aim is to FOCUS yet having found insufficient evidence where you were looking, you are now desperately scatter-gunning anywhere to try and save face?! … so a different interpretation of this article is, the SFO have had to broaden their investigation because they found bugger all where they were looking!!

The share price is where it is because consensus huggers such as yourself are waiting for contract news before buying. It requires a little foresight - although not very much - to work out that the likelihood of material contract news rises as the oil price rises, albeit with a lag. Perhaps go and find a nice friendly stock with a sharply vertical price chart that better suits your hindsight vision :)

If large contract wins had been announced, the shares would already be at £2+. But anyone looking forwards can identify that with oil @70usd+ having risen 50% ytd, the likelihood to those contract announcements increases materially. Others prefer to look backwards :)

Na. We can conclude now they’ll suggest 70usd oil is a big fundamental positive. “Common sense” vs “zero sense” :)

Not really pal, just common sense :)