Announcement • Oct 13
Nasdaq to Delist the Common Shares of Liquid Media Group Nasdaq announced that it will delist the common shares of Liquid Media Group Ltd. The company's securities were suspended on August 23, 2023, and have not traded on Nasdaq since that time. Announcement • Aug 25
Liquid Media Group Ltd.(OTCPK:YVRL.F) dropped from NASDAQ Composite Index Liquid Media Group Ltd. has been removed from NASDAQ Composite Index . New Risk • Aug 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 24% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 30% per year over the past 5 years. Market cap is less than US$10m (US$579.4k market cap). Minor Risks Latest financial reports are more than 6 months old (reported August 2022 fiscal period end). Revenue is less than US$5m (US$4.5m revenue). Announcement • Jul 06
Former Shareholders of Digital Cinema United Holdings Ltd. Commences an Action Against the Liquid Media Group Ltd Liquid Media Group Ltd. announced that the former shareholders of its wholly owned subsidiary Digital Cinema United Holdings Ltd. (DCU) have commenced an action as against the Company and certain of its current and former management and Board in the Supreme Court of British Columbia (the Claim). The Claim has not yet been fully served as against all defendants, and seeks unspecified damages. The Company will aggressively oppose the Claim and provide an update in due course. The former shareholders of DCU have further obtained an injunction prohibiting the Company from seeking a special resolution of its shareholders until an agreement has been reached as between the Company and the shareholders of DCU, which the Company intends to oppose if and as such a special resolution may become necessary or desirable. Announcement • Jun 28
Liquid Media Group Ltd., Annual General Meeting, Aug 08, 2023 Liquid Media Group Ltd., Annual General Meeting, Aug 08, 2023. Announcement • Jun 18
An unknown buyer acquired IndieFlix Group, Inc. from Liquid Media Group Ltd. (NasdaqCM:YVR) for $1.2 million. An unknown buyer acquired IndieFlix Group, Inc. from Liquid Media Group Ltd. (NasdaqCM:YVR) for $1.2 million on June 16, 2023. The purchase price was paid in the form of a ten-year promissory note bearing interest at 6.0%. Payments under the promissory note commences 18 months from issuance with 10% of the IndieFlix Group’s gross monthly revenues payable as received to be applied to such payments, with all unpaid and outstanding principal amount, if any, due on the maturity date. The promissory note is secured by all of the shares of IndieFlix Group.An unknown buyer acquired IndieFlix Group, Inc. from Liquid Media Group Ltd. (NasdaqCM:YVR) on June 16, 2023. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). President & Director Charlie Brezer is the most experienced director on the board, commencing their role in 2018. Independent Director Nancy Basi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 21
Third quarter 2022 earnings released: US$0.074 loss per share (vs US$0.059 loss in 3Q 2021) Third quarter 2022 results: US$0.074 loss per share (further deteriorated from US$0.059 loss in 3Q 2021). Revenue: US$1.53m (up US$1.53m from 3Q 2021). Net loss: US$1.42m (loss widened 65% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 31
Second quarter 2022 earnings released: US$0.054 loss per share (vs US$0.17 loss in 2Q 2021) Second quarter 2022 results: US$0.054 loss per share (up from US$0.17 loss in 2Q 2021). Revenue: US$1.66m (up US$1.66m from 2Q 2021). Net loss: US$1.03m (loss narrowed 40% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Board Change • Jul 13
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Stephen Jackson is the most experienced director on the board, commencing their role in 2018. Independent Director Nancy Basi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Apr 28
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. No highly experienced directors. Independent Director Stephen Jackson is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Apr 08
Full year 2021 earnings released Full year 2021 results: Net loss: US$12.8m (loss widened 209% from FY 2020). Reported Earnings • Oct 17
Third quarter 2021 earnings released Third quarter 2021 results: Net loss: CA$1.08m (loss narrowed 44% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 18
Second quarter 2021 earnings released: CA$0.15 loss per share (vs CA$0.061 loss in 2Q 2020) Second quarter 2021 results: Net loss: CA$2.06m (loss widened 466% from 2Q 2020). Recent Insider Transactions • May 28
President & Director recently sold US$248k worth of stock On the 26th of May, Charles Brezer sold around 133k shares on-market at roughly US$1.86 per share. This was the largest sale by an insider in the last 3 months. This was Charles' only on-market trade for the last 12 months. Reported Earnings • Apr 18
First quarter 2021 earnings released First quarter 2021 results: Net loss: CA$1.92m (loss widened 16% from 1Q 2020). Is New 90 Day High Low • Mar 16
New 90-day high: US$3.11 The company is up 94% from a price of US$1.60 on 15 December 2020. Outperformed the American market which is up 9.0% over the last 90 days. Exceeded the Entertainment industry, which is up 11% over the same period. Recent Insider Transactions Derivative • Mar 16
CFO, MD & Director exercised options to buy US$93k worth of stock. On the 10th of March, Daniel Cruz exercised options to buy 30k shares at a strike price of around US$1.75, costing a total of US$53k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since March 2020, Daniel's direct individual holding has increased from 111.85k shares to 268.93k. Company insiders have collectively bought US$698k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Mar 12
CFO, MD & Director exercised options to buy US$66k worth of stock. On the 10th of March, Daniel Cruz exercised options to buy 30k shares at a strike price of around US$1.75, costing a total of US$53k. This transaction amounted to 12% of their direct individual holding at the time of the trade. Since March 2020, Daniel's direct individual holding has increased from 111.85k shares to 185.39k. Company insiders have collectively bought US$736k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Mar 03
Full year 2020 earnings released Full year 2020 results: Net loss: CA$5.18m (loss narrowed 32% from FY 2019). Is New 90 Day High Low • Feb 10
New 90-day high: US$2.36 The company is up 17% from its price of US$2.01 on 11 November 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 38% over the same period. Is New 90 Day High Low • Jan 23
New 90-day high: US$2.28 The company is up 37% from its price of US$1.67 on 23 October 2020. The American market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 32% over the same period. Is New 90 Day High Low • Nov 07
New 90-day high: US$1.92 The company is up 2.0% from its price of US$1.88 on 07 August 2020. The American market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 5.0% over the same period. Reported Earnings • Oct 18
Third quarter earnings released Over the last 12 months the company has reported total losses of CA$6.47m, with losses narrowing by 13% from the prior year.