Life Clips Inc (fka LCLP)

[JohnnyRothrock]

LCLP DD: Could-be-like-buying-pre-IPO-Redbox-for-subpenny.


(Note: im gonna’ say “insane” a lot cause at times i dont know what else to say lol forgive me!)

If deal goes through, it’s like buying the closest thing to a pre-IPO Redbox as it gets....for subpenny. Insane! Because VidBox’s mission statement is no less then to become the RedBox of Mexico...population of 130 million where each household has average two DVD players, and streaming/movie rentals are priced way higher then what VidBox offers...where the experts agree that streaming and on-demand which is so limited now in Mexico could take 10 years or longer to even threaten the VidBox business model.....and that is what we hear the CEO of VidBox say again and again in the videos below.

Also, they built a “dream” management team at VidBox. And we could just stop at Mitch Lowe, as for a penny stock this association is just wonderfully crazy:


Mitch Lowe

“CO-FOUNDING EXECUTIVE OF NETFLIX, CEO OF MOVIE PASS, FORMER PRESIDENT OF REDBOX “

http://www.mitchlowe.net/

CEO of
@MoviePass
“Founding exec of Netflix & Redbox's former President. Current Board member at Skywriter, Vidbox, Canteloupe Systems.”

https://mobile.twitter.com/mitch__lowe


And Mitch Lowe is also CEO of the much celebrated and controversial MoviePass. Did you know that in less than a year, from August 2017 to June 2018 - MoviePass grew from 20,000 subscribers to....: 3 million? Insane:

https://www.statista.com/chart/12520/moviepass-subscriber-growth/



That is phenomenal growth and once again who is shaking up the movie industry? Mitch Lowe. For a THIRD time. Netflix, Redbox and MoviePass respectively; these companys changed everything and even the landcape of how we all watch or rent our movies....this is the guy on the Board of VidBox. Perfect fit and THE GUY you would want to be on any new DVD/Kiosk/Movie team, right? I mean he would be like first pick lol


—and there is another person involved with Vidbox that had/has connections with other movie/tv/video companys....like Ricardo Vega...who’s own company went out of biz because of Netflix and Redbox - cant beat them join them...still though he was the top guy at Blockbuster in Mexico....

Ricardo Vega,
Director of Business Development
Former CEO of Blockbuster de Mexico. Currently managing movie studio relationships for Vidbox in all of Mexico.

https://vidboxmexico.com/homepage

-and finally, Director of Business Development for VidBox is Brain Rady: he was a founding executive and employee #3 at Redbox when it too began.

-Yes, truly all the above =‘s a Dream Team indeed.



...now let me break down what i saw on VidBox’s webpage - both videos showing CEO talking about the company...here are the key cliff notes (or, i highly recommend you watch the two vids on their homepage here: https://vidboxmexico.com/homepage ):



Key Advantages discussed by CEO in Video #1:


-Vidbox is first to market in Mexico.
-VidBox’s videos are priced much less then their competition: 1/3 from vid stores to 1/6 from on demand streaming.
-VidBox already has contracts with all the biggest chains like Walmart, 7/11, McDonalds and biggest grocery chains in Mexico.
-VidBox already owns some 4,000 kiosks, so for future competition to buy equivalent equipment would mean a $92 million investment by them...so this most likely blocks them out. (...so IF the deal goes through, in equipment alone LCLP would own all this ..insane right? What then would the pps valued at just on equipment? From the 8k discussing that they could buy up to 4,000 VidBox kiosks:

”Life Clips Inc. (the “Company”) has entered into a letter of intent to acquire certain assets of Vidbox Mexico Inc., a Nevada corporation including up to 4,000 VidBox Kiosks. VidBox Kiosks allow people to rent movies or videos games. Currently, VidBox, through its subsidiaries, operates over 360 Vidbox kiosks in Mexico. The VidBox Kiosks are located in grocery stores, mass retailers, drug stores, restaurants and convenience stores including Wal-Mart, Bodega Aurrera, 7-Eleven and Soriana...”

https://www.otcmarkets.com/filing/html?id=13011644&guid=N8_MUnFS3bGIR3h

-Also they are not enemies of Redbox but have signed a non-compete clause with Redbox in Mexico, and have even procured the 4,000 kiosks from Redbox and are turning them into VidBox machines. (See video#2)

Vidbox has already set up deals with ALL the major Hollywood studios, where their vids come with a default Spanish track.

What about Competition? Netflix takes a year for new content to be streamed in Mexico because of international barriers - VidBox you can watch a new film right away when released on vid. Streaming on demand videos cost about $6...Vidbox sells movies for around a dollar - in a lower-wage country this stands out very obviously as an advantage. Huge. All this and the only real competition Vidbox has is Redbox and they have signed that non-compete clause with them.

Finally, listen to the panel of experts who comment on Mr. Piancone’s presentation, headed by billionaire investor Kevin Harrington. The only qualm they all have is if VidBox will be overtaken by online streaming in Mexico (-even though Netflix still makes all their money as we hear in the video on DVD rentals and loses money on their streaming) but the point is made by some on panel and CEO that Mexico is behind tech times and that could be another ten years or more...that and CEO points out that the average Mexican home owns TWO DVD players.


Lastly HUGE GROWTH is in the future. Remember the part in the 8k that said they currently have 360 currently operating vidbox’s...and then in the video that they own 4,000 and we see Sandro Piancone in vid#2 walking in the warehouse showing how they all, all those hundreds of machines we see, are being turned from Redbox machines to Vidbox’s : so they expect to grow by over 1,000% in the near future. And LCLP may be a part of that future. So yes, with done deal this is like buying pre-IPO shares of the closest thing to Redbox as you can get and all with a real life mgt. Dream Team ....but for less then a penny and right now a tenth of a penny, lol. Again i say as i have so many times cause dont know what else to say: Insane!

Thats whyy buying even just a few mil and tucking them away for this possible deal to be done is i think wise. Think of it as instead of buying IPO shares for say $15 or even $5....you are buying some at .001 or even .01 — which could sound insane in the months to come.