Bidstack Share Discussion Threads

[andyhooley] 04/5/2020 13:10

Tom's team are working hard here I see.

Sweet karolina2 putting Jaknife's post up in the header in Top Post box I see.

Team work by Tom's boys.

[yump] 04/5/2020 12:46

... and for anyone who is positive that funds will be forthcoming, the future actually depends on what view agencies etc. take of BIDS ability to support its tech. financially, for as long as it takes for the agencies to see adoption amongst their clients...

NB 'as long as it takes'

[aidenabettin] 04/5/2020 12:44

You missed that one

[phowdo] 04/5/2020 12:44

A year ago the placing was done at 12.5p to raise £5M.
Next fundraise is looking to be a downround at least a 50% discount to that - not a good look for a tech company that is supposedly going places. Does explain why JD and his mate were desperate to cash in some shares last year - they knew it was monstrously overvalued for the progress they hadnt made. Next financing probably going to have to throw in a shedload of warrants as sweetners to get the punters wallets open.

[aidenabettin] 04/5/2020 12:44

Shall we keep that list and see how many I got right.What about the HUB announcement?

[aidenabettin] 04/5/2020 12:29

Will JD be here after the AGM?

[sweet karolina2] 04/5/2020 12:15

Jak,

You need to consider H2 cashburn, which was double H1 cashburn, not full year cash burn. If the rate of increasing cashburn had continued, BIDS would be bust already. I suspect it did increase, but more slowly in the early part of Q1, but has been paired back a bit since the later part of Q1. An assumption that H1 20 cash burn will match H2 19 is probably not far off the mark, which means cash becomes zero in early Jul.

A placing is needed right now. The longer it is left the worse it will be when it comes (assuming it does come, given how much equity has been an is continuing to be raised by much better companies).

If JD is not already bent over with his pants round his ankles in front of the bucket shops then he damn well needs to hurry up and assume the position.

[chrissmith2] 04/5/2020 12:14

get to the agm niggle

[aidenabettin] 04/5/2020 12:04

Funding will not be easy?.A booming sector due to COVID-19 .ADMIX $6MANZU $6MIRONSOURCE $440M.The NED AD CATEGORY brands are flocking to and were told finding finance will be difficult .Let's hope for a positive outcome from any court case but dont expect any involvement from the FCA or SFO unless the Zombies have tried to defraud the establishment

[niggle] 04/5/2020 11:34

I hope so but they need to find finance which will not be easy. I am now in the red again ffs.

[lukehold] 04/5/2020 11:18

Will close blue. Podcast later?

[niggle] 04/5/2020 11:11

Reality bites,

Down 10%

This is all you need to know and finance will not be as easy to raise this time arouns.

The Group is dependent on further equity fundraising in order to operate as a going concern for at least twelve months from the date of approval of the financial statements. Although the entity has had past success in fundraising and continues to attract interest from investors, making the Board confident that such fundraising will be available to provide the required capital, there can be no guarantee that such fundraising will be available. Accordingly, this constitutes a material uncertainty over going concern.

The Group's future cash position
remains subject to the availability
of funding and continued shareholder
support. Until the Group reaches
a positive cash generative position,
the funding of its costs together
with future growth, place sustained
demand on the Group's overall
cash resources. The Group relies
on being able to arrange and
maintain sufficient financing.

[niggle] 04/5/2020 11:08

Reality bites,

Down 10%

This is all you need to know and finance will not be as easy to raise this time around.

The Group is dependent on further equity fundraising in order to operate as a going concern for at least twelve months from the date of approval of the financial statements. Although the entity has had past success in fundraising and continues to attract interest from investors, making the Board confident that such fundraising will be available to provide the required capital, there can be no guarantee that such fundraising will be available. Accordingly, this constitutes a material uncertainty over going concern.

The Group's future cash position
remains subject to the availability
of funding and continued shareholder
support. Until the Group reaches
a positive cash generative position,
the funding of its costs together
with future growth, place sustained
demand on the Group's overall
cash resources. The Group relies
on being able to arrange and
maintain sufficient financing.

[aidenabettin] 04/5/2020 11:04

Any companies wishing to gain access to the new ad category will have to come through the HUB run by BIDS.Lookout for the announcement

[chrissmith2] 04/5/2020 10:47

interesting business maybe competitor?
hxxps://www.frameplay.gg/

[aidenabettin] 04/5/2020 10:44

Any special resolutions?

[chrissmith2] 04/5/2020 10:43

who attending agm
Bidstack's Annual General Meeting will be held at Plexal, 14 East Bay Lane, The Press Centre, Here East, Queen Elizabeth Olympic Park, Stratford, London on 28 May 2020 at 11:00 a.m.

[chrissmith2] 04/5/2020 10:42

who attending agm?
Bidstack's Annual General Meeting will be held at Plexal, 14 East Bay Lane, The Press Centre, Here East, Queen Elizabeth Olympic Park, Stratford, London on 28 May 2020 at 11:00 a.m.

[aidenabettin] 04/5/2020 09:45

Edit: Next new BIG business

[aidenabettin] 04/5/2020 09:37

And still no placing.Will it be oversubscribed and whose name will be on the TR-1/TR-1's

[hawkind] 04/5/2020 09:30

Aiden 150k revenue, 3 fold to the downside on the loss, MC circa 13m, misleading management it would appear, I did warn. Just saying