Bidstack Share Discussion Threads

[loglorry1] 18/12/2019 07:27

James knew this when he sold at 20P, and probably earlier.

The reporting is real-time. They know exactly how much revenue they are generating real-time and given H1 was c£20K (test revenue) I expect at best they are not much more than that now maybe c£50K.

The directors knew all along how revenue was going and deliberately misled people here feeding them with all kinds of nonsense. Scumbags.

The company has not proven it's business model. It is a start-up and I'd not value it at much more than £5m or about 2-3p/share.

[10ak] 18/12/2019 07:24

5-8p range coming I guess. Painful.

[global nomad] 18/12/2019 07:24

Sounds like the deals which would have allowed bids to meet targets have been delayed to a point after year end. Maybe they hoped to get it done this week and that is only now not going to happen. Could be those deals are worth millions in bookable up front revenue if that was the situation. Going to have a coffee and look for some change.expect a big drop and a bounce back and then a depending on how close those deals really are, a long slog back up in new year

[loglorry1] 18/12/2019 07:24

@moneygenxyz hats off to you for being man/human enough to post that. Perhaps dial back a bit on the ramping from now on as a lot of people will have got hurt by Draper's lies here. Clearly he did it to get his stock sold.

This is going way into single digits now and then they still need a raise to keep going given their significant cash burn.

[ayl30] 18/12/2019 07:21

Bob, "not expected to be significant" doesn't sound positive to me. Pub guard people must be feeling conned having accepted shares in payment when 34p

[chessmaster10] 18/12/2019 07:21

Pathetic, weak, flaky RNS.

Sounds to me like they've done f-all revenue.

James knew this when he sold at 20P, and probably earlier.

What a weasel. Who knows how much the share price will drop today, I've already lost a shed load on paper.

Well done log, you were right all along.

[loglorry1] 18/12/2019 07:20

So there you have it. Draper lied through his teeth repeatedly and then when forced to admit it has come out with it. Draper and his CFO managed to dump a lot of stock onto private investors though before he was forced to admit it.

No significant revenue for 2019:

"While all of the Company's revenues for 2019 are expected to derive from programmatic advertising spend, which is growing month on month, they are not expected to be significant."

It's a busted flush. Huge overheads and burn rate, out of cash and now needing
a raise. What a total shambles.

[moneygenxyz] 18/12/2019 07:20

Hats off to Logs and co who called it again.

Sorry to everyone that has followed my research and invested off the back of it. Very disappointed but it seems like time wasn’t on our side from that RNS.

Glad we are out of the corner, please don’t do that again JD and here is to 2020.

[pauliewonder] 18/12/2019 07:20

Can't believe JD barefaced lied. Credibility now zero. He reads these boards apparently and should take note that this is not how you run a company. He should go.

[billyboychrisd] 18/12/2019 07:20

Yes, my opinion, they were definitely expecting news before the end of the year and appear to have been holding on for as long as possible before releasing this rns.While the share price will undoubtedly take a hit today, I agree that much of this is priced in and the drop should not be long term. If you have faith in this, there will be good value buying today.

[global nomad] 18/12/2019 07:18

Disappointing. Going to be hard to spin anything positive out of that except to buy in /add lower, but belief will have been hit. Not significant clearly means very low as opposed to missing a bit. Prepare for a tough day.
Next year as probably expected will be significantly better if the delayed agreements come out well but it will be hard to sell that to investors until formal RNs are published.
Awaiting a flood of I told you so's

[bobman1] 18/12/2019 07:15

"However due to commitments previously anticipated to be recognised in 2019 having been delayed, it is clear that the Company will not NOW meet its revenue targets for 2019."Either this is poorly worded, or it has NOW only become clear that revenue targets will not be met. IF reference is to £5.9m then MAYBE we are close to that number or certainly in the low millions? Am I being too positive?A revenue miss is surely built into the current share price so at this rate I am thinking maybe the share price drop has been overdone and this is cheap??I am excited at the new games, but overall disappointed with JD like everyone else.Still at least the NEDs haven't left which is an "acid test" for me on this.What does everybody else think?

[girdz] 18/12/2019 07:14

There does look like some snippets of positive progress in there but depends how much you can trust JD. In hindsight Derek Wise made it clear this was a slow process in his podcast. .Problem is now, I suspect a fund raise at low share price to keep the lights on. Can bet your bottom dollar that's what the shareholder meeting was the other week I.e angel investor meeting. .

[1retirement] 18/12/2019 07:13

Time to get out of this early and into VRS. They've just announced a deal with Airbus.

[mlf51] 18/12/2019 07:09

What a lying c...t

[stuswanny69] 18/12/2019 07:06

Well that wasn't the great Christmas we were all promised. Time to search for that stash down the back of the sofa and load up.

[fudgerella21] 18/12/2019 07:05

What a git!

[fudgerella21] 18/12/2019 07:05

JD shoukd resign, hes completely lied to PIs!

[girdz] 18/12/2019 07:04

And merry xmas

[girdz] 18/12/2019 07:03

Well there you go. Writing on the wall. No point selling. Stick these n the bottom drawer. Thanks for leading down garden path JD

[fudgerella21] 18/12/2019 07:03

Nothing positive in that!

[fudgerella21] 18/12/2019 07:02

Rns oh dear!!!!

[global nomad] 17/12/2019 22:13

ah ok, that makes a lot of sense.