Bidstack Share Discussion Threads

[d1nga] 21/12/2019 11:25

This company and its style of news releases reminds me of UKOG a couple of years ago, that's enough for me....

[aidenabettin] 21/12/2019 11:22

Have DAN,TTD,APPNEXUS,CODEMASTERS,EPIC,SEGA and EA cottoned on.How about NINTENDO,TENCENT, and all our new starts and advisory board.You are just making a fool of yourself

[pwhite73] 21/12/2019 11:19

Bidstack is facing the same problem that all small companies in the digital market face which is to turn awarding winning and brilliant ideas into hard cash. All major companies show interest in technologies that have the potential to disrupt their income stream. Clearly BIDS is one of them. However it does not mean they will give BIDS the time of day. Indeed many lock these tiddlers into agreements where the revenue promised never materialises. This is exactly what is happening to BIDS so revenue growth and profitability is always pushed one year down the road.

Now this is not a major issue for the directors for it matters not one iota to them where the cash comes from, profitability or mug PI money they get rich either way.

A problem only arises when mug PIs cotton onto what is really going on. This is only now beginning to happen.

[aidenabettin] 21/12/2019 11:14

It wont be for working capital. Any placing will be to allow a substantial shareholder in the door although it might be said it's for working capital.

[rp independent traders gb] 21/12/2019 11:13

P brain, numpty ! you a bit slow today m8s? .Contract is in place for upto 10 million. Anything above to be negotiated and potentially different terms contracted. As I and moneygen etc have explained..Its call contracting! Google it . .Will Google buyout bids before the Russians get there Aiden?

[thefartingcommie] 21/12/2019 11:11

.....remember Blur plc ...and that dreadful Letts chap...

..what happened to Blur by the way...anyone?

[aidenabettin] 21/12/2019 11:11

But a takeover blows all of it away and it means nothing.Sorry but your a 100% fake with an agenda.If I was a betting man I would say it's an Israeli agenda.#sussed

[moneygenxyz] 21/12/2019 11:09

Sorry that’s not suggesting a £1m cash burn a month.

Certainly a cash burn but they are not running at the magnitude you are talking about.

There will be a fundraise imo - I very much doubt it’ll be for a couple of months yet.

And anyway, why would I sell because a business needs working capital?

[pwhite73] 21/12/2019 11:06

moneygenxyz - "Are you suggesting a £1m a month cash burn too then?"

Not me suggesting it the company suggesting it. Read the two paragraphs in conjuction

RNS 18/12/2019 - "We plan to continue hiring at pace. In particular, there will continue to be sizeable expansion in the technical development team. However, both the sales and supply teams are also expected to grow quickly with additions in the US and Europe as well as in the UK reflecting where we expect to find advertisers and games publishers. These teams will be key to developing significant future revenues bringing both brands and advertising agencies as well as new games with substantial advertising inventory. Additional growth will also bring additional administration and the Group will need to fill consequent managerial positions.

As I anticipated almost six months ago, the Board continues to expect the Group to be cash flow negative in the second half of 2019...."

[hazl] 21/12/2019 10:51

GN 19260 I like the sentiment!
A doubler it is!

[aidenabettin] 21/12/2019 10:48

Will a placing be taken up by one of the big guns or through a holding company for tax evasion reasons.A major shareholder/s is/are on the way.Serious activity by the gang.But they have been sussed

[moneygenxyz] 21/12/2019 10:43

26k revenue

And £6m cash balance.

Are you suggesting a £1m a month cash burn too then?

[global nomad] 21/12/2019 10:41

Getting the first agreement is always more complicated than subsequent ones. If the ad spend is pouring in bids will want to be in a strong position to negotiate new and improved terms. It sounds very sensible to limit this contract to allow for new ones or on the counter argument to keep a fair rate if as spend isn't great. Both sides will have been arguing about this key figure and time frame.

[global nomad] 21/12/2019 10:41

Getting the first agreement is always more complicated than subsequent ones. If the ad spend is pouring in bids will want to be in a strong position to negotiate new and improved terms. It sounds very sensible to limit this contract to allow for new ones or on the counter argument to keep a fair rate if as spend isn't great. Both sides will have been arguing about this key figure and time frame.

[pwhite73] 21/12/2019 10:37

moneygenxyz

You cannot have any credible or transparent maths behind your calculations because the company has told you and other shareholders absolutely nothing. The only calculations that have a modicum of authority were the interims to 30 June 2019 that showed revenues of just £26k. Everything else posted here is just wishful thinking based on proven misleading statements and in one or two cases downright lies.

It was not for no reason they were placed under pressure (and probably regulatory) to qualify yesterday's statement. I suggested yesterday that the £10m was not exclusive for them. They have now admitted it the more so as the PR company Buchanan could not make heads or tails of the 19 December 2019 statement themselves.

The trouble is for people like you this has now become a religion, a faith. Any criticism no matter how constructive is tantamount to blasphemy.

I would reiterate as others have that this company needs to place stock and pretty damn quick to keep the lights on. Be careful.

[liz872] 21/12/2019 10:34

Numpty, totally agree with you that there is no maximum, just because they budgeted it at £10m doesnt mean they would stop there if it is really successful. I mean, who doesn't know a company that overspent its advertising budget and contracts can be appended at any time.

[countdracula55] 21/12/2019 10:34

This is not an FCA issue you fool, James just lack maturity and didn't make the best call....fact is we are now further forward than when the stock was in the 20s.

[hazl] 21/12/2019 10:32

The shorters are particularly annoyed because they thought they had it in the bag after the first RNS but have lost their profits since....has it doubled since then?

Perhaps not quite.

A misjudgement on their part if I ever saw one not to close then.

[aidenabettin] 21/12/2019 10:22

No one gives a toss about your calculations .Where are the Israelis?

[moneygenxyz] 21/12/2019 10:20

Pwhite please tell us the maths behind your cash balance calcs.

I wrote mine transparently yesterday.

[pwhite73] 21/12/2019 10:17

NumptyDumpty

You are 100% correct. The £10m figure is a complete invention by BIDS. Why stop at £10m if spending a £100m would lead to even greater profit.

I understand one experienced investor has reported BIDS to the FCA. All I would warn is just to strap yourself in for the next placing.

[aidenabettin] 21/12/2019 10:16

One of the main problems here is the gang have lost control of the bb and need to play their dirty trade elsewhere.Keep up the good work lth"s