The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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bought into this ****ty share when the bod called themselves fitbug. went touring round europe for 2 months and took my eye off the ball. came back and the share was tanking, over the years it’s changed identity many times ending with bidstack. i always knew there was something dodgy here but naively thought i was being too cynical. wish i’d gone with my gut feeling and sold out at the fitbug stage.
Https://www.cityam.com/bidstack-silent-as-investor-anger-grows-over-pre-pack-administration-deal/
Thank you to the journalist for highlighting this fraud on a grand scale. The BoDs are staying silent because they know that what they have done is wrong and they are trying to get away with it, or think they can. How many millions were stolen from the shareholders?
'Cybersecurity firm Irdeto was the firm’s largest individual shareholder, which held a 13.49 per cent stake in the firm as of January 31, according to Bidstack’s website. Irdeto invested £6m in the firm as part of a funding round in 2022.
Canaccord Genuity Group, Seneca Partners and Rathbone Investment Management, all held stakes of 9.64 per cent, 4.83 per cent and 4.28 per cent respectively.
None of them responded to repeated requests for comment.'
Perhaps these firms should be sued too if they were aware of the deal and are still shareholders in Bidstack Ltd?
FOG
I don't think anyone will need to hand over any money in order to get Draper and co in the soup. From what I see, they've overstepped the mark good n proper this time.....after years of taking shareholders for granted and looking after themselves solely, off the back of all those charity fund raising events. I think they will regret their actions this time and they'll be held to account. Don't forget......I've not been wrong yet ladies and gentlemen.
Dont hand over any money to these firms
ive seen this 100 times and it almost always ends in more loss
"Its definitely EA Sports" - cozzy
Thanks I have submitted my form. I hope Karma will catch up with those fraudsters who have betrayed investors.
I feel the Directors have set an appalling example with their conduct. Their reputations must surely now be in tatters ? The authorities should deal with this swiftly and robustly before it has implications to the wider market. You simply cannot have a situation where every other AIM company looks at this and thinks it's ok to build out their offering on the public market and then engineer a situation where it is taken away at the appropriate moment for the rewards to be enjoyed by a select few private individuals without repercussions. Everyone would stop investing and the market would ultimately collapse. This could have implications for everyone whether you were a Bidstack shareholder at the point of admin or not. There is opportunity for anyone to share any information on the bidstackshareholders.org site.
Thanks bladesharp. I have signed the form.
Https://www.bidstackshareholders.org
We are in discussion with a leading law firm in London which has considerable experience in shareholder disputes with the aim of pursuing the directors (and others) through the courts.
We will provide more information here in due course.
In the mean time, if you were a shareholder of Bidstack Group PLC on March 23rd, 2024 please sign-up to join this action here. The more shareholders we have, the stronger we are.
Draper has done himself no favours whatsoever.
Got to hope there'll be plenty of heat on him as a result of his actions. Sounds like it's not just a handful of people that are disgusted at his conduct, so it's more likely something will be done about it.
Stockbox research talks
https://youtu.be/HB5IIfyDZ2Y
Listen from 34 minutes into the programme.
Sold my shares years ago, and my loss was modest on a percentage and absolute basis compared to many here, but for what it's worth I think Draper et al are complete scum and I hope that you all are collectively successful in your efforts to end that complete POS scumbag smug little C***.
Share tippers, people like Tom W, market makers, Twitter wallies etc were not the root cause of the problem. The real enemy was only ever that lying shyster Draper.
They really must think they can get away with doing that. Just got to hope a huge amount of shareholders see this as the ultimate betrayal and get the ball rolling for a regulatory prod about.
It absolutely stinks.
This is on Linkedin. How did James Draper and Lisa Hau went from owning 3% and 0.1% to 25% of the shares leaving the shareholders penniless. Unbelievable. They both belong in jail IMO.
https://www.linkedin.com/feed/update/urn:li:activity:7177719612405379072?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7177719612405379072%29
James Draper CEO of Bidstack owning 3% of the company they're in charge of, is able to mismanage that company to the point of administration, but then buy that same company back under another name, award themselves 25% ownership and then start promoting it quite happily.
And let’s not forget Lisa Hau has gone from 0.1% to 25% fishy?
(Disgusting)
James Draper being "delighted" to acquire Bidstack Limited from the administrators of #Bidstack when shareholders have lost everything.
Not even an acknowledgement of those investors who have put in their hard earned money into the company.
(Disgraceful)
Chairman of #Bidstack Dr David Reeves telling investors that directors will protect shareholders the whole way
You couldn’t make it up! 🤣
I'd imagine most of us would agree with that Girdz.
There must be scores of us that would be queuing up if they stuck him in the stocks.
Hard fruit only.
“I very much doubt you'll ever see any of your money back”
I’ll happily forego my lost money if Draper does a stretch at his majesty’s pleasure.
Greetings, I have submitted, but how do i get a receipt of submission
Just did a bit of googling on sports rights holders ESG policy and came upon the following:
Very few organisations within the sport sector understand that they are brands and then appreciate that their value largely comprises intangible assets and therefore how that value is now linked to ESG
“In relation to such values, sports brands are frequently disconnected from pure revenue-based valuation models and are impacted by scarcity in supply and so-called ‘trophy’ factors, because of prestige effected by ownership. It follows however that when a shadow is cast over a reputation related to those intangible assets then the value can be quickly lost.
“The extent of the reputational shadow will follow from a series of interactions in sport with, for example, media, fans, followers, volunteers, influencers, participants, users, customers, partners, suppliers, staff, investors or shareholders and regulators.”
Now, the relevance of this? Do these sports clients wish to be connected in anyway with an organisation headed by an individual that currently stands accused of actions far removed from appropriate governance ? Once they find out I doubt it
Thank you. I will submit it immediately.
This is from Bladesharp on page 2 of this board.
If you were a Bidstack shareholder at the time of Administration please fill out this form in preparation for potential legal action. NOTE: you must have been a holder at time of administration. We are discussing with lawyers. The more shareholders we can include in any potential legal action, the more financially viable the case becomes and hence it would be easier to raise litigation funding. Your data will be kept encrypted and not shared with any third party at this time. We will contact you if we get to the point of needing to share with lawyers. For full transparency, this form was set up by Hugh Acland and only he will have access to your data at this point.
https://form.jotform.com/240862361596059
Here is the jot form for those that missed it, it hasn’t been deleted, bladesharp posted it on 27th March on here so you would have needed to scroll back through the posts to locate it.
https://form.jotform.com/240862361596059
OK, if he is the best one to arrange this it's fine by me and we'll stand by him against the fraudsters. Can you contact him somehow? Tell him that we are willing to take a legal action against the fraudsters.
Who is Nick that you trust to arrange things? A no win no fee Company would be good to undertake this but I'm willing to pay for a barrister too. They shouldn't be able to get away with this.
What is the jotform the other poster mentioned below. I can't see any relevant message. Maybe it was deleted?
We need to find a way to communicate so we can remain together to fight the fraudsters. Someone need to arrange things and start the case .
If we can find some big players who lost money too we'll cooperate with them. If anyone has any information please post it here.
Https://mobilemarketingmagazine.com/azerion-buys-ad-tech-platform-hawk-for-7m-rising-to-a-possible-20m/
I am sure Azerion would have been up to buying Bidstack if the BoDs were actually honest and had accepted to sell the IP as part of the deal. If the IP wasn't part of the deal it's no surprise that they didn't find a buyer and that's where the fraud is. They used money from Shareholders to then create a private company without consulting shareholders and taking all of the money which doesn't belong to them personally in the process.
Plenty of bad smells coming from the Netherlands