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Epic burn by Helx, reader of the daily mail and retweeter of Katie Hopkins.
We understand Girdz. ....it must be difficult to post on here when you've got all those tickets to check.
I’m signing off advfn as that BB is toilet at the minute.
I’d like to think we have news soon but who knows.
Probably best just to have some time posting until hear more.
Just got to get out the habit of looking and commenting which is difficult when I’m on the train travelling
This radio silence doesn’t exactly instil confidence does it.
I don’t believe in quietly confident with BIDS. Look what happened last time. Brief reflection while eating white toast, soon turned into choking on white toast when deal went sour.
I suspect the reason why we haven’t heard anything is cause it will be “can’t say anything cause of NDAs and partners” same spiel as previous.
I'm with you there intrepid.....they'll be after more money.
Coolio. I hope you are right. I think the radio silence is actually confusing. They said they would go silent, but that was before they were then apparently/arguably forced to go quiet as the only news was not good. That means it is possible to read whatever we want to into the silence.
I posted some time back that I think they will need to raise cash about March-May time. Any lag past that should therefore be seen as good news and the price might start moving upwards (good for fund-raising). Alternatively, the revs are pile-ing in very strong, in which case we will see the holy-grail RNS (and a subsequent much cheaper fund-raising).
You pays yer money and you takes yer choice.
It's a buyer's punt at these levels or an investors hold. I won't buy more unless the price slips back considerably or there is a fab RNS. I'm happy with my reduced stake and it's cost, given all variables.
best
Intrepid
I think if they were intent on doing so soon they would be tweeting like billio! They are not because they are quietly confident.
Hi Jabberba.
Sorry, but I must have missed your post.
What are you referring to when you say “the longer this goes on”?
If you are referring to the delay on the 2019 results, there is no real ‘delay’ currently. BIDS has until 30JUN20 before these are ‘late’ and there are a dozen reasons why they do or don’t publish early (now) or late (June) or anywhere in between.
They have signalled that the revs for 2019 were “insignificant”. I take that to mean ‘very low’. So they don’t benefit from holding back the results purely on revenues, as we know them already and that’s priced in. The real benefit to BIDS to hold back the results (and they will now or very soon know them, if their CFO is any good), is that the results will have to detail the cash-in-hand on 31DEC19, which, in turn, will reveal their burn-thru rate.
My view is that this needs to be hidden from the market until after the fund-raising.
I could be wrong and you could be right and the revenues are now pouring in at a level that more funds are not needed.
However, in my experience, the best time to raise money is when you don’t need it, and I can envisage the BoDs choosing to raise more funds immediately following an RNS staring revenues are now established, are significant and growing rapidly. Who wouldn’t take up more shares in a placing then?
Even if I am right and revs are not high enough and BIDS is forced to raise cash, they will. It will just cost a lot more (in terms of dilution).
It is this simple exchange of possibilities that is dictating the SP currently.
Most of us fall either side of the ‘Will they,/won’t they raise cash. I actually think it’s inevitable they will. Question is, Will it be at sub 10p (in current situation) or over 25p (or much higher) following the amazing RNS you are predicting.
But mark my words; They will raise more cash at some point this year.
Best regards
Intrepid.
Intrepid. You ignore my post though which you cannot argue with. The longer this goes on the more income bidstack has. Or they are not in the least bit concerned as they have a huge deal up their sleeves. Either way I am happy.
Count. I didn’t say you sold the other day. I said you posted a message that was decidedly bearish. That was my signal.
Sorry if you think I am an eternal bear; I must try harder with my communications skills, as you have the wrong impression of me. I’m a ‘hold’ and have been since the events of 18DEC19. I just believe we have to get the next fund-raising round out of the way, and I am happy to be proved wrong about this need, but am sticking with my view until I see something concrete.
In short (‘cuse the pun), I am on your side Count; I just disagree with you currently on the short term outlook (sub 6 months).
All the best
Intrepid.
The humour this morning is priceless. Keep it it up guys as they say
I believe we are in a ‘bear squeeze’ currently.
It started the other day and was, interestingly, signified to us all when the Count posted he was running out of positivity.
The theory is that once the last of most determined bulls are persuaded the bear’s view is the correct one (as displayed by the Count), then that represents the last of the selling, as there is no-one else willing to sell; and the share price stabilises. This stability quickly puts pressure on the bears (to lock in profits) and they then close their shorts or buy back in, causing a temporary price rise. The key word is temporary. After the initial rise, it usually requires further RNS to dictate SP movements. For those who say there is no way to short; you are not looking hard enough. There is always a way to short; either by borrowing shares via a broker (but only private client brokers in my experience) or using derivatives. And then there are the MMs. If they were short and read the Count’s comment, they would have closed their short immediately, to get the temporary rise. I know I would have, and that was precisely why I responded to the Count’s comment, as I believed it was a very significant moment, psychologically. If you don’t believe me, read The hour between dog and wolf’ by John Coates.
All one big theory, devised by minds much brighter than mine.