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Correct mart. I think the balance of discussion was around what type of fund raise we were going to see, not if there would be one. It was obvious to anyone following the company there would be one. Some thought there would be one a good 2 months + before it came. Plenty of discussion on bidlievers around the fund raise, look yourselves to see the evidence. We’re all shareholders there so why wouldn’t we discuss it? I think the annoying thing is when folk appear from nowhere and start discussing things with a heavily negative slant on it.
I wasn’t happy with the 4p valuation but then Directors £200k and hopefully other employees also taken some, so not all bad. We’ll have to see if any TR1s appear over the next week or so. Let’s hope so as if not, I’ll admit, doesn’t look great if not being able to attract any institutional investment.
And agree fully with Girdz, they need to deliver in H2 this year. No more excuses or deals that were close but didn’t come off etc. We’ll be in the sub pennies if we see a repeat of Q3 and 4 of last year. They will be fully aware of that though I’m sure.
Hi Greenspan.
Your recent post is absolutely correct.
Furthermore, what I find sinister about the bidilievers attack on all who were stating the “bleeding’ obvious” is this:
The placing/dilution was obvious to anyone with a modicum of intelligence.
Therefore, anyone trying to attack that argument had to be either stupid (and couldn’t see the b obvious) or were attacking something they knew to be correct.
In the former case, I take no issue with anyone. It’s not their fault they are stupid; that’s just a genetic mutation.
However, the latter type are, well, unethical at best and plain greedy and prepared to do anything to anyone to get more money, at worst.
This is because their action of attacking those highlighting the b obvious, is basically not going to have any effect on other intelligent investors (they being able to also see the b.obv.) but it would have an effect on the naive or inexperienced or stupid; these unfortunates were being encouraged by the bidilevers et al to pay over the odds for shares in order to protect existing shareholders from greater dilution (by artificially holding the SP up with their attacks on the b obv.).
Makes my P15S boil when I think about it.
So what is it, bidileivers? Are you nasty or just thick?
Intrepid
Older and wiser. As you told me once before elsewhere quite rightly, read the Rns's and don't listen to Alan.
Greenspan - on this bb we have regular talked about the need for a placing and also how revenue has to be made in H2 or its game over.
Thankyou for your concerns but these issues have been raised by people invested in this share and are well known.
H2 is last chance saloon and we all know that. The reason we invest is for that big reward but it comes stacked with risk. I’m willing to take that.
Lets face it if bids turns a profit of 5 mill for the second half you will still moan.
If you moan as much in bed your mrs is a lucky lady....
Schrow123, excellent post earlier.
martmth, you`re to sensible and down to earth to get through to the tomtit dimwits, who are desperate to put some negative spin on the placing. I read the reply you made to chancers last night, and quite honestly I think the guy is a bit unhinged, at least his `story` is...a bit like helx with the `I bought shares but now I`m worried mantra`!
As far as chancers we all know he doesn`t let the truth, or facts, get in the way of a good deramp, and the placing now actually happening seems to have sent him in to a frenzy of mixed messages that nobody can fathom out.
Apparently tomtit is now trying to slate JD for not taking part in the placing, ha ha ha ha...what a pr*tt, can you imagine how loud he`d be shouting if JD and FP had taken part, he`d have been trying to get a public enquiry on these two `criminals`!
He`s the same pra** who stated in an article a couple of months ago that the Bids shares were about to be suspended...fkin liar! The deramp circus is full of em!
I love the fact that the baseball bat, with `funding and cash` written on it, and with which they all battered JD on a daily basis has now been removed from their grotty lying clutches...and love that 82,000,000 shares, which were largely buys yesterday, have sent a very clear message that a great deal of market participants want Bids shares at 10% higher than the placing price...82 MILLION!!! Multiples of any other daily volume total in Bids short history...the market knows a bargain when it`s in front of them obviously, and the buying was relentless from bell to bell.
I also love that JD, the Chairman, and the rest of the BOD and advisory committee just let all the bs that tomtit and his dimwits push out go over their heads without so much as a sniffle, and just continue on the journey to the ultimate prize.
Leave all the bull*h*tters to us JD, it can be quite an experience reading the depths of how low some will go when they`re desperate, lies and fabrications seem to come easy to them...whatever!
Cash in bank and an expected rich period of news flow is why the market reacted favourably yesterday, simple as that!
4.5p is definitely lower risk than the poor souls in at over 5.5p pre placing. Should be more to flip Monday so enough for everyone to go round and it's tempting to load up here. Looks like the twitter rampers are gearing up for a push so probably worth a small punt for a quick turnover. Justin the DJ not making any noises this time so Bidstack probably ain't paying Vox to help out. As long as there is another classic JD rampfest and enough volume from more new PIs this could be a good entry, just remember to derisk this time!
The only good thing to come out of yesterday was BIDS now has enough cash to keep going. Such a shame as the tech looks great but the uptake hasn't quite kicked off yet. This reminds me of GKP, billions of barrels of oil - too much for such a small player infact. In the end, cash ran out, money was injected into the company at close to 90% dilution followed by a share consolidation. The new GKP is now leaner and producing money but original holders got destroyed.
I really do hope BIDS does not go the same way. Bigger players at work looking to bully the small kid into submission and hand over the goodies. We have some big names on the advisory board, i wonder what they think of the share price and dilution considering they were supposedly being paid in options. Frustrating as its about time a british tech company made it big.
The Chancers,
Good on you for selling @12p and buy back in @4.5p!!! I wish I done the same. You must see some merits to be buying back in again right?
So emotional. Crazy
Greenspan, the question now is, putting all the bad stuff in the past behind you, would you buy into BIDS now, after the placing, or is it still a bad apple?
Good morning Greenspan,
Forgive me as I don't visit the board so often due to the tiresome knocking of the company and the CEO by certain posters, but, are you invested here? I only ask as that allows me to position my thoughts on your posting. You use the term "they" when referring to the company where as I tend to use "we" to describe a company I have invested in.
A placing was inevitable as you have pointed out the hoped for revenue streams have yet to flow. I seem to remember certain posters suggesting it would be at 2p or something similar.
BIDS are developing and the reason most of us accept the risk of investing in a developing company is the potential upside. It's still there for me and why I topped up yesterday.
GLAH
Torham
The fiscal raping of which I speak is the simple act of revoking my rights as an existing shareholders to take part in the raise to avoid dilution and then offering it out at a significant discount to new investors only.
In what world is that either fair or reasonable? Genuinely I am intrigued...
thechancers, yo make a convincing case that BIDS is/was a basket case, but I fail to see your investment logic of buying in again at 4.5p in that case. Strange way to invest.
You call the company a joke, but you also state you brought back in yesterday at 4.5p, so you obviously believe this to be a good investment!!!!
martbmth the evidence is the continuation of selling yesterday proves that the shares were in the hands of the bucket squad boys and not some west coast tech that maybe you were ramping on about, Lets face facts here , Who is the wise one, Me who sold at 12p and bought back yesterday at 4.5p or you who is still holding the baby at what ever your average. The placing last year was during all the hype and the SP went up, You tell me where the hype is now? The story is over, No mega millions, Just mega millions lost down the drain while the Bids crew is busy asking JD how he likes his toast in the morning , This company has turned out to be a joke and the joke is on the private investors who failed to realise that they were lied to. Noticed a few rampers hiding away with egg on their faces, I just hope the Captain Dramper can come up with some goods. I am only here for the tech and a laugh, But the broker was correct in his notes, Money needing by the beginning on june, Or it was lights out and if you look at the evidence, of half a million burn every months with 3.5m in the bank at the start of the year, Bids is MAKING NO REVENUE!!!!
I don't think anyone is denying much of what you say here Greenspan but it is history. This to many now represents an opportunity, BIDS must now start to deliver and there will be no hiding.
...oh dear yes let's hard reset for retail mugging 2.0
Just looking in. So this placing is like a 1 for 2 rights issue?
FFS - is this the angle now?! Those nasty men that took part in the placing, they 'fiscally raped' us?! Grab a hold guys and change the record. There is actually a scenario where the company uses these funds to progress. Who, to what level and what intent took part in the placing you won't know but let's not pretend we do to mislead. The SP will do the talking and I'd expect news soon on progress.
Hmmm not sure that’s the right hope haha but I get your point. Better to rip the plaster off fast.
I must admit Helx I have misjudged how low our CEO will stoop. I no longer believe that he has shareholders interests at heart. It’s pretty evident that he doesn’t give a fcuk about us.
If you're invested here and your entry price is mid 20s...you might as well just hope they do get shorted to an early grave. At least then, we can all say our goodbyes to bidstack and forget about them.
I am quite amazed that the broker managed to tell a bigger lie than James dramper, institution's taking part in placing lol, I suggest that people research placings and what goes on in reality, Check out what happened with pathfinder .
These are not investors that you want to do business with, they will Rob you blind and the selling will not stop until the last share has been sold.
This is bucket shop trading, nothing more nothing less, you have been sold down the river. Hints of West coast investors taking part in placing by rampers, that's a joke , the whole situation speaks of James dramper. I just hope that these city boys don't start shorting to manipulate the share price down to buy back cheaper, reading the comments on the bidlovers site. Blindness comes to mind.
Pleased to buy back in today only to grab a profit and to have a laugh. Remember, this is nothing more than a bucket shop deal because no one else was interested. Enjoy your weekend, Monday will be another day of forward selling and flipping