Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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smart post ~ interesting information thank for sharing
If you are invested here you need to get your head around the way this works.
Read the following:
Www.adage.com/article/adage-encyclopedia/commission-system/98405
Industry average is 15% fee for ad agents. Do you think BIDS is an industry average ad agent for game developers? If so, that’s your base case. If not it could be 25% as suggested by the historical accounts (Gross Margins) but could be more or less depending on commercial terms negotiated - just assume 15% minimum.
Ad agency XYZ with up to £10m commitment may charge their clients a mark up of 17.5% to take their 15% fee and give Bids £10m. Bid’s £10m revenue is then passed onto game developer after taking a 15-25% slice. Up to £10m equates to up to £1.5m-£2.5m gross margin to cover admin expenses.
Still not enough to break even as the Chairman said in half year but with £2-4m in the bank (cash balance in June £6m and admin expenses per annum likely at £3-4m run rate) in the bank currently we may not even need a fund raise, however, accept that this is still a possibility and position according to your risk/dilution aversion.
Finally, as an accountant this is all accounted above board and correctly. I really value lots of posters on here but I feel decisions are being made emotionally and conjecturally. The industry is hot and the industry is profitable (look at TTD cash flows). This is a pothole, the road ahead is looking clearer than when you invested back in Sep 18 -Jun 2019! Eyes on the road, not in the rear view mirror.
Someone might suggest 2.5m more likely, but yeah you should definitely sell. Better still, broadcast the fact in the hope you get a worse price. Genius
Trilla. I'm amazed you held through wednesdays storm and now feel this is the appropriate time to sell your holdings . Good luck with your investments.
Good evening. Long term holder here, and my profit is widely wiped out with the recent drop - even with the bounce.
The concern I have is that JD has consistently 'implied' things without saying it, and there is no guarantee that a penny of the £10m will actually land. Furthermore, clearly BIDS do not get to keep 100% of the revenue - they will need to share the budget with the content owners (game developers) who are the ones really bringing the audience.
When the FT placed ads on their site, that are powered by an ad engine - they will receive the vast proportion of the revenues rather than the ad syndication engine. In other words, £10m spent through Bidstack tech means likely revenues of £0.5m ish.
Someone below used the analogy of a mortgage broker considering the revenue of all lending, rather than their small % - spot on.
Closing out my holdings Monday AM.