Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
This friend who lost his life savings in bids...
... did you tip your friend on bids and that’s why you now hate JD as ultimately you lost your friend his life savings??
No i didn't He was a member on here long before i started to post, Just some of us have a heart and care about people unlike the CEO of Bidstack, I hope JD gets the bullet, Not Killed but sacked.
He was one of many who sold out at a massive loss while others are nursing massive losses , Well I sold out at 12p from my 15p buying price and i bought 50% of those shares back this morning (Expecting further drops) at 4.5p, I will buy the rest back if the SP drops to 2p, You may laugh, But a lot of these investors are not nice people and will manipulate the SP lower
I am astonished JD did not purchase any shares at the placing given he sold £300k last October (at 20p). That's a red flag for sure.
Trader250, that's ludicrous... he would have been absolutely battered if he had done that, and rightly so.
And if anything proves jd needed the money and doesn’t have it left to invest
Nice to have a subject named after me , Like the name , I am a chancer and like all , I am here to make money and that's what i am doing now, Making money while we have this golden opportunity, With well over 20 stocks, I am doing just GREAT , Issue is , to many people are blinded and cannot admit to the truth, the truth regarding Bids, JD had to give shares to the City boys who are now forward selling the shares and flipping at a profit at investors expense, Just hope that they don't decide to short the company to buy back even cheaper, Just look at Prd, Taken ages to recover from the 4p placing due to the wrong type of people buying stock at a discount.
All the people who were classed as derampers have been proved to be correct, But these forums are for debates, some would rather not listen, Question is, who was right!!!! and was i right in selling at 12p and buying back at 4.5p
I will leave you all in peace, enjoy the situation that JD has created
I remember one guy quite some age who invested a ton in BIDS £130k. He was devastated.
The there was Hartlepool Bob another great guy who has left here. A lot of shareholders myself included bought the dream.
I just got out with my shirt on others were not as fortunate. Interesting to hear the latest JD guff.
I think he should go back to we are gonna be as big as Trade desk - that always brings a smile to the faces.
Most likely the guys at Tradedesk...
The question is does this share now represent an opportunity? Placing done as expected, some churn around this level but then onwards towards news of deals, revenue and the development of a new ad category! I hope so as I invested again this morning, as I'd planned to do post placing. Looking forward to progress and doing better than my last foray into BIDS.
Gridz, I think the derampers crucify Draper for simply living, although they would probably criticise him for dying too...something along the lines of bailing out on shareholders (even if they don't actually own any shares themselves). I am sure he could give every last asset he owns to the most deprived/ill children on the planet and he would be criticised for it somehow.
On this occasion he was very much damned if he did and damned if he didn't and as someone else mentioned, maybe he just can't even afford to, or at least at a meaningful level. In the end it is probably safer (and has more integrity) for him not to. As you said, he would have been battered.
What part of investing do you not understand? I advised getting out of this months ago. For those who need to get back up to 20p the SP will have to rise 460%. Massive dilution of shares means that 460% rise is going to be very hard indeed.
Hi trader250/all,
I disagree with you, trader205, regards whether the founders should have purchased back shares they sold in SEP19. I feel it would have been unethical for them to buy back now, having sold much higher. However, I empathise with those who feel the founders' absence can be construed as somehow negative. I guess this argument spins on whether you feel it is ethical to sell higher before anyone is aware of the lack of sales only to buy back in much lower, via a placement you have ultimately orchestrated with your strategy/delivery.
Even if they wanted to buy back in, I'm glad they didn't. I take comfort in that the other BODs purchased £200k's worth. That has more merit.
Onwards and upwards now we've cleared the room of that god-awful smelling animal (and, boy, didn't he ruin the carpets!).
Just need that cash flowing.
12p by September anyone?
intrepid.
Not really. It would send a signal to the market that he considers the fall (in SP) to be significantly overdone and he could justify his purchase on this basis.
Fair point. If there is a series of good news (via RNS) then, yes, I can see a rise. One still to watch.
one of those damned if you do damned if you don't moments ?
as a LTH I am pleased he didn't take more, especially when you look at the fact that he already holds over 10% of the shares ?
Now if he zero interest then I would be concerned
Hi trade205,
That is, of course, true, in absolute isolation.
But it, as a basis for forming an argument, ignores the ethics issue.
Put simply, once he sold out shares at 20p, knowing there were no sales, he is on a moral journey that precludes him from buying back in lower until sales are established. That's my take on ethics and trading where CEOs are concerned.
I know I've have been more miffed if he had purchased than him not doing so. His absence in the placing/subscription does not raise a red flag to me. It would have been different if none of the other directors did, but they did.
Anyway;
SHOW ME THE MONEY!!!
;-)
100% agree intrepid.
JD and FP would have been accused by most of this bb of knowing no revenues incoming and which would result in needing to fund raise at some point in H1.
At much cheaper prices I might add.
What will be a red flag will be whether the founders attempt to sell more shares when their current 'lockout' window opens (or is it 'closes') in September.
If they sell more then, I'd consider that a red flag one could see from the international space station.
intrepid
Like R11111 said earlier, damned if he did, damned if he didn`t, and on that issue I think they have had meetings on this and come to the conclusion that they didn`t need to reheat that subject for the bashers to cling on to, if you don`t understand that trader250 then thats your baby.
Do you not remember how much shtick JD got for taking a relatively small portion (under4%) off the table to take care of some personal considerations?
I think it was exactly the right message to send to the market that he`s not that greedy, and that it shows support by other members of the BOD.
JD still holds 39 odd million shares, which are also subject to any perceived dilution with this placing, so don`t even bother with the `lack of confidence` gag as to why JD didn`t take part...its bs!
You obviously don`t understand how the market psychology would have read it as a serious disrespect of shareholders if JD and FP had sold some at 20p only to take part in the placing at 4p.
I think they`ve played it just right, and 75 million shares bought so far today at 4.5p would suggest the market is happy with the placing details, as confirmed by the screaming absence of derampers having their field day....in fact I wouldn`t be surprised if most of them weren`t part of the buying frenzy at 4.5p!!
Intrepid...wow!
You`ve really shown how disappointed you are in the frenzied take up of shares at 4.5p buy the general market.
You`re now looking forward to a distant date, when the Directors shareholdings `can` be available for sale as a `big issue` for you, IF..thats IF..IF it ever happens that they take advantage of the opportunity to take some more profits off the table would be a big red flag!!!!!!!!
What about if the sp is back to 20p by then and they sell £250k`s each? Would you regard that as a blatant middle finger to the long term holders?
Interestingly the main attack from "the name that shall not be spoken" (excuse the pop culture), was along the lines that Draper didn't invest...I would have thought they would have been having a field day about discounted rasies, dilution etc but nope, they headline attack is Draper didn't invest...
If they sell any more in Sept bottzup you wouldn’t consider that to be a massive red flag?
Agree with everything you say, unfortunately James put himself in that position. Selling your own stock in AIM 99% of the time will come back and bite you in the backside. I think BIDS have great opportunities they just need to deliver. I said it last year if they miss their end of year targets there will be trouble and they were wide of the mark (£140k). If they miss them this year that will be a very tough pill to swallow and if they come in with a poultry £140k as per last year I think they will have problems. This is a big 6 months ahead for BIDS and James to make this work.
In fact forget the seeing a red flag from the ISS...the flag you are trying to wave would be like waving it from the star Betelgeuse...and thats 650 light years away!
Jimmy_Stocks, yes definitely...if its below 10p.