Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
Hi all.
Sorry not been posting. Had other fish to fry of late.
We are now in the ‘open’ period where the founders can sell a percentage of their shares, under the terms of their contracts. They both sold some last year; not quite the maximum permissible, but just short. They did try to place the maximum with no success so ended up selling into the market over a couple of days late last September.
The acid test for me is whether they sell any this year. I’m assuming the c£350k raises for each of them last year sorted out their mutual ‘personal reasons’ to the extent they don’t need to cash in any more this open period. After all, we are now only weeks away from them being able to ‘show me the money’ so clearly any founder would hold onto their shares until that seismic event has occurred and would resist selling immediately prior to it.
Best of British to you all.
Intrepid.
It would be an acid test of their idiocy if they sold in this time frame, it would be knee capping their own business
Where is this open period documentation? The only mention of share lock in I can see is in the RPO document which says directors cannot sell shares for the first year, and then for the second year they can only do so via the companies nominated broker. What has stopped them from selling over the past year?
James Draper, CEO, commented:
"Both Francesco and I have supported Bidstack financially for over four years during the early stage growth phase of the business and, given the progress made to date, for personal reasons we have taken this decision to sell a small proportion of our holdings. We both still have a significant financial interest in Bidstack and are confident in and excited by the Company's prospects. In respect of the balance of our holdings, we both remain subject to the orderly market undertakings contained in our lock-in agreements until September 2020."
"Pursuant to Rule 7 of the AIM Rules, the Existing Directors, Proposed Directors and Simon Mitchell (who will, in aggregate own 61,008,759 Ordinary Shares, being 30.7 per cent. of the Enlarged Ordinary Share Capital) have undertaken to the Company and SPARK Advisory Partners that they will not dispose of any interest they hold in New Ordinary Shares for a period of 12 months following Admission and, for a further period of 12 months thereafter, they will only dispose of an interest in Ordinary Shares on an orderly market basis through the Company’s then broker." https://bidstackgroup.com/wp-content/uploads/2018/09/admission-document-310818.pdf
So JD and FP could have sold more shares for the past year but they haven't..
Sounds good, not on FB
Coming up on my radar. Very interesting company imop.
Been reading the posts for quite a while now.
I am buying next week. Prepared for her to drop further. I look at stocks like beautiful ladies. The chase is fun part.
I am going long and strong.
The trick is not exposing ones position and almost forgetting ones investment, whilst enjoying the possibilities of great growth.
Warm regards chaps.
Hey Woody, our paths cross again.
I’ve taken a big position here & in Zoe, different beasts but both with huge potential.
Exciting 12 months ahead.
Sounds like the pair of you are talking BS if truth be told
Hi Girdz, just for clarity, I have NO knowledge of "Mozax"
"Woodstock1970" I have seen on too many boards though!
His "long n strong" thing is his signature.
I have no opinion on Mozax, but your judge of character -
"Sounds like the pair of you are talking BS if truth be told"
You can spot 'em and call 'em mate, you really can.
All IMO.
In fact, Girdz if you are ever near Manchester.
Give me a shout.
I know you are a holder, I know you take no BS.
A beer with you would be great man.
Miami Heat, send Boston Celtics home!
Another in-road for BIDS, I stay up until silly o'clock to watch the NBA.
# In the game
#BIDS