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Aldebaran, you have as much right to post your views as anyone else.
I hold shares in the company and wish Bidstack great success. You do not, I guess.
I have also met JD, but we can all say that. I found him to be very sharp and good company.
Your repeated claim that directors have left, referring to JD as a crook, is totally false.
Alan Ngai tweeted this just after he and Bidstack parted company. He didn't substantiate the claim and shortly afterward deleted the post. He was never a director in Bidstack.
It’s normal to have mixed views from employees, past and present, concerning the management.
What doesn’t seem objective is only to look at the negative ones. So in the interest of balance, here’s a recent LinkedIn post from Yasin Dabhelia, describing James as an inspiration and liked by numerous Bids employees. Sorry, you will need to be signed up to see this.
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https://www.linkedin.com/posts/yasindabhelia_kudos-inspirationalleader-activity-6898833757198262272-p7nd?utm_source=linkedin_share&utm_medium=ios_app
Just for factual accuracy, both James Draper and Francesco Petruzzelli sold 1,500,000 shares at a price of 20p, in late Oct 2019, realising gross sale proceeds of £300,000 each.
The bashers didn`t want to correct that down from £400,000.....obviously.
I think the trust part is critical and time will tell. The bigger they get the more scrutiny he will be under and I certainly think there is still a case for a professional CEO to come one board. The example that always sticks in my mind is Google/Alphabet with Eric Schmidt.
I am less interested in if he is likeable. I have met CEOs/Execs who are likeable and useless, and others that are certainly not someone I would enjoy a beer with, but were a damn sight better at their jobs and could make the difficult decisions.
I do get some of the concerns over Draper's capabilities, but he did create the thing from nothing, so I think he deserves some slack. Some hype aside, I am not sure if they would have been in a better position with another CEO than they are now (business side speaking, not share price). It is such a new business and in such a nascent area that it is really hard to determine how much more quickly or more efficiently it could have move with someone else at the helm
Good reply R1. I can see your points there.
Only counter from me is that he did make a fortune when bids RTO'd an the fact he had to cash shares out only a year later doesnt fill me with confidence in his money management ability. Maybe now he has doubled his salary that will help (sorry couldn't resist that dig).
I just don't like or trust the guy and I have met him. It concerns me that directors have left and referred to him as a crook.
Anyway all said and done that was a good reply so i wont labor the point.
Jury is out on Draper be interested to see how he handles this next fundraise.
well said R1. I'd be happy to respond to Alders' queries / concerns too, just as soon as he concisely answers the question i've asked him several times already - especially since I asked first.
Guess I must have touched a nerve with poor old Mr Sloane given the post was removed.
Aldebaran on the CEO stuff
- I agree they shouldn't have given themselves a pay rise this year.
- Yes his holding has diminished, but that is due to him being diluted to the nth degree, he hasn't exactly benefitted from it himself. Now yes he has been diluted because they needed cash and haven't/aren't self-funding
- On the listing on AIM. I can't remember the initial market cap, but it wasn't huge and aside from a paper profit at the time, I suspect that he didn't actually make much then. The initial listing benefitted the original crowdfunding investors by a x7, but the company was tiny and had nothing much more than the initial technology and concept
The valuation for the first year was bonkers. It was never worth it at the time. Did Draper hype it? To some extent yes, but it didn't really take much to see that there wasn't much there at the time beyond an idea. I think he just got carried away. I have to admit that at the time, I had effectively written off my investment in Bidstack (when it had been crowdfunded) as I didn't even get the IGA opportunity.
- The amount he made from his later share sale was c.£400k. A nice amount sure, but hardly a massive amount in they way it is being portrayed. He retained most of his stock (and has since lost a huge amount of value on that)
- I also think he has been naïve, particularly in the beginning, but look as his CV, he has never done anything like this before. I suspect it has been a steep learning curve. I also think they missed a trick by not getting a more experience hire to support him
None of the precludes the fact that Bidstack has a massive amount of opportunity and is finally gaining some traction and has every chance of being a success.
They monitor these boards will have seen the messages the fact they haven't put out a statement says it all.
It will be ticked off at the AGM. They aint gonna wait until the last day of cash then raise they are gonna raise well in advance. Will Draper buy shares in the placing is what I will be looking at. Suspect he wont.
Helx2 if only you were as sceptical of the CEO as you are other retail investors on here.
Ignore what the CEO says and look what he does.
Delivered zero shareholder value
Over egged revenue targets and missed them
Had huge payout when these RTO'd into the SPAC
Paid out again when he sold a tranche of his shares
More than doubles his salary year on year with no justification
His holding in the company has gone from over 20% to approximately 4% in less then 4 years
Care to comment on any of that? No of course not because you think the sun shines out of Drapers butt despite evidence to the contrary.
Well I bought the bulk of my holding at 1.7p as I’ve stated on this board more than enough times so I guess you do maths to figure out how I’m doing. Why you bothering to post here if you’re not planning on investing for a wee while? It’s a question none of the deramp squad can ever clearly answer. Funny that.
Bore off mate, you called me out intially for suggestinjg Draper and FF had his and hers Mclaren's. Pathetic really it was a turn of phase as they prbabaly got two for one on their finance option.
Filtered so i don;t have to put up with your Luther.
So how were your comments meant to be taken
"I bet you spend Friday nights on Hamstead Heath with that sort of liberal, easry going outlook on life."
What do people do on a Friday night on Hampstead Heath? Play rugby, cricket, or more likely now the weather is nice, sit on a blanket and have a drink with friends. Not sure how that is liberal or not, and also why would you attack people for doing that kind of thing, makes no sense.
And what has my being woke or not got to do with trying to educate you on the appropriateness of comments and trying to be a decent human being when it comes to comments on a discussion board.
It probably says more about you than me and your outlook on the world.
Funny isn't it, you are trying to attack me as being woke, when all it means here not being abusive to others on a discussion board.
Don't know where you get that from mate. In no way is that how my comments are meant to be taken.
I suugest you turn your Woke agenda elsewhere.
Sloane is your only real argument here to be homophobic. I assume that is supposed to be the insinuation. If so what has that got to do with Bidstack.
If that is what you mean, then it has no place on a discussion board about shares. It also makes you look like you have lost the argument as there is nothing behind you comments on Bidstack but to throw nasty comments about.
Helx2 , i'm just getting green boxes , but assume your rinsing them again !
Not really mate.
Nigel HAZZARD still suggesting 10p by x-mas and no fund raise ABSOLUTE LOLS
Draper and fund raise must be out the way before I look at this again. Are you 30 or 40% down?
So shrewd he took a screen shot last year of 100k he invested in Argo @ 100p !
Under 6p !......What utter simpletons, some people are. Still quite incredible that some people can't see where these are heading. Red every week, a financial lifeline needed and the likes of Bottmzup and co think these will be going up soon. The Duke tweeting bits that have nothing to do with Bidstack's current situation and acting like a shrewd businessman.....while these drop lower and lower. Let's hope Jethro and son haven't decided on a load of these shares instead of a new muck chucker they need. Big upward trend coming soon The Duke?
Please can everyone note that if Gridz actually believed his own advice he'd have sold his BIDS shares by now lol
Holding onto them would make zero sense if he genuinely thought these were going to a penny. Genuinely can't make this s*** up haha!
pot calling kettle black...!
“and if they do another placing at under 6p “
You’ll be adding for sure then bottomz.
And the placing will be well under 6p
Try a penny.
#keeprampingtogetpriceupforplacing
You really have got a thing about JD and whatever he drives...as if that has the slightest bearing on the in-game advertising industry, or where Bidstack are positioned within it.
Its you that needs to put the crack pipe down mate, and stop stewing over irrelevant issues between your ears!
lol says the guy that loves BIDS and can't wait to buy in albeit at a lower entry point - a strategy that gets riskier every day.
LOLS
Bank loan!!!!!!
What with security against Draper and Franz Ferdinands his and hers Mclaren F1's financed up their t*ts
Put your crack pipe down mate it is very early.
`when the fundraise comes`....bla bla bla! Same old song.
After the first fundraise of £5m at 12.5p, the share price went up 250% within a month.
After the second fundraise of £5m at 5p, the sp went up 55% to c8p within 6 weeks, then on to +175% to 14p 4 months later.
After the third fundraise of almost £11m at 2p the sp consolidated while the flippers played out, then rose 200% to 6p as the end of the year approached.
So I can`t wait for the next one, whichever form it takes...bank loan?
But here`s a scenario for you to contemplate.
More positive developments are announced giving the sp a boost, then they raise another £5m at 5p.
This would send several messages to the market.
First it would say that they don`t need too much more before they are profitable.
Second it wouldn`t dilute the shares, adding only 100m more to the issue.
Third it would take any pressure off the cash flow position.
The company is in a vastly more developed position now, with deals and partnerships getting agreed for fun.
We`re past the test spend stage now, but even back then Bids found it easy enough to find backers for fundraising....oversubscribed actually.
The inevitable bounce after raising funds has happened every time so far.
I added significantly on the 2p round, and if they do another placing at under 6p I will be adding again.
So you keep bellyaching, and I`ll keep smiling!
Here's an alternative take on why Draper never bought - having sold some shares at a much higher price, perhaps it would have been morally wrong to then rebuy in at a much lower valuation.
At the time of the raises, many people on here were effectively getting a mob together to scream and shout at Draper if he did buy any further shares.
Once again it would seem that he couldn't win. If he bought he would have been lambasted, and if he didn't he woudl have been lambasted...A Cornelian dilemma
and you're here posting because...?