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Started: Alistair2752, 9 May 2024 15:43
Last post: tcxman, 3 Jun 2024 07:11
Thanks for link. I've registered. only had small holding but every little helps!
Started: Alistair2752, 9 May 2024 15:40
Last post: Alistair2752, 9 May 2024 15:40
Www.bidstackshareholders.org
Started: Clannus125, 23 Apr 2024 09:20
Last post: jalapem, 8 May 2024 21:05
Do you have a direct website link, please? I am strongly suspecting foul play where this particular company are concerned. Been here since they took over Fitbug and all the 'Bidlieber' nonsense commenced. I have heavy losses here on account of their BS.
Yes there is. Google the Bidstack Shareholders Alliance they are pursuing legal action against the directors. If you were a shareholder at the time of delisting please contact them via their website and let them know about your holdings and they will add you to the legal action. Good luck.
Hi I’ve been a long time holder of Bidstack. Is there some kind of group action going on the Alliance? Does anyone have details please.
Gymbo, sorry been off grid for a few days so only just seen your message, have you had any of the emails now ? If not send an email to the admin address on the bidstackshareholders.org site. If your details have been registered and you were a holder at the time of administration you should be on the contact list.
The silence from the big investors who have thrown big money into bidstack is very suspicious.
Why wouldn't they voice against and take action to fight those fraudsters? Most likely they organized this fraud together.
Started: thechancers, 26 Apr 2024 17:10
Last post: thechancers, 26 Apr 2024 17:12
Financial times, not the telegraph
What has happened here is very much like koovs, the CEO bought the company out of administration for peanuts and shareholders lost a lot of money, the CEO is a labour lord called Lord Waheed Alli. I believe nothing came off it and Alli was able to walk away untouched even though it was clear on what he had done, Lord Waheed Alli I guess has that many connections that he managed to get away with it, I just hope that JD ends up getting prosecuted. Shame about that interview getting blocked when he was going on about Andrew house, I think that's the last interview that I seen him on if anyone is interested in reading about the koovs case, I will try and post the link.. otherwise type in koovs and administration ... look for the telegraph good luck. https://www.ft.com/content/d779d025-a061-4d57-8df9-0ce1520a58e3
Started: Clannus125, 18 Apr 2024 11:40
Last post: helx, 18 Apr 2024 21:19
They're closing in on them. Draper will be hoping it's the people from the postcode lottery knocking on his door. .
...and ringing his bell. Unfortunately there won't be any lovely red puffa jackets on this lot.
Noticed the Proactive Investors interview from Feb 20 is now blocked from public viewing although the other interviews done since then are still viewable. From memory this was the one where Andrew Scott grilled him on the share selling.
"18/2/20- Bidstack Group PLC's (LON:BIDS) James Draper introduces the business to Proactive London's Andrew Scott to discuss the firm's 2019 trading update as well as the outlook for the in-game advertising technology space. Draper says a big focus for them in the year ahead will be on education helping investors on what to look out for and when. ''There'll be a new wave of titles coming out from around June onwards and we want to be in a position to capitalise on them to make some serious revenue''. ''It's all about making sure we do the right things in the first few months of this year to ensure we're ready to spend our already locked down trade agreement cash on the right sort of inventory for our customers"
Started: bladesharp, 1 Apr 2024 16:13
Last post: Clannus125, 11 Apr 2024 15:14
I have read it and my opinions remain the same I'm afraid, it all stinks. Main takes outs for me were Hilco's valuation on the IP at only 10K, no way of knowing how much detail was included in the teaser document , the rushed element to the whole thing, the (ridiculously high ) cash burn of the company, no details of how the 3 mil from Azerion seems to have just been vaporised almost instantly
Look it up on Companies House.
As I said before, shareholders form no part of an insolvency process - it's all about maximising returns for creditors.
No what does it say?
Have you read the Statement of Administrator's Proposal?
@tilfatladysigns except perhaps in the case of blatant fraud and deception. If the IP was shielded from any deals, if the administrators were misled into thinking that the company was only worth £80k, if the shareholders were not consulted at any time, if no serious buyers were contacted, then there is a blatant case for fraud and the administrators either didn't investigate properly and thus didn't do their job properly or were complicit. In which case IMHO there is a case for them to be liable too.
Started: fildzofgold, 8 Apr 2024 21:31
Last post: fildzofgold, 8 Apr 2024 21:31
Started: fildzofgold, 7 Apr 2024 11:48
Last post: Girdz, 8 Apr 2024 07:18
Notice some past employees including Derek Wise, ex NED, liking this statement from Jamy.
Clearly Draper is not a liked person.
This just adds to the fire.
The net will be closing in and they will soon have a lot of explaining to do..... Can't wait.
Https://www.linkedin.com/posts/jamynigri_bidstack-just-keeps-screwing-up-i-commented-activity-7182413524822822912-NwNC?trk=public_profile
Perhaps Jamy Nigri should have a chat with Nick Hargrave and the Bidstack Shareholders Alliance?! as he writes the following on Linkedin:
Bidstack just keeps screwing up!!
I commented on their tone deaf post about bankrupting the company - and then acquiring the assets 5 seconds later at a fire sale. Wiping out money from hard working people and friends of mine. USING the excitement around GAMING - despite not understanding or caring about the space.
This ends now ..
I reposted their tone deaf statement — and now — they‘be obviously blocked it. Predictable. Hiding. Avoiding. Lying.
Dear James & Lisa,
You can block - and you can dodge; however, what you’ve done is disgusting. I use that word quite purposefully.
I never commented when you;
- issued BS marketing to pump the stock
- issued BS partnerships that you never fulfilled to pump your stock
… and I didn’t comment because of business incompetence, terrible technology and a myriad of poor decisions … because that’s just incompetence.
This is different. And whilst I abhor thinking about your business - and reliving those days - you’ve stepped over the line.
So EXPECT me to be quite vocal.
And again, I INVITE your comments - because we both know that they won’t stand up in the public eye.
Started: PD101, 5 Apr 2024 20:27
Last post: PD101, 5 Apr 2024 20:27
Https://twitter.com/bidsalliance
Exposing the crookedness.
Started: fildzofgold, 5 Apr 2024 02:25
Last post: fildzofgold, 5 Apr 2024 02:25
Just a thought but shouldn't Bidscam sorry Bidstack be reported here:
https://www.actionfraud.police.uk/
They haven't been transparent with the shareholders, have in fact lied about their true intentions, have walked away with millions worth of IP. Surely this qualifies as fraud?
Started: Chipperhc, 4 Apr 2024 11:20
Last post: helx, 4 Apr 2024 21:57
Good Lord Mr Patience!!!.....you really have been shat on from a great height here! We've all been absolutely shafted and let's hope karma isn't far away.
DITTO! I, just like you was invested in Fitbug, and pulled out after losing a fair amount. I then, put my money, my 11 year old daughters, and my mother's in Bidstack. We had invested heavily here, in excess of around £150,000. Tha majority bought when it was around 30p per share. I pulled out when the stock plummeted, and between us only got around £5,000 back on my £150,000 invested!! I hope and pray that karma comes and bites these selfish p@@@@s!!
bought into this ****ty share when the bod called themselves fitbug. went touring round europe for 2 months and took my eye off the ball. came back and the share was tanking, over the years it’s changed identity many times ending with bidstack. i always knew there was something dodgy here but naively thought i was being too cynical. wish i’d gone with my gut feeling and sold out at the fitbug stage.
Started: fildzofgold, 4 Apr 2024 08:15
Last post: fildzofgold, 4 Apr 2024 08:15
Https://www.cityam.com/bidstack-silent-as-investor-anger-grows-over-pre-pack-administration-deal/
Thank you to the journalist for highlighting this fraud on a grand scale. The BoDs are staying silent because they know that what they have done is wrong and they are trying to get away with it, or think they can. How many millions were stolen from the shareholders?
'Cybersecurity firm Irdeto was the firm’s largest individual shareholder, which held a 13.49 per cent stake in the firm as of January 31, according to Bidstack’s website. Irdeto invested £6m in the firm as part of a funding round in 2022.
Canaccord Genuity Group, Seneca Partners and Rathbone Investment Management, all held stakes of 9.64 per cent, 4.83 per cent and 4.28 per cent respectively.
None of them responded to repeated requests for comment.'
Perhaps these firms should be sued too if they were aware of the deal and are still shareholders in Bidstack Ltd?
FOG
Started: RazzaB, 3 Apr 2024 14:16
Last post: RazzaB, 3 Apr 2024 14:16
"Its definitely EA Sports" - cozzy
Started: Clannus125, 29 Mar 2024 14:06
Last post: wozzer70, 3 Apr 2024 13:50
Thanks I have submitted my form. I hope Karma will catch up with those fraudsters who have betrayed investors.
Greetings, I have submitted, but how do i get a receipt of submission
Thank you. I will submit it immediately.
Here is the jot form for those that missed it, it hasn’t been deleted, bladesharp posted it on 27th March on here so you would have needed to scroll back through the posts to locate it.
https://form.jotform.com/240862361596059
Started: fildzofgold, 31 Mar 2024 23:33
Last post: helx, 1 Apr 2024 10:01
Draper has done himself no favours whatsoever.
Got to hope there'll be plenty of heat on him as a result of his actions. Sounds like it's not just a handful of people that are disgusted at his conduct, so it's more likely something will be done about it.
Stockbox research talks
https://youtu.be/HB5IIfyDZ2Y
Listen from 34 minutes into the programme.
Started: Gymbo, 29 Mar 2024 07:31
Last post: cambridge130, 31 Mar 2024 18:58
Sold my shares years ago, and my loss was modest on a percentage and absolute basis compared to many here, but for what it's worth I think Draper et al are complete scum and I hope that you all are collectively successful in your efforts to end that complete POS scumbag smug little C***.
Share tippers, people like Tom W, market makers, Twitter wallies etc were not the root cause of the problem. The real enemy was only ever that lying shyster Draper.
They really must think they can get away with doing that. Just got to hope a huge amount of shareholders see this as the ultimate betrayal and get the ball rolling for a regulatory prod about.
It absolutely stinks.
This is on Linkedin. How did James Draper and Lisa Hau went from owning 3% and 0.1% to 25% of the shares leaving the shareholders penniless. Unbelievable. They both belong in jail IMO.
https://www.linkedin.com/feed/update/urn:li:activity:7177719612405379072?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7177719612405379072%29
James Draper CEO of Bidstack owning 3% of the company they're in charge of, is able to mismanage that company to the point of administration, but then buy that same company back under another name, award themselves 25% ownership and then start promoting it quite happily.
And let’s not forget Lisa Hau has gone from 0.1% to 25% fishy?
(Disgusting)
James Draper being "delighted" to acquire Bidstack Limited from the administrators of #Bidstack when shareholders have lost everything.
Not even an acknowledgement of those investors who have put in their hard earned money into the company.
(Disgraceful)
Chairman of #Bidstack Dr David Reeves telling investors that directors will protect shareholders the whole way
You couldn’t make it up! 🤣
I'd imagine most of us would agree with that Girdz.
There must be scores of us that would be queuing up if they stuck him in the stocks.
Hard fruit only.
“I very much doubt you'll ever see any of your money back”
I’ll happily forego my lost money if Draper does a stretch at his majesty’s pleasure.
Started: Clannus125, 29 Mar 2024 20:58
Last post: Clannus125, 29 Mar 2024 20:58
Just did a bit of googling on sports rights holders ESG policy and came upon the following:
Very few organisations within the sport sector understand that they are brands and then appreciate that their value largely comprises intangible assets and therefore how that value is now linked to ESG
“In relation to such values, sports brands are frequently disconnected from pure revenue-based valuation models and are impacted by scarcity in supply and so-called ‘trophy’ factors, because of prestige effected by ownership. It follows however that when a shadow is cast over a reputation related to those intangible assets then the value can be quickly lost.
“The extent of the reputational shadow will follow from a series of interactions in sport with, for example, media, fans, followers, volunteers, influencers, participants, users, customers, partners, suppliers, staff, investors or shareholders and regulators.”
Now, the relevance of this? Do these sports clients wish to be connected in anyway with an organisation headed by an individual that currently stands accused of actions far removed from appropriate governance ? Once they find out I doubt it
Started: fildzofgold, 29 Mar 2024 11:42
Last post: fildzofgold, 29 Mar 2024 11:42
Https://mobilemarketingmagazine.com/azerion-buys-ad-tech-platform-hawk-for-7m-rising-to-a-possible-20m/
I am sure Azerion would have been up to buying Bidstack if the BoDs were actually honest and had accepted to sell the IP as part of the deal. If the IP wasn't part of the deal it's no surprise that they didn't find a buyer and that's where the fraud is. They used money from Shareholders to then create a private company without consulting shareholders and taking all of the money which doesn't belong to them personally in the process.
Started: Gymbo, 29 Mar 2024 10:30
Last post: Gymbo, 29 Mar 2024 10:30
The question is who are those individuals or group of people or institutional investors taking the directors to court. If we know that then we can co-operate and join them.
How to find that out?
Started: BigBlackBull, 29 Mar 2024 02:53
Last post: BigBlackBull, 29 Mar 2024 03:18
In any case these fraudsters are a danger to the public and must go to prison.
Let's take them to court to see where all the money has gone and how they were able to buy the IP from the public company without asking anyone. If it was a company which failed then there would be no interest from anyone. But here we have big partnerships and IP which worth a lot of money. How this can be stolen from shareholders like this without asking. All the IP was built using shareholders' money and it belongs to the shareholders. We shouldn't give up on this. British Justice needs to be judge this case.
There was a big fraud committed here by the directors and Irdeto is involved too for sure. All the shareholders should cooperate here to take a legal action against them for this fraud so the fraudsters will give the IP back to the public company under new management and then go to prison as they deserve. Are you shareholders ready to cooperate together to take this legal against the fraudsters?
Started: Girdz, 28 Mar 2024 13:29
Last post: fildzofgold, 28 Mar 2024 21:32
At least Sam Bankman Field says he is sorry. Draper ain't sorry. He's DELIGHTED lol
FOG
Https://finance.yahoo.com/news/sam-bankman-fried-sentenced-to-25-years-for-defrauding-ftx-investors-153316368.html
this guy got 25 years in prison for defrauding investors...hope Draper and his lot get caught. What they have done cannot be legal. They are boasting about the company having great potential and they cannot find one single company to buy Bidstack. I smell a rat. The IP was shielded for sure and as Nick Hargrave probably rightly speculated they just pretended to look for a company to buy Bidstack when the outcome had already been decided leaving all of us, the shareholders in the dark. How much money has been poured into Bidstack over the years I wonder.
FOG
Thanks for sharing fog. That's a very clear, fair and factual summary, well done Mr Hargrave - I salute you. As it is the truth it should be taken up by everyone that receives it without question. It's time the truth prevailed rather than lies.
Could you guys share the text of the Hargrave summary on here, I haven't seen it
Started: HivedOff, 28 Mar 2024 12:58
Last post: HivedOff, 28 Mar 2024 12:58
I’m assuming we’ll all find out this was just a big ruse in a few days time. Old Draper…was is he like!
Started: Alistair2752, 27 Mar 2024 19:20
Last post: Clannus125, 27 Mar 2024 20:14
Waite and other influencers were likely to have been engaged early on to assist with achieving a favourable share price for those founder sells as well as for themselves, as it happened the price peaked a bit too early but they still did very nicely out of it
What happened to all the deals mentioned in this video. They should have been making a fortune, maybe they did but hid it?
Dentsu, the Trade Desk, Unreal Engine, Appnexus!!
https://audioboom.com/posts/7357213-bidstack-two-shields-investments-and-bahamas-petroleum
Started: bladesharp, 27 Mar 2024 12:20
Last post: helx, 27 Mar 2024 19:41
We've all been on the losing side for years. Just took these to go pop before some people realised it was all just one big charity fund raising event....and gravy train. I did try to point it out several times over the past few years though 🤔
Push send before I finished.
I’m interested to see what happens now with shareholders filing complaints etc.
so ultimately we are all on the same side now
Helx - let’s just draw a line under digging each other out now
I'll be amazed if Draper and co are ever held to account. I feel genuine sorrow for shareholders who have lost their hard earned.....but not Helx2. I shall just offset my large loss against some pretty decent gains elsewhere thankfully...and hope karma turns up.
i fail to believe the administrators took this to 200 companies and they all said no.
that would ultimately mean the idea is a bag of **** and no one values it.
yet, draper and co “bought” the company and will carry it on privately with all the contracts etc in place.
it stinks to high heaven.
i’d love someone to really get hold of this and have a drains up from 2019. on track for gbp 5.9mil all the way through 2019, and then delivered gbp 20k week before xmas remembering draper and fran sold £300k worth of shares in q3. bull **** alert.
if fca/sfo do get involved, i hope they also investigate justin waite as an influencer. i’d like them to investigate his promotion of bidstack, alongside draper, with the timing of his sells in bidstack.
i bet those videos have been wiped off the internet
Started: fildzofgold, 26 Mar 2024 15:14
Last post: B3ast, 27 Mar 2024 11:31
@MrPatience it was a good thing you took the £2k out, something is better than nothing!
I wonder if the board of Norwich City FC realise how their past sponsor treats the same normal hard working folk that pay hard earnt money to watch their games ? I would like to think they and any other sporting organisation thinking of any involvement with his company would be disgusted, they should be.
Good to see some action brewing, maybe that cityam article should be forwarded to all those other journo's, the louder the better, get some momentum going. Well done to those prepared to take it on
Https://www.cityam.com/out-of-pocket-bidstack-investors-vow-to-take-action-after-execs-buy-aim-listed-firm-out-of-administration/
What a journalist needs to do now is to contact some of the companies who have been supposedly contacted by Bidstack to understand what was actually on the table. If the IP was shielded from any deal and if Draper and his lot tried to keep the IP for their own VST company or whatever it is called, it is fraud in my book as the value of Bidstack lies in the IP.
Helx2 I did try and warn here about bidstack, a bit like Cloudtag.