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London‘s first AI listing and on course for nearly $20 million advertising revenue this year. Roughly $10m cash available for accelerated growth. BIDS currently valued at £73m based on anticipated revenue of £300k according to January rns. Market cap touched £100m earlier this year
You honestly think so will remain at 3.75 equivalent upon relisting?
Gobsmacked by how s**t this is. 19 months to still be 65% down. Cheers to Hale and Sargent. "Significant near term value for shareholders" apparently
The raise has been done at current share price tho and we are being consolidated 1 for 12? So there will b 50 million shares but the equivalent of about 500 million pre-consolidation. So if u had 12k shares before you'll have 1k now. Relist price will b about 50p so we will have gained nothing beyond price prior to suspension. Meaning we're all still way down and have to wait again, possibly years, for potential future growth?
Whoop whoop! This is looking proper! Worth the wait indeed!
Looking forward to hear what Bloc will have to say in the next RNS. The more I think about it, the more I believe this could be a very lucrative target and cutting edge market. Good luck bloc heads!
AGM announcement for 27th sounds like they are lining up the ducks. It certainly seems more positive that this is actually happening now. I expect news re. the RTO by Monday the 16th. News 2 weeks before the anticipated admission to AIM would seem a reasonable timeframe for market to digest and necessary admin to be undertaken?
Sounds better. Let's see. Early September means b4 15th in my mind, so I expect update by end of next week.
Morning,
Yes it had some good times.
Hopefully this can replace any losses if occurred.
Decent RNS which seems positive.
Jon Hale, Chairman of Blockchain said: "This is a tremendously exciting period for the Company. The team has worked tirelessly post the disappointment of the aborted Chorum acquisition and has progressed the acquisition of Entertainment AI Inc., an artificial intelligence and machine learning focused company operating in the media space.
We have been pleased with the positive investor interest and I look forward to updating the market with further information about the Company and its prospects in early September with a clear view to demonstrating significant shareholder value in the near-term."
Morning Earl
Sold out, only recently too. It was a good ride there, and made good profit but watching free ride deteriorate I lost interest. Little embarrassing reading their progress now, think they should drop blockchain from their name. Online altcoin would be more fitting.
I do hope the guys can pull this deal off, as I think once people understand all who are involved and their collective achievements it will profit us greatly.
Yes I m more optimistic now after reading the last RNS. Good to know there is an appetite for investment in the entertainment AI sector. Think I will line some more pennies up for the grand open!
Pauldark & topup, wondered if either of you still held #OBC ?
I know it’s dropped back a lot since the dizzy basically pumped heights of £1.40s-£1.50s but goes to show how tech stocks can be .
I remember it hanging around 60 - 80p for quite awhile before that happened.
Hopefully if this gets through it will be well received.
Hi Pauldark – I think prior management claims of multi-bagging potential, certainly from these levels, may not be entirely unrealistic. I’m unaware of any other pure-play AI stocks currently listed on the AIM or main market, so the newly listed company will seemingly enjoy a first mover advantage in a **** hot sector. Something I’m reluctant to underestimate, having been invested in REM when they JV’d with Bacanora on their globally INsignificant Mexican lithium deposit in 2013.
Management’s track record was less than illustrious (Lenigas had his detractors even then), and there were 2 Billion+ shares in circulation, but NO other stock in the UK offered such direct exposure to the burgeoning EV-inspired Lithium exploration business at the time. The sp still spent the summer languishing around 0.04p, until the apparent catalysts of a brief mention in the Financial Mail and momentum-trader social media commentary propelled the stock to an intra-day high of 2.4p within a couple of weeks. Naturally I sold out far too soon, but have never made a larger percentage profit, either before or since.
As EarlGrey mentions below, very little is known about this company yet, and obviously so much will depend upon company financing & share structure, but the present appetite for AI suggests that it’s re-listing will not be without media attention. Any hint of subsequent collaboration with an entertainment industry major stands a good chance of capturing the market zeitgeist.
RS & JH have made $100m companies out of micro-caps before and Ann Greeberg co-founded Gracenote which was acquired by Nielson for $560m. Like everyone here I’d be happy just to see this one get over the line and listed, considering anything else as a bonus… but it would be unwise to write off the new company’s chances before it’s even begun to trade!
Yep. I'll b gobsmacked if this relists above 10p and it may come back no higher than it is now. After 19 months of waiting it would b pretty P poor if it does. My prediction is 250 million shares and an mcap of £25m.
Ahh thanks for enlightening me with that. Makes sence now , but It makes you wonder why they were main market in the first place. There talk of ' ten baggers' are probably unrealistic then from the off.
Less regulation on AIM and fewer hoops to jump through when raising cash. Aim is usually better for newer companies that may need to raise cash or require more flexibility. Can be a good or bad thing for investors but for new companies it seems the most sensible way to go. We know that there will be a raise here and on aim the company can do it without having the extra admin expense needed for main market.
I don't understand why they would de-list from the main market? Surely it's a step backwards..can someone shed some light on why they would do this? Thanks
This month Sceneplay / Entertainment Ai renewed its patent which was probably part of the hold up.
Now we have a set date to look towards and expect an RNS EGM outlining how this will come to market.
As Topup says let’s hope this one crosses the line and RS has kept the dilution down.
Look forward to more information to be honest as this stock has been really stealth and hard to find things.
Fingers crossed still and Gla
It hasn't gone through but you need an EGM before it does and it pretty much says it will be within the next month.
Well at least we have some time frame to work with now, hope they can complete this time
It hasn't even gone through so you're the 'bell'. No info so no clue.
Aim Stfu you total bell.
Absolutely no pleasing you .
Quit shareholding before you top ya self
AIM! So all the bluster about this being a legit LSE listing was wasted. Can't wait to sell on relist!
There's one now!!
I see these jokers still haven't given an update. Obviously struggling to finance this one too.
I think news will late November/early December