The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Morning guys,
great price action yesterday. Whilst the sp is lower than it has been there has been a large shift in sentiment yesterday. I think finally people are beginning to ignore the aim babbling and see bidstack for the great tech investment it can be. So much was done last year and I think it's cruel that we don't acknowledge that. I've said it before I do trust JD, he's been working on this for 9 years now, he is the right man to take us forward and new investors will make their own mind up. Listening to the recent podcast I believe even more they were close with revenues last year, I don't think jd intentionally lied and I believe this company has a, very very bright future. Loving the forum I will check it out later. Apologies if this has been posted but what are people's opinions on the below thread? I agree that a fundraise abroad would be a great thing.
https://twitter.com/shadowstocks/status/1228214100561297408?s=19
A fundraise in the west coast will be an amazing thing for bidstack. Tw and these dinosaurs will not understand this, they have no knowledge of the industry. I hope we bring in new tech investors who will not be swayed by minor league investors like tw. Today was a turning point I've been watching from afar and I'm very happy to see the narrative has changed. Good luck all, this is a new ad category and we have some great names on our side.
There has been a lot of false information spread over the past few weeks. Admittedly some may remember that I myself was pretty livid with JD after we received the trading update on the 18th of December. JD has since explained what happened and for me the great work he has done so far greatly outweighs this blunder. Those of us who have invested in micro-cap businesses such as Asos/Boohoo will know that there are always bumps on the road to success, what’s Important is you trust the CEO and the business plan, which I do.
I’m frankly amazed that anyone is buying into the rumours that Bidstack is winding down. I know for a fact that Bidstack is rapidly growing, they’ve hired over 40 staff in the past year in both the US and the UK, is this the sign of a business that’s failing?
As of the last interim trading update Bidstack still had 6 million in the bank, we’ve been told to expect game contracts in Q1. James has delivered on everything he has promised up until this point, I don’t believe JD lied to us, I believe it was a genuine blunder which happens in business. Bidstack have set out to create a new advertising category in one of the fastest growing industries in the world, they have the support of the Densu network who want them to succeed because it will benefit them. Who knows what the future holds, but if Bidstack do achieve their goals it could grow into the biggest company the London microcap market has ever seen. This market is corrupt and easily swayed, JD will be wanting to move onto a more respectable and better regulated market as soon as he can, I personally want to own shares if and when that happens. I am holding my shares until at least 2021 unless anything changes. Use logic, numbers and not emotion to make your trading decisions.
We are currently at a great buy in price, the same people moaning and fearful now will be the ones that buy high again.. many new retail investors are completely missing the part on finding the correct buy in.. this is the reason for many peoples loses on Bids. Many of us lost profits but kept our initial investment, if you believe in this company the buy in is now, do not decide to buy in at the top again !
Nothing has really changed in the short term, we are waiting for results from the latest drill. Because of what happened with well 16a they will not release an RNS until all the information can be provided such as percentage of water. They will want to be as clear as possible. This is a great buy in point with news just around the corner, if indeed you think it will be positive.
Hi guys, I wrote a pretty scathing article last week after the trading update and subsequent confirmation RNS. As somebody who invested a fairly large amount at the placing, at the time I was furious. After speaking to a few of the first investors who are closer to the business than I am, listening to JD's podcast and doing some more of my own research I have , for the time being put my fears to rest and actually improved my postion here. I think the future is bright for bidstack, a minor blip on the path to success. For anyone thinking about investing I think this SP is a gift, anyone that missed the boat this may be your last chance to buy in. I feel good news is on the way in Q1.
Chancers I'd lose respect for any investor who isn't questioning bids right now.. I'd say they're far too emotionally invested.
Very frustrated… a few on here will vouch for the fact that I invested a large amount in the Bids placing earlier this year. I don’t comment much on here but when I do it’s largely positive because all inclination from JD has been that the business has been running smoothly and to plan. Looking back I now feel many of us here have been scammed, Bids has turned out to be just like other AIM businesses. JD sold shares and lied to us in hindsight, they would have known at this time that they were not going to make revenue targets, JD then replied to a group investor request on Linkedin because he felt this would bypass the legal ramifications of an official response in writing. It’s very clear Bids is struggling now.. they aren’t going to make any ‘significant revenues’ that to me means they are going to make next to nothing. We know their ads have been live so this means their margins must be extremely small. Now we come to the RNS it stated “for gross media expenditure up to £10,000,000 per annum for the next two years.” Now anyone in business knows this means that is the total spend advertisers will use within Bids inventory… With these low margins that could be if we are lucky 10% 1million a year, pathetic. There is a real chance this model will not work now.
Now this is where it gets really bad.. the confirmation of trading update RNS..
"Milestone Advertising Trading Agreement" with a global marketing services group, results in no change to its comments about the Company's revenues in 2019 and 2020 contained in its "Trading Update" announcement issued on 18 December 2019”. Typical failing aim behaviour.. they sneak in a 2020 profits warning at the same time!
“At the time the Trading Update was released, the Board had already taken into account the potential impact of this agreement on its 2020 revenues, in anticipation that this agreement would eventually be signed.” – EVEN with this new deal they still aren’t going to make any revenue..
“In addition, the Board confirms that the phrase "gross media expenditure" referred to in the announcement of 19 December 2019 should be regarded, if received, as payments by the agency which will be treated as revenues in Bidstack's financial statements” – deliberately confusing.. trying to essentially trick us into thinking this means 10m revenue.. well it doesn’t
I've been ignoring the boards.. The plan for me has stayed the same, I managed to get in at the placing price and nothing has changed.. bargain. The silence to me is a great sign. James is confident we will see a return and so doesn't feel the need to say anything. If the plan had changed he would have to inform us.
I’m out of this.. I’ve set myself stop loss twice and cancelled it but enough is enough.. ANIC.L has just released an RNS, bargain price. 11.5M MCAP, Goldman Sach, Morgan Stanley TR1’s. HUGE growth industry. Was 12 recently fell back with economy plenty left to rise..
Great RNS, SP should move past 11 soon
And mny ofcourse who told me. Cant wait to see the progress moving forward.
For a bit of context this news was part of the reason I think Justin got a little cold on bids for a week, pretty sure only me James and Justin knew, he's obviously back with a vengeance now. Seemed like a big deal at the time but with recent developments I think it's safe to say Bids has won the war and took their first mover advantage and capitalised on it. I'm actually in awe of James performance it's come together like a plan from Dr.Moriarty
We had 6M in the bank 4 months ago, theres been no further talk of funding.
This RNS is huge! honestly.. I was worried about the current market cap, not anymore.. the potential of advertisers using Appnexus is insane.. 60m for an advertising firm using the AN dsp is tiny..as we add to our inventory with this frictionless growth the potential is insane.
Big he can't say that, he is bound by so many laws regulations and board members. He can not promise anything or we will go mental again if it doesn't happen. This is our doing. Now he can say we are working to get rid of the water and when the rate is improved rns us. That's under promising over delivering what we've asked him to dm