Member Info for amirichyet

Admission to AIM July 2017. Placing Price of 161 pence: £92.1 million of gross proceeds for the Selling Shareholders and £10.6 million of gross proceeds for the Company.

Depleat company cash, fund improvement to distribution centres - related party transactions, strategic review by family friendly chairman and a delisting coming for a few million back to the family, £100m rinsed from retail shareholders to founding family - standard AIM playbook. Wait a few years and repeat.

Yes I think it's obvious a lot here are struggling with accrual accounting and also confusing revenue, income and how it relates to cashflow. Anyway main point is bids skint by June!

No they wouldn't you plonker!

Monkey hope you don't mind some comments on your take:

They ended 2020 with £1.57m trade/prepayments and accrued income; compared with £180k in 2019.
Yes but also trade payables and accruals £1.65m compared with £235k in 2019. This just shows how they collect money from advertisers to publishers. This will be important for next point.

2020 revenue was £1.7m so, excluding their existing pipe, they brought in £1.52m new business in 2020.

Assuming they bring in the same amount of new business in 2021 as they did in 2020 then they should have income of £3.09m in 2021.
They will have revenue of £3.09m but not income, more like an extra £200k or so.

At end of January 2021 the Company had available unaudited cash resources of c.£2.76 and a further £500k non trading due so lets say £3.26m at the end of Jan.

That's £6.33m from cash and (flat) revenue available in 2021. More like £3.75m.

'with cash used in operating activities of £6.20 million in 2020'.
Yes, so they can last until end June 2021 max by my calcs before completely out of cash.

Robbie, that post made me laugh out loud so thanks for that, but you must be seriously underwater as there's only been one big dip you're buying in the last year - you probably bought JDs and my shares on the way down! Short term pump and dump is the way to treat companies like these with no viable business apart from being a cash cow to directors and friends.

Hopefully not a travelex type problem! Shareprice is tanking - company needs to update asap that this problem is sorted.

TAF - if Bidstack sent us that list with a column for 'revenue year to date' i'd even become a bidliever - I won't hold my breath!

Sloane - Bidstack crashed the shareprice first with a trading update then day after announced a £10 million airy fairy deal yet to be seen in any revenue figures. I'd ignore the 6-8p as analysts guidance are mostly useless and of suspect value to retail shareholders. Even hitting a paltry £1.5m revenue means they're still way off any positive cash flow. Only hope is they keep adding some big names and gaining proper traction faster than they keep diluting shareholders or a takeover hopefully. If they actually deliver on anything 6-8p will be a distant memory but without any comms it's becoming a big binary bet again.

TAF - biggest idiots were the shareholders who bought JDs and FPs rampathon sharedump. We've had silence from this BOD before and it doesn't end well. Stakes are high now and risk is most definitely on at £20m market cap- silence and no shareholder comms - my money on complete failure to hit revenue target by end of year as track record of delivery to date is abysmal. Cold we have Cathal from Open Orphan on BOD please - at least he'd tell it as it is!

Seen JD down the local B&Q today. Think he was doing a bit of gardening as he bought a bootfull of manure although he couldn't fit many bags in DW's new Aston - said he was going to feed the mushrooms so you might get an RNS before long. Also looks like the founding elders at bidleivers are bailing out or going quiet - interesting times.

'With more than 250,000 app downloads and 100,000 registered users, Zap-Map is used by a significant amount of the fully electric EV market.'

First mover advantage and a great platform to expand and develop. Twitter and Uber platform is also free to end users, seen their market cap recently!

I'd say £66,000 of gross profit on that - nearly enough to cover JDs base salary! Otherwise a pretty flat RNS with no extra details of note. Copy paste from last year. Hope something else is on the way - double RNS clarification day again maybe!

Raising a glass to girdz tonight for stellar work rocking the elders boat on bidlievers. Some insightful down to earth posts and in the face of overwhelming fire - made me chuckle reading the responses. Keep up the good work!

12p!, Warrants, Peterhouse - wow they really are in a pickle.

Zap map is quality and the only reason I'm in this share. Best chance of growth for this company if they don't balls it up. Maybe the zap map team could have a look at good energy's website while they're at it as it's a pretty poor experience compared to rivals (see octopus energy and their website - a company showing vision and stellar growth).

Have to say it's been a bit quiet from the board, also the usual twitter rampers not vocal yet like they can be - wonder what's going on? You can certainly buy bucketfuls of shares for the lowest they've been for a while now. Must be a waiting game.

Bott trying to rewrite history conveniently forgetting the context of ramping and hype surrounding JDs comms pre his share dumping (remember the pic of the team going to the US like the second coming) - ha!, maybe you forget many of us have long and more accurate memories.

Whatever just being helpful, it's in the vox archives DYOR!

Mart you need to find the podcast - Alan Green and Justin last year. He definitely said he sold out. In and out like a yo-yo.

Yep Alan Green - same stunts as last time, owned bids shares, did podcast, then sold out after few weeks. Think he may be there to help turn some stock over - tougher job this time!