Member Info for amirichyet

Enjoyed that little talk, Nina comes across very well I thought.

Re disapplication of pre-emption rights - section 571 (6) Companies Act 2006 - directors must make a written statement (circulated to shareholders) setting out their reasons for making the recommendation, the amount to be paid to the company in respect of the equity securities to be allotted and the directors' justification of that amount.

Poor count aka The Dennis Rodman of Bids - he was a machine! but alas even he had enough of flogging this dead horse.

Maybe bidlievers can add a question to the upcoming q&a day about why eroding current holder rights is a good idea - how's that session coming along BTW, seems to be a bit of a delay - maybe JDs told them where to stick it!

Not enough shares here to secure funding for company in any meaningful way. This is, in my view, purely a play to drop retail and gain control. Tiny, £1m or so, placing incoming in my view, say at 6p, to wash out retail investors ready for when JD has carte blanche on his shares. Maybe they'll be mixing in £1m convertible loan notes from gov in some way also.

Agree intrepid - this move will more than likely reduce the free float to under 50% and therefore insider (mates) control. Paving the way to steamroller ordinary retail investors influence as they'll then be able to pass any ordinary resolution as and when they please. Can't blame them really pulling this as I'm sure we're a right pain in the backside with all our moaning by now!

Amazing how much waffle you can actually get away with writing theses rns'! Could write all of that in a paragraph. What's the monster game then - any ideas?

I'd be very surprised if bidstack gets close to £5m if anything at all from this fund. No responsible bank will lend to a business with this risk profile and that's so far away from breaking even based on its own broker note. Banks would still have to bear most likely a 20% risk for SMEs and the AIM junk shop is not high on the priority list with so many genuine profitable covid hit companies in the queue. Proper risk finance with a big dilution or takeover still my bet.

"There are currently 244.9m shares outstanding, 3.8m warrants (between 5p and 20p) and 40.2m options (with exercise prices between 1.14p and 31.75p). The directors own c.19 % of the share capital (out of lock-up as of 19 September 2019)."Wish I had those penny options!

Cheers to MGXYZ for getting the note. So do we think halo infinite is the new AAA game - nudge nudge?

"with go-live planned for Q2-Q3 this year and additional
titles are already being lined up for 2021. These games include a major title, which if signed, would
considerably boost inventory, but should also provide a halo effect to the credibility of the new adformat.

They need funding of £9m to last until end 2021. Won't be close to breaking even by this point so more funding needed into 2022. They'll need £42m revenue per year to balance the books but really is pie in the sky forecasting:

"On this enlarged cost base, we estimate EBITDA breakeven could occur on monthly revenues of
approximately £3.4m. Longer term, we believe the business has the potential to deliver EBITDA margins
in the region of ~15%.
Much of this is uncharted territory and as such forecast risk is high."

Bit disappointed with timeframe but not unexpected tbh - think at least three funding rounds will be required to get to break even. This will be a long slog to profitability but if they can show exponential revenue growth a takeover is surely the best bet for shareholders.

Yes that's why I said speculative! It's a chat board to share ideas and thoughts!

So my best guess based on broker note (warning speculation!) using 20p DCF and 15% discount: positive cash flow to start in year2 £1m, year3 £5m, year4 £10m, then £15m, £20m, £25m, then say £30m/year or so onwards. Am assuming a £10m placing at 4p from the instutions to keep things afloat in year 1 so we have about 500m shares.

You'd be buying a £2m bank account and a proven loss rate of £600k per month for £14m at this stage but there's definitely potential (somewhere) - as always depends on your personal risk profile. This board has a few jokes but generally non judgemental - helps with the waiting for news!

Is that from the £10m contract they announced - how's that working out!

Newsflash - they are burning nearly £600,000/month on near zero revenue! They're spouting on about 2-3 years down the line - they'll need multiple funding rounds if that's the case so what dilution you think you'll be at by that point, even if they get to that point. Honestly it looks like the whole industry is struggling to get going - just look at the competition (not looking too rosy at the moment). Your best bet is a takeover thats impossible to quantify as I bet no one here as actually used Bidstacks services or their sdk - we do know that other companies have developed similar sdks. We do know that advertisers are not spending big amounts hereat present. No games = No revenue - where are the new games? Unless there's a pretty swift seismic shift in ad spending bidstack will get left behind in a heap of dilutions.

Behave - no cross ramping completely irrelevant companies here please. DEV is arguably the biggest POS on AIM. Sure some PIs will take the 1p placing off you - nice return for some.

Really can't work out how they are burning through about £580,000 per month since June 2019 (expected loss for year end Dec £5.3m less loss 6 months to June £1.8m). How are they managing such an amount with the number of staff on the payroll! Did he mention any private jets! The full set of accounts for year end 2019 will make interesting reading - maybe JD has given up dumping shares for a guaranteed bonus plan!

Look out for a/can't wait for a/cheeky (*insert) little top up from me today. Just waiting for funds to clear/house sale/flying pig sale (*insert).

The price was around 14p I think back then and on the back of a rising trend and volumes helped along by coordinated ramping by Justin Waite and JD. Everybody thought the Peterhouse forecasts were still in play, then followed the director sells and media blackout etc. - hence major trust issues with JD! If the H2 incoming revenue is similar to the Christmas Present don't hold your breath. Can't see 12.5p being on the cards anymore, institutions will want a discount to current SP (that seems quite steady now) with a plan to sell on to PIs at a profit.