Member Info for amirichyet

Wilson - ok now that you're factually happy about that any view on funding!

"The Board expects that revenues in H1 2020 will continue to be minor." As good as for debate (should cover the cleaning lady's salary) - no need to be pendantic!

Personally don't think rights issue - major shareholder is JD and he's not shown any desire to fund his company and don't think ordinary pi's have the means to throw more money down the drain. More likely massively discounted placing to an institution + board who have been and are more than likely drip forward selling via MM. No VC has been interested so far - that's why they're on AIM. Would really not be surprised though if if goes into administration = total wipeout for existing holders.

What was advertys revenue for year ending 31/12/2019?

Sorry what was I corrected on?

MG It is an accounting policy NOT a rule - wrong way round. You can break the standard if you wish if the accounts will show a more true and fair view of the substance of the transations. Yes risk and reward is the most important aspect here. A static gross profit margin points to the fact that this is not the case with bids. They're not taking on risk in selling the inventory - this is by far the most important aspect.

MG - yes I spotted that 'raw material heading' before but its not the same unfortunately as for some periods the revenue share would have to be negative which is illogical. This points to the revenue recognition policy being different to Bids. But i agree further research is really needed for a better understanding.

Honest answer I don't know! - think it will stay around here until funding deal around flurry of announcements. MMs probably keeping it steady until some proper news. Personally think it's a risky gamble at the moment so keeping exposure low. Just hope funding is sorted at a reasonable level. If JD does deliver something tangible (not seen to date) there's definitely a big upside.

I disagree, yes using same accounting framework but not (on the face of it) revenue recognition policy. Not apples with apples if your trying to benchmark relative performance to competitors.

WsKr - all due respect but re. your big NoNo your confusing p&l reporting with the balance sheet here. It is definitely not illegal and you should report the substance of the transation.

'Bidstack is NOT an agent as it controls and sets the price' Ok I agree that is what's being claimed. But they have not been using this 'control' as the Goss profit margin has been the same in the last two sets of results. This points to the fact that in reality is is an artificial construct.

Wskr - the FRC have always tried to stop this practice as it is misleading, as in your example for Bidstack to claim £10 in revenue when in reality they managed £3. Bidstack seems to get around this by claiming they own the inventory.

MG - you have to compare like with like as Bids accounting for revenue policy is different to Adverty. It is, putting it mildly, an aggressive policy that inflates the sale figures so if you want to compare like with like you have to discount bids revenue or inflate adverty revenue - doesn't matter which as long as you apply a reasonable gross profit margin to take account of the difference. Using / complying with IAS is an irrelevant point as you can easily modify your contracts to manipulate and this area of the accounting framework has always been open to interpretation. Thanks for the points raised about my lack of Swedish but your answer doesn't provide an explanation to the elements that make up the 2030ksek and why you do not class this as adverty revenue - so will stand by my figures for now. Always happy to learn.

Apologies Swedish not great. I'm seeing 2030k sek as revenue for 2019. Is this not correct? I've given bids a generous 24% as gross prifit is their real revenue. Can't see adverty using Bids suspect accounting for revenue method but happy to be proved wrong.

Twitter accounts being used to ramp stocks are available for free! - think about it count is it really that ridiculous

TM - so you don't think Twitter rampers being paid directly or indirectly by Bidstack - interesting view.

Research question: Who do you think was paying (if at all) @dmarshall_uk to ramp bidstack everyday until 9 Oct 2019? Vox maybe? And interesting timing by new big spender @Lilyjack18 last few weeks - obvious well worked TW countering by @abusemarket. Who do we think are the main players pulling the strings here? Can't be vox anymore surely but obvious concerted push on Twitter ramping since JDs latest interview. How much shareholder cash do we think JDs dumping each month for this service?

Any thoughts on directors forward selling through MMS to accumulate a sizeable amount here. Would make sense (as no one on the board seems to fancy investing their own money). They could then make a statement about being part of the new placing from free cash. Difficult to know where the true bottom is until we get funding plans.

Mart - with that kind of insight into correlation your powers are wasted here - just the kind of FACT based deductive prowess they need on bidbelievers!

I do own shares you plonker! - you must be confusing lively debate with trolling. I do try and provide a counterpoint to blind faith so glad you find my points helpful.