Climbing6 Jan 2021 13:44
As I have stated previously, Bidstack is a business with a fairly unique but potentially cash-rich business model. There have been so many negative comments on this BB in relation to the share performance and the performance of James Draper. Like any relatively new business, it takes time to build and, in the case of a listed company, to build investor confidence. Those are two key factors that drive the share price of any company upwards. The other factor is the environment in which a company operates. The games industry as we have all seen, has benefitted from lockdown and it's an international opportunity so, despite the FTSE climbing c3% today, Bidstack's price is always going to be influenced less by local price movements than the market opportunity.
Unfortunately, many investors here, appear to have invested speculatively just because the shares were cheap. There would have been far less adverse comments had those who invested actually done some research into the market and the business, and the tech that it employs. With early mover advantage, the hope will be that Bidstack can continually reinvest in the technology in order to continue to scale the business and to position itself and the leader in in-game advertising.
From my own perspective, I have a reasonable investment that has now more than doubled in value but I am convinced, that Bidstack has a very long way to go before I'll consider bailing out - if at all.