RE: Trading update RNS21 Jul 2020 16:18
Nope, not in the slightest.
Have you seen how many companies have been doing placings lately, since the lockdown has been in place, in ALL sectors...there`s loads of them almost every day, and the same pattern happens with them all, the placing vehicles just sell and forward sell shares and make a quick buck. The alternative is that a company runs out of money and calls in the administrators.
Thats life, in the markets, and particularly on the AIM market, so the thing to do if that concerns you is to move your funds in to a gold stock, or a Covid related stock, or some sort of stock in the recovery sector if you`re that worried about Bidstacks future.
Personally I`m very happy with the current situation with Bids, they are doing what they said they would do...build the platform in the correct sequence, without distraction, in order to maximise value over the medium- long term, and not worry about the bashers and trash talkers.
Bidstack have money in the bank don`t forget, £5.5m, so if the investment vehicles make a profit on their arrangement then so what, they`re not going to stump up five and a half million squid for nothing, thats how the world of finance works.
Its not worth towing a black cloud around because of it.... because if it wasn`t for them Bids would be struggling to survive.
We are a new tech, very exciting, very high potential, high risk, high reward company in the right space at the right time, so if thats not enough to excite your investment soul then Bids is not for you.
#This Is Just The start