Member Info for Bottmzup

The Company will continue to monitor its budget forecasts which may result in extending the funding runway beyond Q3 2020. The Company will update the market in due course.

Thought so, funding incoming!
But at what price?

Still don`t rate the business model here to generate enough cash.

With, lets say 118 restaurants last year with regards to the results, they generated income of £11,800 in 6 months, £100 each for 26 weeks.....£4 per week average!
And these restaurants were on the app for the full term, so you would expect them to be established and increasing their revenues, and an average of £4 was the best they could generate.
So it will take time for these new additions to get to anywhere near that, mostly because the majority of the population have never heard of Bigdish, and the model of picking up the scraps of diners that want to go out when nobody else is in the restaurant to save a few quid is flawed.

In the mean time the cash they have in the bank is dwindling, so a fund raise is nailed on in the short term, maybe 6 weeks at best, because you don`t want to be completely out of cash before you bolster the coffers.

Volumes have slowly dropped off because the market is not convinced, and people have also got one eye on the coronavirus, who wants to buy in to a food business, particularly restaurants, when they will be one of the first sectors to be hit if things get more serious rapidly, yesterday was the biggest daily increase so far with 19,544 suspected cases.
First death in the Philippines too, where Dish have their tech office.

Risky punt at this time, at this price, where restaurants generate £4 per week once they`re established and the company has a market cap of £10m!

:-)

Anybody else sense another 5m buy incoming?

Apologies whimax, yes I`m getting my stocks mixed up, so that makes the case for buying at these levels more compelling.

...and just to add, the longer price stays above the 50 day exponential MA, currently at 1.67p, the stronger the case for buying will get.

Well its clearly a strong breakout of the falling trend which started in Sept, and the first time its broken above the 50 day EMA since 26th Sept, so seems like its hard to imagine it going back that low with the expected big news announcements due anytime re USA etc.
The dips are getting bought in to at an increasingly high level on huge volume, almost 30 million already changed hands in the first hour today.
So all in all, yes, the chart is looking as good as you`ll see for a further move up.
Caveat: This is AIM!!

With about 140m shares traded, and counting, since a week ago it looks like it could actually be true this time.

Oli Ash looks to be the link between Bids and GroupM, which if I`m not reading this wrong looks like it could very likely be the company concerned in the Milestone Advertising Trading Agreement announced on 19th Dec.

Oli Ash was at lastminute.com... Managing GroupM for Partnerships, Display & Programmatic, he left them in Aug `19 to join Bidstack.

The Bidstack RNS includes this paragraph..

This agreement is the result of several months' work by Bidstack and is a hugely positive development providing the Company with access to significant advertising revenues from top tier global brands which will help fuel its future expansion. It also represents a significant shift in approach from a major advertiser looking to engage with an affluent, diverse and growing gaming and esports audience on a larger scale.

So several months work would fit in with when Oli joined the team at Bids.

GroupM is the world's largest advertising media company, by billings. Headquartered in New York City, the company has over 32,000 employees and 400 offices in over 100 countries.
The world's leading media investment company responsible for one in three ads.

Maybe he`s just a shape shifter with ants in his pants...can`t say I`d heard of him before today.

Price has broke above the 50 day exponential moving average for the first time since 26th Sept 19.
On the radar now!

2p paid for 2.5m! Glad I topped up earlier on the breakout, see how it goes but looking good here.

Well ART actually spotted the little scam, so I just threw a bit of ironic comedy in to the mix, and by the way it would not surprise me one bit if they did start splitting Cities in to Regions and Towns in to Villages so that you`ll have to reduce the page size % on the website down to about 10% to be able to fit them all in.

What this company doesn`t seem to realise is that the public, and more importantly the Financial public are not stupid. They tried to con people with bs so many times last year that it finally caught up with them as the share price collapsed. The new CEO and strategy change was not just desperately needed...it was critical in saving the company from total disappearance all together.

Now they`ve got a new chance to make things work and they can`t help themselves from being devious, trying to pull the wool over peoples eyes with this `one` restaurant in each location campaign!! WTF is it all about? Anybody have a logical explanation of why they think this is the way to go?

I have, Aiden and Sanj are bullhitters, they seem to think that they`re smarter than the average bear, and that nobody will see through their wideboy DNA. Either that or they are just incompetent with their scatter plan strategy, like a football manager who doesn`t really know his best team...just keep trying something else and hope that it all falls in place at some point.

Anybody seen that new show on Quest Red, Faking it: Tears of a Crime? 3 experts analyse the body language, linguistics, and the psychology, of criminals when they are interviewed, and point out when they are lying, its fascinating and gives the audience an insight about how to spot when people are lying. They would have a field day with these two.
Now let me make it clear that I am not associating Sanj or Aiden with any criminal activity, but when you watch the Proactive interviews that they both gave last year it is clear that they are most uncomfortable with some of the questions, and avoided straight answers like polished politicians by various means.
They fidgeted, squirmed, joked, looked embarrassed, stumbled and looked extremely relieved when the interviews ended.
Of course we all know why now, they didn`t believe what they were saying, because almost none of it happened. Don`t take my word for it, look for yourselves. Bigdish plc.

I know those interviews are history now, but it shows their characters, and how willing they were to fake it!
Its in their DNA to try to fool people, and obviously the market with this extraordinarily awkward strategy of focusing on locations more so than focusing on restaurant. To the point where now they`re listing Counties as well Towns within those Counties as if they are separate locations!
You couldn`t make it up...unless you were feeling a bit devious.

New locations coming tomorrow...Kensington, Westminster, Fulham, Brixton, Wembley, Richmond, Whitechapel, and Mayfair!

You forgot the other `T` Yatak

If the chains were interested they would have signed up by now, how long does testing take? If I remember correctly Wildwood `tested` the platform as far back as last summer, did they roll it out to all of their restaurants?

razel, have a look at last years podcasts and interviews with Sanj, he was talking about getting chains on board as far back as last April, then June, August and September.
His sole purpose to Bigdish now is to `advise` on bringing chains to the platform!
Both he and Aiden are BS`ers, its in their DNA to talk up the prospects while its in the RNS`s that they continuously failed to achieve last year.

This `one` restaurant location malarkey is very dubious, and the market is clearly not convinced of the strategy...whatever it is!

Guess who the idiot was selling in 3 tranches last week at an average of 2.95p?

It reminds me of one of my favourite gags, and please don`t take offence anyone...its a joke!
Two old boys with Alzheimer`s are sitting in a pub, and one of them keeps telling the same joke to eveyone over and over again...and the other one says ...`I dont know how he keeps remembering em all!`

Did he tell you the same joke every time you went in his pub? :-)