Member Info for Clannus125

A name change incoming from VST to “new” Bidstack to align with the new logo and maintain continuity with the Bidstack brand and the launch of the new web site ?

The “left my job” poster that had their sole post taken down on here in recent days (probably due to the accusations in it ) looks to have been genuine now that events have unfolded. The accusations wouldn’t have complied with LSE rules but that may not be why they were taken down ?

Maybe Doug Lowther should have agreed the proposal of the profit share with VST back in September when it was proposed ? Maybe we wouldn’t be where we are now ? We will never know

The final F--k Y-O for shareholders is the resignation of the Nomad and the company stating that it has no intention of appointing a replacement- so shares will be delisted in a month, no cash shell this time around.

VST Statement of capital following an allotment of shares document is currently in settlement. Be interesting to see in the coming days the final ownership structure. I can't see how those strategic investors/ large shareholders have just rolled over and let this go unless they are the ones providing the new finance and can afford to let it go because they stand to gain much much more now than the single digit millions put into Bidstack ? Just thoughts

Filing activity this week at companies house for VST - looks like its coming to life. Also noticed the original "left my job" post appears to have vanished that was put on here that carried some strong accusations. Just sharing observations.

Helx2 - Thankyou for the heads up on the Telegram group. I am not on that platform so don't have access to it (and don't really wish to start now) but happy for my comments on here to be shared if you wish to. I do think they are valid comments.

As a measure of how much effort was put into the attempted sales process is a list of the "upwards of" 200 companies approached to be published to shareholders please Alvarez & Marsal ?

A quick google reveals there are 433,410 Global Advertising Agency businesses as of 2024 , an increase of 2.6% from 2023. There are also 2,808 Video Games Software Development businesses in the US alone as of 2023 apparently. And only 200 potential buyers have been approached ? And this has all been concluded in just over a month ? Come off it, I smell a rat and he is not called Roland. I am nobody in the grand scheme of things but I think a shareholder or shareholders with some clout ought to be asking some hard questions and conducting their own independent audit of this "administration" process. Years of work, tens of millions spent and the end result isn't worth much to anybody , anywhere ? I find that hard to believe.

In my humble opinion the CEO should hang his head in shame at allowing this company to get to the state where it has to accept a secured CLN - and at such a low market cap. An unsecured one would have been bad enough, Irdeto now holding all the cards. Hats off to them for playing the long game. My vote - no confidence. If this were Tennis it would be "new balls please"

Whilst Alan Green's comments are a perfect summary - albeit rather late, I'd be more interested to know what Irdeto, Canaccord, Senecca, Rathbone and other major shareholders thoughts are (assuming the shareholder register is still up to date) Are any of them providing finance to VST ? Must be a lot more to come out in the wash here yet

Those two x 58k late reported trades - buys or sells ? Either way they represent significant trades down at these prices

Thanks for sharing that Girdz, very interesting. Trying to be a pioneer costs a fortune and is ultimately why many pioneers fail. Looks like Anzu are fully loaded for the final assault then

He also put his hand in his pocket and bought 40k worth of shares at 4 p each if I recall correctly, wonder if he still holds them

and arrived at the Trade Desk. Is this good, bad or neutral ?