George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
No what does it say?
@tilfatladysigns except perhaps in the case of blatant fraud and deception. If the IP was shielded from any deals, if the administrators were misled into thinking that the company was only worth £80k, if the shareholders were not consulted at any time, if no serious buyers were contacted, then there is a blatant case for fraud and the administrators either didn't investigate properly and thus didn't do their job properly or were complicit. In which case IMHO there is a case for them to be liable too.
Https://www.linkedin.com/posts/jamynigri_bidstack-just-keeps-screwing-up-i-commented-activity-7182413524822822912-NwNC?trk=public_profile
Perhaps Jamy Nigri should have a chat with Nick Hargrave and the Bidstack Shareholders Alliance?! as he writes the following on Linkedin:
Bidstack just keeps screwing up!!
I commented on their tone deaf post about bankrupting the company - and then acquiring the assets 5 seconds later at a fire sale. Wiping out money from hard working people and friends of mine. USING the excitement around GAMING - despite not understanding or caring about the space.
This ends now ..
I reposted their tone deaf statement — and now — they‘be obviously blocked it. Predictable. Hiding. Avoiding. Lying.
Dear James & Lisa,
You can block - and you can dodge; however, what you’ve done is disgusting. I use that word quite purposefully.
I never commented when you;
- issued BS marketing to pump the stock
- issued BS partnerships that you never fulfilled to pump your stock
… and I didn’t comment because of business incompetence, terrible technology and a myriad of poor decisions … because that’s just incompetence.
This is different. And whilst I abhor thinking about your business - and reliving those days - you’ve stepped over the line.
So EXPECT me to be quite vocal.
And again, I INVITE your comments - because we both know that they won’t stand up in the public eye.
Just a thought but shouldn't Bidscam sorry Bidstack be reported here:
https://www.actionfraud.police.uk/
They haven't been transparent with the shareholders, have in fact lied about their true intentions, have walked away with millions worth of IP. Surely this qualifies as fraud?
Https://www.cityam.com/bidstack-silent-as-investor-anger-grows-over-pre-pack-administration-deal/
Thank you to the journalist for highlighting this fraud on a grand scale. The BoDs are staying silent because they know that what they have done is wrong and they are trying to get away with it, or think they can. How many millions were stolen from the shareholders?
'Cybersecurity firm Irdeto was the firm’s largest individual shareholder, which held a 13.49 per cent stake in the firm as of January 31, according to Bidstack’s website. Irdeto invested £6m in the firm as part of a funding round in 2022.
Canaccord Genuity Group, Seneca Partners and Rathbone Investment Management, all held stakes of 9.64 per cent, 4.83 per cent and 4.28 per cent respectively.
None of them responded to repeated requests for comment.'
Perhaps these firms should be sued too if they were aware of the deal and are still shareholders in Bidstack Ltd?
FOG
Stockbox research talks
https://youtu.be/HB5IIfyDZ2Y
Listen from 34 minutes into the programme.
This is on Linkedin. How did James Draper and Lisa Hau went from owning 3% and 0.1% to 25% of the shares leaving the shareholders penniless. Unbelievable. They both belong in jail IMO.
https://www.linkedin.com/feed/update/urn:li:activity:7177719612405379072?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7177719612405379072%29
James Draper CEO of Bidstack owning 3% of the company they're in charge of, is able to mismanage that company to the point of administration, but then buy that same company back under another name, award themselves 25% ownership and then start promoting it quite happily.
And let’s not forget Lisa Hau has gone from 0.1% to 25% fishy?
(Disgusting)
James Draper being "delighted" to acquire Bidstack Limited from the administrators of #Bidstack when shareholders have lost everything.
Not even an acknowledgement of those investors who have put in their hard earned money into the company.
(Disgraceful)
Chairman of #Bidstack Dr David Reeves telling investors that directors will protect shareholders the whole way
You couldn’t make it up! 🤣
This is from Bladesharp on page 2 of this board.
If you were a Bidstack shareholder at the time of Administration please fill out this form in preparation for potential legal action. NOTE: you must have been a holder at time of administration. We are discussing with lawyers. The more shareholders we can include in any potential legal action, the more financially viable the case becomes and hence it would be easier to raise litigation funding. Your data will be kept encrypted and not shared with any third party at this time. We will contact you if we get to the point of needing to share with lawyers. For full transparency, this form was set up by Hugh Acland and only he will have access to your data at this point.
https://form.jotform.com/240862361596059
Https://mobilemarketingmagazine.com/azerion-buys-ad-tech-platform-hawk-for-7m-rising-to-a-possible-20m/
I am sure Azerion would have been up to buying Bidstack if the BoDs were actually honest and had accepted to sell the IP as part of the deal. If the IP wasn't part of the deal it's no surprise that they didn't find a buyer and that's where the fraud is. They used money from Shareholders to then create a private company without consulting shareholders and taking all of the money which doesn't belong to them personally in the process.
If it is proven that fraud has been committed then surely the directors can be liable personally?. Anyway we won't know if we can get some of our money back until the company and its directors are taken to court. They have been handed out millions. These millions must be somewhere.
At least Sam Bankman Field says he is sorry. Draper ain't sorry. He's DELIGHTED lol
FOG
Https://finance.yahoo.com/news/sam-bankman-fried-sentenced-to-25-years-for-defrauding-ftx-investors-153316368.html
this guy got 25 years in prison for defrauding investors...hope Draper and his lot get caught. What they have done cannot be legal. They are boasting about the company having great potential and they cannot find one single company to buy Bidstack. I smell a rat. The IP was shielded for sure and as Nick Hargrave probably rightly speculated they just pretended to look for a company to buy Bidstack when the outcome had already been decided leaving all of us, the shareholders in the dark. How much money has been poured into Bidstack over the years I wonder.
FOG
Here you go:
https://mhmembers.com/bidstack-director-conduct-complaint/
Yes thank you to Mr Hargrave for summarising the chain of events. How a company can burn $30M within two years and become insolvent when all the investment they have to do is in tech/staff and not in heavy machinery or raw materials is beyond me. I would like to know how much (of our) money the BoDs were extracting every month for themselves.
How they could now be delighted to have driven the company to the ground and stole it from the shareholders is beyond belief and criminal. Unbelievable. Anyone associating themselves with Bidstack now is complicit of this robbery.
FOG
Thank you for this Bladesharp, will be filling the form shortly. I am not on Telegram so would also appreciate being emailed or please put any relevant info on this board. Does anyone know what the majority Shareholders like Irdeto BV and Canaccord Genuity Group plc are doing? Surely they are not going to let their millions turned to dust?
https://bidstackgroup.com/investors/shareholder-information/
Https://www.cityam.com/out-of-pocket-bidstack-investors-vow-to-take-action-after-execs-buy-aim-listed-firm-out-of-administration/
What a journalist needs to do now is to contact some of the companies who have been supposedly contacted by Bidstack to understand what was actually on the table. If the IP was shielded from any deal and if Draper and his lot tried to keep the IP for their own VST company or whatever it is called, it is fraud in my book as the value of Bidstack lies in the IP.
Https://www.cityam.com/out-of-pocket-bidstack-investors-vow-to-take-action-after-execs-buy-aim-listed-firm-out-of-administration/
Thanks Gubbie69 finally an article written by journalists who are actually doing their job instead of repeating the nonsense communicated by Bidstack. This company is managed by a bunch of dishonest thieves and they should be held accountable. No clients or investors should touch it now even with a barge-pole.
Https://www.thetimes.co.uk/profile/james-hurley?page=1
This journalist is our man!
Https://www.thetimes.co.uk/article/police-investigate-alleged-fortress-capital-investment-fraud-q0qf55ftq
Interesting article