Member Info for fildzofgold

Https://venturebeat.com/games/statuspro-partners-with-bidstack-on-virtual-stadiums-in-nfl-pro-era/

https://twitter.com/atrungbs87/status/1694706627243655501?s=20

Is Bidstack involved in these new NFT technology for the Olympic games?

https://www.businesswire.com/news/home/20230627818251/en/Mythical-Games-Secures-First-Close-of-37-Million-Towards-Latest-Round-of-Funding

https://www.youtube.com/watch?v=WUQw1jc1sqs

Sorry this was old news. Irrelevant post sorry

Https://www.plexal.com/plexal-member-bidstack-acquired-for-6-8m-by-kin-group/

I regret investing in Bidstack. simple as this. With the interest rates so high at the minutes even the banks which are usually slow in passing on the interest rates onto savers are offering 5% interest rates on saving accounts. Bidstack stagnates miserably it's truly pathetic. What is the outlook for this company? is it going to go under? what does everyone think?

@Bottmzup my bad I meant income...not profit. I totally agree with your analysis of the market and I know Bidstack has huge potential otherwise I wouldn't have invested my hard earned cash there. I just think that at the moment the management's behaviour is based on projected successes and revenues, not on actual income. Instead of slowly but surely building growth they recruited way over paid executives. Anyway time will tell. My investment will either be long term if they turn around the company's budget and show common sense and sound decision making or I will sell everything at the first opportunity (ie when I make my money back).

@bottmzup Bidstack has prospect, never said otherwise. What I would like to see is value for shareholders... and to see that the management is not treating the shareholders with contempt. They need to show that they are not using our hard earned cash as their personal holiday money pot or personal pension fund. At their level and with the brands they are engaging £2m profit is ridiculous. Where is the money going?!

@bottmzup Bidstack are not going down the pan anytime soon but they are not delivering value for shareholders anytime soon either. The management is too busy filling their own pockets and appointing all their friends into prestigious positions that actually soak up any profit. It is truly unbelievable for a company with supposedly so much prospect to have a share price lingering so much. Something just doesn't add up. It's clear for all to see.

@moneysponge totally agree with what you are saying. It think this morning's RNS is just lip service to say that they have looked at the requests of Hargrave but have decided to completely ignore them. £2M profit is a joke given the brands Bidstack is working with. The management is sucking the life out of the company and out of shareholders IMO whilst having a nice lifestyle paid for by our collective hard earned cash. That's how it comes across anyway.

Do we know when the meeting is with Nick Hargrave? and yes would be good to know how one can be added to this list of 8 angry investors. I used to really think this company was a little hidden gem and that it would achieve wonders but it's so badly managed by people with 0 budgeting skills and common sense, I want out as soon as I can get my money back (not even expecting a profit at this stage!).

@helx hahahahaha so funny!! made me laugh so much lololol, even though it's not really funny because it's the sad truth, James Draper is sucking the blood out of bodies, sorry I mean Bids.

Thanks @shakydog what he suggests sounds good to me. Enough of this lifestyle company for James Draper and his friends. Common sense and strict cost saving measures are urgently needed in my humble opinion, and cutting the useless chiefs sounds like a good start.

Does anyone know who this guy is?

Looks like heavily invested shareholders are finally putting pressure on the board to show that they have a minimum of business acumen. Amen to that. Too many (pointless) chiefs, not enough Indians (sale force). Until James Draper and his mates show that they are not using this company as their personal bank and pension pot and know how to budget in accordance with (actual) performance instead of (projected in your dreams in a galaxy far far away type of thing) results, this company is doomed. At this stage the sp is so ridiculously low that it is a TOTAL disgrace for the CEO (and his friends) to be paid half a million. He should be have a fixed 50k income and the rest in shares or bonus paid if targets are met. That's the best way to save money. I hope the shareholders put enough pressure to see lasting and meaningful impact. The smaller shareholders like me finally feel like something positive is happening. It's one thing to have the tech, it's pretty pointless if you can't budget and have a sound balance sheet.

No it won't, not until the management of Bidstack shows some business acumen and stops treating this company as a lifestyle opportunity and sunday hobby paid for by the shareholders.

For the share to start to go up the company has to show that they are able to count. Simple as that. James Draper has to cut his salary. Getting £500k per year is spitting in the face of shareholders when the sp is sooooooo low and when the company is losing money, burning cash etc..All the executives have got to cut their salary in half (or go) until such time the company is in profit and has serious prospect of lasting income streams. Right now it comes across as a little hobby company to pay for the CEO, CFO's lifestyles. These people are not serious businessmen.

The management of this company reminds me of Liz Truss's mini budget where they were splashing cash around and borrowing without reining in expenditure. Total disaster. Bidstack is doing the same, burning cash, paying their pointless executives too much, living the high life without enough income coming in. Just bad management, no financial acumen.

How this company was allowed to burn so much cash for so long with prestige appointments is beyond me. Has their CFO not seen that they were burning cash? How can the CEO be paying himself £500k at this stage of the company's development. Total disgrace and misjudgment. NO BUDGETING SKILLS whatsoever. A primary school kid could have seen a long time ago that they were overspending. They are a bunch of amateur businessmen in my humble opinion. I have said it before and will say it again. Too many chiefs not enough indians. They could have had a better and larger salesforce for less than they are paying all these expensive executives. They need money in their coffers and grow organically before employing all these big wigs. It is basic common sense and basic arithmetic.

I am so angry that these so called businessmen running this tech company do not seem to be counting up to 10. Even I who isn't a business person could see that they were employing high profile people with high salaries without any justifications. As I said before this seems to be a lifestyle company, they have 0 common sense, there are too many chiefs, not enough indians and at this stage of their development they need more sales people than strategists. It really is common sense.

I have simply lost faith in this company. It is a shame as it sounded promising but the management has a lot to answer.

what is happening with EA?

Https://ukgamesfund.com/