Member Info for Girdz

“Unaudited gross margin has risen significantly as a result of the net accounting treatment under IFRS 15 of revenues. Excluding this impact the Board believes that the unaudited adjusted gross margin would be closer to 40%. Nevertheless, the Board currently believes that unaudited gross profit will be in line with FY22 market expectations.”

There you go Jab. From the RNS.
If you think bidstack are getting 70% in their back bin you are sorely mistaken.

At least Bidstack have been clear rather than misrepresenting the market leading people to believe margin is 70%. Shame Jab can’t read - only cut and paste

Yes sponge corrected me - no problem not 30% but 40%.
Makes revenues required £25.5mil.

You are clueless Jab. Margin is not 70%. Even says that in Rns.
Try and and actually read something rather than cutting and pasting you plank.
For starters Have a read into iFRS15.

I’ve slated this share cause it’s has delivered ZERO share holder value.
Not going to go over old ground

Absolutely NO ONE is in profit here.
Continuous fook ups by draper.
Jude and Camilla are the saviours.
Hopefully they oust draper and take control.

You need to do a bit of research into IFRs 15 accounting Jab, especially if you are trying to say margins is 70%.

The margin is 40% as sponge said

Your post below supports what I’ve said.
Thank you.

Where was the tick up sponge. Fluff as usual from you.

The issue here, again, is funding.
The cash runway is about 10 months.
Really need a quick out of court settlement to increase runway otherwise the bowl goes round again and the shares in issue will be nearly 2bil.
US team also needs to scale fast

On £850k Opex, and 30% margin, revenues need to be £34mil before they cover costs

Need regular material news to get SP moving.
Can’t have the standard “significantly second half weighted” and then wait till Xmas to see if revenues are in deed ramping up.

Jude o Connor is only talking about US when talking about revenues.
Would be good to know what’s happening with all these other relationships for rest of the world.
Been spoken about many a time but not contributing at all.

Helx - if draper was replaced woudk you change your tune?

Adcolney team in charge now.
All bidstack need now is an out of court settlement for half their claim, then things are looking much rosier here.
Note Jude o Connors presentation mentioned educating the buyers so still seems like some hard graft to go into making Bidstack a truly fast scaling business. If only we’d had a straight talker from the start.
US team are saviours

“technically it is not complete, for example they can't get programmatic onto consoles yet”

Are you sure about that username pending?
Bidstack been doing this on codemasters games on console for a few years now.

“JD is communicating and is very upbeat about the future”

Really Hived!!! Of course he is upbeat.
You can’t trust this man at all.

Lol
I know how you feel.
Beans on toast tonight with no heating on! Lol
Come on draper deliver the goods so we can get back to a whole duck with hoisin sauce!!
Have a good weekend all.

Just keep us posted as to what your fortune cookie says tonight Hived and we’ll go from there.
Might be 6 million buys but they will be by mug PIs. Real question is who is cutting their losses

The tech and idea here is great.
That’s what I bought into.
I await the day when draper proves all the doubters wrong!! Will it ever come is the question

MorningJan - I wouldn’t take too much notice of Kat.
Doesn’t know whether it’s coming or going.

Slates “deramper” but happily admits they’ve been correct about everything.

That’s all great jab but until it actually starts translating to share holder value I don’t think many will give two hoots.
All this BS has gone on for far too long.
Change of leadership, clean slate, get show on the road.
If any one is really still praising draper for how bidstack has been managed for last 4 years then they really are mugs.

“It does always stagger me that some humans can actually exist with that level of a morality vacuum”
Are you talking about James Draper?

I’m not a bogus account HELX 2 (oh the irony)

I’m happy to meet any one here.
Had already offered to meet malaika but he bottled it when it come to the crunch.

What you going on dark web helx 2. Bit dodgy isn’t it?
Not downloading pics are you!! Weirdo

Actually I’ll add fcuked this up for shareholders.
If the mbo outlined below Plays out then he has played a blinder for himself but screwed many, many PIs.
Will tarnish his reputation forever though.
Probably moved out of Stratford office so no one knows where to find him.

Lol 3.5p per share.
No chance.
Draper has fcuked this right up.
Bottomz, Luke, Tradevol, malaika, Monte etc singing this *****s praises ever since the first fcuk in 2019.

Would not surprise me if we get proper screwed here.
Bidstack Sports is already a separate entity but wholly owned by bidstack PLC.
They’ll probably do a cheap MBO of bidstack sports, wind up the rest, and then move on as a private company.

Draper pays himself £300k
What a scum bag.
Shame on NEDs for allowing this.
New chairman has changed FA

https://digiday.com/marketing/why-acquisitions-could-be-the-inevitable-future-for-embattled-in-game-ad-companies/amp/

Not a great read for bidstack.
Await the cheap offer