RE: 25 million revenue forecast27 Apr 2022 10:06
Tradevol, I am also a significant shareholder. I gave up reading Helx and Girdz posts some time ago, but you seem to want to examine the bear case:
1) Revenues. As expected from last year, a significant improvement on the year before. The improvement in margin, removal of smaller titles where the margins cannot be maintained, clear improvement in the number
of titles (also acceleration compared to peers), increased revenue against a relatively fixed cost base - which should be further improved by the Azerion deal.
I would expect they deal was made because though a proportion of the 36% of the $30m minimum dollars will go to Azerion, this is less than the cost of sales if Bids did it on their own, as well as revenue will be generated much faster.
What I would agree is that some indication of whether the azerion deal is active and an indication that some revenues have been generated/how they have started would be beneficial.
2) Transparency. We don’t know what’s in the contracts, but if there’s an NDA , they have to respect it. Nothing more to say, plenty of clues….
3) Salaries/options. You pay your money and take you choice. I have been impressed with the staff I have seen from presentations. There will be an industry standard to attract the best people. As for Draper I think he has learned in the job - now under promising/over delivering now having got this wrong in the past. I would accept that only comes true with the numbers over this year.
I’m sure you can up with some more. Do you wait until all this is clear before you buy? That depends on your risk appetite. Some will no doubt have sold pre-results hoping to buy back cheaper… Maybmiss the chance if they want any volume.
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