Member Info for Helx2

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Hi all - please feel free to email the below / above to the FCA - add / remove paragraphs as you see fit. I'm sending a similar message to Twitter admin to hopefully get TW's & Shareprophet's twitter accounts blocked - Elon ain't a big fan of short sellers (let alone ones who lie to profiteer) so fingers crossed we get some luck..!

Email to: whistle@fca.org.uk

Title: ************* Ltd's Deliberate False Accusation of Bidstack Ltd to Influence the Share Price

To whom it may concern,

I write to you to make a formal complaint of the company ‘************* LTD’ (Company number 08476587) (‘SP’) whose founder Tom Winnifrith (‘TW’) & current registered Director Darren Atwater have made false accusations concerning ‘BIDSTACK LTD’ (Company number 09835625) in a deliberate attempt to negatively influence the former company’s share price, both through the medium of twitter & private subscription, as visible through @TomWinnifrith and @************* twitter links and the ************* website (www.*************.com).

Yesterday on 27 October 2022 at around 10:30am, a ‘************* report’ was posted on both aforementioned twitter accounts with the following headline: ‘BREAKING: private email: Bidstack fesses to Azerion litigation, end of partnership, spins as takeover ploy on BIDS.’ From this same moment in time, the Bidstack share price on the AIM London Stock Exchange dropped from 3.14p to a low of 2.54p within the space of 3.5 hours before slightly recovering to 2.6p by the end of the day.

The next morning the share price opened at 2.3p, just before an RNS statement from Bidstack was issued which clarified the following: ‘The Company would like to stress that, contrary to the press commentary, there is no litigation with Azerion, and the contract with Azerion continues to operate as expected.’ As such, the share price has since recovered and at the time of writing stands at 2.7p.

TW & SP have lied about the issue of litigation to undermine confidence from investors in Bidstack and encourage a mindset of selling based upon the false ‘bad-news’. There are a number of subscribers of SP who have used these slanderous news stories from SP to short the shares of Bidstack & echo the false news in share forums across the internet & on twitter to further exacerbate the fear and panic resulting from these lies and encourage holders to sell their holdings.

haven't sold a bean here :D

Glad the share price has reacted positively to the clarification surrounding the FUD-charged story. The charge back into the 3.5p-4p range should soon be on. A big US deal blows the price out the water imo.

i'd be happy to draft a template letter which users can post & send to the FCA. Will post it here a little later - TW needs to feel some heat for his actions.

Hi Stan - akin to the positive response from PIs yesterday re following up Bidstack for an explanation of the crooked journalism, I think if enough people write to the FCA about TW some positive action might actually take place. I'm doing the same a little later this morning.

The man negatively sensationalised a story, by lying that the company were in litigation & followed it up with a complaint to AIM Regulation that JD was obliged to inform of the (made up) litigation via RNS. The impact this had was to knock back the share price & weekly momentum from a day's high of 3.14p to 2.58p which resulted in a lot of PIs selling through blind fear & panic.

This is not the first time he has attempted this with a story re BIDS - the most recent previous attempt being a few days before the fund raise was announced, taking it from circa 4p to 2.8. Note it was the report re a 'profit warning' & 'going broke' & not the fund-raise itself that prompted this decline. There's clearly an investor leak from a large holder / minion thereof. But irrespective of that TW is lying through his teeth to knock back BIDS & obtain more minions for his egotistical & truth-twisting guff.

It’s called the bidstack webpage dumbo.

So TW 100% lied re his headline in relation to ‘litigation’:
‘The Company would like to stress that, contrary to the press commentary, there is no litigation with Azerion, and the contract with Azerion continues to operate as expected.’

Feel like there’s grounds to sue for slander. Particularly for those who got spooked and sold into the blind panic yesterday. Man is an absolute scumbag.

Well done to BiDS for clarifying & updating all.

right - things ain't too bad, who wouldn't want to acquire BIDS on the cheap ;D

Contract is still churning revenue, both parties still amicably working together in spite of the legal stand-off - revenues still in line with expectations, lucrative opportunities in the US, fully funded, still very happy with my investment here - also don't fancy swimming with TW's ego & BS-peddling cronies for the next 12 hours+ see you later ;D

type #bids into twitter and filter by 'latest' should be near the top.

so my immediate thoughts:
1. I think James should have RNS'd this to everyone rather than key investors as it was going to leak anyway but...
2. the news isn't that bad... Azerion are exploiting the fact that they are BIDS' primary contract so by 'pulling out of a deal' they shake up BID's value on the open market leaving them exposed to low-ball offers to buy.
3. BIDS still inline with 22 & 23 market expectations - all gravy here.

Feels very underhand from Azerion & as JD has said, the deal is working in terms of the ads & the contractual position is strong. Just as well they're expanding the US side.

Hopefully Azerion can wise-up & start acting a bit cooler otherwise they may end up losing BIDS' IP for good.

nirmpat

i'll re-type it here:

PRIVATE EMAIL TO INVESTORS

Azerion and Bidstack MSA discussion

From the Investor Presentation of Sept 2022, you will be aware of the existence of the Azerion Partnership, which is based around a contract which commenced on 01 March of this year (the "MSA").

Following announcement of the placing, Bidstack received an email from Azerion requesting information under the MSA and reserving Azerion's rights under the MSA, including steps to end the MSA.

Bidstack's response and legal position

Due to the timing of this email and the nature of the Group's ongoing strong commercial relationship with Azerion, the Directors regard this email as a speculative and opportunistic attempt by Azerion to exploit a perceived weakness in Bidstack in an attempt to acquire Bidstack at a significant undervalue as part of Azerion's buy and build strategy.

Bidstack has responded to Azerion with detailed information demonstrating compliance with all areas identified by Azerion and disputing the rights reserved by Azerion. Bidstack has taken appropriate external legal advice and has concluded that Azerion has no present entitlement to end the MSA.

Consistent with its strategy to review and improve demand side agreements, Bidstack will pursue discussions with Azerion in relation to the MSA, which may yet chainge in focus, scope or detail, and it is anticipated that these discussions may be on-going for some time.

The contract continues to be operated on a business as usual basis by both parties, with October already the highest grossing month, and with November and December anticipated to grow further month on month.

Forecast and Outlook

Bidstack remains inline with 2022 and 2023 market expectations.

Bidstack notes that Azerion is primarily a European entity, with its sales-reach limited to these territories. The Company has invested in an experienced sales team with a proven track record in North America, as covered in the presentation, which has a robust pipeline for FY23.

Our Group Chief Revenue Officer is in active discussions on a number of significant global revenue opportunities, including additional resellers, licensors and media agreements, with anticipated contracts in FY 23.

Kind regards,

James

JD letter posted on twitter - in summary Azerion trying to underhandedly acquire Bidstack lol

Bidstack remains inline with 2022 & 2023 market expectations. Don't think there is anything to worry about. AZ clearly value BIDS.

2.9p trade price… I think it’s almost definitely a buy after hours

Late 2m buy - £58k - wish i had some more cash like that just lying around to throw at it! Onwards we go…

Whilst i'm happy for steady rises here, I do think when future partnership news is announced (Azerion stlye) the rises will hit hard and fast. sub 3p is pretty nuts given where they've got to at this point in time. A lot of people want hard tangibles before investing & whilst having a risk averse strategy is sensible - you'll end up missing the big jumps aka Dec-21 1.7p to 5p+.

ah gees is it that guy again? too many green filtered peeps. The update is great, a steady set of rises is fine for me, I'm just happy my cash is invested in a company who are stable, fully funded & whose future growth is as close to certain as it can be, especially given BIDS could rapidly scale in a short time-frame depending on what deals land. I expect a number deals & figures to be announced to the market as and when they land. Easy hold. Now back to the day job.

For once Kat I agree with you - I see 3p this / next week & 5p before Xmas. All the negatives are cleared up for the foreseeable. Any drop in price re raise would already have happened at the point of announcement. Literally nothing to fear here, only positives going forward.

dude you asked the same question on 05 October thinking it would happen on the 6th after the raise announcement... It's already priced in. Drops proportional to raises / new shares would happen as soon as the news is announced. Take your equivalent example of MOS which dropped like a bomb the day the raise was announced. That hasn't happened here because there are too many other positive factors supporting the price.

Still living in the past eh? Should be looking at the current and future with respect to where the company is going. Currently they’re fully funded, with ads showing in 100+ titles internationally, they’re writing the IAB standards, have a AAA client, a guaranteed 30m revenue stream via Azerion and have signed up a number of experienced sales personnel to attain an initial $100m in annual revenues from the US. so I’d say the future at this point is looking pretty rosey. But sure, go focus on bidstack from 3 years ago. Lol

Nice post Tv - upscoop’s a’comin - need even more staff to handle the current level of interest - BIDS is gonna flip real soon imo.

Lol think the ****tail’s gone to your head - up to 926 posts last time I checked ;-)