RE: hilarious! trolls here bigging up the share on other bbs. hello, aldebaran22 Sep 2022 16:30
I think 3p is a good entry point for BIDS - I think there’s a decent amount of resistance there, I think the company has progressed hugely behind the scenes. I think the recent drop has been tactically driven by TW’s fear campaign & I think their intention is a final attempt to push out PIs and begin to mass-accumulate sub 3p. The campaign actually started a day before any of the updates -there was an immediate reaction by them to the price as it moved up above the 3.6/3.7 range to disparage what is genuinely good news about a separate self-funded sales team targeting an additional $100m of annual revenue in the mid-long term.
The broker note (again disparaged by shorters) from the update this week indicates a current mcap of £73.4m.
A raise of sorts has always been on the cards which the company flagged quite clearly in their interim update. This could, but doesn’t have to be by introducing new shares. I don’t think the size of any raise would need to be huge - maybe just to cover 6months or so - they are very, very close to the B/E point and growth of new profit. Any raise will be very quickly bought into - 3p is a reasonable place to do it from. Happy to be in & holding long with a large holding at a low overall average. Remember how quick the jump from 1.7p to 5.8p took last December time… Think a jump this time would be both higher & permanent. Basically - last chance saloon to accumulate a large holding in a potential unicorn of a company. Here for the long haul.