RE: RE: Bids Tweet2 Nov 2021 17:09
It was interesting following up on Zak's mention of Myles McNulty's posts on twitter re BIDs:
"Yesterday's #BIDS purchases, from 1.99p right up to 2.19p, were just in time, it seems. Considerable shareholder value has been built in just the 4 months since the £10.9m placing at 2p at the start of July, yet the SP is only now starting to move. Why?"
"I'd suggest it's a combo of terrible market sentiment surrounding @bidstack, following years of over-promising / under-delivering; and of a large portion of the placing, flipping at B/E after the realization that there would be no instant bounce, post placing."
"Last week's news has really kickstarted the long overdue rally. The investment thesis for #BIDS is simple:
Frictionless scalability across a multi-hundred billion dollar gaming market - and NOT limited by genre. Native advertising could become a ubiquitous part of all gaming."
Worth a follow i'd say.