Member Info for Hitthattarget

Not sure if this link will work, but they cut forecasts on 20th September via broker stifel, not announcing it to non paying customers

https://www.londonstockexchange.com/news-article/BIDS/revised-market-forecasts/15636299

I don’t hold shares in bidstack and don’t have much faith in them. I’ll put that out straight away so this BB knows where I’m coming from.

The amount of drivel with no evidence from both the bull and bear case is as usual nonsense.

My take on the current share price. Draper is promising growth and blue skies as he did in 22, 21, 20 and 19. Yet every time he ends up missing targets and cutting forecasts half way through the year.

That for me is why the share price is where it is. People can see the potential but no one believes it will actually happen.

I don’t post on this board as I don’t want to constantly “deramp” but seeing RS questions go ignored made me want to answer.

For me, both the bull and bear cases are pretty obvious. And it’s on Draper to prove either the bulls or bears right!

Last time I checked the year end is September which gives them till end of March to submit results.

Great bunch of investors on here that don’t know basic rules or when year end is for their companies

It’s been deleted, what did it say?

Because they don’t have £10mil in the bank.

£4.37mil to pay off loans
£2.3mil going into labskin and STC
£2.68mil for working capital

And let hope that £2.68mil lasts long enough for us to win some contracts and get some momentum in the market. Could do without another fundraise so shortly after this one.

So where is chesh now with all his sarcastic comments?

Fundraise was the only option, at least that’s done and cleared the air. Not good for holders but could have been a lot worse

Chesh still dreaming about some huge labskin offer….. (read between the lines)

Riverfort can convert £4.5mil to shares at a 20% discount to 10 day average share price.

Then they issue the new loan at an even lower price as they sell their shares and crash the market.

Dilution dilution dilution, death spiral financing

I get it, you aren’t interested in chatting about Deepverge, that’s fine.

You stick to your sarcastic messages.

What mistake have I made?

So what do you think is going on right now? If the loan converts is the full amount at 3p. Very dilutive.

And if they chat repay them first £500k what hope do they have for the rest of it. So my original comment applies.

Or are you being patronising because you don’t understand the loan and don’t want to debate this?

Where do you get half a million in shares?

It would be £4.5mil in shares at 3p. You convert the whole thing not just the first payment.

Then if we require further drawdown then the warrants and everything else will be at this current level.

Because the management misunderstood the debt and only now realise the implications and mass dilution that the debt can cause.

A largely dilutive placing is preferential to converting the debt to shares which will destroy the share price even more and lead to greater dilution down the line.

The debt is completely tied to the share price so GB was gambling on a strong 6 months and it failed

Turner pope are an awful broker, dvrg need to change to be taken seriously.

Riverfort used to be a sponsor for share prophets, so Tom clearly has some link to riverfort.

The inside information would have been from leaky turner pipe, riverfort to TW, or both.

But blaming them for this mess is like blaming a saucepan for the bad meal. It won’t help you, but if the recipe is rubbish to begin with then the saucepan is doomed to fail.

In my opinion deepverge, GB or the cfo or both have made this mess and it’s been exacerbated by TW/TP

No one seemed to understand how bad this loan was when taken out, or they had no other options.

That’s the problem, none of us know what sort of financial black hole we are in. Given where we are now. I’ll take a 200% dilution if the alternative is bust. Then replace the management

Hutchy, you do realise that the loan will dilute us more than a placing would.

Get the placing done and clear the awful loan

It’s not that simple, we need to pay off current loan, we can default on it but then riverfort get a bucket load of shares at 2.8p to dump in the market.

Then the second £5mil will be taken by deepverge and riverfort will be issued a bunch more bargain shares and warrants at current price levels.

Ends up with more dilution than a placing. If anyone doesn’t understand how this works then reread the rns, there are people on Twitter that have explained and warned on this finance since it was issued in March.

Can’t say I didn’t warn you

Well played dish, no results? And that’s with the extra month extended deadline.

What exactly is difficult about a set of results with no revenues, no products and hardly any cash?

Should be the easiest set of results to produce.

Report being left to the last day again, I can’t remember a company ever treating their shareholders with such contempt as Dish.

Any bets on not being released Monday and shares being suspended again? Absolutely atrocious management behaviour

They haven’t got a product to sell so I can’t see how it’ll be anything but zero revenue and a completely weak balance sheet

But unlike you I’m always negative on dish. You’ll put spin on it as soon as you see fit