Member Info for HivedOff

1. Market Cap for this Company is currently just over £5m. Presumably the technology and inventory has got to be worth more than this?

2. If Bidstack are no longer selling, just a tech Company where does that leave the 400+ games on its books, are these now worthless and pointless to BIds.

3. Virtual Sport Technology Limited was incorporated on 12 September 2023 and the Directors are, you guessed it, James Draper , Donald Stewart and Lisa Hau. What exactly is going on here?

4. This new Co. is going to pay a license fee of 1.5m to bids, 0.75m 'quarterly' is it me or does this not make any sense.

If anyone can make head or tail of any of this please let me know...

Sorry, sounds like you want constructive information about the company. You may have stumbled onto the wrong board for that…this is the room for an argument.

Monte, you are the most guilty here of never commenting on the subject of this BB, preferring to spiel a load of pretentious BS in a failed effort to impress someone, god knows who.

My point regarding a lack of adverts and the referencing old ads is wholly valid and relevant. What is your take on this particular point?

That is true enough hall. However, what concerns me the most is a lack of ads being taken up in games, those few I've looked at, that used to have adds, no longer do and they keep banging on about award winning campaigns in their RNS; Paco Rabanne, Samsung, Doritos, Marriott Bonvoy etc. these are years old, have they really not got anything more recent they could mention.

We're not shorting hall, we just find the whole thing quite amusing. There comes a point when you can't do much else but laugh, however expensive that laugh may be!

draper has demonstrated a fondness of rather unsavoury sandwiches, good news/bad news/good news...and the filling tends to be pretty awful!

The last commercial partnership didn't result in 'rich periods'...just an expensive court case! LOL - Just saying...

Good question on the sales team Girdz.

Presumably big savings on Jude O'Connor and his teams' salaries. Perhaps this is how Draper is intending to get the cash burn down, simply off load the sales team. I can only assume with this 'exclusive' deal, including the USA, that no North American sales team is required or indeed permitted moving forwards... lets hope Bidstack understands that!

You're welcome email, but it hasn't come from me it's come from the company, is you bothered following the news...

There is not going to be a placing, we already know that, as a newbie you obviously do not have a clue what is going on here. Please do you homework or stop making up nonsense, it really isn't very helpful or honest.

I think these might be worth a punt at under 1p, but the income in minute. What do they need to do to start seeing some decent revenue?

5 things that would ignite the SP…

1. EA Games confirmation

2. Azerion resolution

3. Favourable loan terms agreed

4. Improved sales pipeline confirmation

5. Take Over bid received

Any one of these would result in a big jump in the SP in my opinion, more than one and we would be back on track. I’m not sure we will have to wait long.

Children! This is serious stuff...

Lots of buys today, I feel good news is on the horizon. There can't be any more bad news, as half the posters on here have already written this company off!

#thisisjustthestart #threeyearsinone

I agree with Girdz, only in as much as I don't see any of the motions getting through.

However, I don't see this as a bad thing necessarily. This has been the much needed wake up call to the board and I believe will result in lower cost and better communication going forwards, which is what we want.

It is easy to let things get out of proportion on this BB, but in reality this company is going nowhere in the short term, and with the right kick up the back side things could still very likely take off over the coming months.

Nobody is now talking about new business, H2 income and resolving the Azerion debacle, which is a shame. I believe the future of this company could still be positive, and any hint of good news will see a leap in the SP.

I’m holding on in the hope of one of the following three possible developments…

- the company is bought out for more than the current market cap

- a loan is arranged at favourable terms to buy us another year or so

- the Azerion deal is sorted and monies owed paid, delaying or negating any requirement for a loan note.

I think one of the above is our best bet of getting out of this predicament. Failing that, well it’s only money…could be worse.

This business is now worth less than the 10m raised at the last placing. Disgraceful.

Thanks Girdz, this sector is really on fire...great prospects for all involved I would think. Very positive.

More buys than sells today…not everyone reads the rubbish on this board, clearly!

Girdz, you may be right, although its got to the point where they need to do something presumably.

Girdz - I'm not arguing with any of that.

I'm stating facts about the figures provided. If their financials are correct then the company could have a year to run on modest income - that's the point I was making. It can't really be argued with unless you are saying their accounts are skewed, which would be a much more serious accusation.