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It also explains why helx is still here…he is still holding. He pretends to himself he's given up on these, he might even believe it, but he really hasn't. He's just so hurt by it all, that he chooses to trash the thing he holds dearest, a type of self-flagellation for his poor judgement...it's a very interesting reflection of his mind set, but quite hard to witness.
Presumably he feels that if he has lost so much, then so must everyone else, and especially James Draper, who he holds personally responsible for his pain. Helx appears incapable of taking responsibility for his own poor decisions making, it has to be someone else’s fault! Quite odd behaviour, really quite stalker like.
As if by magic…the bail out appears to be on.
Great post Rubyshoes. It’s hilarious and explains everything, helx paid circa 35p a share…nothing else need be said!
helx, I’m impressed how you know so much more than these industry experts choosing to join this sinking ship. Really very impressive, or rather ridiculous, time will tell.
Very simple question, does this look cheap at 22m? Well with 8.7m in the bank, the order book, SDK and all the contracts are valued at just 13.3m.
The market cap of this business was more than 4x that figure when they had one games publisher and a turnover of 130k a year…it really is bonkers, if you think about it!
…too little, too late helx? There’s 8.7m in the bank and large orders coming in, or did you miss that bit? LOL
What is OTMP CRM package you refer to? Glanty??? Don’t even appear to have a website. Not sure many agents use it.
Rightmove have 16,000 agents, (down from over 17,000) OTM have considerably less, might be worth checking your facts before you start accusing others of being ignorant.
Girdz, I sense you will never give JD any credit, whether BIDs reached a 100m or 1000m cap, you'd still criticise him. Can you not just take some positives from this, he has been accused of over communicating with shareholders in the past, and more recently not communicating enough. I am pleased with the update, pleased with his comments and prepared to give him a chance. If he pulls this off it will an incredible achievement, and I think it looks like he might just do it.
Some real positives this morning;
1. For a start we got a Trading Update!
2. The company is still solvent and trading, with cash in the bank
3. EOY would have been in line with the 9m target, with the Azerion income
4. 1.2m already written this year, this equates to 9m on current run rate...whilst Q1 is the quietest quarter of the year!
5. JD is communicating and is very upbeat about the future
6. This company has huge potential, with developments going on all over the world
Furthermore, I wouldn't be surprsied if we didn't rekindle relationships with Azerion. I felt this was a bit of an olive branch, explaining how we had hoped to move forwards together, if differences can be reconcilled anything is possible.
Sounds like some people got caught with their pants down! Great TU, now watch the SP rise!
Very amusing Monteacute. I must say I have enjoyed being part of this chat over the past few years, the entertainment has been first class. I would be lying to say it’s been good value for money. Up to now it’s been fairly expensive, but nevertheless great fun. Have a great weekend.
Sorry Girdz, not sure we are having Chinese tonight, having to cut back a bit....
I think the best advice is not to listen to anyone on here too closely. There are cleary some posters that are very anti this company, and always have been. As the share price slips they seem to be getting more and more excited. The truth is their opinion counts for nothing, and the SP doesnt necessarily reflect what is actually going on, only what is reported as going on, which at the moment is may be not enough.
However, there have been over 6 million shares bought today, more buys than sells, so not everyone agrees with the naysayers. Without doubt there is some risk here, but we know there is cash in the company, and we know ads are being placed. You've got to make your own mind up, as it would be very easy to sell now, with all the negativity on here. But I for one am holding. I won't add more, but I will hold, and wait for proper news to drop, whatever and whenever that may be.
It has to be said, a period of silence like this is often an indication that something is going on behind the scenes, a precursor to an acquisition, maybe? It’s beginning to feel a lot like it.
If JD can get 50M he ought to take it, 3.5p a share, I’d bite their hand off…
The issue with OTM is that most agents are still getting this service for free or paying very little. It is considered a marketing extra to Rightmove and wholly unessential. If OTMP insist on charging all their agents a sensible fee they know that half of them will leave. This of coures is driven by the consumer, and the public do not look on OTM, they use Rightmove or Zoopla. OTMP will find it very difficult to increase revenue.
Furthermore, as this is totally dispensible, once the market starts to bite and agents need to cut back I fear OTMP will be one of the first overheads cut. Agents will remove listings from OTM unless the service is free, or close to free. This is exactly what has happened to Boomin, some agents signed up when it was free, but none were ever going to pay for it!
Zoopla realised this years ago, which is why they invested in agents software and websites etc. They have diversified to avoid the competition with Rightmove, OTMP simply do not have the funding to do this.
I see this company as a slow burner at best, and certainly a high risk in a recession.
Actually Girdz, we had a Chinese meal and the note in my fortune cookie clearly stated that my ‘wealth would improve in May’. It couldn’t have been any clearer about it. No doubt you will be trashing that as well!
I have it on some authority that this is going to pick up quite drastically with some very positive movements, but not until May! DYOR
Let's be havin you, and all that Norwich City FC sign Marquinhos on loan from ****nal. He really is a great prospect, and I think this is really good news for JD, he can sit in his box and watch a real star in the making. C'mon that got to be good news...No?
It's Pubguard I feel sorry for, remember them. They exchanged a decent start up business for a tranche of shares in Bidstack when the SP was about 30p. I bet they are over the moon with how this has turned out. If you look hard enough there is always someone worse off than you...crying shame really. On good news we can expect a 25% rise, take us to 2.25, let the partying begin!