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Bidstack seems to be nowhere ! Website still looks like my 2 year old built it and accounts period extended on C/H to give more time to file any sort of accounts. I hope that Draper and his gang are hemorrhaging money and calling it as 'Market Expectations'. Let me guess revenues will be "heavily weighted towards the second half of the year"....same old same old !!

Only just had the chance to read the last RNS. So....They contacted 200 companies and none were interested ??? This fantastic technology which is going to change the industry isn't worth a punt for next to nothing....or 200 companies looked under the bonnet for less than 5 seconds and realised that its all a crook of s...t, or they completely over valued the whole thing ready for a pre pack from that c..k Draper ?

I bet the assets (IP) are eventually sold to Draper and Hau's company.....No debt and the IP, and I guess a load of customers using the IP who need to continue using it ?

So if BIDS has now sorted the Azerion situation and has received £2.5m cash in the process and has the CLN as a failsafe, why wont the share price hold up ? Doesn't matter if you love or hate BIDS, 'Factually' the SP wont hold. I think the market knows this company has a shelf life and the cash from Azerion and any other cash options will inevitably run out, whether that's this year or next year the cash will run out. Interested in the next trading update as that will tell alot, especially about the cost cutting and what that looks like for the cash runway.

I don't understand the Loop Up strategy ? They are selling Operator Connect which is the "lowest of the low" value proposition in the MS Teams communication stack. Sell cheap, stack it high, Its simple to deliver and relatively low barrier to entry. The whole one supplier internationally is not difficult to do (either directly or through a partner) No money in it really and lots of competition. Where the money is in in the added value services. Contact Centre, Advanced integration, Compliance etc - all added value services (and SaaS software) that you need when migrating over to Operator Connect from something else. If you look at competition like 8x8, Conversant Technology etc they are growing but make no reference to Global PSTN calling for Teams, that's because its pretty much a given and not something I would look to grow a business on. (and before you ask, Yes I have shares and have done for a while - wish I didn't but hey ho !)

What would P**s on their chips is if BIDS managed to survive past the first quarter and they were forced to pay out the £1.5m, nothing left in the coffers ! I wonder how long Draper will lord it up in his car trying to convince everyone he is a successful businessbirk ? Ego before substance. I sold out today as this isnt going anywhere and enough time spent on a business that could of...should of....but fell on its ar**!

This is all about timing….Bear with me here, this is how I see it…took me a bit to catch up being a bit of a thicky investor! CFO, COO both resign, probably because they saw this coming. CEO is clearly ready to jump ship as he knows the run rate cash burn will catch them. The 3 going puts a complete kybosh on any other avenue for investment (that and the share price). The £1.5m from VST won’t go very far, even if BIDS cuts all costs to the bone, they wont get to £2m Op costs overnight. The RNS relates to end June 2023 and they had £2m left, that was 3 months ago. At the same run rate and margin, in those 3 months they would have contributed £400k in margin and spent circa £1.5m, they have £1m left best case scenario. That wont last the quarter once all redundancy etc costs are completed. The payment is split in 2 as they (VST) clearly expect to only need to pay half before BIDS becomes unable to trade, runs out of money. Before that inevitable date, set up a licensing agreement that will say “if Bidstack ceases to exist or unable to trade” they (VST) continue to have the right to use the IP (as in all contracts of this type). All lining up for a pre-pack for sure as they will dangle the second £750k as leverage in front of the Administrator. They (VST) then get the IP for £1.5m, no one else will be in a position to challenge the Pre-pack and the Administrator will have no option to honor the license for the remaining £750k which will be the best deal on the table. No more investors, IP and tech sits with VST. Best conspiracy theory ever…….or is it ?

Nothing has been right about this company from day dot, I remember the original pitch and the original buffoons, they all fell by the wayside pretty quickly. I cant really complain as I cashed the majority out very early, been bitten on AIM before. Good luck !

Took a look at BIDS for the first time in ages. Next time I wont bother ! Share price is a shambles, shows no sign of any recovery, what happened there !! If there is any good news that someone at BIDS forgot about....now is the time to remember it ?? Timing is everything and it looks like these lot have had their time......The only reason i'm holding my shares is that its just not worth selling, 0.5p is on the cards.......

x5 x10....urmmmm no ! Be lucky to stop this sliding to 1p at this rate.

I first looked at and invested into Bidstack when they floated on the AIM. I bought quite low and then sold when they almost peaked in the mid 30's. Did the same a few months ago when they peaked at 13p. Overall I have done alright so I have no reason to bash them or spin the facts here. I have no intention to buy in again. I have also been involved in several start up to PE buy transactions so understand what it takes to build a company in the right way. It is very interesting how some of the comments on the forum are formulated.
This is my personal opinion on Bidstack.
CEO - James Draper. He is what he is, an Ad salesman trying to run a public listed company. I would have expected his removal by now. I certainly would not have accepted £1.7 revenue over £7.1m loss at this stage in the company development. He has never ran a company and that clearly shows. If you keep investing then you are asking him to maximise your investment, it is down to you if that makes you comfortable or not.
Revenues - £1.7m. To put that into perspective, a local busy Macdonalds has about the same turnover. The Bidstack margins on £1.7m are not great. At best that £1.7m accounts for 1 month contribution to the business (assuming 40% margin, an improvement from 29% in the last accounts)
£500k non accountable "cash". That should be a massive alarm bell. Likely to be a fire sale on future advertising (my speculation is that someone had some budget to get rid of), sold cheap to raise cash. Cant be recognised because Bidstack have not delivered anything yet, breaks the rules. I am sure that will be recognised this year or converted at some point. It is also insignificant against the current losses.
Cash Reserves. This is just maths not an opinion. Available Cash £2.76m at the end of January. Lets say that the operating costs are £500k pm, then the cash runs out in June. Lets say that by June they generate £1.7m of revenues, then the cash runs out in July. Lets say they generate £3.4m, then the cash runs out 2 months later. Regardless the cash runs out. To catch up with current costs, Bidstack needs to be generating consistently £15.6m a year at 40% G.P. Until that point everything goes backwards. The facts are all in the RNS from 1st Feb.
Funding for what - It is dangerous to take funding to plug sales deficiencies and sales holes. Costs are probably where they need to be for a tech company trying to break new ground. The sales are not making any contribution. Its not the market as Adverty seem to be turning decent money. It cant always be on the never never......I have been involved in Tech companies for years and at some point the Tech needs to stand on its own 2 feet and make money. Personally, I wish all investors the best with Bidstack, I am out on this one.