Member Info for IntrepidInvestor

Hi all.
My theory is this is connected to the GFIN deal. Gfinity are on a big upswing and I hope (as a shareholder) this is because GFIN have finally worked out how to make money from their activities; thru online programmatic ads - courtesy of BIDS.
It’s a theory, anyway.
Intrepid.

My guess is that there is a single buyer and they are picking up stock from placing sellers. I’m not selling at these levels.
6p here we come.
Intrepid

That’s a great result. Well done everyone who managed to get a message thru to someone. Mine went to Jim Mellon.
Ok, so now we all have an obligation to dig into our pockets for the fund-raising......we can’t have it both ways, after all.
Intrepid

Hi all
Long time no typo. Sorry, I’ve been busy.
So. It’s clear the ‘tune’ of this board is sort of stuck; in the blue corner, those thinking this is about to multi-bag and in the red corner, those who think this will pop in 12 months.
My prediction is that you are both wrong.
To expand; I think BIDS will take 2-3 years to turn a profit and will raise another £10m to do so. It will post increasing revenues along the way, which will shore up the SP for raising cash at higher levels.
It won’t go ‘pop’. There’s far to much money out there looking for returns for it not to raise more money. The ‘concept’ alone will ensure that (for a couple more years).
The only way this prediction will be wrong is If they literally turn in no income over that time.
So it still boils down to “SHOW ME THE MONEY”.
For what it’s worth, I have always believed in the concept but have followed the obvious signs to trade out and now back in.
I suspect the next ‘signal’ will be Dramper & Fran selling more shares in Sept. The key will be whether this is after a positive trading update or not.
On another note; don’t forget to protect yourselves against COVID pan-ic-demic 2.0.
I’m shorting the Dow again. Worked wonders in Feb.
All the best.
Intrepid.

Hi all.
I’ve been a shareholder for a while but never posted. It was/is one of those small holdings I just forget about. I’ll either see multiple gains or find it disappears on a cloud of smoke.

I know of Jim Mellor and have a very similar view on where to invest for the next 2 decades (this being one of many similar investments he’s involved with)
Ordinarily I’d say he makes the right call, but this time I don’t think so.
The BOD and he have reached a ‘related person’ agreement that seriously undervalues this company.
They are basing the 6p price on a 3 month average; timed at precisely the moment the 3 month average is as low as possible, due to the crash in March.
In short they know this company is worth at least 10p a share and it is a travesty they/he is trying this.
They are probably right that the co should be taken private; but pay shareholders the going rate. Don’t short change us.
I’m saying no. I suggest you all do the same because that’s the only way you’ll see any value out of this. But write the money off. Don’t expect to see it for 10 years plus, if at all.
If enough of us say ‘no’ I think they will have to up the price. They won’t want to take it private with 1000s of private shareholders. We will still be required to vote on any pre-emotive stuff and AGMs and that will be a costly nightmare for them if not listed.
Intrepid.

Hi all.
Who’d have thought it? BIDS is up in such a red day. It’s performing almost as well as gold.
Bodes well for the short term.
Intrepid.

Hi all
I’ve topped up at these levels. I’m convinced the virus is not ‘beaten’ but merely retreating until it can break out again when we all get back to normal.

Testing will remain a cornerstone aspect of the needed continued response. Don’t be surprised if this means 5-10 times the current declared earnings of NCYT.
If these go any lower, it won’t be for long. Just like the previous range of 110-150p the SP held for weeks, then rocketed out of.
Keep the faith
All the best
Intrepid.

Hi
Would someone mind posting that Times article. I’m not a subscriber.
Cheers
Intrepid.

Hi Greenspan.
Your recent post is absolutely correct.
Furthermore, what I find sinister about the bidilievers attack on all who were stating the “bleeding’ obvious” is this:
The placing/dilution was obvious to anyone with a modicum of intelligence.
Therefore, anyone trying to attack that argument had to be either stupid (and couldn’t see the b obvious) or were attacking something they knew to be correct.
In the former case, I take no issue with anyone. It’s not their fault they are stupid; that’s just a genetic mutation.
However, the latter type are, well, unethical at best and plain greedy and prepared to do anything to anyone to get more money, at worst.
This is because their action of attacking those highlighting the b obvious, is basically not going to have any effect on other intelligent investors (they being able to also see the b.obv.) but it would have an effect on the naive or inexperienced or stupid; these unfortunates were being encouraged by the bidilevers et al to pay over the odds for shares in order to protect existing shareholders from greater dilution (by artificially holding the SP up with their attacks on the b obv.).
Makes my P15S boil when I think about it.
So what is it, bidileivers? Are you nasty or just thick?
Intrepid

Hi Matt2521.
Re boohoo avoiding main listing.
Word on the street is that the founders don’t want the more ‘pertinent’ rules etc. Given the recent noise about their being up to no good with subsidies and inter co transactions, it makes sense. As for their involvement in this; let’s hope they are not in the driving seat in that arrangement. I’m not sure I trust them now. I sold out boohoo recently after good rise. Won’t get back in now.
Intrepid.

Meant to add;
Welcome back Hartlepoolbob.
I’m pouring myself a G&T and hit the moneyweek crossword.
Have a good weekend all.
Intrepid.

Hi Helx.
Dare I say it, but now seems to be the time to buy more and reduce that average. Then getting back to 20p becomes getting back to, well, er, lower.
Intrepid

Hi ButtHims-up.

If you look at my record, you’ll see I was the first person to post that the SEP19 director sales were a big red flag. I also stated my intention to de-risk (ie sell some).
Not sure what your point is, beyond the above.
Cheers
Intrepid

What will be a red flag will be whether the founders attempt to sell more shares when their current 'lockout' window opens (or is it 'closes') in September.
If they sell more then, I'd consider that a red flag one could see from the international space station.
intrepid

Hi trade205,
That is, of course, true, in absolute isolation.
But it, as a basis for forming an argument, ignores the ethics issue.
Put simply, once he sold out shares at 20p, knowing there were no sales, he is on a moral journey that precludes him from buying back in lower until sales are established. That's my take on ethics and trading where CEOs are concerned.

I know I've have been more miffed if he had purchased than him not doing so. His absence in the placing/subscription does not raise a red flag to me. It would have been different if none of the other directors did, but they did.
Anyway;
SHOW ME THE MONEY!!!
;-)

Hi trader250/all,
I disagree with you, trader205, regards whether the founders should have purchased back shares they sold in SEP19. I feel it would have been unethical for them to buy back now, having sold much higher. However, I empathise with those who feel the founders' absence can be construed as somehow negative. I guess this argument spins on whether you feel it is ethical to sell higher before anyone is aware of the lack of sales only to buy back in much lower, via a placement you have ultimately orchestrated with your strategy/delivery.
Even if they wanted to buy back in, I'm glad they didn't. I take comfort in that the other BODs purchased £200k's worth. That has more merit.
Onwards and upwards now we've cleared the room of that god-awful smelling animal (and, boy, didn't he ruin the carpets!).

Just need that cash flowing.
12p by September anyone?
intrepid.

......... “The best time to raise money is.......

...... when people will give it to you”.

Perfect time to raise capital when your sector is on fire and there’s lots of demand for new products/innovation.
Seems to me this stock will settle in higher than this level and will hopefully produce results with the extra capital over the next 12 months.
Intrepid.

Hi PillartoPost.
games have been 'live' for over a year now on BIDS systems. The complete lack of revenue is not about the games and whether they are signed up, but about the complete lack of appetite with advertisers. Until the sector gets recognised by the global advertising body, and until marketing directors are convinced of the effectiveness of any money they may place with BIDS, they won't advertise. Even now, with lockdown, BIDS is still unable to issue any meaningful RNS saying 'actual revenues coming in' or similar. All we have had is 'interest' and other wording.
re the smoke and mirrors surrounding the AGM voting: I've just received notification from my holding in BIRD and they have simply put the voting in the RNS. 99.7 voted for the loss of pre-emptive voting rights at BIRD.
So ask yourselves this: Why is it that BIDS chose not to issue the voting results for the AGM.

It is an absolute disgrace, as well as a HUGE red flag, that the BoD of BIDS have deliberately withheld the results of the votes at the AGM; this is particularly insulting given that we were not allowed to attend. I strongly feel that BIDS need to issue the voting results of the AGM immediately. What are they hiding?
Anyone else have an opinion?
intrepid.

S/b ‘give or take’

Hi Greenspan.
RTO’s don’t necessarily mean dilution. If a candidate is found which wants a cheap listing and not necessarily to immediately raise cash by issuing shares, they would simply pay an agreed premium for the existing shares.
They then own the company and their value becomes the listed company value, give to rake.
My guess is that a Covid related candidate wants a quick listing to raise cash. My money is on one of the private cos producing a test kit. There was one recently announced in the Hampshire area run by three brothers with a Scottish surname. Sorry but can’t recall or find the name online. But I felt they would need a listing and cash when I first heard and looked up the co on CH. my memory is turning to mush during this lockdown.
but my point is that there does not necessarily require a dilution; but even if iany agreed deal did require dilution, the deal would not get shareholder consent unless there was enough in it for those existing shareholders.
So, in practice, any dilution should still see an uplift in the original shareholders holding value.
Intrepid.