Member Info for IntrepidInvestor

Meant to say that last one was for riddler.

I was approached in the placing. I was told they were looking for £500k investment. It closed with £650k.
Intrepid.

Longrun.
If you are telling the truth (which, obvs I doubt), marry the girl immediately. She’s a keeper. Or simply lucky like that octopus in the World Cup picking all the winners.
And a lucky spouse is much better than an unlucky one.
Intrepid.

The placing originally asked for £500k. The fact they got £650k suggests that more than one ii involved. Now we know that’s the case.
Intrepid.

If it is open market, thst is going to blow a hole in the MMs positions.
They will be scrambling for cover and shares now.
V positive.
Intrepid.

Either way, this is good news. Shows intent. IIs wouldn’t normally roll a £650k punt. Unless they know something.
I think this is therefore pretty bullish.
Intrepid

So Someone with Lots Of Money But A Real D...k have acquired 16%? From the date it’s not clear if they were the II putting up the £650k.
I suspect so. Anyone else know?
Intrepid

PS
But the fact remains the only ‘land grabbed’ so far, is that of the organisation in offices across the courtyard (literally). Co-incident? Or simply convenient?
Even outside of this ‘land-grab’ discussion, there is still the main issue;
“SHOW ME THE MONEY”.
Or is that now “GIVE ME SOME MONEY” given the fundraising herd of Loxodonta africana in the room?
I’m still slowly topping up on the dips. Nothing like before but think sub 6p these are worth another punt. I might even partake of the fundraising if asked.
But it’s clear that fundraising will wait until after the AGM. It has to, if they want to raise having passed the ‘pre-emptive rights’ motion.
I will be voting against that motion. not that I have many votes - mostly my holding is in speed betting positions.

Hi Priggsy68.
It was my attempt at humour. Sorry it fell short of your understanding of the same.
No backtracking undertaken or intended on my part. Not for a ****3 joke, anyway.
Intrepid.

Hi Priggsy68.
I’m not bashing anyone in that post. Just highlight one of the elephant’s off-spring in the room.
You’re clearly long enough in the tooth to have seen it all before, at 51-52 yrs old. So it’s intriguing that you apparently don’t see this for what it is? Ie a great potential stock struggling to get up to planing speed without more power (aka money). There are hazards here and I’ve a right to highlight them, just as anyone else can highlight the potentials.
It is clearly easy to sign deals with a ‘friendly’ company, regardless of how or why that relationship became so strong. So the real acid test will be when BIDS signs deals outside of their ‘friendly’ circle.
One of those hazardous rocks in this journey is the known unknown of who the competition have been signing up. This is, in Draper’s own words, a “land-grab”. He needs to grab more land now. I feel he’s staked the easy/close-by lots. He now needs to get further afield. Maybe BIDS needs to open offices next door to EA, Nintendo or Activision Blizzard. That might work, on current evidence.
Intrepid.

I last saw the count on NCYT, making hay over there; not long after he tried ribbing me for doing the same.
Haven’t seen him for a while. Shame.
So people actually get banned? If so, what for?
Intrepid

Hi again Girdz.
Did you mean ‘S4C’? I suspect you meant ‘SFOR’. 2 very different listed cos.
Intrepid.

Hi Girdz.
I agree re the code master comment. BIDS needs other deals. It’s nearly all about codemasters. Are the CEOs of BIDS & CDM cousins? Or worse, lovers?

Also, I’m glad you also acknowledge the SFOR potential. They are back on fire currently. Soon be back up to their pre-pandemic highs.
An eventual SFOR takeover of an ‘out of friends’ BIDS is my favoured outcome.
Cheers
Intrepid.

I will go for £1.65 closing SP.
Spikes to over £2.
The only thing that could derail this is if they decide to give it away.
Cheers
Intrepid.

Hi Moneymuch
The SP is hardly ‘bargain basement’ levels now.
They were a fifth of the price a week ago.
Intrepid.

Hi Jimmy-stocks.
I see the picture, big or small.
If the resolutions pass BIDS will first try a placing.
I’m likely to be able to be involved in that. I was last time. But other shareholders might not be so lucky (don’t know the broker). Or will have to cough up a much larger sum (usually placed in chunks of £25k etc).
I’d prefer a rights issue with placing to mop up those rights not taken up.
Re getting a VC involved; I’ve worked with them, have friends in the industry; I wouldn’t touch VC money with a barge pole - unless there was literally no alternative (which, ironically, is when they hammer you the most).
I believe, as a matter of principle, pre-emptive rights should be always kept in place. They are protected for a reason. If we vote those away, it should mean a placing and no repercussions, but it also allows the BOD to make moves with hidden agendas.
And given their relationship with their shareholders, and the fact I no longer trust Draper, I think we’d be foolish to vote away our protection.
Cheers
intrepid.

Hi all.
There’s lots of debate here today about ‘ifs’ and ‘buts’.
The truth is simple.
This is a shell company looking for an unlisted partner.
They don’t yet have one and they have until the new money runs out to find one (but must delist end of July).
The new guy has presumably been brought in because he thinks or knows he can get a deal done.
It does not mean a deal will be done with one of the companies associated with him nor does it mean a deal is guaranteed.
There are lots of shell companies out there so suitors could have a couple on the boil at the same time.
However, his appointment suggests a lower risk level; but this is still a very risky play.
Put in whatever you can sleep at night with knowing you could lose the lot before you hit the holidays (not that we will all be going anywhere).
Cheers
Intrepid

hi again all,
I have received notification of the AGM; as expected it is currently planned to be just the chairman and one other (presumably the company secretary or equal). the date is 22MAY20.

My guess is that the lockdown may have altered to the extent that a normal AGM may be possible by then. if this is the case, we should all contact them to insist the AGM is a 'face-to-face' one.

That aside, the 2 important proxy items are:

7. TO AUTHORISE THE DIRECTORS TO ALLOT SHARES IN THE COMPANY
and
8. TO DISAPPLY PRE-EMPTION RIGHTS

I believe it is vital the BIDS can allot new shares, for the EITR fund-raising. However, I think we should force them to over the shares to existing shareholders as a right. That's the only way to guarantee you avoid dilution (so long as you take up your rights - and pay in more money).
I'm voting 'for' 7 and 'against' 8. I suggest you all do the same.
spread the word to the bidimaniacs.com
intrepid.

Hi Jimmy-stocks.
I thought you were not going to respond to my posts anymore? Glad you changed your mind.
I concur with Girdz; you need to re-read my posts. I’m not having a go at BIDS about their RNS for revenues but am highlighting that a mogul of advertising has said in his RNS that their industry in in massive flux - and I’ve suggested it’s up to Draper to deliver during this time. Otherwise he is out.
If he goes, please can it be before Sept, when he will be entitled to sell more stock.
Intrepid.

P.S.
Draper should take some lessons off of Sorrell on how to issue an RNS. This morning’s is pure platinum.

If I were Draper & Fran P I would approach SFOR and ask them to buy BIDS. That way, they get their exit and enter a grown up world where they can continue their schooling. But I suspect Dramper, the old soak, would simply slope off into the sun and head for the nearest beach bar.
#JustSayimg
Intrepid.