Member Info for Jimmy_Stocks

His appointment was RNS'd if I recall. No similar announcement on him leaving?

When are H1 results due?

Was VP on the Game publisher side I believe? Looks like he is onto pastures new.

An indication of admitting defeat with the big boys, EA Ubisoft etc? Or a different approach? Seems a good guy, GL to him.

Well coffee cups, they invested 60% less when offered at a 50% discount to previous investment. So not a great endorsement to me and not what I was waiting for.

Twitter is in full pump today, explains the move. Lets see H1 results and profit margin to deflate the balloon, and then off we'll go again at the next bit of news.

Is this good or bad? Not trolling, just not sure what to make of it. I was looking out for Herald, as they will have seen behind the curtain more than any, you would imagine.

Invested £1m @4p, then 18 months later invested a further £400k at 2p. Not sure what to make of it.

Shame my head in hands didn’t copy paste properly, but sums it all up really.

Any sign of any ads yet, after now £23m investor money is it we’re up to now?

https://pbs.twimg.com/profile_images/639105789085532160/0NvnfE-m_400x400.jpg

James Draper, Founder/CEO of Bidstack said:

"I am honoured to welcome Bryan, a global leader in technology, media and gaming to the board. We have worked closely together since his appointment to the advisory board and as Bidstack is at an inflection point in the business we will benefit from Bryan's impressive and proven track record at Electronic Arts as we pursue commercial opportunities."

£8m is overvalued based on management track record this past 2 years + still no evidence of any material technical progress, after £16m and 2 years 'graft'.

What's the link to bids?

Blockchain will do away with middleman companies such as bids.

Nail on head guygad.

All this pontification about lessons learned and if this, if that....bids have moved past that stage. They have dined out on rumour and what ifs for too long. They now need to produce cold hard evidence before they can be treated as a credible company.

That looks like:

1. Volume of ads visible across multiple games and in multiple countries
2. The above translating into revenue at a reasonable profit margin

Everything else is just noise.

Lets see how long it takes them to get ads live in this newly signed games. 10 months and still waiting for Hyper Scape. And Codemasters ads are as frequent as Loch Ness monster sightings this year. Not a great indicator for bids ever getting their tech into EA games.

Sorry, 10 months later. From the September 2020 RNS.

Roll out shortly? Like Hyper Scape, where we are still waiting for bids tech to appear, 9 months later?

Update: An EA spokesperson gave GamesIndustry.biz the following statement regarding its partnership with PlayerWON.

“Following incorrect reports suggesting that we are looking to introduce 'TV-style' commercials into our games, we wanted to clarify that in-game advertising for console games is not something we're currently looking at, or have signed any agreements to implement. Creating the best possible player experience remains our priority focus.”

Doesn’t seem that hot.

Marty what games are bids going to generate that revenue from? And where is the evidence they can tackle this technical task of running masses of volume through a platform?

Bids are the local coffee shop who had a little success (handful of ads in FM), and now have dreams of turning into the next Starbucks. Reality is this team have not delivered anything to date technically, and no reason to think that is going to ever change.

All the resources, headcount and A list advisors and bids are falling behind competitors who have half the headcount.

HivedOff unless I am mistaken, which has been known (I brought shares in this pile), LOSSES of £8m from memory. Losses already take into account income my friend. Losses is the bottom line, the net, after all other credits and debits.

I would say for balance, in fairness Bryan Neider would have been top of the list on the advisory board along with AH, to replace Derek Wise or Mike Hayes.

£10m is not 2 years worth of cash by my reading. Updated broker note states annual losses of £8m, unless I'm missing something?

I am honestly surprised that this is 2p. Was expecting lower and for a lesser amount.

Oh how they wish they'd have raised bigger the previous 2 fund raises. Sorry for any LTH's. Draper and Fran need to pony up at least £300k in here EACH, put back what they took in 2019.

The old trick of mixing bad news with abit of good again aswell I see, with this Director appointment. They have been reeling that one out since 2019. Although in terms of weighting, it is akin to house been burgled (fund raise) but the burglar at least took their shoes off before entering, so carpet is still clean (director appointment).

HivedOff, if you are bullish here, can you explain why you think bidstack would produce a 70 page glossy document that did not once explain why profit margins dropped off a cliff the moment revenue picked up in Q4 last year?

HivedOff, I am just going on what losses have been past 2 years, and also what is in the updated broker note for projecting the next 2 years.

I agree the £2.3m should have been gone now. We don't know what the running costs are and if they are consistent. Might see spikes in costs for example during these 'significantly 2nd half weighted' periods of revenue.

I am zooming out, you are zooming in.

Margins dropped off a cliff tho didnt they. Which informed us revenue was from reselling low margin ad space and sponsorship not programmatic. Hence the sell off, more misleading non-sense from JD

The above is Nail and head.

Really strange that some don't grasp this. £16m of investors money, 2 years of effort and the platform is not yet completed, with no visibility on when or how far they have progressed, all while £8m p.a. cash burn and silence from the Board.

Based on the next 2 years 50% revenue downgrade from the broker note, it appears likely it won't even be ready before then. But keep bringing that 3% margin Fifa shirt sponsorship to help reach these heady revenue figures.

There will be well over 1 billion shares in issue before this gets to break even imo, IF they manage to get funding to survive that long.

The only way I would contemplate investing in this again is if JD and Fran reinvested the £600k they took out in 2019.

Repeating the same things that were said 2 years ago that have been repeated by every bids employee on any podcast or zoom meeting ad nauseum - Respect the art work and publisher, respect the gamer etc etc blah blah blah.

Really insightful from an industry leader.....not.