Member Info for Jimmy_Stocks

Does anybody have a fair estimate of how many projects KR1 are invested in that are not yet listed?

Castle I did back it up, they had losses of approx. £7.2m last year. £8m losses projected for this year. I am making that to be around £600k cash burn per month, no? And cash payment will be around £500k they have said. So another 3 weeks of money?

And I get things take time. But my research is telling me this ship isn't ever going to sail. Least not in the next couple of years and fundraising when the SP isn't moving poses a very big problem to LTH's. You think otherwise and we all pay our money and take our chances, nobody has a crystal ball. ATB to you too

Massive endorsement this. I signed up to Real Vision couple of months ago, some great content on there, well worth the subscription. Raoul Pal is highly respected I understand, and as said below, he will have recently done his DD on KR1. Really positive that he is telling people to buy, obviously likes what he has found. And why wouldn't you, what's not to like?

Anyway, Shaking you get your wish, I am going to log off and not waste any more time here. I've asked a series of questions and raised concerns that have gone unanswered, even by bullish posters such as bottmzup, which tells me my concerns are valid.

I will keep following the story and await this next (hopefully not too painful for LTH's) fundraise.

And cash burn, I don't have time to dig out the figures but losses of £7m- £8m last year was it? Same projected this year in updated broker note I believe?

Girdz you've been here awhile like me. We aren't derampers, and have been following the story for longer than 5 minutes. Anybody else who has been following for longer than 5 minutes sees that.

Castle my buys or sells mean nothing. I am stating facts and asking reasonable questions. If I got to the bottom of some of them, I might buy in again. I doubt it though as I think the truth would make the company less valuable than it is already. I actually brought £40k worth to average down after the last placing and sold them for around 6.5p, which helped me previous losses. Considering I first started buying in Feb 19 at 6p I haven't got any kind of loss where I am holding a grudge. Still down overall, probably around 15% not that it should make any difference to you. Again focusing on other things when you should be focusing on the company.

Read my posts shaking, I only post about bids. I'm not rising to insults and joining your level, sorry old bean.

RE this cash payment that is a big saviour. We are talking £500k? Against a cash burn of £600k per month? So buying them another 3 weeks?

Still trying to cajole into a squabble :D anything to not face talking about bids. Please see previous tit for tat comment. GL

Haha your patronising not going to work on me. I'll 'jog' on when I chose. Now hit that filter button and focus on your investment boy.

Shaky I have no interest in tit for tat stuff. Just look at my posts. I am asking reasonable questions about the bidstack. I don't think that constitutes bashing the company. This is a forum to discuss bidstack, good and bad. You imply I'm a delicate flower, yet you seem unable to discuss and focus on the most important thing here, the company.

Stop worrying what I'm doing or others, focus on the company and hit the filter button. Easy

Shaky I get the LT thing. I was invested for over 2 years and held firm, so wouldn't class myself as unable to take the swings. I gave them benefit of the doubt last year, but history repeating itself and not in a good way tells me all I need to know as to where this is going unless big changes happen. I thought EA was nailed on, but reality is it's a pipe dream. Would not surprise me if they got to the end of the year and the tech still wasn't in Hyper Scape. Where are the ads in Codemasters? Where did Real Cricket go? They've bet big on the cash burn and headcount to win AAA games and it hasn't happened I'm afraid, and £9m revenue by end of next year (probably 2nd half weighted again) IF they hit target also tells me it isn't happening anytime soon.

Break even btw at last year margin is around £45m revenue I believe, somebody correct me if I'm wrong. How many shares in issue before they get to that point?

You could try give me actual reasons why I should jump back in, instead of making comments about posters and saying we're basically wimps for selling out. I don't think you have any though, so your only retort is a cheap dig.

Have to disagree there. Happy for them to keep hodl'ing in crypto and/or reinvesting into other projects, given how early we are in the space and also where I believe the valuation of crypto is going.

It is easy to say after, but nearly everybody was predicting a bull run through until at least the summer. It might still be just getting started. but easy to say after the event that they should have cashed out at ATH's.

Track record means they have full trust from me. I would prefer BOD bonus to be aligned to the SP though rather than NAV. Does anybody know what the reason for that setup is?

Easy for shaky to have a pop at posters, instead of facing having to talk about the actual company.

I notice bottomzup chose to ignore my reply to his 'achievements' that bids had made in last 12 months aswell. Burying head in sands, of which there are plenty, in them bids foundations.

That is exactly right Girdz.

I can't remember which podcast it was with Justin and Vox, but he outright asks JD if all on track based on the only number out there, which was £5.7m in revenue, and JD says they are 'very, very x5 comfortable' with the number out there.

He and Fran then proceeded to sell £600k worth a few weeks after (if I recall correctly) and then revenues for the year came out at £55k. They then announced 1 day later the 'up to £10m' deal. None of that £10m deal has ever materialised into the figures, here we are over 2 years later and targets are now £4m.

I was going to jump back in after the fund raise but the more you stack everything up, the more you think I'm not going to touch this track record of continuous misleading with a bargepole.

And I'm not going to turn into a troll here but just finally to answer your list on achievements:

Feb`20 - Appointment of Andrew House to the advisory committee - The IGA company in bed with Sony is Anzu, not bids. Also what price are the advisors options, how much time do they give? We don't know.
Mar `20 - Bidstack and Codemasters New Gaming Collaboration - Non announcement, didn't list the game. There has never been any volume of ads in any Codemasters game
Mar `20 - Partnership with Gfinity and Venatus - Bids no longer appearing in RNS's between the partnerships of these 2 companies. We've never seen any evidence or confirmation of what this deal was
Mar `20 - COVD19 Business Update - claimed covid provided a boom to the business, now the Feb 21 update claims covid is to blame for downgrading of revenues, with slower sales cycles.
Apr `20 - UK Government's "Stay Home Save Lives" campaign - Very good. UK Govt advertised everywhere, radio, tv for 12 months
Apr `20 - Independent Research Report from Lumen - positive but already achieved the year before, so confirmation of what we already knew.
May `20 - Collaboration with Codemasters for DIRT 5 - we have seen hardly any ads in this game to date
May `20 - Very positive AGM statement about future growth (worth a re-read) - err revenues downgraded 50% for the next 2 years?
June `20 - Successful `significantly oversubscribed` placing raising £5.5m, aswell as additional participation of the Chairman and three Directors raising a further £200k - placing done at last minute at year low valuation. £4m of the 5 went to PI's who proceeded to flip their investment and stagnant the SP for 2 months. LTH's given no opportunity to participate
June `20 - Herald Investment Management buys 25,000,000 shares - the best news on this list
June `20 - Bidstack receives IAB Gold Standard certificate. - Anzu already on IAB Gold 2.0 with half the cash burn and headcount
July `20 - Trading update confirming a 10x increase in revenues y/y.... and a
reiteration of revenues being `very significantly` H2 weighted - positive but was from a v low starting point
Aug`20 - Interims, again stating that the second half of 2020 revenues will be
`very significantly` weighted versus H1.
Sept`20 - Exclusive Agreement with Ubisoft for Hyper Scape - we are still waiting for bids tech to appear in this game
Nov `20 - Dirt 5 release from Codemasters - as above, hardly any ads spotted
Dec `20- Trading update states being on track to exceed market expectations for full year revenues! - achieved by gaining what appeared to be around £800k in low margin revenues. Probably the Hyperscape Burberry deal, with bids acting as broker, when we all thought it was their SDK running in the game.
Feb `21- Trading update confirms that Bidstack has exceeded market expectations in respect of revenues. £1.7m vs expectations of £1.5m. - value plummeted 50% because of zero forward guidance and profit margins decimated

Bottmzup I sold a couple of months back because in my view they were/are making the same mistake with the placing, in that they were/are leaving it until the last minute, all the while the mcap slowly trickles down. I also was not happy with the lack of forward guidance in the Feb update, along with margins being decimated and no explanation.

None of the above has anything to do with being scared off by anyone. There were numbers missing in that Feb update, and I can't see ii's investing in a company that is losing £8m per year with no visibility on when it is going to break even.

You say AAA's are onboard but bids tech isn't live in Hyper Scape yet. EA is just a rumour and wouldn't surprise me if it was a similar situation to Ubisoft, which would explain why no RNS. £9m forecast by the end of next year tells me no AAA games are coming anytime soon. It is all based on hope, nothing concrete.

"It is akin to your house burning down and you having a go at somebody for not wiping their feet on the mat as they leave. .."
Or having a go at someone for re-arranging deckchairs on the Titanic, instead of calling "Last Orders...?" Only the person in charge knows for sure, and he's gone AWOL.

Exactly. Basically bigger things to worry about on the horizon! Iceberg right ahead...

How is discussing management competency deflecting from evaluating whether bids is a good investment or not? Who cares what we would do, we're not in charge. What matters is what management is doing and has done. I agree with Girdz points and we've all banged on about it for how long, and they've kept with their failing strategy.

And everybody knows about helx on this board. Bottzup has repeated himself many times on the point, with very long posts. I think we all get it and my point was bottzup should probably be concerning himself with what the company has actually achieved in the last 12 months, along with the impending fundraise.

It is akin to your house burning down and you having a go at somebody for not wiping their feet on the mat as they leave.

Nobody cares bottomzup, doesn’t take a rocket scientist to work it out.

Strange your own posts revolve more around that none issue than this upcoming fundraise.
Or asking what actual progress has been made in the last 12 months. I looked through the RNSs earlier and I can answer that one for you, not much!

That is because rumours and speculation of what might be happening behind the scenes is better for the SP than the truth and actual progress imo.

Until of course they need money, then hiding time runs out.

It would be great to know how much investors money JD spent on Norwich actually. Same with this Forbes CEO club he’s in.

Really poor form when you piece it all together, to put it politely.