Member Info for Jimmy_Stocks

Ronald Trump, explain how Admix managed to raise $6m then the other week? With bids far ahead of them in progress.

Explain why bids are still recruiting, including senior hires.

Explain the M&A specialist sitting on their advisory board. And the Director of an investment firm sitting as an NED.

Or just keep making baseless statements and embarrassing yourself.

Great buying opp for me, as this is nothing new we didn't know. Can't believe they dropped it so much, but couldn't buy a bean in the 5's anyway.

A podcast and update on progress would be nice.

Expecting break even this year? When the new broker note that was written recently has laid out what to expect (which is nowhere near break even). We won't even break even in 2021, without going back to check, if I'm correct?

This investment case is all about growth and the frictionless scale of that growth. The market hasn't seen any tangible signs of that yet, so we are where we are. It isn't about breaking even and £140k revenue or even what the revenues are for H1 this year.

We haven't got long to find out whether bids are heading towards the moon, or to the bottom of the canal. I've personally got my space suit waiting.

Why haven't any of the trolls joined bidlievers I wonder?

Illuminating article that was released the other day. Don't you think so trolls?

PS don't bother replying as I won't see it saddo's x

Intrepid I have come to the conclusion that you are a very sneaky deramper. Coming up with all these theories that then get shot down in flames. Going on about furlough, knowing full well it wouldn't apply to bids. Going on about CBILS, knowing full well it won't apply to bids. You and your group are upping your activity. I'm surprised you can't find somewhere else to make easier money. I don't believe a word you say, and I do not think you are invested here at all, with all this weak buy rubbish, and I don't usually post on bb's but yet I am here coming up with all these half c0cked theories. You don't fool me and I won't be replying to you anymore.

And at costs to shareholders comment, JD owns 17% so why would he shaft himself. Or am I being naive?

If your posts didn't have a tone of 'I know it all' when you clearly don't, then maybe debates would be abit more calm and passive.

They will be fine. Look at Admix fund raise. Look at the advisors. Look at the interest in this space.

Enjoy your spuds x

Makes me laugh, these goons trying to control the narrative on funding.

Intrepid, please tell me how Admix managed to secure $6m in funding recently? Bids are clearly more advanced in their path to significant revenue than Admix, and in a more mainstream market (general gaming as opposed to Admix AR/VR).

Bids have world class advisors, including the Investment Director at Mercia tech plc and a former Goldman Sachs director. I think they will be just fine, regardless of what Mr 'I've got 5 profitable businesses but I don't employ anybody but I still need a loan' says, or indeed bottom feeder 'market commentators'.

And great post, well put martb. Lets see Intrepid reply directly to all of those points. Or maybe he won't....

Intreprid your story on having 5 companies has many holes. I would stop posting about it as you give yourself away every time you mention it.

You were saying the other week that bidstack would be furloughing all of it's staff. Then when you were corrected on this, you said you didn't know anything about that scheme as you weren't furloughing any of your staff. So to be clear, you won't be furloughing any staff but you will be applying for 5 different loans for 5 different businesses?

What is it your businesses do exactly? I'm confused.

Or is it you are talking total codswallop and trying to give yourself credence by saying you own 5 businesses? Let me tell you, It is having the opposite effect. Keep going on about it though and tripping yourself up.

Fair enough Pete, that does state exclusive.

It would make sense that they are getting closer to monetising this substantial back catalogue and that current tech is holding it back. That would fit the timeline that has been ongoing. They have 70 odd staff, so must have been up to something all this time. Why not come out and say that though. They act as if they are a private entity and imo one of the duties of a plc should be to communicate with shareholders. Lots of plans that they have RNS'd have not come to the surface, and with no explanation. Shareholders should be entitled to ask why. I know they have some big backers so maybe they don't think they need to. But that is where all the stick comes from. I don't buy into the lack of revenue argument because they are a tech start up looking to trailblaze a new way to consume music. I still hold a small amount of shares (compared to what I did have) but will probably end up back in just out of not wanting to regret it further down the line haha!

I'll be keeping a beady eye either way. GL to you too

Pete the licenses aren't exclusive though are they. It is an obvious thing to say that NextVR will likely get their act together now they are under Apple's wing, no? Competition is good anyway. Do you really think MelodyVR will have exclusive rights to film concerts in 360 or VR? There will be others surely, unless I'm missing something.

I'm still sitting on the fence because, although the Institutional investment is great on paper, it still makes me weary that last time big II came, the shareprice went from 16p to where it is now, with all sorts of conspiracies flying around with shorting etc.

As you know I was invested and love the concept, and argued with negative posters on here in favour of the company. But
a lack of shareholder comms made me head for the door and I lost patience. I may live to regret it, only time will tell. I might still come back in again, I still follow the company closely. I know you have a substantial holding here but you (and other loyal shareholders) did also get in very early I believe and probably have a nice paper profit from those early days.

Did Apple buy NextVR in the end, or just a rumour? I’d say that is competition if so. These licensing deals aren’t exclusive.

Signs of competition is healthy though imo. No competition indicates no interest in the space. Melody can’t do it on their own. Well they could but would cost 100s of millions.

JD has spoken about skins in open world games before. Don't see why this is any different.

It might be a way around the F1 licensing in the immediacy. It might also be hard coded, but if it is it will ultimately follow the money in the future. If game publishers can make more through programmatic then that is the direction it will go. Why would it not?

WsKR what makes you say that?

I think aswell potential is so big, this goes higher than 20p without revenues confirmed imo (once funding is sorted).

My guess if EA or ATVI confirmed, funding sorted and IAB Gold standard confirmed, we would be sitting at around 80p.

What about cost savings of not being able to travel to these game exhibitions Intrepid? They flew everybody out to Gamescom or similar last year. Bet they’ll save a chunk in expenses from that. And revenues my guess, although still not significant, will be higher than what was projected, and also what was achieved in Oct, Nov and Dec last year. So brings the cash burn down further.

My rough guess is cash burn 300-350k rather than 500k.

Strange, where did my post go?

And JD did say on the last vox podcast that all their staff are set up to work from home.

Hi Intrepid, if I understand the furlough process correctly, any staff on furlough are not allowed to undertake any work (even answer an email), so given bidstack will be very busy, phone will be red hot with incoming enquiries, and developer team busy executing new campaigns at short notice (see govt dirt rally campaign), then I don't think they will be furloughing any of their staff.

Where they may save costs is on things such as travel, accommodation and expenses for events and gaming exhibitions, that they would have had a full calendar booked in for. They also have business premises and so would have been entitled to a grant of a mimumum of £10k, likely more given their offices are probably quite big.

Given you have run businesses previously as per you mentioning this before, I would have thought you would be aware of all of this.

Just to add on the revenue side. I agree, it is very important and the proof in the pudding is everything. BUT in the new broker note it is state no significant revenues expected to be brought in until Q3. Many companies have given a Covid 19 update without mentioning revenues. NCTY is a special case. Bidstack is more relevant to covid 19 because gaming is seeing a big uptick and they were directly involved in a govt campaign that got plenty of press, to showcase what they can do. It was also released as an RNS Reach, which again is all about showing their capabilities.

Significant revs not pencilled in until Q3. Fully agree that plenty should get on their back if these revenues don't come then.

Very interesting Intrepid that you mention instant reporting and bids knowing in real time what their revenues are and therefore would or should be reporting it instantly. The Share profits gang, Tom and crew were using this line repeatedly aswell last year. Hmmmm

Beware false (share) prophets folks.

Now how is that Tesla short getting on?