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But what is the point in just watching this Grind lower and lower...you can have better value elsewhere (at least not loose more money) and jump back in when the next Placing called. Directors buys....I would be amazed if they do this. How about instead of another placing, they all stump up a convertible loan to the company that they can convert at a super low price on sale of the Mine. Lets see how confident they are!

“if received” = Not Guaranteed.

I see it like this - they have signed some agreement with a Marketing Company who could place 10 Million worth of business to BIDS every year......But there is no Guarantee that they will do that. Marketing Agencies now have the choice to choose Print (Newspapers/Magazines etc), Outdoor (Billboards), Televison and NOW they also have Gaming via BIDS.

Reminds me of VRS and all their bloody coloboration agreements......in fact maybe their CEO has been giving lessons to BIDS CEO as he is also full of Spin!

"Gross media expenditure = revenue. It's in black and white and not at all confusing. It really is basic English."

No it is not........ Most Digital Marketing Agency collect a Gross Amount from an advertiser from which they need to pay the Media Channel Owner (In this case i would imagine that to the Game Owner - they are certainly not doing this for free) and the Net would then be for BIDS.

Bidstacks is going to be huge. I just dont think that will be under the stewardship of the current CEO....this weeks RNS have been a joke. Their Advisory Board members must be worried for their reputations being connected to bloody Amateurs. CEO needs to stand aside and do what ever he is best at (whatever that may be) and bring in someone experienced with running listed companies. If I had done similar in my proffesional life I would have been shown the door. BIDS need to remember that they are a Public Listed company and have a duty of care (or at least common sense) towards their Shareholders.

Well its up........ finally. Could this have been the bottom. The company needs to do something to get the SP up as for sure they will need to raise in Q2'ish.

A good step...but does it stop BH selling still?

Think onve the model is proven (really provem) would not be surprised if someone bought the company out.

Thanks lets see.....

Hope you are right. I will keep watching and see where the stock goes. But had to draw a line, could not afford to loose the remaining 50% - simple.

You are right, what they explained makes sense.

But I have some rules, once im 50% down (I am ) time to think......To get my money back I need the stock to do 100%. The stock today shows there is little support, FFS it is de risked and we are now 50% lower from when I bought pre JORC.

I have been stupid enough to watch shares Drift....the first time I invested in EUZ i lost 80% of my investmemt. I thought I had timed my re entry right.....now 50% down on that investment.

Frankly the sentiment is low, question marks over LR and CB (Has CB ever had a listed company that excelled? I think the guy must be loaded and likes playing Mines!)

I have decided to sell and will move my money elsewhere. But I will keep watching and see where EUZ gets.

Total Transparency....50% down from Pre JORC. Im out.

Think the situation is a little dire to be honest. Once we get the next METS we are going to need a fund raise. Unless LR pulls a rabbit out of a hat we are going to be further diluted. Totally agree he needs skin in the game....he once said that he had no money and was just a salary man.....Im sorry but a CEO with no skin means he doesnt care too much about the shareprice, just extending his salary payment. Anyone know if he has options?

Forget Zak Mir. Total crystal ball stuff. Here are the facts missed revenue guidance on 5 Million, have some guidance on 10 Million of advertising revenue, how much Net to us we dont know. As of June we had 6 Million in cash and were burning circa 2 Million every 6 months, so lets be cautions (unlike our CEO) and say we have burnt at least 3 Million. We have I reckon about 6 months of cash in the bank....... The CEO now has to turn this around and focus on cash generation - I would say in Q1 a good start would be to bank the 5 million he thought he would by Year End.

I would be really interested to learn how the cash flow situation now is for BIDS. If Revenue is expected to start to come in then it should open traditional Bank Financing instruments to cover running expenses...... Curious what other major investments the company may need to now make. Guess I will go and do some research.

The company were under pressure thanks to the ususal so called journalists trying to make a point to boost their freakin ego. What the CEO should have done was never confirmed the 5 million would be made by year end. School boy error.....completely stupid. CEO need to be 100% clean and transparent - if they are not the sharks will get them. Seen it time and time again.

I think people need to consider that AIM is not a market for Investors. Its a a Market for Active Investors. I have learnt the hard way that on the first sign of trouble or bad sentiment to SELL. If you had sold as negativity built up, you coud have re-entered this morning at a lower price. I sold out months ago and this mornings RNS made buy back in. Still a risky stock, but you dont put out out an RNS quoting 10 Million unless you have something to back it up. I really hope the CEO has learnt a lesson not to get caught up in all the podtastic ramp****fests - focus on the business and the SP will follow.

I see some posters commenting on deleted posts and the Twitter crew. I have been investing in AIM now for the last few years, some wins some loses. I would just remind people where there is a tip there can be a tout. The importance of your own research and also I would say "Gut Feeling" is key.

I think in principle the BIDS model is wonderful. But we are not 100% sure that this model will be accepted by advertisers....advertising in a Fortnight (or however you spell it) game to my 11 old son is not really going to garner you much. If you want to build you brand name then sure FIFA for the likes of Coca Cola may make sense. We just dont know yet.

This all went wrong with Management (this is my expereince is always the case). Look at VRS, AAOG, AFPO (now defunct), ACP (Previous idiot CEO).....the list goes on.

I remember listening to Justin Waite interviewing the CEO of BIDS and concretely asking him (probably back in September or whenever it was) will you make the 5 Million revenue target. Q4 was already starting and having worked in Sales myself if you havent already got your Sales firmly in your pipeline at the start of Q4 and coming on stream in the next weeks.....you are never going to make it.
I just thought to myself......the share will go epic if he meets these goals and then also saying to myself if he misses this share will crash big time and do I want to loose my very modest profit....I sold out. Sentimemt in AIM is key and do not be scared to sell immedietly if you dont like the news....you can always buy back in lower.

Good luck everyone and remember in AIM the odds are stacked against you and you will loose. But every so often you will have one that does 100% in a day that recovers your loses and then hopefully some more.

Exactly....DB.

The German Investor is according to the interview still on the shareholder register....this is a wonderful. They will be very keen to see a strong return on their investment.

LR aim to move the shareprice for shareholders.

Great Interview on Proactive Investor. Explains everything very clearly. This stock is a bargain.

Agree with posters, the price has gone down as shareholders expected a quick and easy bag......well we all dream of this. Today we are seeing "money" to move to the next big thing to Bag overnight.

I read the RNS this morning and was also a little miffed around the Zinc issue. But what they are saying makes sense and needs another round of testing.

We are for sure further derisked today and the shareprice is very disaapointing. However, looking back at Fundamentals the price makes NO SENSE at this level. If buyers are following the story they could snap up the company for nothing at the moment.

As always time in the market is important. Im well underwater but can see this coming good. Hopefully sooner rather than later. LR you need to do some decent PR today my friend!!!