Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
@Girdz, my take on the exclusivity would be as a reseller, not that Bids can't sell directly.
Completely agree. I like bidstack, and have been a very long term holder, and I do think it has massive potential. I also think the price was very low, but a little bit of caution and patience is worth while. I would prefer a much more sustainable growth and rise, rather than boom and bust.
It is very much moving in the right direction, but it still doesn't yet justify crazy valuations, that then fall off a cliff if it fails to meet expectations.
Ultimately because this is such a nascent market, it is very hard to know how big it could go, and yes I too could state lots of stats on the size of the gaming market
Whilst the $30m deal is fantastic, Just to clarify, the $30m doesn't say revenue, it states is advertising spend.
Sorry Tradevol not Iceman
Iceman, whilst I agree with there not being much time to see such significant jumps, don't forget that for a company such as Bidstack, trading continues morning, noon and night right up until the very last second of the year. That is the beauty of it. All those people who get bored on xmas day and turn on their shiny phone to play one of the increasing number of games with IGA from Bidstack games means revenue for Bidstack.
If it gains acceptance in the market, then it really is money while we and they sleep
Ok so if he has achieved zilch, then where have the platform, revenue and clients come from? Are you implying this is a bit like Theranos or do you accept that there is a Bidstack platform in existence and that there are some paying customers, of which some are repeat customers? If nothing else then perhaps we need to find out how Draper has made money (aka revenue) from nothing (aka zilch).
Or perhaps it is just easier to complain and belittle other people's achievements and attempts to do something...
And the huge amount of investments in start-ups loose people money. It is high risk or didn't you notice. Ultimately you are likely to lose the lot on most investments in start-ups, but hopefully one or two thrive. Bidstack's future would actually seem to be in the balance at worst and actually it could still be one of those few that thrive.
Not sure what non competitive games and knighthoods have to do with the price of advertising space, but there we go
Glug glug/dear oh dear Helx, please please give us some detailed thoughts on your analysis of the current financials so that we can all understand you perspective and perhaps how your projections of the business translate into the share price drops that you predict. I would love to see what it is that makes you feel Bidstack is going backwards, rather than finally making some progress.
I would love to see what your thoughts and assumptions are based on. Are they based on the market itself of just Bidstack? Whilst they might not be growing as quickly as some would like, or perhaps don't yet have the gross/operating margins we would all like, the data and the financials would at least suggest revenue/market growth, and given that some of this is driven by repeat business, it might suggest some traction in the market, as in clients are actually seeing value in this type of advertising.
And if this is such a dog, why do you incessantly post comments on this board. I am sure you must have something else in life that can fulfil your needs. I don't know maybe put all that time and effort into researching other companies to invest in and make sure your due diligence is sufficient that you don't take this fabled hit on Bidstack again.
Oh and perhaps rather than laying into Draper (and yes he has been far from perfect and let's hope he has learnt from that), maybe for once congratulate him on actually trying to make a business in a new area, and actually getting as far as he has i.e. pushing a new technology and actually building a product that actually makes revenue.
The other interesting things about it are different platforms (PC, console etc) to most of the recent news and it looks like the games might actually have pretty decent graphics. If so it showcases Bidstack in a potentially higher quality of game from a graphics standpoint
Probably the best aspect of the RNS is that it is someone who likes the product enough to want to buy more. In other words it supports the idea that there is both a market (at least for some for the product), and that Bids are an organization that are capable of delivering it. Given the size of the mobile market, it therefore gives another tantalising glimpse of what could happen if Bids can ramp up sales and delivery. If.
It is also a useful testimonial
So is that a yes. Yes you would like it to fail and therefore you would like c.60 people to lose their livelihoods?
"Only happy because then that'll be it". Does that means you confirm that you want bidstack to fail? You would prefer it to end rather than potentially be a decent business down the line? If you want it to fail then why own shares in it. If you want it to fail, I can understand you spending every day on here attacking it, but that doesn't explain why you would own shares
Dear oh dear
So incredibly right that you continue to be happy to go down with the ship...I would suggest that make you the most wrong of everyone...
Unless they are paying their bills though debt, then the longer then don't need to raise has to be good news. It would imply either better cost control, or that revenues/other cash injections are relatively robust.
They had already told the market that they will need a raise, the when, who and how much are the issues.
But you aren't realistic are you? If you were realistic you would have sold up based on your continuing logic of Bidstack being doomed to failure. If you were realistic and based on your logic, these shares are worth nothing, not 3p or 2p. Are you like a passenger on the Titanic who can see that it is going down, could still jump ship and survive (even if it isn't ideal), but have decided to go down with the ship and captain. But at the same time you actually don't like or trust the captain, so why are you staying on board? I am assuming you aren't being altruistic and to mix metaphors, holding the fort, whilst the rest of us do one.
Sell up, keep an eye on the business, and if you see some green shoots, I suspect you will have plenty of time to buy back in and still make a decent amount of money
Roley I agree there has to be something going on in the background re financing, hopefully in a calm manner, but who knows if could be frantic
Helx as usual 2p, 3p, 4p is really irrelevant. These shares will either go to 0p (i.e. it goes bust) or be a damn sight more than now, i.e. it is a success. It is almost as if you want to drive the share price down. There is no way this business stays at £4m revenue or even close and survives.
If you think it is doomed to failure, sell up and collect those shiny pennies as it is 4p more per share than you will ultimately get. If you think it might actually be a success, which I assume you do as you haven't sold up yet, then stop trying to drive the share price down.
I think we all recognised that they need some cash from where some stage (they even said it themselves), but yes it would suggest that they are somehow doing better than the layperson has anticipated. That of they have started to use debt not equity.
I know I am being simplistic but given their revenues are supposedly second half weighted, that would also suggest the burn rate should taper off in H2 also.
I will be interesting to see if they can stumble on for a couple more months or so without a raise and then do a raise based on the expected H2
Maybe there is a correlation between BIDS becoming a more tangible business (rather than a concept) and the number of sarcastic posts. The pinnacle however is if the business really has something good and interesting, then there will be absolute radio silence.
Maybe there is a new investment model to be had. The more helx is sarcastic, the more someone should invest...Maybe we should get out the begging bowl to get some money to try this as a start-up fintech. Anyone want to give me 4p?
Well said DireEmblem. There is so much conjecture. Probably even within Bids. It is a new technology and therefore pipelines etc are still probably very imperfect. Who knows a handful of big wins could make the company sky rocket. Not getting them could make it unsustainable without some significant rationalisation. We don't have access to their budgeting...
Also I don't think it was a secret that they would need funding. The annual report implied it.
I do think Bids could be better on the communication where possible and they it would benefit the company for a professional manager to take over some of the reins, but I don't think there is a need to thrown the baby out with the bathwater. Think Google and Eric Schmidt.
I also think all the demands for information etc, might miss the point that all those shouting very loudly could actually account for very little of the shareholding and Bids might not really care that much. Does anyone as a small shareholder of BP foe example, expect the company/CEO to drop everything because a few small fry shareholder are a bit grumpy. If you are grumpy, talk with your wallet and invest in something else where you think there are better returns. Nobody needs to like Bids, just ask will they make you any money or should you cut your losses and stick them in something else.
Ultimately one would expect Draper's interest to still be aligned with the shareholders, given that he is still the largest of them. A slumping share price is hardly making him rich is it? Now that doesn't mean a more experience manager wouldn't help.
I do think this company has potential, but it does need to make sure it is controlling costs. Without cash, it doesn't matter how good the product is.
Calamari, I don't think they will pay twice, but there is the opportunity that they will utilise something like Bidstack. They could still even have an exclusive contract, but by utilising Bids they can ultimately produce better advertising rather than a static ad.
I don't know how the pricing would work per se, who knows the actual brands might actually be willing to pay more if they can get greater bang for their buck.
Ultimately Bidstack is the vehicle to deliver the adverts.