Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Helx, "Draper couldn't deliver a pizza". Why does Draper need to deliver a pizza to anyone, apart from maybe his software engineering if they are pulling an allnighter? I am sure BIDS is not in the pizza delivery business. Did you think BIDs made pizzas? If so maybe that is why you don't like them, and I would agree with you I don't think they stand a chance of winning making or delivering competition and I would agree their pepperoni pizza sucks. Did you get stuck on the b's when you meant to get to d for Domino's? I know they look a bit similar
P.s. Draper's title has chief in it, not chef! Maybe that little spelling error also explains something.
If your comment was supposed to be facetious, then you may have missed the news last week about Draper's company delivering ads in game re Covid-19?
If you actually think about it, that isn't too shabby. Now I know you will continue to bash him based on the current lack of revenues, but there we go. Hopefully given they seem to have delivered a reasonable product then maybe, just maybe the revenues might follow.
Have you answered anyone yet about why you spend so much time sprouting the same old on this discussion board. Please educate us as to why you would waste so much time on a piddly little company that you obviously hold in such disregard. What is in it for you? What are you gaining?
Bottmz, how dare you suggest such utter rubbish. How dare you indeed. I bet you also think TW isn't worth listening to on either shares, climate change or any other thing he turns his attention to, and again how dare you. I can assure you he is a sage and we are just fortunate that from time to time he is kind enough to share his wisdom on BIDS. Given how small fry BIDs currently is we must be truly honoured to receive such wisdom.
It is interesting (and I was surprised) how Facebook's revenue/user is actually higher than Netflix, i.e. ads are generating > than a subscription service.
It is going to be interesting how advertising changes post the current environment
Helx, "I've been had". Sorry that is lame. You might have lost money in the first instance from what you believe is being mislead, but it is a lame excuse when you continue with your holding.
You could have sold out at any time after realising you had been had and saved yourself a few pennies, but to continue with holding the shares speaks to me of irrationality and fear. Fear that you might actually be totally and utterly wrong and BIDS will succeed. If you were so sure that it will be 5p or less then what sensible person would keep their holding.
The answer is none, unless you weren't actually that convinced that the it was going to go to 5p or lower and stay there and that you fear that you might be wrong and the company will succeed in the long term.
Who knows in the long term maybe you will be proven right and we have all been "had". That remains to be seen, but to keep ranting on about having been had, or that Draper is liar, is lame, because your actions do not reflect your words as you continue to keep your holding...
Oh and yes there is a very good chance BIDS will fail. It is a start-up and cash is ultimately king, but then that is the case with most start-ups and that is why you shouldn't be investing in companies like this if you aren't prepare to lose. It is also why you need to spread the risk and make clear decisions, but then I assume as an experienced investor, I am preaching to the choir, which then brings me round to why on earth you continue to hold shares (and keep commenting) on BIDS...
joined
Who knows with this one:
- I don't think the revenue aspect is that big a deal (in the short-term of course), this is a long term play, although they need to make sure realism prevails. The key is in updates on new contracts and what starts to happen in H2. Let's be honest though, even H2 will be about showing progress and actually getting traction rather than the taps suddenly filling up.
- The biggest issue is cash and burn rate. Obviously in 2019 then blew a lot, and cash management will be key. Can they either significantly reduce the burn rate or do a raise until they actually have a revenue stream. Whilst it might have potential, unless someone gets a good grasp of this, then it will forever just have been a good idea
- I think they certainly need to look at their communications and how they improve them, for example could they actually do an investor call etc . Whilst it might be painful for JD, hopefully it will instil some confidence. Also they need to start managing expectations.
- Also I think they do (cash permitting) need to look at management structure. Do they need some professional management onboard. Whilst the board has a decent calibre, do they need some more executive management experience. It would seem that some IR experience wouldn't go amiss.
- The new appointment seems decent and yes a vote of confidence
At the end of the day, it is a start-up, it could still either succeed massively or blow up spectacularly, assuming one believes there is a product there. But someone needs to get control of the cash, to quote Alan Shugart, "cash is more important that your mother"
Without more and better information I certainly wouldn't be increasing my holding in this at present (regardless of how appealing the price might be), and whilst I won't be selling, I can understand why others would. There is a very real chance the SP will go to 0 and BIDS will fold, but at the same time the product still seems a good one, and the market potential big. Who knows.
Can I ask a question, what is the point of every single day, people either positively or negatively going on about Bidstack, with a slight variant on the same theme. Unless and when more information is available then is it quite dull to hear the same old comments and really doesn't add any insight. Surely there are better things to do than rant on a share chat.
Yes either Bidstack is going to fail and was built on sand, or maybe it will succeed, time will tell and in the interim you can make your bets based on what information is available. Also unless people are intimate with James Draper, then rambling on about whether he misleads, was a bit naive or is actually a visionary is a bit pointless. Sure he sold some shares. Personally if I was sitting on nice bit of money stuck in shares, and actually didn't have much money myself, but had taken some risks to get where I am, I too would cash in a bit. Put it in perspective, he sold c.4% of his shares for around £300k. Who knows maybe it paid off his mortgage and therefore ensured that if everything does fail then he can look after his family...
It is a small company, where there is limited information and it has an unproven offering. it is by default a big risk and anyone who invested should be cognisant about that.