Member Info for roleybirkin

Its not an issue draft that we differ in opinions and views...... that is what the boards are for.
I get your points on people making £500,000 from a £50,000 investment and generally that takes time, and maybe a number of years.
All I have suggested is that there are people who have a different strategy that is appreciably more short term and they have no interest in the stock appreciating long term - They just take the turn generally on day one or first few days of trading.

draft - Not so silly putting up the likes of £50,000 and making £5,000 - These guys churn their money and making 10% in say two weeks is 260% per annum...........
I post things to be informative and to give a view. Not sure who said anyone was my client?
Certainly pleased to hear you make good money. That's the aim for us all I would think.
All in all I like the stock and I like the post from Lukehere - It reads well and is certainly believable.

Hi draft - I know that because I work in the markets and especially around the aim listed stocks - I had dinner last Thursday for example with the owner of an agency house and they received 90% allocation and one trader is a seller at 6.5p or higher.
I also know of a further firm that will be selling into any premiums.
This is a common practise of "IPO flipping" and is valuable as much as it can be detrimental.
It is detrimental if their is little buying on day one as these guys will sell into any premium as they purely work on turning around their cash to get to the next IPO.
It is a valuable service if the stock is wanted and the market makers have some block buyers as the sellers deliver liquidity to service the buying.

It is getting close to the launch of trading.......... Great news
Here's to a strong opening although I have met with a couple of firms that took stock in the placing and they are sellers at 6.5p and above.......
So, any premium will come under a bit of pressure.

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

Bidstack Group Plc

(Formerly Kin Group Plc - to be re-named following the proposed Reverse Takeover ("RTO"))



COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered Office:

201 Temple Chambers
3-7 Temple Avenue
London EC4Y 0DT


Principal Trading Address (from Admission):

Plexal
Stratford
London
E15 2GQ


COUNTRY OF INCORPORATION:

England & Wales



COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

www.kingroupplc.com (prior to Admission)

www.bidstack.com (post Admission)



COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Kin Group Plc (which is an AIM Rule 15 Cash Shell) proposes to acquire Bidstack Ltd by way of a RTO under Rule 14. Kin Group Plc will change its name to Bidstack Group Plc at a General Meeting prior to Admission if the acquisition is approved by Kin Group Plc shareholders.

Bidstack is a UK based software company that has developed technology to place programmatic advertising campaigns directly into video games. It was founded by James Draper (CEO) and Francesco Petruzzelli (CTO) in 2015.

Bidstack's customers are games publishers and developers (supply side), for example Sports Interactive (part of Sega Europe) with whom it has exclusive access to Football Manager 2018 and advertising agencies, brands (such as Dominos and Vodafone) and programmatic advertising platforms (demand side). Bidstack secures exclusive access to the native in-game advertising space within video games from their developers or publishers. Bidstack sells that advertising space either direct to specific brands or programmatic advertising platforms.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Consideration, Adviser, Placing and Vendor Placing Shares are being issued at £0.06 per share. Ordinary Shares have a nominal value of £0.005 each.

No Ordinary Shares are held in Treasury.

There are no restrictions on transferability of the Ordinary Shares.


CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Placing of new Ordinary Shares to raise £3.5million

Vendor Placing of Ordinary Shares to raise £0.77million

Total fundraising of £4.27 million

Market Capitalisation on Admission - at the placing price of 6p per share - £11.93 million



PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT

The analysts are disappointed with the half year report and the larger investors who paid 16p feel let down.
Who can blame them as no-one expected to hear that just 408 subscribers are live and the target is now 3,000.
All seems lower than the hype and not a case to build a significant business.

This is one 'waste of time' board.....
In-fighting and just drivel.

Viera, not sure you will get a chance to be buying at 8p.......so you may as well cancel.
Stock will likely come under a little pressure as an analyst has written up the half yearly report and has a couple of concerns.
1- Only 408 live subscribers is lower than understood
2- Report suggests a 7 fold increase to just 3,000 and that is again lower than understood
3- Switch to ASIC from GPU - not understood and needs to be explained
I sense we will see these guys will get called lower at the open.

Oh dear - We resort to childish behavior - Now now the two of you.

A man of few words Viera.
I am of the opinion that Crypto prices are still far too high. The valuations make no sense but that in no way means Crypto (digital assets) are going away.
Mining will continue and can still be valuable.
Nothing changes in my mind if you think that new Crypto coin/token issues will be at more sensible valuations so more coins will be issued just simply at lower prices.
Common sense says you that mining will be more successful gleaning coins at lower prices so it will still deliver value.

I guess you never know and I would be more than pleased to see the price run up.
I am aware that funds were raised to allow the bigger shareholders to sell shares so that lessens the weight of sellers on day one.
A lot now depends on the PR. How well have Bidstack/KIN sold the story to the institutions that can generate sizeable buy orders.
In the end the value of the shares will be down to the company driving the adtech hard and that means signing more games and delivering quickly.

Loss to end June of £1.15m
Raised £25m in cash after the period closed
end June live subscribers 408
Revenues expected around £484,000 from the first batch live subscribers to end June 2019
New deal with Canada allows up to 3,000 subscribers to go live
Plan is to get to 150,000 subscribers live - no date mentioned but guessing within 2 years
That target should deliver revenues of up to £178m
All very ambitious and we wait to see how quickly they can progress the plan.

Just out

Morning Viera.
I cannot disagree with your advice. Not all boards are functional or have the relative experience, but on the other hand some do.
Early doors for Argo as I know a bit about the business but cannot claim to know the board and their background of success or indeed failure.
Would be good for someone on this chat to maybe give their thoughts on the board, their history and suitability if anyone has done that piece of work?

Steady on draft - I see day one closing around 6.875p - Small premium

I work in the City still and market makers still work on keeping their books flat overnight. Not such an idealistic view.

I am into eSports investment and have another company that is more into event management underpinned by an on-line platform. That is doing well and I just like the sector. Amazing growth potential.

Secondly, there are few eSports genuine investments and only one listed business being GFinity and that is valued at above £30m on massive losses and low revenues - Institutions I know want to invest in this space being eSports and Games so that helps.

Finally, if Bidstack stay focused in the In game add space then this is a cash cow. Lots of games for them to target and the sponsorship revenues could be huge...... All about execution and delivery now and James Draper is a top guy.

My target is 24p and close to £50m in 18 months.....

Not sure what looks suspicious?
The MM's if they do not have a view will simply move the share price against buying and sell orders.
There has been some decent sized buy orders last few days and maybe they have dried up and hence the share price drifts back a little.
In the end it will always be supply and demand that drives the price one way or the other.

With regards company news - Let's hope we get some colour shortly albeit we know the company is fully subscribed at present but is using funds raised to deliver more capacity to fulfil the subscribers waiting in the queue.

I believe the lowest subscription is £300 per annum and the premium is £3,000 - Happy to be corrected if these numbers are incorrect.
The revenues based on the above should hold the company in good stead.

Interesting Mpire. Similar but I received docs last Saturday.
Bidstack shareholders are getting 7.25 new shares for each 1 held......... but bear in mind Bidstack was valued at 30p per share before the premium being paid in the reverse which was approx. 45%.
I agree with you in that some existing may be sellers but key shareholders have already had their sell orders filled at 6p from funds raised.

Stock reported at 10p after hours.......
Will open 10 - 10.75