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Bidstack
6 mins ·
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Another big seller this morning - Frustrating but the sellers will run out soon.
422,000 and change sold at 9p and 9.04p

I have heard that the market makers have some preliminary buy orders in readiness for open - May lead to a small up tick in the price if no sellers found to match.
We shall see.

Understood.
I never saw the RNS.
I don't think shareholders have been offered the chance to subscribe as common practise is to ask new institutions/high net worths to subscribe.
Will the issue be oversubscribed. Given what bidstack do for a living, I would hope so.
Given what happened last couple of weeks on a similar issue at Argo Blockchain, it is key that existing shareholders do not 'dump' stock or we will see the 6p price fall away.
Will they raise £5m - Maybe, but I doubt it - as that may give new shareholders too much of the company?

Late print at 10.06p.......... 100,000 shares
I think we are getting to the end of the shakeout. Legacy holders who got stock at 8p are either now holders of they are out....
Finally start seeing the price tick up next week.
Target 12p by end August.........

Hi Themis.
Your information sounds accurate and interesting that you posted today.........
Did you get a call?
Just curious as the days are ticking away and I guess my worry is silence is not always good, however I remain quietly confident.

Agree Gizzard, having raised significant cash at 16p then the company has around 14p per share of cash against a purchase price of 9.2p.
That said, cash is allocated on project spend so will not stay that way, but given significant buying interest at 16p I cannot see why they languish at 9p.
Happy to hold stock at this level.

Hi Louis - I understand your frustration but both KIN and Bidstack have every incentive to get this done.

To fail now would mean:-
- KIN de-listed but they would get a payoff from Bidstack on the £400,000 loan as it would become payable
- Bidstack other than the loan repayment would have to pay legal and third party fees maybe as high as another £300,000 plus
To fail leaves two losers......

My guess is they will get this done. I am 55/445 in favour at the mo.

The share price continues to fall albeit on low volumes - Just the 237k reported so far today.

The share price is still following KR1 and will continue to do so until the Crypto market stabilises.......

Guessing that a lot of hard work is being done behind the scenes now and the days count down quickly from here.......
Fingers Crossed but disappointed that so little news is being made available.

Just the 9 working days left if a listing is to happen on Thursday the 30th August.

I have just purchased a decent chunk at 9.8p - Half reported and half on the market makers book.....
Average down at below 10p seems sensible given what was raised at 16p just a couple of weeks ago.

I think the market finds stocks like this difficult to value and as such market makers will lower the price as they see sell orders. The prints are predominantly sell so it will stay weak.
I have noticed that ARB is following almost to a tee the share price of KR1. KR1 being a Crypto fund and currently sits at 9 - 10.5p....
KR1 in turns mirrors the Crypto market.
I don't see anything to worry about accept ARB announcements.
In the short term this stock will meander until good news is announced OR one institution decides it wants to own shares and simply looks to but £250,000 or more.

Yep.End game is close now and will obviously go one way or the other. No middle ground now.

I am still confident of a deal and hope to hear further news sometime soon.

Just the 12 days left including today. The silence is deafening.
Anyone close to the situation?
Bidstack are continuing to post Football Manager and general esports updates on various sites.

The year to end June has been and gone and analysts are starting to second guess the numbers.

GFinity are planning to announce their year end numbers as late as they can so guessing it may be November.

So what are the analysts looking for:-
Revenues seem to range between £4.2m and £4.9m
Costs is the concern - Forecasts coming in as high as £19.5m whilst the lower end hope and pray costs stay below £15m.....

All in all there seems to be a big loss coming and analysts are hoping this set of accounts will not be too painful.

If you have traded through a retail broker like a HL, then your trade may NOT show as an LSE trade report.
This is simply as the broker on the other side of your trade may have traded in a principal capacity and thus they would not report.

Some great names here.............

Name Ordinary Shares Percentage of Share Capital
Durban Holdings Ltd.* 38,700,000 13.17%
Banque Heritage SA 28,125,000 9.57%
Miton Asset Management 25,000,000 8.51%
Hadron Capital LLP 15,625,000 5.32%
Adrian Beeston 12,600,000 4.29%
Second Wave Capital LP 11,716,604 3.99%
Janus Henderson Investors 11,000,000 3.74%
First Equity 10,000,000 3.40%
Ironport Blockchain Financial 9,000,000 3.06%
Jupiter Asset Management 9,000,000 3.06%
Gil Penchina 1,000,000 0.34%
Timothy Le Druillenec 437,500 0.15%

Interesting article - all very positive.
Argo Blockchain PLC (LON:ARB) will have the capacity to serve 31,752 subscribers in the first full year of operation, according to Align Research
The figure then climbs to around 140,000 by year two.
Having the requisite equipment will be key to keeping pace with Align’s financial forecasts.
It expects Argo to turn over £3.5mln in 2018, rising to £36.2mln the next year and hitting £271.6mln by 2020, by which time underlying earnings (EBITDA) will be £158mln, up from £20.8mln.

Align rates the stock, which was listed at 16p, a “conviction buy” up to 36.84p.

That all sounds rather bullish?

17 working days to go and we will know one way or another how the Bidstack reverse into Kin Group unfolds......

One thing for sure is that NO deal is likely bad for both sets of shareholders.

A cost to Bidstack should it not happen and likely the end for Kin Group.

Any news would be welcome.

No market maker of experienced investor would go naked short in a stock of this nature. Tightly held and not available on a Repo or SLB..... So they cannot cover their short......