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Sounds really desperate, fair play to JW for setting the scene but JD really didn't come across well at all, danced around questions and was just littered with excuses.
Didn't think it was possible but I have a an even lower view of James competency after listening to the podcast
The kids deluded, case of locking my shares away in the hope that they stumble across a client
sounds like he's lost his energy & drive, the content is all waffle & excuses.
It doesn't matter if we as investors understand or not how the ads are categorized, JD & the team need to work it out - he should have been saying this from day 1 ? sounds like they've been stumbling through this & making it up as they go along, which to a point is understandable as this is a new area.
It's totally James fault he's the one that has set expectations
Draper is not trusted by anyone, possibly even those in the industry ?
While his failure to deliver is 1 thing the fact that he runs away & hides is worse, at least be a man and stand up, I understand that he's now taking to blocking people on LinkedIn if they contact him & do anything less than blow smoke up his ar5e - He was quite happy to lord it up when the SP was rising on his hot air.
Also interesting that the website has very little contact details, 3 days ago I requested some information ( non sensitive ) and so far I've had no response, once more pi55 poor from them
Yes, which whilst provides some respite, however it also causes me concern as clearly there is an inner sanctum working which normally means manipulation of the SP to suit a few chosen ones & the odd lucky PI that catches the wave !
Great news to add another body to the Advisory Committee, but I would challenge what value have any of them brought to the business so far other than by association ?
Until I see evidence of progress I will remain sceptical and of the view that JD is not competent in building & running a business
For me it is clear that James is way out of his depth in the role of CEO.
He has an eye for an opportunity, but he doesn't have a track record in building or running a business and that is now evident in what we are seeing. As CEO he will have known that this was the direction that the business was heading some 6 months ago, if he didn't then he should have done, which for me begs the question about the morality of him selling the shares that he did ?
James has built a decent network of advisors with reach into some serious players in the market, but with an ever growing payroll / cash burn ) and revenues being pushed back now for the second time you have to ask the question is that can he be trusted to manage the business to be in a place to deliver the deals required to get to being a viable business ?
In such a fast pace market it would be very easy to be caught up by competition.
I'd also imagine that moral around the business will be a challenge, as there are some people that have options at 34p & 50p, yet they see their " leader " liquidate at 20p - that doesn't feel like the captain leading the ship ? and yes I am fully aware of the fact that James has many more shares he still holds, but he has also cashed in circa £300k on top of his salary & expenses ?
I think it is time for James to do the honourable thing & step down, take a back seat and get someone that can deliver & communicate to deliver the growth
Agree with the majority of the sentiment on here.
The only current redeeming fact that keeps my faith here is the qty & price that the board have, a lot in the 14/10p bracket even in the case of Derek Wise having his options at 31.75p & 50p ?
I do feel that James has backed himself into a corner.
He can't just release another " jam tomorrow / kick the can down the road " type RNS, as his credibility is already very low and more fluff & spin won't achieve anything. Maybe it's a case that he feels that something substantial is close so worth holding out for.
There is always the less palatable stance that they could have nothing of substance to announce.
My instinct is that James's naivety in comms, combined with things not progressing as quickly as he had initially thought has got us into this position. The proposition / idea is great & the market clearly is there, now it is all about executing that plan, which is where we appear to be stumbling, and with the news black out we are all guessing as to the reason why
?
Maybe the task / role is too big for James to see through to completion & James's ability is the idea's phase & he is not capable of leading a team through to delivering ?
Wilson, sorry no I am not.
My reply was to Swervington the lyricist
relied not replied !
I'd assumed that you couldn't read & replied on cartoons ?
How's Fannie May ?
Wilson, I totally get the need to raise awareness, however the point is that attending these types of events could lead to extra cost, having run a business it can be done for a few thousand £ a time or 1o's of thousands a time, that all adds up very quickly & increases the cash burn ?
Now if these trips / meetings then fill the sales pipeline that converts into deal that generate revenue directly or indirectly then great, but without good management they could become a works paid jolly.
The business needs to focus on execution of the plan & revenue generation , oh as well as improve the comms & investor expectations
Girdz, as they say assumption is the devil, I have been invested in BIDS since making my 1st purchase on March 26th and am fortunate to have an average of just about 11p, well fortunate compared to many others. I have held throughout the rise & fall, I used to have an account on here but through changing my PC I've lost the access, I won't bore you with the details
Hope, please help me see what you are trying to say ? surely my 1st 2 posts have to be about something, and as far as I can see I am asking 2 questions - I would love to hear YOUR answers to my questions ................
Personally can't wait for the AGM, and confront JD for the awful way he has run the company over the last 12 months.
Is there an AIM CEO who has gone from hero to Zero quicker than JD has ?
His contempt & disengagement with share holders is staggering, how does he expect any new investors to believe anything that he says ?
When the Lord Almighty feels that us underlings are worthy of a few more crumbs of greatness, and not before.
I am beginning to sense that he could well be delusional, he clearly forgets what he has previously promised & expects people to just keep believing the narrative that he / the company keeps putting out on social media, he really needs to focus about the hear & now which delivers something that creates revenues quickly to restore faith.
Its all fair & well having an ever growing team that are busy, I am more worried about them being productive & efficient
Personally until the company starts to actually deliver this won't be attracting anymore of my cash, I will sit & wait.