RE: Tommy W Bashing bids 24/719 May 2020 03:02
chilipepper, to answer your question.
RNS 4th of May.
Bidstack Group Plc (LON: BIDS), the native in-game advertising group, announces its audited results for the year ended 31 December 2019.
Financial Performance (poor, very poor)
· Turnover of approx. £140,000 (FY 2018: £316,000) reflecting the strategic decision to focus on significant development work
· Cash balance at 31 December 2019 of £3.1m (31 Dec 2018: £2.1m)
· Adjusted loss before tax of £5.3m (FY 2018: £1.2m)
Operational Performance (even worse)
· Successful oversubscribed Placing in May 2019 raising £5.0m
Another placing is needed, and needed fast.
How easy is it going to be to raise money in this market right now?
At what discount will it be? I read people quoting 8.5p and even 10p (dream on).
People saying "There is no evidence they are struggling".
Share price going from 37.5p 6th of June last year to 5.75p now.
Just be careful chilipepper.
Many on here can write really well, but can't read.
In-game advertising is an amazing concept!
Management is a whole different story.