RE: Funding5 Apr 2020 13:07
Countdracula55 Thank you for bringing my name up. I had decided on Friday not to bother posting on this board until i have invested, Mainly because i have people who i correspond with on a personal front and its not fair on them debating my views, So decided to take a break and then i noted my name on here saying that my days are numbered, You know i like to wind you up on here, I can give and take, So before i go, i have a Number of points
1. Funding
2. Revenue
3. James Draper
4. cash burn
5. Communication
The list could go on.
It doesn't matter short term on the share price, It might go to 16p this week or 36p buy the end of the month, But at the end of the day, Its about bids generating revenue and to do that , they need money in the bank.
Once Bids starts to generate revenue which is greater than cash burn, Bids will take off, But thats not now, Any new deals will take ages to generate enough cash to cover costs , So the next trading update in September will be key.
IMO Bids needs 10M Cash to see them to profit
BTW, JW speaks about bids on his weekend podcast if you want to listen., Just shows how wrong JD could be with his ramping
Good luck in here and i hope your RNS drops in the morning