Letter to James Draper2 Jan 2020 07:37
Seems that my letter is now lost among all the utter ramping rubbish, this letter is for all the people who have lost money on bidstack and not only me, so I would hope that you respect my views which is a 100% right and not to rubbish it with your views, this is to James Draper and no one else.
To James Draper
Since you never reply to emails but noted that you do read the message boards, I hope you read this
To be honest with you, i have lost trust with YOU James draper and i have found YOU unprofessional in the way YOU dealt with the tom winnifrith profit warning issue and i feel that YOU just buried your head in the sand over the situation and many people have lost money over your actions since i hold you responsible in the collapse of the share price and you can track most of the drops in share price down to your own actions, from not dealing with the tom winnifrith situation, to selling shares and finally the unprofessional way you released the order of RNS's just the week before Xmas.
Honestly, I like the tech and feel that there is a business there, but i am not convinced on the revenues since we have no idea of what is in all these deals and fear another rise will be needed VERY SOON.
A lot of people bought Bids shares above 25p after YOU were telling people that YOU could see bids SP 20 x what ever price it was when he done the podcast with JW and the talk about bids been a money printing machine.
Luckily, I am not really effected by the Bids since i never over expose myself, but has you know, a lot of people go full on with their life savings which i know is up to them, but many got carried away with the James rampers pod casts., Yes i call you a ramper, because thats what you have done.
At the moment i am undecided to buy back into Bids since i believe that we will be seeing a share price below 5p before the next results, Lack of news, Fund raise, Dilution and the fear of the results.
My personal opinion, What you have done since September is on the verge of criminal, You took no action on the winnifrith profit warning which proved to be correct, You sold shares knowing that the share price would drop more and you allowed a situation of issuing a profits warning knowing the price would collapse and knowingly issuing a RNS the following day knowing that this would have a positive effect on the share price, it COULD be seen to allow market manipulation and allow mates of mates to make a quick buck.
People need to see some numbers in what is involved in these deals since YOU never report these when issuing news on contracts, Like they say , Zero to 10 million could still be ZERO.
To end, I would like YOU to think about the people who have lost money after your ramps on podcasts... how they must be feeling after selling out at 7p after the profit warning fearing of loosing all their money
Deal in bids at your peril, It may come back to bite you, No trust in James Draper at the moment
Yesterday, 1:35 PM