Member Info for warrantwatcher

Marbur,

In the last few posts I think the real crux of the matter is there, basically the business to date has failed to deliver against its promises, that is a fact that you can't debate. For me its more a case of why that's happened, is it a case of blatant lies or a case that they've called things wrong and shown their hands too early when giving timelines ?

Personally I feel it is the later, which is the lesser of 2 evils and somewhat compounded by Minty clearly dripping out snipets of information to influential holders that have then trusted Minty's word, at their own cost I would add. I would guess that nobody has lost more in in the last few months than LT with a share holding of some 75m that holding has reduced by close the £375k since the AGM

I guess it is summed up in your post when you say " lack of transparency & honesty from the board " I had hoped that with Graham coming in that this would have been fixed, I'm not sure that is the case yet, nor has their been any deals signed. However the comms are now far more detailed in what is going on, with this I refer to the details given on the GTW opportunities being progressed, now more than ever its about getting ink on contracts that generate income and I feel they now have a deadline to work to as the funds raised recently won't last for long.

I am still holding onto everything that I have here and last week took profit in another stock and picked up some more here as it helped me average down a touch.

I am hoping that we get confirmation of the GTW deals before the Open Offer expires, as that will be some sign of support from the business to the LTH's which would be a clear change in direction. Then shortly after there is further updates on progress on some of the other areas such as Brazil & GH as everything has gone quiet on those fronts.

Wilson, I think that there is some confusion as I think the FM19 is impressions not £ revenue

Doc H is saying on twitter things are about to change at URU

Wolf, yes that is the link in the tweet that Bids sent out, I do see that there is a possibility of Bids into Fortnite as you move around the various landscapes it would be quite natural to have some form of billboards ?

Even if nothing comes from this the overall space that BIDS are in is growing day by day

OK thanks - got it.

Its the RNS of April 1st - details are the 2nd May at 14.00 at the offices of FTI Consulting, 200 Aldersgate, London EC1A 4HD

Admittance is limited to those who register their attendance in advance by notifying MRSplc@FTIconsulting.com

I would also add that the required permits haven't been issued is the real issue, if they had been issued then the SP would be in a better position.

This share is just full of empty promises & hot air

Ian B,

Where did you get the information on the meeting in the UK on the 3rd May ?

Interesting that the company twitter account is mentioning Fortnite, not seen them do that before. I wonder if they are leaving clues for us ?

https://twitter.com/search?q=%23bids

I would also add that the board are heavily invested in here, James Draper the CEo holds 20.7% of the stock, and Fran the CTO holding 4%

This is always a positive for me that the guys in charge will make their real money in the same way that us Share Holders will

Its a case of speculate to accumulate ? how anyone can expect a company to be built without expenditure is lunacy, its then ensuring that it has been spent appropriately and not wasted. I am far from Mintys favourite person but when we know he has personally bank rolled the business in the past I get a sense that he has belief in this and that one day, hopefully soon, it will all come together.

VanVan,

Welcome to Bids.

In my view you are asking the right questions. Some of the answers - the business is forecast on achieving break even in October, in the last update this was confirmed as still being valid but some of the H1 revenues have slipped back into H2. I am not sure that cash is required to meet the current plan, but there could be a need if they wanted to accelerate the growth plane. The technology is pretty much in place and the development heads are also there, but from a headcount perspective it's not a big company and some of the resource are Eastern European based so come at a lower cost and high skill set.

After the conference in SF a couple of weeks back there is anticipation of how Bids will feature in the new world of Gaming that was launched. Also there is a strong link to F1 as it is from the same house as Dirt which has already signed up to Bids and is getting very positive response.

What is key is the impression hits on the games already using BIDS, as this is what in the short term will drive the revenues, with Football manager being the 1st, Maybe worth looking at @MilesSI on twitter as he will often post the numbers of players and where that is in relation to their planning and the previous titles.

My personal view is that there is lots of news to come and that to date we have seen the absolute minimum released, and James has alluded to this in the recent Podcasts, that they are bound under NDA or they don't want the potential competition to get wind of their progress.

I also see that the potential here is in the Esports side of things or SnapChat moving into gaming - there are so many ways that this could go, and due to it being a systematic approach it will scale up very quickly and profitably.

Hope that helps you, but the best thing that I can suggest is to go listen to the last few podcasts as you'll get a far better sense of whats coming

but how many more shares are in circulation now compared to Sept 2017, people forget the impact of the dilution ?

either way the SP should rise ONCE things are announced through the official channels, but I seriously doubt to the levels people have been hanging onto, personally over 1.5p and I am fully out

Kenj,

Spot on with both points, no doubt some will take cheap jibes and ignore the valid question you raise here, the fact that none of the BOD have put any material skin in the game over the last few years is enough of a reason for me not to add here, clearly Colin & co thinks he is better served by just drawing his salary than investing in the business ?

He's had plenty of chances to IF he believed it was a sound investment

I would urge ANYONE holding here to ensure that you have voted against the resolution and get confirmation from your broker that they will vote as you request.

I am led to believe that if they have multiple clients holding the same share they sometimes can vote on block for their overall holdings, not sure if that is correct or not but I would urge you all to check and get confirmation way in advance of the meeting.

Don't leave it to chance as this isn't another Brexit scenario

I'd say it spiked Friday up from 6 to where it is now ?

I'd suggest it would be wise to wait for official notification and a real recovery in the SP before the back slapping ?

You know full well that any rise is sold into as the large number of holders queuing up to exit take the chance and fearful of the next cash requirement being met, gone are the days of people dreaming of 3.5p minimum ?

Spot on & I am exactly the same.

Seeing the LTH's / Cultists jump onto a loosely worded RNS yesterday was not a surprise

Yes, I find it amazing that some people really don't know the power of technology. Nothing on the web goes away, its just a bit harder to find, but anyone with some semblance of IT skills will find it.

With Leon it really is a case that he was / is Zorbas's puppet as that man doesn't put anything in writing or use social media its all face to face or phone calls, theres always a reason for that, rather like the URU presentation that he gave at the O2 that had some outrageous claims on resource, but he never signed it off for release in the public domain

Remember Colin has said a lot more that hasn't come true.

Love the fact that I am perceived as a troll when it is clear to see that a placing will be needed, how much income is being generated currently ? how much are the monthly outgoings ? granting of permits won't create cash instantly ?

That would be a very favourable outcome, and was my initial thinking / hope, as with everything NUOG I guess its a case of time will tell !