Bidstack (BIDS) has surprising news today of a new investor. Well: shit always attracts flies. Why would anyone buy shares in the market when the company’s FY results out just a few weeks ago explicitly warned of a looming cash crisis and need for an urgent equity refinance? Step forward Timmy Horlick, let me explain.
The media company beloved by cross-dressing IT consultants, Bidstack (BIDS), has published its predictably dismal results for calendar 2021, as well as a massively upbeat commentary from CEO, Lyin’ James Draper. That has seen the shares marked up by 10%, to 3.65p, with a market cap of £35 million. As ever, folks do not read the small print of the notes. Read the fecking notes, morons!
Another day and another RNS Reach from Bidstack (BIDS). An RNS Reach is an announcement that is not financially significant. But I wonder just how utterly insignificant it will prove to be.
Back in April and May of this year, I suggested that serial dog Bidstack (BIDS) was running on vapours. One investor I know put this to the company’s broker who assured him that the company did not need to raise for many, many months and that I was talking shite. Today Bidstack has published its results for the six months to June 30 and guess what?
