By Tom Winnifrith, The Sheriff of AIM | Tuesday 5 May 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The key phrase in today’s research report on Bidstack (BIDS) from broker Stifel is “Stifel does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision.” Put another way, Bidstack runs out of cash in a few weeks, needs to get a bailout placing away with Stifel which will earn 5% commission on that. The report is truly dire.
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