Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I suppose the next move by Draper will be to re-RTO Bidstack under a new name. Say give it a £20 Million valuation, as no doubt some Broker/Nomad will give it the go ahead if they get bunged enough cash. Draper will no doubt own at least 50% of the company and instantly make himself millions from the pre-IPO placing.
Then 6 months to one year down the line, the m/cap will be back down to a couple of million after a succession of poor results and updates and the poor old shareholders will be shafted all over again.
The only surprise is that this is even allowed to happen. It is all rather pathetic.
To repeat from yesterday's post, I do and did not hold any shares here and will not in the future and my only reason for posting is to make an observation of this despicable behaviour towards shareholders.
Sorry to all the longs here, you have been lied to and Draper should be behind bars for stealing the IP, its a shame there is no proper regulation in the UK like there is in the US. What he has done is criminal.
Sorry but if any one ever invests in anything draper, Hau, or Donald Steward are involved in then they are mugs and deserve to lose money.
No one should ever touch anything these guys do, ever again.
Liars and thieves.
Girdz or Helx
Have you submitted any complaints to AIM at all? They should atleast blacklist these criminals from relisting the company on AIM.
What’s Nick Hargraves got to say.
He seemed to start a shareholder revolt ( which ended up being pointless). Maybe he’ll submit a complaint.
After all he has lost people a fortune on this stock.
Ask Dr Coghill
Nick Hargraves is an idiot.
The writing was on the wall for a long time. How many warnings did SHs need, considering they never hit one revenue target. In fact did they ever hit even 50% of any revenue targets? Let alone that swear word on AIM....PROFIT.
But even still, I wouldn't have thought they'd be so blatant. Haven't followed the story for a couple of years now but crikey...am I understanding correctly, he's just taken the IP private and shareholders have lost everything?
I said countless times this was a POS but certain individuals wouldn't have it and defended Draper. Blamed market makers with the usual BS phrases like "shenanigans" or "walking down the share price" or these mysterious "shorters". You couldn't make it up. Finally they see Draper for what he is. Tom Winnifrith was right and AIM holders hate it when he sniffs out bad company after bad company.
From the RNS stating the sales process has not so far produced any tangible or solvent offers, note the words “so far”. In my opinion this dodgy “sales process” was left to the last minute and then deliberately pushed through faster than any serious buyers due diligence dept. Could even get their pencil sharpeners out. The “upwards of 200” merely window dressing as was the fake linked in back slapping where one guy claimed to have even been a shareholder offering up his congrats to JD for pulling it off. Looks like Staff have been dished out shares in the new entity in exchange for toeing the line ? And the administrator went along with it all despite supposed to be acting in the best interests of all shareholders. The whole process needs an independent audit/investigation
True Cambridge but for Tom W. it must be like shooting fish in a barrel as there is so much total sh** on AIM.