Everything I post is my own opinion
Joined June 2011
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Blad3sharp retweeted
#bids #bidstack #AIM #LSE
We have had no reply from either Draper or Hau to our letters sent to them on 23rd April.
We are discussing next steps with our legal team.
#bids #bidstack #AIM #LSE
Share register of Bidstack Group Plc and director holdings
Yesterday, we sent these letters to the executive directors of Bidstack Group Plc (in administration) following advice from our legal team.
When the company entered administration Draper was NOT a Member (named shareholder) of the company. The share register confirms this. Yet his publicly stated holding was 39,760,562 shares, held in his own name.
Hau's publicly stated holding was 1,125,000 shares, in her own name. At the time of administration her holding as per the share register was only 125,000 shares.
Draper and Hau needed quick access to £800k to purchase the assets of the company from the pre-pack administration. Where did these funds come from?
We continue to follow our legal strategy under the advice of our legal team and will escalate this to the Financial Conduct Authority to investigate when appropriate.
It is a criminal offence to deal in shares while in possession of inside information - such as an impending administration of a company.
Can't hide any more Mr Draper!
#bids #bidstack #AIM #LSE
Share register of Bidstack Group Plc and director holdings
Yesterday, we sent these letters to the executive directors of Bidstack Group Plc (in administration) following advice from our legal team.
When the company entered administration Draper was NOT a Member (named shareholder) of the company. The share register confirms this. Yet his publicly stated holding was 39,760,562 shares, held in his own name.
Hau's publicly stated holding was 1,125,000 shares, in her own name. At the time of administration her holding as per the share register was only 125,000 shares.
Draper and Hau needed quick access to £800k to purchase the assets of the company from the pre-pack administration. Where did these funds come from?
We continue to follow our legal strategy under the advice of our legal team and will escalate this to the Financial Conduct Authority to investigate when appropriate.
It is a criminal offence to deal in shares while in possession of inside information - such as an impending administration of a company.
Please follow these guys. Somewhat similar circumstances to what has befallen #bidstack #bids shareholders.
Well worth reading their website
toyellandback.com
From us all at BSA, we wish them luck in bringing ‘their’ crooks to justice while we continue our work to bring the Bidstack directors to justice
#bidstack #bids
The Bidstack Shareholders Alliance now has 373 members signed up. All of whom owned shares in Bidstack Group PLC at the point of administration. Together, we hold approximately 20% of the shares of the public company.
We have been quietly going about our work. We haven’t gone anywhere. We have made substantial progress.
Our legal teams continue the work necessary to bring our claim to court. It takes time to get everything sorted but rest assured, we are more determined than ever to see justice and a return of what is rightfully ours.
The appallingly brazen manner in which the directors stole our company from us will not go unpunished, nor unsettled.
When we said we wanted our company back, we meant it. Nothing has changed.
We are delighted to announce that we have now formally engaged London law firm Hausfeld & Co LLP (hausfeld.com) to advise on options available to the Bidstack Shareholders Alliance.
For the moment, Hausfeld are engaged directly by one member of the BSA only. We needed to get things official quickly. It is much easier for one person to engage than to send out contracts to all members. The engagement contract explicitly states that Hausfeld can take on other shareholders as clients directly or via the Bidstack Shareholders Alliance as needed going forward.
The exact wording of the engagement contract is:
[The Member] as the representative of the Bidstack Shareholders Alliance (the “BSA”), and any other shareholders whom we subsequently may agree to join as our clients (collectively the “Client”)
We have commenced Phase One which is an investigatory phase to determine what form our case will take and against whom. Hausfeld are advising alongside a King’s Counsel and a leading firm of forensic accountants on valuation issues. This phase is for evidence gathering and case formulation only and no formal court proceedings will commence during Phase One.
When we progress after Phase One we will need to contact all members of the BSA to get all paperwork sorted.
We are up and running. We have momentum. Please publicise and retweet far and wide. And if any shareholders have not yet joined the BSA head over to bidstackshareholders.org where you will find a link to a sign up form.
#bids #bidstack
There's a new version of this post
#bids #bidstack
We believe the Bidstack pre-pack administration process was abused and the outcome engineered to benefit management and prejudice shareholders
Large group of shareholders now organised, engaged and actively supporting the actions being taken
Received legal advice of a strong case for an unfair prejudice claim against the directors of Bidstack - aim to recover all shareholder losses from directors and related parties
Significant public and private evidence now being collated to formalise legal opinion and secure litigation funding (positive discussions ongoing)
Expect that legal discovery from civil case could lead to criminal charges
Follow us for updates and to support this important action as we aim to recover damages for shareholders and reset UK plc’s relationship with retail / individual investors
Please retweet far and wide
@cityam @thefca @uksfo @insolvencygovuk @theengappeal @mhmembers @LSEplc
Https://www.bidstacksharehol…
We are in discussion with a leading law firm in London which has considerable experience in shareholder disputes with the aim of pursuing the directors (and others) through the courts.
Join the fight please sign-up to join this action here. #bidstack
Doesn't seem like @dovetailgames think much of #Bidstack either does it? This almost sounds like Bidstack were paying them as a publisher to integrate the SDK - wonder if this was the case & its where all the money has gone! If this was the case I cant recall them informing us?
Many angry #Bidstack investors are mulling legal action after execs bought the Aim-listed firm out of administration.
One said shareholders have "been completely thrown under the bus as though we never existed."
Latest w/ @CharlieConchie for @CityAM cityam.com/out-of-pocket-bid…
Looks like @turborilla have just removed Bidstack SDK from Mad Skills Motocross 3 too! Don't think any of us blame them really! - not sure who would want to be associated with #Bidstack now after all this😬Wonder if @EA @EAMaddenNFL will follow and remove from EA Sports Madden?
Many angry #Bidstack investors are mulling legal action after execs bought the Aim-listed firm out of administration.
One said shareholders have "been completely thrown under the bus as though we never existed."
Latest w/ @CharlieConchie for @CityAM cityam.com/out-of-pocket-bid…
If you were a Bidstack shareholder at the time of Administration please fill out this form in preparation for potential legal action. NOTE: you must have been a holder at time of administration. We are discussing with lawyers. #bidstack
form.jotform.com/24086236159…
The more shareholders we can include in any potential legal action, the more financially viable the case becomes and hence it would be easier to raise litigation funding. Your data will be kept encrypted and not shared with any third party at this time.
Washington Commanders now showing their own sponsor advertisements in Madden 24! Below are the two sponsor partnerships that were agreed late last year that are now clearly advertised and a screenshot of Madden. #BIDSTACK #BIDS
commanders.com/news/washingt…
commanders.com/news/washingt…
