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4 types of Tech were touted at Newfronts VPP being one of them
Independent article
📓 The Creativ Brief: 2024 NewFronts Recap
https://www.linkedin.com/pulse/creativ-brief-2024-newfronts-recap-wes-morton-hutac?utm_source=share&utm_medium=member_android&utm_campaign=share_via
Thought I'd taken LL's advise when I first saw this but no it's real.... the CTV Lead, Agency Exchange Partnerships at Google just suggested that Mirriad should be put on a list of top exciting early stage CTV AdTech companies that they've come across recently...
Here's the person
https://www.linkedin.com/in/esrabacher?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app
Here's the post that she suggested Mirriad go on
https://www.linkedin.com/posts/paulgubbins_ctv-streaming-avod-activity-7192192489095675904-wuTN?utm_source=share&utm_medium=member_android
Enjoy your weekends all. Maybe try some shrooms. If not come Tuesday read past REGULATED RNSs as opposed to making yourself feel good re LinkedIn or indeed look at their LinkedIn posts from 3 years ago. Same old.
Anyway, a good weekend to all.
It cut the last bit short it should have read
Nic Hellyer, CFO at Mirriad, said: "Our operating profile is changing fast. Revenue generated in 2023 reflected the fact that the business was still operating in 'manual' mode, with less than 10% of the key US market. With the majority of that market now under contract or in serious discussions, a firmer starting pipeline for revenue and multiple programmatic integrations underway to change the way inventory is sold, we are focused on delivering a substantial improvement in performance in the current year."
LOTM
2phevs,
I would take that with a pinch of salt, they don't want the Nomad looking into all that has been going on.
There is no trust with shareholders, that went out the door with this ridiculous fund raising.& the comments there happy to make else where but not in an RNS.
I would strongly encourage you to contact the Nomad & everyone else to do the for that matter. The August Presentation & what they have said & portrayed simply don't add up.
Not to mentions posts about profitability & blast off rockets.
From24 Jan Statement
"Programmatic testing continuing with five partners and is on-track to contribute to revenue starting in H1 2024."
"these new Agreements mean the 'Mirriad-inside' strategy of integrating in-content advertising as a new standard advertising format across the entire TV and video media ecosystem is now gaining significant traction, ahead of plan."
By mid-2023, market building in the US had resulted in a total Mirriad roster of over 60 partners, representing around 8% of the US TV advertising market. This increased in Q4 2023, with the addition of a further 17% share via Agreements with two significant new partners. The Company is in active negotiations with two more majors in the US representing an additional 30+% of potential market share, and there is the prospect of further notable additions in the first half of 2024. This represents a phase-shift in the scale of new partners - Mirriad is now signing US 'majors' and 'super-majors'.
Accessing this significant level of market share with partners who distribute premium content to large audiences across their linear channels and streaming platforms signifies an important moment in scaling the new advertising format that Mirriad offers. The Company is also at various stages of programmatic integration with five key media players in the US market. Activation with the first of these partners is expected to occur in H1 2024.
2023 trading update
Total revenue for FY 2023 is expected to be approximately £1.8m, representing a 31% increase on FY 2022 (on a like-for-like basis excluding revenue from China). Approximately £1.4m of this was generated from the all-important US market. The Company closed the year with a cash balance of £6.1 million, with outturn average monthly cash burn in the second half slightly improved over management expectations with efficiency improvements achieved ahead of plan.
Nic Hellyer, CFO at Mirriad, said: "Our operating profile is changing fast. Revenue generated in 2023 reflected the fact that the business was still operating in 'manual' mode, with less than 10% of the key US market. With the majority of that market now under contract or in serious discussions, a firmer starting pipeline for revenue and multiple programmatic integrations.
LOTM
Now looking like fat finger trouble !
3 x 20M all with the same time stamp & size.
LOTM
Not to sure seems like they're very close this is a bit of a reply I had from Stephan back in March when I pushed on disclosure
We are well aware of all the AIM rules, we are controlled by our great Nomads at Allenby, and -as I’ve repeatedly said- we are very grateful for the trust from our shareholders.
I hope this helps!
Best
Stephan
Bit of a mickey take "trust from shareholders" bit hey LOTM
#MATESRATES
I think we should start
I hope other's follow suit & get in touch with the company & the nomad to make it very clear to both of that this is totally unacceptable. They will soon realise the mistake they've made.
You could virtually copy 2phevs post & just adjust it slightly for your own situation & any additional questions you might have.
I can tell you for sure that I've gone much further than that & I've reached out much further than that as well.
LOTM
2phevs,
No worries on that front.
I would suggest you contact the nomad as well & make them aware of your concerns, I certainly have. Especially around what has been said through other channels & not through RNS disclosers.
I've also pressed the Nomad on there belief that the terms were fair & reasonable to existing shareholders.
LOTM
2phevs I can see your 100% onboard mirriad
With you much conviction in this company
You mentioned yourself +2
So your heart felt investment has also convinced family members.
This is why investors are leaving UK stock market in droves, people have lost too much.
Something has to change
I've used a few of your points LOTM hope you don't mind
Good questions there 2phevs.
Yes I've sent this
Hi Stephan
Got to say I'm flabbergasted at the placing price thought the company was worth more than that. Such is life for me+2
I would really appreciate some feed back on the following being as ii's have had a lot more.
What is the cash balance at 31st March
How much of the unweighted pipeline is booked in
Has any programmatic sales been done as the Fundraise info seems to intimate that everything is still manual also if this is the case is programmatic going to commence in H1 or H2 and is it just going to be Triplelift it goes through leading to partnerships with SpringServe/Magnite, Amagi and Harmonic now ceased.
Have you looked into invoice financing or UK GOV trade credit for exporters
Which part of 2025 is guided for breakeven
Why have things changed so much from slide 7 & 16 of the Aug 23 presentation
Why didn't Mirriad announce the C4/Sky Microsoft webinar (as promised) Canela engaged with 2 other US Super Majors representing 87% of US market and probably other info before the Fundraise allowing Fundraise to be at a potentially higher price
Why didn't the company wait until lots of partner VPP revealed at Upfronts in 10 days
I think ii's that participated in the Fundraise would of had answers to at least these questions and I think retail investors deserve the same me and my family currently hold over 6.5 mill shares
I would really appreciate some kind of reply
Mates rates, thought that at 3p. Someone wanted out, 20m at 1.25p so not a forward sold profit taker
Personally I do believe, AIM regulations have to changed...
Investors and the company workforce should always gets 1st dibs, as they are the ones , who have shown commitment to the company's future.
On the pipe I've seen proof from allsorts of outlets how tough it's been getting these AdTech platforms up to speed let alone getting VPP into it and it seems Triplelift with their innovative proven adformats have cracked it with a focus on DEI&B I just hope this is it about to take off for the mates to get in
2phevs,
I hope you've taken the time to make some phone calls & send of a few emails to let them know just how unimpressed you are with this fiasco.
I certainly have & waiting on some feedback before deciding on the next moves.
LOTM
I wasn't worried I thought a raise could be possible along with everyone else here but I just didn't think it would be done for new mates and ii mates at bloomin MATES RATES LL
You could say that stampee
I apologise 😔 7 million
Don't take it out on the dog, instead take it for a long walk.
Guessing you didn't sleep to well last night
Could be IP GROUP probably not participated like the 3p raise last year lthey haven't got many listed liquid assets left like their mates at Parkwalk who just do uni spin offs now
7million shares, okay no wonder you post so much. Genuinely, I hope this comes good
2phevs as Mirriad have stated there are increasing numbers of competitors. If their IP/moat was that strong they would have been bought. We're going round in circles and if you're not concerned about £2.6m in an unweighted pipe you don't learn. Mind you I told you a raise was imminent and you weren't worried then. Good luck, you need it
7 mill shares actually stampee so yes hard day to swallow
So someone has just sold 20M share or over 4% of the company in a one'r.
Can't be very many possible sources of that sale, that's for sure.
LOTM