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I mean LOTM sounds like he/she has been investing for a few weeks as seems clueless and out of their depth. Still gave advice to other mug punters. This was on advfn at 2.2p
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Someone has offloaded a few, so if your wanting a top-up best to get the stock while you know its available.Or hover in case it goes lower.
You carry on your way LL and I'll carry on my way not my thing normally but I've green coffined you and suggest anyone that doesn't want to see my posts does the same to me.
Just click the filter tab button just above posts and enter the exact (case sensitive) name of the poster
Yep the 2 rampers on here shut down any voices of reason and egged others on to buy more when a raise was nailed on. 2phevs posting about likes on LinkedIn FFS, it's a business network and business is incestuous so likes etc mean feck all as do the rampy posts they've put on LinkedIn for YEARS, any material news has to be subject to an RNS.
I guess it is to be expected that AIM investors are in for a quick buck and on to the next one, and the next move in share price HAS to be meaningfully up, but if ppl can't handle their investments being down 50+% then maybe they shouldn't be investing in AIM stocks in the first place. While the latest placing price was a completely crock of $hit, if you are a LT investor, and not a retail bandito, than raising cash or waiting for clients to onboard and scale, while unwanted, is all jst short-term noise, as long as the LT prospects remain in tact - which they do for now. We can all throw around opinions on unweighted pipelines, guesstimates of breakeven dates in 25, H2 sales > H1, how much programmatic revenue has been booked or not, the likely rubbish terms of initial contracts and time to ramp up etc. But we know nothing. Trying to say the company is a lifestyle company, and mgnt are on the take, and that it is anything comparable to the company it was 3 years ago is just nonsense, and while MIRI has always had massive potential, and they do sound like a broken record, it has a very different kind of potential today vs 3 years ago. I feel for those who will likely never re-coup their investment here, but the resentment needs to stop and we all need to stay more LT focused and adjust accordingly based on developments that impact the LT picture, not the next 3 months.
Buythedip I only resent the chuckle bros egging all on to buy when they clearly have little experience in AIM PLCs, nor do they know the basics re accounting, AIM rules, role of NOMAD and thinking the BOD had other finance options except a crap raise although they spout mates rates. It's embarrassing and to waste time emailing such things and writing on LinkedIn would put people off investing as you'd think the co attracts numpties.
Another raise in H1 next year bang on, the question is i the share price higher and if programmatic continues to have slow take up it will be painful. Also, given their pathetic balance sheet and cash burn anyone thinking they might infringe on the IP won't care as there is no way MIRI can afford the lawyers to defend it.
Buythedip 3 years ago turnover was over 20% higher and they said this in the annual report -
60% Top 100 global advertisers are clients
Growing number of global RFIs
and RFPs
80/90% Major USA entertainment companies/major broadcasters in the UK, France
and Germany Partnerships, negotiations and engagements
The above was 3 years ago when they had some 200m shares in issue and soon to be 1bn with less revenue and more talks of break even at best IMO in 18 months so another raise needed and what nearer to 2bn shares??
And in that year you'll see just the CEO and CFO's packages were over £1m so close to 50% of total revenue FFS
And the next year revenue declines a little so their packages are worth over 50% of total revenues. Nah not a lifestyle business at all. Stephan in his previous roles would have been on £200k max, he's had a great time spreading the jam
Again, a very different business to where it was then. Yes, lots of fluffy stats then on engagements and % of market, and to a degree now too, with US partnerships. The China exit and US pivot explains the revs comp you mention and a large reason for the current share price dilution / shares issuance journey is response - it's hard to truly understand how this all unfolded. We can be cynical or not. Agree that a clearer picture on remuneration structure / current holding would be good for us to see, but a CEO getting paid is hardly cause for rebellion. But all these questions / concerns will have been put to them by M&G, Rathbones/Investec, Odey AM (b4 bust) and they seem satisfied for the time being with nobody running for the exit. They will have have to given them better reassurances / insight into revs and breakeven points. While not the most compelling reason to remain invested, it does matter for the time being at least. Getting taken out from here has real legs. The knee-jerk attempt a year ago to find a buyer was far too short a window to find a serious prospective buyer, and another poor step by mgnt most likely. Agree, you'd wonder why it hasn't happened yet, but MIRI / VPP are still flying under the radar and DD by massive corps takes time.
why do butt heads, repeat spin and repeat garbage...
utterly bile...
if you invest, don't complain if investment goes down...
whom are these people trying to bull****e? themselves?
why if over night you lose 50% of investment, because of greed. i'm sure allowed to vent my feeling's.
just sit their and take it my son, 😂
too many prison mentally idiots on here, just take it my son, same again tomorrow.
Just to give everyone a brief update :-
I finally had a fairly lengthy conversation on Thursday with one of the directors. They heard my message, I'm not sure what the full board will have made of it, but it will have given them more context to the lengthy list of questions they have received from me in a number of emails & they know I want the answers to go to all shareholders.
During that conversation something was inadvertently said in one sentence & on my own reflection, I believe that it might be considered (& I emphasis might) so as a precautionary measure I will be refraining from buying/selling Mirriad shares until the GM where it should come to light ( or soon should it come into the public domain before then).
I have had one response from Allenby Capital to date & the purpose of that in my view is try to distance themselves from the matter before I'd even sent in a much more formal email. I then sent them a much more detailed email to which I have yet to receive a reply.
I'd like to say a bit more, but I don't think that is the right approach for now.
I am pressing on with all the things that need to be done ahead of 23rd May, against many headwinds that are in the way. If there is anything substantive to report I will do so, but it should be to everyone in RNS's.
If you've not already emailed the company then I suggest you do so, & also start to contact your broker ahead of the 23rd to say you want to either attend the meeting in person & want your shareholding available to vote when there or that your going to be submitting a proxy vote.
LOTM
Sorry Everyone,
What I should also have included in my last post was the message I was conveying to them during that conversation.
That the company is totally disconnected from private investors, it has not engaged with them in any way, let alone in a meaningful way for 6 months plus. Now it has alienated & angered the vast majority of its existing private investors, with the price & size of the placing & any trust that had existed previously has now been totally destroyed.
All because Mirriad hasn't taken them on the journey with them, by not explaining clearly how the pieces of the jigsaw fit together, like the various pieces of Programmatic from the Content providers side of things to the Sales side which is meant to be the last missing piece of the puzzle. That then take you from "Manual" mode to effectively automatic mode.
The total lack of key financial information in the placing document like the End of March cash balance or Q1 sales Revenue & especially the lack of a projected break-even target date (by quarter in 2025) as realistic future guidance of how long funding will be required for.
That the £2.8M number was a big & meaningless mistake. It was given without context no notes as to how it was arrived at. Has only confused investors & many think that is going to be the max revenue number for the year, when in fact new ad campaigns can be run at short notice & some revenue not in that number could indeed still occur in Q2 , never mind Q3 & 4.
The information that should have come out earlier around C4, Sky & the other 32% of USA content providers.
Lastly the terrible timing of it with Upfronts24 due next week.
LOTM
An update for everyone.
A further email was sent to the company & no response has been forth coming at all (either by RNS or Email).
It is clear the company is going to brazen it out until the GM.
So I'm pretty sure it will be a long meeting, while all these questions are answered & enter the public domain.
I received an email late yesterday regarding another of the avenue's I was pursuing, it wasn't the answer I was hoping for. I'm not going to say any more about it for now, history will no doubt be its judge.
LOTM
Hi LOTM I can't travel far at the moment my mother in law has just broken her hip and I'm currently a carer for my wife who is her only child..
Are you attending the GM?
Different outlooks here aside James, that sounds more than a little difficult so wishing you and your family the best.
Hi 2phevs,
I'm sorry to hear of your family troubles, hopefully they ease soon for you. So take care.
I'm trying to sort out travel etc over the weekend to see how feasible it all is etc & other things as well.
If I am there I will be asking lots of questions that's for sure.
LOTM
Hi LOTM thanks for your concern
If you do make it can you push for an answer on how far Mirriad is with SpringServe (part of Magnite now) they were recently announced as partners with TripleLift for Amazon and yesterday announced as supply side platform for Netflix
I tried to get some feed back from a SpringServe exec yesterday who announced the Netflix on how partnership is going with Mirriad he looked at my profile and deleted my very nice comment strangely
Also (I'm sure you would anyway) the cash position and invoiced revenue to date
I'm happy that Harmonic and Amagi are still working with Mirriad as I've had that confirmed by the company and independently but can't get anywhere with SpringServe/Magnite hoping that could be the big secret that Mirriad is not allowed to tell anyone about
Oh yeah could you push for confirmation that Canela is the WBD guinea-pig for this summers start of programmatic and how long they've been testing it and are the results now 100% after the extra boost from MSFT AI that was mentioned in the Allenby note I would be there myself if I could
Hi 2phevs,
I know your very enthusiastic & want to discover more, but this is not that type of meeting.
I doubt they will answer any such questions at the GM & if I do go by the time the meeting is finished, there is no way they are going to want to speak to me at all. I will be persona non grata - end of story.
Its not the same as attending an AGM where you could easily ask your questions & get lots of answers.
This meeting relates to all the financial stuff around the placing, that is the area they will find hard not to proved answers to.
LOTM
Sorry been at hospital this evening LOTM
Yep I know this GM is all about the placing but if the CEO is there he does love to engage (I've had lots of it recently) so pretty sure if I or you was face to face he couldn't help coming out with some answers but if your not going then no worries hopefully I can get some timeout to go the AGM soon enough
Hi 2phevs,
hmm been at hospital doesn't sound good :( hopefully everyone is ok, take care.
LOTM
Well this will just have to get added to the list of questions that have still to be answered.
https://www.linkedin.com/posts/mirriad_as-leading-networks-include-mirriads-virtual-activity-7193594600161226754-xqFN
Not a single mention of Mirriad by name in any major upfronts24 presentation
LOTM
Yep that was my final email to Stephan Upfronts more like nofronts..
Agreed on Paramounts Pluto VPP rollout with Canela they have exclusive rights in most Latin American countries along with the recently announced WBD Canela exclusive Latino partnership this would be an amazing adaptability and suitability showreel globally for the company
So Canela said no other major US streaming co working with Mirriad at the mo which confirms the 2 year testing that Disney signed up to over 3 years ago was not extended. That seemed obvious as there was no RNS re an extension but it's been confirmed which doesn't bode well IMO. No wonder revenues and pipeline so poor.
If Mirriad can access 0.1% of Latin American TV ad spend through the WBD Paramount link-up with Canelas Mirriad VPP rollout then Mirriad hit the $4 mill net revenue... 1% which was shown in a slide on last years presentation would be $40 mill net according to statista
In 2022, TV ad expenditure in Latin America amounted to 13.22 billion U.S. dollars and it is expected to increase to 14.66 billion by 2024
https://www.statista.com/statistics/735923/tv-ad-spend-latin-america/