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CEO has no credibility. The raise will be oversubscribed given the price but there has been someone dumping for weeks. I do feel sorry for any newbies buying as a result of the incessant ramping here. Anyway, may well come good but always do your own research and read past RNSs. A lot of regurgitation today.
I'm getting out tomorrow, fortunately I have a relatively small number of shares, but I'll wait when (IF) they ever get to breakeven, which may be difficult with, I believe, the CEO pocketing £200,000 + per annum.
As I said I’m not gloating but pointing out it’s not healthy when a BB becomes too rampy and an echo chamber. As you know I’ve been invested for years and when I post a view which is balanced other holders should listen and not have the resident ramper throwing a hissy fit and trying to discredit.
I hope it comes good and maybe the BoD will buy lots of shares and not just a token number.
Well done you LL I'm all in here so seriously down now hopefully this gets done and dusted while Mirriad cracks on with the progress it has made in the last 9 months
This is a lifestyle company, we are all being taken for fools. He's sitting there laughing in some 5 star hotel, with champagne etc massive salary giggling to himself. I'll post some stuff on social media and shareholders will eat it like starving animals.
Last year this same company gave up and was put up for sale as they saw no way forward. After endless placings in the past. No one took the bait and they returned, no sale, no one wanted to buy it. Instantly, they have deals with top tier companies that can't be named. Nothing has changed and nothing will change.
This is a lifestyle company and they are taking us all for fools. 5 million and 50% discount. This is not Sar that has a product in preclinical with results due in a few weeks time.
The cash burn here is ridiculous, no one is using Mirriad. Break even is years away, of possible. There will ne more placings next year. We've been down this road for years.
This is what you gave me stick for writing a few weeks ago -
I’m sure most know money is needed here before end of H1 (for auditors to sign off on accounts without ‘going concern’). I hold here and will buy more once funding clear. If they raise at a premium I’ll have to pay more but given the dire conditions and how hard raises are it might not happen. Potential here clearly massive but the market unforgiving and it’s been said potential massive for years.
Today MIRI wrote -
Shareholders should be aware that if the Fundraising does not complete by 30 June 2024, the Company's annual report and accounts will not be signed off by the Company's auditors on a going concern basis.
Anyway, I’m not happy with the discount and doubling of shares but it was likely and some incessant posters need to take stock and realise others with a different view are being honest and certainly not short.
this was from the 3p raise 12 months ago -
1. the announcements made by amazon and nbcu that they were, or intended, to enter the in-content advertising market;
2. conversations that the company is having with a number of tier 1 content supply businesses in the us. the company is working with five of the top ten largest content supply companies in the us and in dialogue with another four;
anyway, a lot of the same material as 12 months ago and 12 months before that albeit they are now looking to break even next year. all the linkedin posts etc have been posted for years. i’ve been invested here for many years and have seen it all. i moaned years ago about stephan’s package being 50% of the year’s revenue and he has **** all shares. says it all. no skin in the game.
i did call this and recently got stung on avacta which 2phevs thought funny.
anyway, they’ll be over subscribed i suspect given the shocking price and now doubling number of shares. ceo a joke.
Yeah this is terrible. How does Mirriad expect anyone to participate in this placing if they haven’t published Q1 figures or info on contract sizes??
Had a feeling this was coming as the share price recently increased out of nowhere for no apparent reason. Glad I sold for 2.25p earlier this week. Will get back in when SP drops as the company will be funded and hopefully all the collaborations and partnerships news will bear economic fruition (ie: will be meaningfully revenue generative). If I still held shares I would be outraged at the level of discount re the placing price, but this is the current tragedy of AIM, and although I’ve escaped on this share, I have been caught holding the baby on other heavily discounted placings on other shares (ENET and CPX being 2 recent ones). AIM market doesn’t do itself any favours these days.
Stephan Beringer, CEO at Mirriad, said: "We are undertaking this fundraising to move forward from our build phase towards true scale, capitalising on the market power of our growing roster of US entertainment 'majors' and 'supermajors', and our pathway to programmatic delivery.
"As in-content advertising leaders, Mirriad delivers seamless placements in a format that audiences actively prefer, driving new revenue for content owners while also solving the ongoing challenge of ad saturation and ad avoidance associated with traditional forms of advertising."
Doubling shares so 50% dilution. half price issue on REX offer.
no doubt folk will look at #SAR and how that multibagged but... better say something more than the stated reasons for the fundraise.
be interesting to see how this works.
Sorry. My brain is gone today. Take that all back, that's absolutely not great at all..... :-(
It's a 45% DISCOUNT
1.25p so at a premium. That's very good news in my view.
Interesting that the Retail RNS said that the main placing had been announced earlier. They obviously put them out in the wrong order
Could be why that Samsung Deep Tech equity investment guy liking Mirriad post the other day
https://www.sktaifellowship.com/1a4a46bb-0baf-4ac9-8d7c-350914cd921f
Hyundai stating they where jealous of another competitor who got into Hispanics before them
Got to be Mirriads relationship with Lexus and TelevisUnivision here's the post and short video
https://www.linkedin.com/posts/tu-advertising_lacultura-ugcPost-7190759855480057856-r7p2?utm_source=share&utm_medium=member_android
I think someone is helping someone else buy into this stock at 2.0 they must want a big position
Interesting that our seller continues to offload, even in a critical period of potential news-flow.
However, decent buys mopping them up, our seller is providing a good opportunity for stake builders to build without spiking the price.
The markets are closed on Monday so let’s see how today & tomorrow go.
But it's found by research Canela and Warner bros discovery VPP....
Also coming this summer is a relaunch of the app owned by Hispanic multicultural network Canela Media. The Canela.TV app will have new ad formats, including virtual product placement, an AI-powered contextual advertising solution (using the technology to determine the emotional context of a scene for ad placement) and a rewards program. The company also announced a partnership with WBD Conexión Latina, which will aim to reach bilingual U.S. Hispanic audiences. It will provide advertisers with access to WBD content, along with Spanish-language digital sports coverage from Canela Deportes.
Found via Digiday...
https://digiday.com/media/newfronts-day-3-diverse-owned-media-companies-tout-their-multicultural-audience-reach-plus-a-qa-with-iabs-ceo/
I just found these, but have no time to listen to them & I don't know how old they are either (its in 2 parts)
https://martechpod.com/episode/in-content-advertising-in-streaming-stephan-beringer-mirriad/
https://martechpod.com/episode/in-content-advertising-in-streaming-stephan-beringer-mirriad/virtual-product-placement-stephan-beringer-mirriad/
LOTM
Sadly I'm not going to be about most of the day, but after watching the Albert Thompson video on LinkedIn (which Mirriad should be posting / liking & commenting on) I decided to try doing a search with the wrong spelling that was in the video "Myraid" I then found this -
I know 2phevs mentioned Amagi recently but this is a good read
https://kerv.ai/amagi-integrates-mirriad-ai-tech-for-dynamic-virtual-product-placement/
The 2 articles are virtually the same
https://www.streamtvinsider.com/advertising/amagi-integrates-mirriad-ai-tech-dynamic-virtual-product-placement
The problem from our perspective is that there are several other things out there using Myriad :( A forum that talks about music & dynamic placement within that, A piece of software & A mining company. :(
So any Investor using the wrong spelling is not going to find Mirriad very easily. Which is annoying.
GLA
LOTM
Great research guys. I always have one eye on the stock screen and one on work, so don't have the time to do proper deep research. It's great to be spoon fed.
Much appreciated. Keep it up.
Some amazing impressions stats and looks like Mirriad picked the exact correct 1st 2 US Majors..
BTW HBO MAX is WarnerBros Discovery
https://www.linkedin.com/posts/stephan-beringer_data-paramount-leads-us-streamers-in-ad-activity-7191461860192247808-y-p-?utm_source=share&utm_medium=member_android
Hi Laura2022,
Sorry its been really hectic here with breaking news
If your reading this I suggest you go to the CNE chat board, I posted a lot of background stuff there with numerous links attached, so you can research MIRI properly without having to dig around everywhere.
If you've any questions then please feel free to ask, everyone here tries to answers each others questions, 2phevs is the main source of knowledge.
Good Luck with your research :)
LOTM
Hi TheSoundMan,
No its not a normal trait of MIRI that I'm aware of.
It's all to do with them posting on LinkedIn & then the Triplelift Presentation News that 2Phev's has found & that Video from yesterday!
This look like it will explode with all the news that's coming & we're not even near the Upfronts Week yet !
I guess there is now an increased chance of an RNS tomorrow & I'm going to be busy most of the day :(