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Gonna be a huge drop tomorrow, 60% .
Daughter asks what best way of earning a good living, hummmm...start a AIM company.
I'll never invest , another £, in AIM ever again, talk about taking the p..s
I must have the worst record ever, so no f...k..g surprise.
Sound, fair enough but this isn’t one that came out of the blue so selling over weeks looks fishy. As I say a raise inevitable. The selling could have been shorts but I doubt it. Some IIs have also been reducing (not rathbones as that’s nominees).
Anyway, short term pain and might be long term gain. Need a new CEO/CFO.
Lovable - You're preaching about this forum not taking into account and dismissing alternative views and then being condescending about mine.
Your suggestion is very possible, intelligent people doing intelligent things. So is mine, dodgy people in a dodgy business doing dodgy things.
Perhaps be a little more open minded ;-)
Sound. If I read you right then I get you. However whilst I have been a cynic no-one deserves that after hours betrayal. The only positive I see is that they did not wait until after hours on a Friday with a Bank Holiday weekend. They have booked tomorrow for early pain.
Bob - I think you're trying to get on a bus that's already full, but I get the impression there'll be another one along soon...
They certainly need to look closely at the identity of the seller over the last couple of weeks.
I’m sorry the above shows a complete lack of understanding. Whoever sold looked at their accounts and knew a raise in H1 inevitable so they rightly reduced their stake. That’s why I said it’s crazy to buy even with stupid LinkedIn posts as a raise en route.
"Am I wrong?"
Sorry. I should have read comments from the regulars first before trying to work it out.
2Phevs
Worth taking leave and get some rest and let the price tank and settle.
Then return at full strength with your incessant posting of useless links and how we are working with companies worth billions.
I won't forget when you sold and came on deramping about a better competitor.
Mirriad is a brilliant idea in the wrong hands. It is an amazing concept. I have seen a few similar companies in the past get destroyed by management. And when the company finally finds it's feet. They pull the plug strategically and take it private. Bids etc.
The board needs a complete overhaul. Good luck all. The price has been lower than 1.25 with far less shares in issue in the past year. Don't be surprised if it drops below 1p because there will be no news worth manure this side of the year or next. The next significant news we are waiting for is next years placing. So until then, peace and love.
They certainly need to look closely at the identity of the seller over the last couple of weeks.
Anyone dumping large amounts continuously just before a placing is dodgy as hell. Probably wouldn't have to look too hard to find links to either the CEO, BoDs or Broker.
90% to the Sophists and 10% to the Plebs. The Plebs have to vote for it or the company is no longer a going concern and delists? The management would like to take part but they can't. Placing at 1.25p when closing SP today is 2.175, a 43% discount? 489.31m shares in issue and they want to issue another 450m? OK so I'm not invested here, I did have some once, but I have kind of followed it, with cynicism, but if this is not rape it is a comprehensive sandbagging.
Am I wrong?
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