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Approaching the strongest period (apparently a "run up to a golden cross") should hit 3p in May...7minutes 32seconds on this YouTube video
https://youtu.be/umxk6nphRNg
I'm not sure whether to be peeved that the 200k block seller is dumping into and killing a sustained rise, or to be grateful to him for bringing the price back a little so I can can carry on building my initial holding LOL.
I think I'll wait until this afternoon before adding further in case he'd like to through a few more blocks away.
Hi 2phevs,
Thanks for that. [that gives me something to work on :) when I next come across them]
Ok those weren't the names I saw for sure.
The NBCU is totally new its getting its first introduction - its got like a ii or such like in the 4 letters that is sticking in my mind.
OK LOTM
NBCUNIVERSAL's AdTech platform is called ONE
Disney's DRAX
Fox's AdRise
These platforms have been developed over the past few years and could well be the white labelling you mention they're not going to miss out the extremely efficient, no logistics required, no on set issues virtual product placement that Mirriad has highly patented...Look for the "Mirriad Inside" on recent RNS's pretty sure they've been integrating their API everywhere.. which links in with the non disclosure policy
There could be some prepaid licences which could explain the extra cash (IMO) they had at year end
Hey up Troajan GLA
2.35 paid there 2phevs
Ok 2phevs,
I'm really going to test you out with this one, now my braindead head has remembered what I wanted to ask you !
In the links I was finding & posting last night about the running order for Upfront 24, there were a couple of funny references to the names of the products especially the NBCU one that I can't find the link for it was like 4 letter that had no tie in with Mirriad that I could see, as well as another of the major Content providers again no link.
Then when i going through the shareholder lists, I noticed in the annual report that it talked about "white labelling" the Mirriad product for the individual Content providers !
And I'm now wondering if its "white label" versions of the product that are going to be appearing or ones with Mirriad all over them. It doesn't really matter we still get the future revenue from what we do.
Thanks
LOTM
Hi LOTM
Ref your musings re how MIRI might finance any cashflow shortfall, the new CFO has a great opportunity to use his expertise (and may have been brought in with this consideration in mind, amongst others).
.."Nic brings substantial equity capital and M&A experience from UBS Investment Bank and HSBC, alongside vast small and mid cap-focused public markets experience from Singer Capital Markets and CFO roles with Byotrol and Bannix Acquisition Corp. in the US..."
His 2.5m options have a strike price of 3p and vest over 3 years.
Let's hope it's a truly 'golden hello'.
GLA and ATB
Hi Saxman303,
A very simple plan to be honest, I'm sure there is going to be a lot of news flow in the coming month for example, so once I have got that trading parcel it will be a case of selling once the day traders arrive on news & then buy it back a couple of days later when the froth has gone & just rinse & repeat it. Re-investing the profits to add to the 1M long term pot.
LOTM
The Sound Man
Always frustrating first thing but you’ll get your opportunity to add properly at some point, mid afternoon is often quieter.
I feel anyone building a decent position sub 3p will do extremely well, as has been pointed out here before, the big boys have much higher averages.
LOTM - well done reaching your first target.
Yes, I saw your posts elsewhere, very honest & thorough - you’re an interesting investor with thorough knowledge.
Keep up the good work.
LOTM-13 what is the trading strategy that you will be using to add more
TheSoundMan,
There was a seller a couple of weeks ago from like 2.15p to start with & it took them until the middle of last week to get rid of there stock sometime dumping at 1.72p so if they have any more they want rid of they can do it now.
Personally I'm just imagining what its going to be like when USA investors put AI & Mirriad together at these upfront presentations & come buying the stock!
Good Luck All
LOTM
NETWORKSSSS AND PLATFORMSSSS not long now cab
Morning Mozax,
No I should have got filled in the first 30 sec's of the day if it hadn't been for the PC!
It is what it is.
I'm honestly not sure the window is any longer than 14th May MAX before the next piece of the puzzle comes out & I actually doubt we'll get that long given all the hints that they did late last week.
Which is why I was telling a few people on other stocks I sometime post about to have a look over the weekend, not short term holders but long term ones.
Good Luck
LOTM
Mozax
They're selling pretty much as soon as they're made available. I've only managed to add a further 23k so far. They move the price up, make a couple of hundred thousand available and they go straight away. Very high demand.
Only a couple of weeks before we find out who the big media networks are that we are working with.
All very exciting don't you think?
Well done LOTM, I think you were lucky to get that filled at that price.
No update yet so perhaps a window to build further.
I’ll be interested to see the volume this week.
Hi TheSoundMan,
My order finally got filled at 8:25, so that's the 1 Million.
Next target is a trading bundle, but I need to free funds up from elsewhere to do that, so the floor is all yours.
Good Luck
LOTM
Forget it, these are now in high demand, our buyer from Friday afternoon is at it again with the circa £5K buys and it’s NT to buy any amount.
I suspect this will move up to the 3p area fairly quickly.
I promise to hold off my next 100,000 for a couple of hours to let you get yours in first LOL.
I can't see me getting to the holdings of some on here but 1,000,000 seems like a balanced level for risk versus potential here. Very much looking forward to the journey.
Hi TheSoundMan,
Welcome on board :) Glad you enjoyed the reading.
You got the 100,000 I was after but my account login froze & by the time I actually got logged in it wouldn't give me a quote for 25,000 nevermind the 100,000 I'm after.
I've got a limit order in at 2.11p now & my 100,000 at that price still doesn't seem to be getting filled either ! :(
So not my day by the looks of it.
Good Luck
LOTM
Good morning all
Thanks for an interesting weekend of reading. I'm with you from this morning, although my 100,203 initial purchase was below the mid so marked as red. Will add further through the days and weeks ahead.
Keep up the good research and GLA
Interesting sentence directly from Mirriad in a linkedin post from 6 days ago
"This is why Mirriads AI powered virtual product placement (VPP) is becoming a PROFITABLE and scalable advertising solution"
https://www.linkedin.com/posts/mirriad_how-content-owners-media-companies-gain-activity-7188190933929136133-fg4Y?utm_source=share&utm_medium=member_android
Never seen that wording while I've been all over this since August last year GLA
Digital add market on the mend after dark days of 2022 according to CNBC does this help this company?
The other thing I've been thinking about again was regarding the business model -
https://www.mirriadplc.com/investor-relations/reports-and-documents & download the 25th August 2023 presentation.
Page 7, is saying that if 2.4% of advertising were to shift to VPP by 2026, it would equate to a $2.5B opportunity & if Mirriad had 20% of partners signed up it would give them $125m (that's $500M split with 75% going to the Content providers & 25% to Mirriad) that's £100M gross.
However that's potentially not a win win win all-round situation because if Advertisers were to simply switch part of there normal TV ad spend budgets directly to VPP the Content providers wouldn't be any better off they would in fact be slightly worse off having to share part of the revenue with us. They'd need the shift to come from other forms of advertising.
Advertisers would be pleased though because they were getting better value for each $ spent.
Last week CNBC outside contributors were pointing out a trend seen in USA Q1 company results, namely that digital ad spend had increased significantly (without giving a rough % increase) & was going to continue to do so.
So instead of Mirriad looking for a shift (or re-allocation of existing budgets) in ad spending of 2.4%. It might be better to say that Advertisers are so impressed with this new form of advertising that they are allocating say 50 - 60% of the increase in budget size to VPP.
Now if we say "significantly" is a 5% overall increase ( I think it might be a lot higher than that, but lets go with 5%) Then that would equate to between $2.5 - $3 Billion (5% of $106B = $5B & then 50 - 60% of that). So back to the same figures Mirriad was using but expressed differently :)
Which truly would be a WIN WIN WIN all-round situation.
And if VPP maintains its compelling effectiveness at that scale, then its highly likely they will get the lions share of any budget increase the following year (& VPP will be on the budget roster after year 1).
GLA
LOTM
I've been thinking about some of the feedback from Sunday & done a bit more research myself & I'm currently 80% certain they will need to raise more cash to see us through to break-even.
However I thought of a novel way of getting access to that cash without causing any share dilution.
So I hope the BOD read this idea so they could implement it, if they haven't already thought of it themselves.
When they next sign up Content providers be it in the USA or Internationally in the next couple of months, they should structure the initial contract as so.
The content provider will advance Mirriad either $2.5M or $5M on the signing of the contract to help cover initial system integration & "Programmatic" costs. Mirriad in return will not be entitled to receive its share of ad revenue from the agreement until the Content provider has recovered that same sum of money from what would have been Mirriad's entitlement to it. If the Content provider hasn't received enough revenue to cover the said sum 18 months from the said date, then Mirriad would make a one-off payment to cover the difference & the contract would then continue as originally envisioned.
This way Mirriad has the short term cash it needs to help see it through to break-even.
Yes it means revenue from these new agreements is going to be pushed out in time & might look like it could cause a problem, but remember in the meantime the 40% of USA providers signed up are going to be generating significantly more revenue as it becomes more widely adopted & used. That cash is going to the bank balance, because the running costs of the business are being covered by the advances. When the advances are spent, the company will have cash in the bank to fall back on.
LOTM