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Hi 2phevs, & extrader,
extrader,
I found this from last year https://www.lse.co.uk/rns/MIRI/ltip-option-awards-and-pdmr-dealings-ofdc54w1tjyqft6.html which gives a lot more details regarding the recent awards, but not the historic one & last year's results announcement from 7th June doesn't list the older ones etc either.
So the CEO took a 10% salary cut last year & will get 1.5M shares for zero cost in effect (0.001p) on 19th July this year. That same day around 9M shares options will have reached the qualifying mark & directors & staff will then be able to exercise them at 3p if they so choose. That would bring in around £270,000 in cash but give a real fill-up for sentiment at that time.
2phevs, sorry I was meaning more about commenting on the directors & when & how they arrived at Mirriad etc.
Nervously looking forward to seeing what tomorrow brings!
GLA
LOTM
Sorry been busy today... IMO the LTIP for execs has over the years built up around 15 mill shares which have an average strike price of 7pish they announced last year that the non execs would get old LTIP at a new strike price of 3p
I believe that certain execs have been locked into serious ongoing NDA's while testing has been going on which is restricting what they can do or out of good morals don't want to slap the face of the original cornerstone investors that couldn't take part in the 3p placing all IMO
Hi extrader :)
I should have added that they probably can't buy any in the open market because of all that is going on for quite some time now.
Starting with all the Content providers they've signed up but haven't been named yet, not to mention still negotiating with one of the top 3 which is 15% or over of the market so that will be deemed price sensitive for sure.
Which ones are signed up to "Programmatic" & which one is about to be revealed as having gone live & bringing in new avenues of revenue.
All the things they are hinting at that have clearly been in the works for some time.
But Yes they could have & probably should have dug a bit deeper when the placing occurred last year & got themselves to between 3 & 5 million each back then.
I'm not stopping at 1M by the way, that's just my initial long term holding number, I'm going to buy a trading parcel as well, so as to trade it in due course & increase that 1M number by re-investing the profits, until it gets taken out. That's the plan.
GLA
LOTM
Hi extrader :)
Welcome :)
I don't know if you've had time to view all the links etc or not ? Its worth doing especially quite a lot of the blog posts because there is so much going on in so many different directions.
To be honest that's one area I perhaps should have done a bit more research on & haven't (directors & salaries not like me to miss that topic either - with it being one of my pet hates).
Yes I was aware that the directors were a bit light on "skin in the game", however they have a quite a few options, when I researched that topic a little further see https://www.lse.co.uk/rns/MIRI/ltip-option-awards-and-pdmr-dealings-c7v2b9oyfk06v2k.html which made me feel like they are incentivised enough if not a little too much to be honest! when I read it. & being a late arrival its hard to complain about it being on the high side.
I also thought, well if the share price goes up, the directors can show there confidence in the outlook of the company by exercising some of those option in the near future :) It would also help boost the bank balance without there being any more dilution. So a double boost.
Perhaps 2phevs or MrTaylor194 might like to comment on the topic in the meantime?
Good Luck
LOTM
Hi LOTM-13
Followed you over here from OCN.
Interesting ...thanks !
One Q : when you get to your 1m shares, you'll have nearly as many as the CEO's 1.2m (AFAICS) or the NEC's 1.6m.
Most picked up in last year's 3p placing.
Why so few, given how long the company's been around and the exciting recent news?
TIA and ATB (here and there !)
What's the story
Hi LOTM and others
There are some very good posts here. I’m in, I shall definitely have a go next week.
They have results early June, along with the other dates mentioned. It is the perfect environment for me.
Back to SYNT. They are in the moment! We have a couple of weeks to which we have a couple of weekend and a bank holiday. Could be 10 trading day?
Probably won’t post to next weekend.
Happy hunting
Happy
I’
Morning LOTM
Indeed, I added another 500K last week in 2 tranches, the second 250K on Friday around 10.30.
I’m not quite up with 2 Phevs yet……
I agree, things are going to get interesting here pretty soon.
Morning Mozax,
I hate to think just how many shares you & 2phevs own!
The more shares that are in sticky hands the better, because one day soon the day traders will arrive in force ( & I've just found out it has a OTC listing) & so will the American's, by that route or directly. Probably as soon as the 1st of these TV upfronts presentations takes place as the put AI & Mirriad together.
I'm very much a cynic to, the trades around 2pm - 2:04pm at 1.8p & 1.798p look very strange more like sells than buy, yet instead of the price dropping after them it rose!
2phevs, posted the link at 2:16pm so it could have been in sight before then.
Now maybe the MM's had loaded up & wanted a bit more margin this time & hence raised the price a bit ? I'm just guessing or they know that seller is done for now/ for good.
I'm hoping we get a few more days without an RNS.
Good Luck All
LOTM
Morning All
Yes, I agree, 2Phevs was instrumental in enabling me to build a very large holding here, his deep knowledge of Mirriad & his quick honest responses to my questions in a period where I just needed quick answers. ( I was travelling for a week with very limited internet access).
I had previously held Mirriad Stock some years ago ( around 50p!) but was not at all up to date on what the Company had, or hadn’t been doing, and when I saw the share price at 1.5p I assumed it hadn’t been doing much.
So, a good reminder that there are good people on these BB’s, generous with their knowledge ( which can, and should of course be checked via ones own Deep research).
So, this is my personal thanks to 2 Phevs for his gracious sharing of his knowledge.
I’m aware any investment is my own decision & associated risks.
LOTM-13 has become a recent addition to the shareholder base & valued member of the BB too, well done for your solid well researched posts - keep them coming.
Finally, I’m interested to see if the sudden scramble for stock ( about £40K’s worth) in the last hour of trading on Friday materialises into an announcement, I’m a cynic and I sense someone had a heads up?
I noted on the previous Friday a huge volume in buying around 33p in FTC posted in after market trades, & on Monday the stock gapped up to 50p on the announcement of SpaceX taking a position in the Company plus a huge contract order.
Can I add even more Mirriad before breakout?
I think we’ll all be trying to do that.
Hi 2phevs & MrTaylor194,
Just to let you know, I reached out to a few posters (many are not LSE users) to make them aware of Mirriad, so you might see a few newbies around with questions !
I've told them your the Mirriad information oracles !
So hopefully you'll be as helpful to any of them if they come as you were & are with me. 2phevs (especially)
May is going to be a fascinating month for sure. I sense there's going to be a lot of official & unofficial news flow & hints of what's just around the corner.
Thanks & Good Luck
LOTM