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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
I found this https://www.mediavillage.com/article/upfronts-digital-newfronts-and-podcast-upfronts-calendar-for-2024/
the list might have changed slightly since the 13th of Feb 24
May 1 at 9:35 PM TripleLift - NewFronts
May 13 at 3:00 PM NBCUniversal
May 13 at 5:00 PM Canela Media
May 13 at 9:00 PM Fox Television
May 13 at 11:00 PM Telemundo
May 14 at 3:00 PM Amazon
May 14 at 4:30 PM TelevisaUnivision
May 14 at 9:00 PM Walt Disney
May 14 at 11:30 PM Screenvision Media
May 15 at 3:00 PM Warner Bros. Discovery
May 15 at 7:00 PM Netflix - Two Day Event
May 15 at 11:00 PM YouTube
May 16 at 7:00 PM Netflix - Two Day Event
We will just have to see in which one / ones Mirriad appears
Found newer articles showing the following individual ones.
In addition to Telemundo presenting at NBCUniversal’s upfront event on Monday, May 13, ADWEEK can exclusively reveal that Telemundo will host its event again later that evening at cultural center The Shed in Hudson Yards.
https://www.adweek.com/convergent-tv/telemundo-upfront-snl-marcello-hernandez/
Amazon Morning of 14th May
https://deadline.com/2024/02/amazon-upfronts-advertising-streaming-may-2024-1235834468/
Warner Bros 10am 15th May
https://deadline.com/2024/01/warner-bros-discovery-upfronts-advertisers-may-new-york-1235796488/
LOTM
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.