Member Info for LOTM-13

BenNa,

You'll also get more info & links from https://uk.linkedin.com/company/mirriad?trk=public_post-text which is there main form of info.

LOTM

BenNa,

They already have agreements with major USA content providers (39%) they have at least 2 of the top 5 signed up ages ago, 2 more are still in talks & last year they were talking to 88% of the market.

They just won't publish there content partner's names or for that matter most of there multination / brand users either.

There are multiple bits they haven't made public yet, & while we know about them (since there is info in the public domain) we don't push them on it, in case it causes issues with the deals & partners.

So you have a rough idea checkout

https://blog.mirriad.com/

You'll get to read a lot of good articles there.

LOTM

LOTM

Hi BenNa,

Sorry I'm mixing EV up with the total value of the business (ie its total assets, including plant machinery etc,) rather than what you were alluding to.

Using just cash, debt etc, then its EV is £4.8M at the end of December. As Mirriad is one of the simplest to follow. No debt's of any kind, just cash in the bank. But it's cash burn rate is £2M per quarter less any revenue coming in.

So Stockopedia is a bit out of date in that regard.

LOTM

LOTM

Hi BenNa,

When was Enterprise value = cash ?

They are simply not the same thing, never have been & never will be.

Yes cash even at the end of January 2025, will be about double the current (in-day) market cap given there are 1.03B shares in issue.

LOTM

Hi BenNa,

Welcome to the world of Mirriad.

Please make sure your posts are factual, Mirriad does not have £7m in cash, it had just under £4.8M in cash at the end of December & has a current cash burn rate of £2M per quarter.

LOTM

Shoooooooooooooooooosh Flightman,

I don't want it noticed until after next week !

LOTM

2phevs,

Someone just posted this on SB's Benlabs post .... 11 mins ago ....

ManyMangoes 🥭

11m

This is an exciting partnership and a groundbreaking move for the industry! The blend of virtual and traditional product placements opens up so many new possibilities for advertisers. How do you see this impacting campaign strategies in the coming months?

LOTM

So 3 of us here have over 40M shares between us (4% of the company)

Anyone else care to disclose there holdings ?

LOTM

Flightman,

2phevs, has slightly more than me currently, so just over 3% between us.

What sort of number are you up to now ? (just in case we ever needed to vote on something)

LOTM

Morning Flightman :)

Best to use

https://www.mirriadplc.com/investor-relations/aim-rule-26

Significant Shareholders

Name

Number of Ordinary Shares Held

% of issued Ordinary Shares Capital

Rathbones Investment Management Limited 165,047,202 15.98%

M&G Investments 117,878,683 11.42%

Arbuthnot Latham (Nominees) Limited 73,853,277 7.15%

Schroder & Co Bank AG 40,000,000 3.87%

Hargreaves Lansdown, stockbrokers (EO) 34,887,677 3.38%

IP Group* 34,431,534 3.33%

LOTM

Merciaman,

A very fair summary in a lot of ways I'd say.

Your absolutely right there are a lot of shareholders who have lost vast amounts of money (actual or paper) on Mirriad since it listed. It was at one point in time valued at over £60M & the share price was at one point in time over £0.60 per share.

Prior to the 7th of Jan I'd say there was an undoubted risk that Mirriad could go bust & I made that clear, however since then I believe that risk has dropped dramatically. Yes its still there but much less likely to happen.

I also in a post to Buydipsellrepeat only the other day said I thought the company would likely need some more capital to see it through to break-even. Even since then the landscape seems to be changing, yet for now I still maintain the company will need some cash to get it through from end of June 2025 (£0.8M in the bank minimum) to the end of the year.

jam96p & everyone else should absolutely do there own research & draw there own conclusions from there.

As you say this is either going to go bust or its going to fly - I also don't think there's a middle ground.

LOTM

Hi jam96p,

Virtually no-one is currently interested in Mirriad & thus there is only 2phevs who is a fabulous researcher & myself who spend a lot of time here. We each own around 1.5% of the company & our average purchase price is a lot higher than the current share price (over 0.6p a share).

The biggest issue is the company has been terrible at explain its business model to investors & shareholders & because no-one understands it, its hard for them to see its true potential.

The company tried to explain its AI Programmatic offering in far too simplistic a way & in doing so alienated a lot of investors when things didn't work out as planned in the middle of 2024. Its been an up hill battle since then, but there Programmatic offering is now finally in testing!

LOTM

Hi jam96p,

Welcome to the world of Mirriad.

hmm Mirriad don't really like to do RNS's, there are about 5 recent things we are aware of that they have decided not to disclose for now in RNS's.

They don't like to disclose the names of there Content Partners or the multinationals/brands that place the adverts either, so you need to get used to that!

Yes there seems to be a lot going on in the background at the moment, its a case of figuring out how the pieces of the jigsaw fit together.

LOTM

So NTC have cleared the decks.

After tomorrow ENET can raise more cash without giving NTC additional free shares.

So it could be as early as Monday that ENET do this next fund raiser & honestly it wouldn't surprise me in the least if NTC are a significant participant in it.

LOTM

Hi Flightman,

Good to hear from you once more, sounds like you didn't sell out earlier then, just went quiet & have been buying slowly in the background !

I should have access to the additional funds next week (not sure which date yet) as I need to sell the other holding, but as soon as that's done I can instantly buy more Mirriad if the price is right!

So will be watching everything very closely ............

Hopefully you'll keep in touch more ? as things finally seem to be moving in the right direction business wise as the pieces of the puzzle come together at last.

LOTM

As Buydipsellrepeat suggested the price is dropping back.

I wonder what was behind the sudden bout of interest ? it wasn't a pump & dump as normally the BB would be flooded with new names talking about the rise in the price & nothing more.

Anyway got a message this afternoon saying I should hopefully have access to that cash at some point next week! :)

So if it continues to drop back then I'll soon be able to pounce :)

LOTM

Well it will let me sell 3M shares at 0.1711p but it won't quote me on a 5M sale.

So that would indicate they are still looking for stock for someone!

LOTM

Wow a Valentines Day film ! that should get a lot of eyeballs on it then $$$

LOTM

Hi Aklee

So when were you last in Mirriad & what brought you here today ?

Just the trading volume / price spike ? or did someone suggest you have another look at it ?

LOTM

Well they won't be able to use Tide in the UK etc, so they'll need to re-brand it for multiple markets especially if they are using such big names ( the Hulk and Captain America) for the campaign $$$

LOTM