Hi 2phevs,
That Philip Mattimoe from the Microsoft picture doesn't look anything the guy in the LinkedIn profile - clearly the LinkedIn pictures is from many years ago
https://uk.linkedin.com/in/philipmattimoe?trk=public_post_reshare-text
He is CTO at Mirriad - which I'm assuming is Chief Technical Officer
A real UK history to him inside the tech environment, Skype, Channel 4, SkyGO, Talktalk
So it's probably a very in depth discussion we'll get to hear once its published.
LOTM
I actually have a real issue with this & it doesn't reflect well on the company & the Board of Directors / Senior management (of whom there are many).
While it is not for us to comment on an individuals personal circumstances or financial situation, other questions need to be asked.
If the company have decided that this individual is the best person they have to interact with conference attendees & to best explain the company's products in detail to gain new business then that's fine.
However the employee on learning they were going to be attending should have gone to there manager about suitable dress code for such an event & if it was a problem for them to fit that dress code as they don't own such items they should have said so. If they didn't, then the company should have picked up on this matter immediately after the 1st conference & discussed the matter with them & if they didn't own the appropriate things then the company should have paid for them or provided them.
A suit, 3 shirts, a couple of ties, a pair of shoes, or if the person isn't able to wear such, some smart casual clothing that is appropriate for such events. Possibly £500 of additional expenses, which won't be that when you account for travel, hotels, food etc etc.
You're going to these events to try & win new business, that person is the public face of the company, representing the business & there dressed in baggy jeans, a teashirt & a sort of shirt, to greet people representing £100M, £500M, £1B & multi-Billion company's !!!
What are they going to think ? There certainly not going to think your a professional business or that you have a quality product that's for sure.
It explains why the company has been to multiple conferences recently & there haven't really been any new orders coming in. Thus its just a waste of time & money.
The board really need to get a grip & start delivering for investors.
As for me I'm left wondering if I really want to have my cash invested in a company that appears so unprofessional in its attitude & is therefore unlikely to be taken seriously by potential customers.
LOTM
Hi 2phevs,
Your 1st post on this topic was late afternoon on 10th April, that's over 2 weeks now & nothing more has been said.
So we're now looking at the definition of "Soon" & what that translates into in terms of day's & weeks
LOTM
OMG even worse when you wear the exact same thing to the ELRIG conference a month ago & wore it again the week before for your photo for the ELRIG conference.
Less than impressed given its not business attire, or casual business attire !
LOTM
So we've got
CSO - [Chief Scientific Officer] (RB)
Operations Manager (NH)
Team Leaders - 2+ of them - Protein or Transient Gene (known about so far)
Senior Scientist
Scientist - looks like that will be split into 2+ (given the number of Team Leaders)
Still to locate in the chain -
Business Development Manager - (BA)
Scientific Business Development Officer - (CK)
Principal Scientist - £36,829 - £49,404 a year awaited
Senior Health & Safety Scientist - (CB)
Senior Technician - (is below Senior H&S scientist role in the tree or salary)
Administrator - (LC)
(RM - position unknown)
Jobs advertised a month + ago (closed 08/04/24)
Antibody Engineering Manager
Antibody Engineering Senior Scientist
Production Scientist
Previous Advert - 2 months or more ago
Facilities Manager - (JG)
Production Scientist - (SH) (RD)
Laboratory Technician - (MB)
positions unknown (BC)
LOTM
Mr.kioto,
They haven't said yet & won't do so until 21st May, but its going to be approximately 42.75p per share
It will be interesting to see if the Insto's try to push the share price up or down ahead of that date.
At the moment the share consolidation ratio would be 3 new shares for every 4 held & would take us down to about 68.95M in issue.
Personally I hope the share price drops before then simply because that will mean less shares in issue afterwards, if it fell to £1.50 at that time the consolidation ratio would be 5 for every 7 & there would be 65.67M shares in issue afterwards.
LOTM
I've just been reading that ITV lost £1M on its agenda setting drama Mr Bates verses The Post Office !
So they apparently said at the "Voice of the Listener & Viewer spring conference on Wednesday"
I hope Mirriad (MIRI) had someone at the conference & spoke to ITV to tell them help is on the way & that they can increase there revenue stream significantly with virtual product placements that streamers will not be able to avoid etc as it fit seamlessly into the program itself. Rather than being a separate break Ad.
Check it out, it seems to be future of advertising
LOTM
ITV lost £1M on its agenda setting drama Mr Bates verses The Post Office !
So they said at the "Voice of the Listener & Viewer spring conference on Wednesday"
I hope Mirriad had someone at the conference & spoke to ITV to tell them help is on the way & that they can increase there revenue stream with virtual placement products that streams will not be able to avoid etc.
LOTM
Hi saxman303,
You really do ask some hard questions to try & answer !
Wish I had a Crystal Ball :)
I was waiting to see if anyone came & posted that they had bought the 1M+ bundle yesterday but no-one has, so it doesn't look like it was anyone posting/reading here that did that trade.
I'm not sure about the 2 trades today at 8:20:04 I think it is either an error & both shouldn't be there or at least 1 shouldn't be counted. All the rest of todays large trades I would say are sells the 10,989 & the 3 x 2,415 are buys.
Someone clearly wants to sell & there even prepared to take 1.72p for them, it could be M&G or it could simply be an individual who has got sick of waiting on good news equalling a re-rating of the shares.
There is currently so little trading going on its hard to sell or buy without really moving the share price. But they don't need to be selling at the moment to keep the price down, if they wanted to do that they'd sell when buying was occurring & that's simply not been the case.
As I posted a while back I would have been happy to buy them at 2.1p we're now at around 1.85p or less to buy, so that's 10% or more below what I thought was a bargain price. I've got my average down to around 2.025p & I will be buying more this week as I've only got 700,000 of my initial 1M target.
I'm glad I've spaced my buys out this time as its given me a much better average price, than just piling in at 2.2xp as it was initially. Knowing that seller is around keeps me hanging off a bit in the hope I get better than my lowest lot of 1.74p on my next batch, but the risk is a RNS comes out & bang I've missed the boat completely :(
I don't think it will take that many buyers to move the price much higher on good news, there aren't any day-traders in the stock looking for a quick 5 - 10%
Hope that helps
Good Luck
LOTM
The number of Managers / Senior staff at FAB continues to amaze me, they are back up to 29 staff for now.
I found another one here is the career path, so it will give an idea of how high up the ladder any new jobs are !
Fusion Antibodies
7 years 10 months
Operations Manager
Oct 2023 - Present 7 months
Team Leader Protein Production
Aug 2019 - Oct 2023 4 years 3 months
Belfast, Northern Ireland, United Kingdom
Team leader Transient Gene Expression
Aug 2018 - Aug 2019 1 year 1 month
Belfast, Northern Ireland, United Kingdom
Senior Scientist
Aug 2017 - Aug 2018 1 year 1 month
Belfast, Northern Ireland, United Kingdom
Responsible for
Daily schedule of work
Report writing (internal and external)
Training junior staff
Scientist; Transient Gene Expression
Jul 2016 - Aug 2017 1 year 2 months
Belfast, Northern Ireland, United Kingdom
Junior member of the transient expression team responsible for daily upkeep of the lab and carrying out routine transient transfections of various protein molecules.
Looks like someone is accumulating these slowly but steadily.
For several days now I've noticed someone mopping up 1.5M shares virtually as soon as a sell of any size hits the market.
Pretty smart way to do it without moving the price.
LOTM
Pretty bad at dressing for a conference as well, for goodness sake - how unprofessional
https://uk.linkedin.com/company/fusion-antibodies-plc?trk=public_post_feed-actor-name
LOTM
Hi Bentley43,
Sadly your 2 days behind with that link! it was on there blog site on Monday.
We continue to just sit & await for the annual report or some other catalyst that shows more insight into how the company is doing or expanding, like the signing of the other 15%+ USA content provider. Or that programmatic has gone live with at least 1 of the 5 content providers on time & is now generating cash & thus the ramp-up of revenue is on its way.
I've noticed a couple of adverts in the UK already where the Olympic games are featuring. That's 3 months ahead of them starting! So it seems to me that advertising spend is on the increase, the question is how much of it Mirriad will be able to capture.
Clearly the seller is not done, but I'm also not finished buying yet either, although I'm only mopping up a fraction of what they are selling.
GLA
LOTM
Hi pickedpeck ,
The CEO got the company in between a rock & a hard place. It was all of his own making.
Who demanded a USA listing him.
That same USA listing that meant he got the company trapped between what you can do on the LSE & what you can do in the USA.
He's the one who turned the buy-back on & off at his own whim.
If he had thought it through he could have solved the dividend/share buy-back issue when the yield on the stock got silly. Sadly he only got part of the answer at the very last minute.
What they could & should have done, was not listed in the USA, stopped the normal dividend payment & turned it into a special dividend & share consolidation each quarter. The dividend would either be frozen at that set amount (per share) for the rest of the year & would then increase by say 5% for year 2. All the saved dividend's would be used to fund a share buy-back program which activates if the share price is below X price. So the total cost of all this was exactly the same as the total cost of the dividend previously.
Anyone daft enough to be shorting the shares would soon feel the squeeze & leave the scene.
If anyone doesn't get it, then lets start of with the share price at 70p back then & 1 billion shares in issue & the dividend 3.5p for Q1. After the payout there are 950M shares in issue (3.5x20 =70p hence the 1/20 of the shares removed (50M).
Those who want to have the same amount of cash invested in the company need to buy additional shares on the market to return there holding to its previous level. They are also competing with the buyback program if the shares are below say 70p in Q2, 72.5p in Q3 & 75p in Q4. Market made aware of the trigger levels in advance for transparency.
Q2 dividend is 3.5p & share price is still 70p, This takes @ another 47.5M shares out of circulation + any buy-back ones.
Q3 divi 3.5p per share & share price 73.5p This takes out @43M shares + any BB & now just 859M max remain.
Q4 divi 3.5p per share & share price 73.5p thus another 41M + any BB ones are taken out. leaving 815M shares max.
The NAV per share has now increased considerably if it was £1.2 before its now £1.466 or plus 22%
If the share price is driven down at the ex-div date even more shares get taken out making it even worse for the shorters.
That's what they could & should have done but couldn't due to the CEO's USA vanity.
LOTM
Someone clearly doesn't like what's going on dumping stock this afternoon in the 3.6p's
Company maybe taking on quite a few members of staff in the past couple of months & attended lots of conferences spending share holders money in doing so, but they haven't come back with anything tangible yet, in terms of cash generating contracts or news that proves the company has finally turned things around.
LOTM
Hi EdwardSeaton,
You don't get it, there not interested in what the share price does, because there not selling, there in it for the long haul. That's another 10, 20, 30 years or more & possibly passed down to another generation as well.
I forgot to include something when talking about salaries/bonuses etc & I've closed down the files I had open & can't be bothered to re-open them to get the exact amount.
In one of them, LAS I think it was, it outlines Sir M Hellier's salary which was around £200,000 but he also got "office services" ie use of an office & all the things that go with it worth at least £300,000 to run the rest of his empire. Private or minority interests in public PLC's etc.
That will have been passed down to Andrew, John & the rest of the family. They gain so much more than just the headline numbers & those caught in the trap, fund 40%+ of it all annually.
It will be interesting to see how much John gets paid by BISI & Andrew by LAS for there directorships.
LOTM
For anyone interested go to https://www.mirriadplc.com/
& on the investor section play the "SHOWREEL" (just above the share price)
Its quite interesting in itself, as to how Mirriad developed the technology in the first place, as it was made for the film industry. After it has played it will give you the chance to view other stuff in the window, the one on the left had side is Mirriad 2024, if you play that & stop it at 20 Seconds in you'll get to see what I was talking about for the Nissan Electric car. How the AI rated everything in the scene & Nissan obviously felt that was part of there target market for the car.
I think at 40 sec in it show C4's First Dates show ........
LOTM
Hi 2phevs,
I was worried you'd done a runner !
Which would have left me dumbfounded with the loss of such a source of information on the company.
The Blogs they are putting out are really useful sources of information, I sometimes gain more information from them 2nd or 3rd time round of reading or viewing.
I'll need to find it again but the one about the breakdown of the scene, with the Car above it a group of guys, where they list the demographics of those in view, clothes, the lot. The amount of AI that must be going on in the background to find the right target scene that fits exactly what the advertiser wants is incredible.
And the latest blog pointing out that there might be 6 to 12 opportunities an hour for the content provider to slot in & earn extra ad revenue just shows the number of possibilities out there for Mirriad to earn revenue from is amazing.
The only bit that is letting them down now is the investor side of things. They need to up there game in that department with actual numbers so that investors can see what's happening in terms of increasing views & product placements month on month & then that turning into growing monthly revenue.
LOTM
Here is the latest blog post & interesting read
https://blog.mirriad.com/how-content-owners-media-companies-gain-a-competitive-advantage-with-virtual-product-placement
Written by 2 Mirriad names we've not seen before!
What's happened to 2phevs ?
LOTM