Member Info for LOTM-13

Donotpanic

Corporal Jones, you're contradicting yourself, saying people don't buy in rumours when that's what you supposed to do (the old adage is buy the rumour - sell the news) & going on about a seller being about & then posting a couple of minutes later that buying pressure is building & news any day .....

Which is why you'd want to be in ahead of the news not after it.

LOTM

My goodness sexykiwi59, your about the 3rd person today alone going on about positive rumours & yet the share price dropped a lot yesterday on little volume & today's volume is very low as well when you take out the 3 x 200,000 that are an error of some kind since they all have the same timestamp etc.

So is one person passing on the rumour to another, who just happens to use the LSE chat boards ? because if so many people were hearing good vibes, you'd expect to see a lot more trades going through then has occurred to date.

Instead ThunderBird 1 is sat on the launch pad waiting to hear that "ThunderBirds are Go" for lift off

Good luck with your purchase

LOTM

Hi 2phevs,

I'm working away on the financial model.

My question to you is this, where in the chain do Mirriad get paid ?

Do they at anytime get paid by the advertisers ahead of an ad campaign starting, or is that money going to the content providers 1st of all & then once they get paid, they then pay Mirriad there fee accordingly. I'm guessing we are at the back end of the chain & therefore if the ad campaign starts in June, it is likely to be August if not September before the cash hits Mirriad's bank account.

Thanks

LOTM

By the way it looks like the Bots have arrived to start trading the stock !

Hi TrekMadone,

I haven't looked at Helix at all but I can say this, knowing that it has just listed.

10th April 2024 was the day that Oberon Investments got to its 11.42% holding in the company.

You are wrong to assume that all of that was bought on 9th & 10th April.

They could have purchased up to 3% of it prior to the listing & thus all you can say for sure is that they have purchased on or off market at least 8.43% of the company during those 2 days & a maximum of 11.42%.

LOTM

Just added another 100K just before the close again at 2.26p

LOTM

Hmm so I'm going to be competing with Mozax regarding stock then :( that's not going to help either of us get them as cheaply as possible !

I've just added another 50,000 at 2.26p not the price I really want to be paying (15:36:11) in the meantime.

Just need to keep freeing up funds from elsewhere at the same time.

GLA

LOTM

I think the Microsoft stuff will be way over my head to be honest, but if any thoughts spring to mind I'll let you know !

The only thought that did come to mind & I don't think it ties in at all with the direction where your going, relates to the timing of the LinkedIn posts yesterday & Stampee1's post from the Telegraph on Microsoft's £2.5B AI Hub investment in the UK.

Is that to provide Mirriad with all the AI power its going to need in this collaboration going forward ?

LOTM

Hi 2phevs,

Thanks for the detailed reply & knowledge on the subject.

I hadn't heard of pubmatic until it was mentioned last night.

So you obviously don't think it would be a good fit right now.

I know there obviously super busy at the moment, I just thought 71M daily users wasn't to be sniffed at & if you could increase your content in the gaming space & expand the age demographic at the same time in would interest even more advertisers to want to do business with you, while placing there products inside the games.

Thanks

LOTM

InvestingGoals,

I think your getting mixed up.

From what I read Noble are issuing just over 100M shares at 9c which would make it a A$9M raise.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02794220-6A1202147

In addition for ORDINARY shareholders (small investors) based in Australia & New Zealand ONLY there is a SPP which can raise up to an additional A$3.5M for the company.

Although this is only likely to be part filled unless the share price increases in the next few weeks, if it does then take-up will increase.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02794412-6A1202219

It also states what those additional funds would be used for in the document.

LOTM

Hi 2phevs,

Sorry I was out from virtually 9am today :(

Hopefully I'm going to be around the next couple of days + weekend.

During that time I intend to build a model projecting forward the financial side of things.

I was reading & taking notes of past things said & there numbers.

For example, at 30th June the cash balance was £9.8M & it's meant to have been £6.1M at the end of December 2023.

When they re-did the business plan starting from the end of June 23 there projection was that they had enough cash to last them until at least the end of August 2024. In one of the update's since then they indicated that cash-burn to the end of December 23 was slightly less than planned, (therefore by inference pushing back that end of August date).

I know people are going to extrapolate that cash burn to the end of December was £3.7M or just over £615,000 per month (£3.7M/6) against the business plan which covers 14 month's of spending at £700,000 per month (£9.8M/14) but its not as simple as that, because we don't know how much was still to be paid out to creditor at that point (If for example you delay cash payment's from say 31st Dec to 2nd Jan, then you cash balance looks much better than it actually is in reality on 31st Dec in the accounts).

There are several other factors I want to take into account as well.

LOTM

Hi 2phevs & MrTaylor194

I was briefly watching CNBC tonight & Roblox (RBLX) was mentioned as a downward mover today around 8:30pm UK time.

It has 71M Daily Users for its online games platform & needs advertisers.

It's engaged (Pubmatic - I think the name was) for PR purposes to sell Video Ads on its content/platform through an online bidding platform targeting 13years+ consumers.

As they were saying all this I was just thinking how much Mirriad could help them with in game adverts etc to achieve there goal.

It sounds like a perfect fit to me - which is why I'm flagging it up to both of you as you'll know more about it than me.

71M daily users is a lot, so how do you get both in touch with each other quickly & effectively ?

GLA

LOTM

Hi saxman303,

The Dr is very negative on the company for sure.

The share price moved much quicker than I was expecting for sure, given the volume last week etc with no movement at all.

There are under 100M shares in issue so not that easy to get stock ( yes the placing shares could be with weak hands - but they've had a few weeks to sell out already, so the over hang doesn't look to be that great especially since they had the chance to sell today & bank a profit but few did).

LOTM

Hi Darkryder,

Usually there are very few FAB trades early in the morning, so the fact a few went through early doors indicated that someone might have been wanting to get in, in a hurry.

Why ?

Well they've been promoting themselves in the USA & Europe just ahead of Easter, so maybe that is leading to new enquires & orders.

Secondly they are recruiting - 4 new positions that applications had to be in for before the 8th of April.

Maybe its a leaky ship, or maybe someone was jumping the gun putting 2&2 together.

There was a clear seller last week & it looks like that line of stock has changed hands, given the speed of the rise this morning against volume traded. Last week the share price wouldn't have moved, you'd just see one or more sells come in after a buy, to keep a lid on the price. Today that didn't happen & they were looking around for sources of stock pre 9am & they were willing to pay 4.11p+ for 50K when the bid was only 4.00p

What happened after that I can't say as I was out for virtually the rest of the day.

It will be interesting to see if there is an RNS in the morning or an increase in trading volume again.

Good Luck

LOTM

Thunderbirds are now GO across at F.A.B

I guess it will be another 200M plus traded day by the time I get home later for HE1 who knows where the price wil be.

GLA

LOTM

Thunderbirds are Go at F.A.B

GLA

LOTM

Hi Vestry,

Sadly the return of the UCLA route has been very short lived indeed.

There was 1 programmed for mid April but has now disappeared all together. None arrived in the past couple of weeks & none are programmed to at least 10th May.

LOTM

Hi 2phevs,

Thank you for the very kind offer. I may well take you up on that offer in due course as I'm not at all technical, a bit of a technophobe to be honest. You clearly know your stuff about the company.

There going to have to find a way of showing the market (investors) how they are progressing, if they want to get investors on board, boost the share price & make any short term funding easier & cheaper to achieve.

The board don't actually own that much of the company which sadly doesn't incentivise them to do just that. So really going to need to find a way of pressuring them to do so (give out meaningful data).

Like eyeballs on each of the various segments per month, like for TV, CTV, AVOD, SVOD that are revenue generating for the company (without the company having to disclose the amount they get for each segment - or it maybe that they earn the same amount from each segment no matter what) & releasing that information for the month on like the 10th of the following month or soon if it can be extrapolated from their data sooner.

That way investors will get to see where the growth is really occurring & by what amount. In time those numbers will translate into financial numbers as we get quarterly financial numbers for the company. As there will be a correlation between the 2 especially with the gross margin they are talking about ie 85% or even 75%. So an increase of X% in the numbers means revenue should be increasing by roughly Y% in due course.

The Company's investor website needs an overhaul its disappointing, not easy to navigate & some of the info outdated.

I know you were trying to extrapolate the numbers going forward from £2M to 4 or 5 times that to reflect the increased coverage from 8% to 40% of the content providers.

Sadly that isn't going to happen overnight, I know from past experience when downloading apps was all the rage, that it takes far more time to integrate these things & get them properly up & running than you'd like, there's always snags. I'd say MIRI will be lucky if they were doing 8% of content providers by the end of Q1 & I wouldn't expect them to be above 20% by the end of Q2 & it will probably be the end of Q3 before there near the 40% mark.

They have a lot to do with a limited number of staff & simply can't do all of the implementations at the same time.

LOTM

Hi saxman303,

If I could be topping up around the 2p level even sub 2.1p I'd be pretty happy.

I know that might not happen & more good news could come pretty quickly, but that's a chance you take. I'll try to be proactive & react as necessary to how things unfold.

If you look at the day of that last announcement, there wasn't a rush of day traders or such like, so this is very much flying under the radar of many. So hopefully there aren't to many people wanting in right now & competing for the same shares.

If you look at today's trading & take out the 24 Bot trades at the start of the day, there were only 62 trades & some of them very small indeed as well (27 of them were under 20,000 shares) Of the remaining 35 trades some look like Bed & breakfast types trades (5 of them = 10 trades).

So completely off the radar for sure, it will just be a case of munch munch slowly but surely without pushing the price up & watching for slack in the market.

I think I'm going to set an initial target of trying to get to the 1M share mark.

Good Luck

LOTM

Hi saxman303,

Glad you decided to jump on board as well :)

This could really turn out to be something special given its tiny size compared to the market it is operating in. Just got to get a true grip on what the actual monthly cash burn rate is & how quickly that is falling.

Clearly going from being able to access 8% of the market to 40% is a sea change. Going above 50% is a game changer because those company's in the minority at that point in time will suddenly realise the business risk they have compared with there competitors.

Getting one content provider on board is hard because they have to see the benefit its going to give them over there competitors to think its worth the time & money to do so. If you get several & a decent % of the market then you have a chance. At 8% it was ok, but it wasn't going to completely re-write how business was done & thus the risk to competitors wasn't that great since the big boys weren't jumping on board, so the business risk was still small.

At 25% you have to sit up & take notice, at 40% even more so, but once over 50% if you haven't got involved then your behind the curve & could have given the opposition a massive advantage over you. That's where the real risk lies with those not jumping on board. If the product does as expected then by not being an early adopter you're on the backfoot & trying to play catch-up. something your owners/shareholders will not appreciate further down the line, as your business under performs the competitors. Meaning those directors are likely to be dismissed as the owners try to save the business & its value.

Its a watch this space one, especially if they bank that other top 3 provider they are talking to, but I'll happily take 2 or 3 more smaller ones that gets MIRI over that 50% number.

LOTM

Hi 2phevs,

Sorry I was out most of the day & only back now.

I don't use linked-In & most of the links you've kindly provided there sadly don't work for me.

Oh I get where you're coming from, that's why I'll be buying more of these in the coming days as I want to get hold of as many as I can afford, but I also want to be paying as little as possible for each batch, so I'm hoping the price drops over the next couple of days to do so & also get topped up before any new news breaks.

I still think there is a possible placing coming come June/July so need to factor that in as well as I don't want diluted to heck, although they might not need that big a placing.

LOTM