Member Info for LOTM-13

People are reading todays announcement wrongly!

The company didn't provide the actual voting numbers (which they should have done for full transparency) maybe to hide just how few people voted in total or to hide how large the number of votes cast against the resolutions were in numerical terms.

Anyway however many people voted in total be it 200M shares or 500M shares, roughly 1/3 voted against both resolutions & 2/3 voted in favour (& yes I find it hard to believe the actual figure was exactly 67% the company has decided to round the number for whatever reason - again not something a fully transparent company would do).

So now the company has to either get more votes cast - hoping the current level of opposition is at its maximum in shares voted, so that the additional votes are for the resolution to get them over that 75% threshold.

Or that some of those who voted No will now change over to vote Yes this time round or will be dis-incentivised to vote at all for a 2nd time & thus allow them to creep over the 75% mark.

At the same time they have to get out the Yes vote!

Not a good position to be in & even if they manage to get the vote over the line, whose going to buy the shares & at what price ?

Not to mention the reputational damage to the business in the meantime, teetering on the brink of closure, whose going to want to sign any deals with them while things are so precarious ?

Probably no-one.

LOTM

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LOTM

Hi Flightman :)

Yes it was :)

So how are you feeling now ?

Hopefully steady progress day by day :)

LOTM

Morning All,

Just to let everyone know in advance of the trades showing up on the system I've just sold 8.1M Mirriad from my normal account & bought 8,081,912 in my 2025 ISA.

I'll make up the small difference in due course.

LOTM

Morning All,

Just to let everyone know in advance of the trades showing up on the system I've just sold 8.1M Mirriad from my normal account & bought 8,081,912 in my 2025 ISA.

I'll make up the small difference in due course.

LOTM

I think they made a mistake with the following statement

"Shareholders should be aware that the number of shares that could be issued pursuant to the additional share authorities could result in substantial dilution to the existing issued share capital. However, the Board believes that this is in the best interests of the Company to give it the flexibility to raise funds to support the Company."

I believe it should have said ....

Shareholders should be aware that the number of shares that could be issued pursuant to the additional share authorities could result in substantial dilution to the existing issued share capital. However, the Board believes that this is in the best interests of those running the Company to give it the flexibility to raise funds to support the Company Directors Salaries & lifestyle.

LOTM

Hi 2phevs,

SB sure has a liking for BENlabs, ..... here his latest like ! & its for someone new not ES ....

https://www.linkedin.com/posts/maralbeylerian_benlabs-drives-brand-influence-through-entertainment-activity-7315021973552590848-YdMT

LOTM

Hi 2phevs,

No problem I know you're not usually around on Mondays.

Interesting stuff!

TGI Sport verses Uniqfeed

I noticed PM has liked quite a few Uniqfeed posts in the last couple of months that's for sure.

A real watch this space situation for sure.

I meant to ask earlier what's your view on this Raj P that I hadn't even heard of until the weekend & why his name is showing up within the company material (not linkedin) & not Lateef M ?

I'm waiting on something eventually being updated, as EO is still listed there with 3 people under her & yet at that level MTH isn't on that list but appears on several others! which I find very confusing for now!

LOTM

Hi 2phevs,

I see Mirriad is now back to 96 employee's on Linkedin!

SB liked this post within 2 hours of it being posted ... https://www.linkedin.com/posts/ianwhittakermedia_television-youtube-tf1-activity-7314927450516324352-M7xg

People mind find this an interesting read.

https://www.cnbc.com/2025/04/02/trump-tariffs-news-advertisers-look-for-flexibility.html

LOTM

Hi Flightman :)

I'm really glad to hear your feeling a bit better today :)

Just take each day as it comes & do everything in baby steps for now to help the recovery :)

Yes definitely in need of some rain for the farmers so that they get a good set of crops later in the year.

Please take care & look after yourself & keep us updated with your progress as well.

All the best

LOTM

Updating Ajay18's holding

Just for anyone new to Mirriad these are the large shareholders etc who use this BB

So the current updated list Alphabetically for you is ......

2phevs - 16M+ shares

Ajay18 - 5M+ shares

Bentley43 - 12M shares

Bullishbearish - 2.5M shares

BusinessOwner Daughter - 2.15M+ shares

Buydipsellrepeat - 10.5M+ shares

extrader - 2.5M shares

Flightman - 22.5M shares

Hosko - 2M shares at an average of 0.28p

JeniH - 2.0M shares

joeblog1000 & brothers - 1.25M+ shares

JP1992 - 2.15M+ shares

LOTM-13 - 28.5M shares at an average cost of @ 0.465p per share (this includes a trading parcel of 3.5M shares)

Mrinvestor55 - 12.1M shares

Total 121.05M shares or over 12.1% of Mirriad on LSE

On Advfn

Sharewatching 1M

Total 1M or 0.1% on Advfn

Grand Total 122.05M shares or 12.2% of Mirriad

Fonzi99 - 1.5M shares ?

If anyone else wants to join the list please let me know don't be shy, there's absolutely nothing wrong with owning 1M shares & being on the list as 1M = 0.1% of the company roughly

LOTM

TheTradingShack,

A buyer can't be building a stake quietly.

That's the whole point of the special conditions THRU is currently under, any buyer holding above 1% of the company basically has to report there trading changes daily.

Hopefully we get a trading update early next week.

LOTM

Well starting on Monday I'll be moving some more of mine into my ISA to protect them from CGT in the future. These will be my 1st Mirriad sales of a kind.

I would say something else (on my holding front) but I've not yet had the phone call to confirm what was discussed in the last one earlier this week, so I'll hold back on talking about it for now.

joeblog1000, clearly there is still a lot of stock in weakhands possibly after Monday & tax sellers etc, but yes could do to find a few more long term investors that's for sure to mop up the loose stock......

LOTM

Hi Flightman,

I hope you had a restful night & got some quality sleep in.

Take care & look after yourself.

LOTM

Sorry I need to correct my last post, as I missed something out.

This is wrong

"No they don't, they have to show the auditors & audit committee that they have the ability to fund the business for the next 12 month's through a combination of cash on the book, likely sales over the next 12 months, plus through access to additional funding ie access to either loans (Bank or otherwise) or equity funding during the period, doesn't have to be in one single raise or such like."

What I should have said ...

No they don't, they have to show the auditors & audit committee that they have the ability to fund the business for the next 12 month's through a combination of cash on the book, likely sales over the next 12 months, cost cutting measures, plus through access to additional funding ie access to either loans (Bank or otherwise) or equity funding during the period, doesn't have to be in one single raise or such like.

LOTM

LL, I went & found someone who knows all about it & had a lengthy phone discussion on the matter for over an hour & that was posted here quite sometime ago.

"In order to have the accounts signed off on a going concern basis they need to show they have sufficient cash and or confirmed orders to run the business for a further 12 months."

No they don't, they have to show the auditors & audit committee that they have the ability to fund the business for the next 12 month's through a combination of cash on the book, likely sales over the next 12 months, plus through access to additional funding ie access to either loans (Bank or otherwise) or equity funding during the period, doesn't have to be in one single raise or such like.

LOTM

LL you can have a different opinion & you certainly do have that. However you are also someone who can't be trusted about what they say & go back on there word. So you have no credibility here end of story.

You push the same agenda of yours all the time.

"LOTM mentioned cash, we will need to show a year's cash at sign off"

Your the one who brought up the league table about a cash raise not me. Your trying to be very manipulative in what your writing now.

Putting my name in front of something that is totally untrue & you've previously been called out on 4 times now!

You do not need to show a years cash at signoff that is absolutely false, but doesn't suit your narrative so you just play dumb every time its pointed out & keep reposting it, just like a cash raise is coming every single month.

The use of "we" as if your a shareholder when that is still up for debate.

You're next just throwing out this £1.8M cash figure, that's £1M more than where the no revenue number will take them & then claiming they will need a £6M raise!

By your own admission last night you said they will likely reach breakeven in Q4 before going back to losing money in Q1 next year. Yet now your claiming limited forward orders ahead of Q4 !

On your rec-conning & past history has shown that revenue usually increases each quarter during the year, therefore Q3 will be nearer the middle of the range (zero to breakeven) ie @ £400 P/M given your £1M for H1.

So £1.8M in cash would get them close to the end of September alone, add in the Q3 stuff that will be cash in Q4 & you've made the case for them needing barely £1M of additional funding to see them through to the end of Q1 2026.

There's just no credibility to the numbers you just chuck out there & hope you won't be challenged on, so you can keep pushing that agenda.

LOTM

Hi 2phevs,

Seems to be quite a few more Mirriad followers all of a sudden without any posts in a month!

MTH looks to have gained a few more as well, I wonder what DJ Chihuahua has been up to now ?

LOTM

Merciaman,

Your absolutely right there is a lot of guess work required at this time as we have no insight as to how much revenue is or isn't being generated.

Therefore it is near impossible to know how much cash (if any) is going to required.

No-one knows whats all in the pipeline with BENlabs etc, what the Canela Media launch this quarter is going to do, or the LatiNation / TSR collaboration that's meant to be ready ahead of "newfronts" will bring.

What I will be very surprised about is if "Upfronts" doesn't bring about at least 4 decent sized agreements (between our 2 major content providers & both of them having separate agreements with both P&G & GM), but it will be several months until we get that news.

I'm sure MTH has some sort of feel as to where P&G & GM want to be especially with WBD given the new closeness of those 3 connections.

LOTM

LL I haven't seen any update from Allenby Capital since the 13th January write up which didn't say much, maybe I've missed one ?

So lets do a quick ballpark job on your numbers.

End March 2025 cash balance £2.8M plus your £6M fund raise figure gives them £8.8M.

With £8M of cash burn with no revenue coming in that would take them to the end of April 2026. More than enough time for all of the Q4 revenue to turn into cash. So that easily extends the cash runway to the end of July 2026, but hasn't taken into account any revenue from Q's 1-3 of 2025 & Q's 1&2 of 2026.

Which basically means there is no justification for a raise of that size at this time, when the market isn't fully informed of what's gone on & is likely to happen & quite frankly if the business model isn't proven by the end of this year, it will be time to pack-up shop & close it down.

LOTM