REMINDER: Our user survey closes on Friday, please submit your responses here.
2phevs the more you continue to push your naive and stupid theory the more I will point it out for what it is. If you think the raise was done intentionally at 1.25p and some 500m shares to get some IIs in on the cheap you’re as dumb as you seemed when you were egging people to buy at 2.2p.
I bet you didn’t know what a material contract meant.
Answer me, do you think they had finance options available when their turnover is £2m, burning say £750k cash a month and might break even end of next year with a pipeline of £2.6m. Get a grip FFS. Mirriad would have done under in August and the IIs would not go any higher. The worry is history repeating itself and another discounted lower raise next year.
By the way it’s the NOMAD’s job to ensure material agreements are subject to an RNS.
They’re featured in case study videos years ago. Likely still on their website somewhere. All good examples but nothing new and even if new worth very little so not material.
Only material agreements should be subject to an RNS. Like the tier 1 deal thought to be Disney a few years ago and we didn’t hear anything after the 2 year trial so either they are still a client but spend very little or they’re no longer a client. Who knows.
And the next year revenue declines a little so their packages are worth over 50% of total revenues. Nah not a lifestyle business at all. Stephan in his previous roles would have been on £200k max, he's had a great time spreading the jam
And in that year you'll see just the CEO and CFO's packages were over £1m so close to 50% of total revenue FFS
Buythedip 3 years ago turnover was over 20% higher and they said this in the annual report -
60% Top 100 global advertisers are clients
Growing number of global RFIs
and RFPs
80/90% Major USA entertainment companies/major broadcasters in the UK, France
and Germany Partnerships, negotiations and engagements
The above was 3 years ago when they had some 200m shares in issue and soon to be 1bn with less revenue and more talks of break even at best IMO in 18 months so another raise needed and what nearer to 2bn shares??
Buythedip I only resent the chuckle bros egging all on to buy when they clearly have little experience in AIM PLCs, nor do they know the basics re accounting, AIM rules, role of NOMAD and thinking the BOD had other finance options except a crap raise although they spout mates rates. It's embarrassing and to waste time emailing such things and writing on LinkedIn would put people off investing as you'd think the co attracts numpties.
Another raise in H1 next year bang on, the question is i the share price higher and if programmatic continues to have slow take up it will be painful. Also, given their pathetic balance sheet and cash burn anyone thinking they might infringe on the IP won't care as there is no way MIRI can afford the lawyers to defend it.
So if from 12 months from the date of signing the agreement they thought it would generate £180k in revenue (last year’s total was £1.8m) they would issue an RNS.
It is not a material deal so is not subject to sn RNS. FYI a material deal is anything at or above 10% of prior year revenues.
Yep the 2 rampers on here shut down any voices of reason and egged others on to buy more when a raise was nailed on. 2phevs posting about likes on LinkedIn FFS, it's a business network and business is incestuous so likes etc mean feck all as do the rampy posts they've put on LinkedIn for YEARS, any material news has to be subject to an RNS.
I mean LOTM sounds like he/she has been investing for a few weeks as seems clueless and out of their depth. Still gave advice to other mug punters. This was on advfn at 2.2p
-
Someone has offloaded a few, so if your wanting a top-up best to get the stock while you know its available.Or hover in case it goes lower.
Hey 2phevs (Allenby's nemesis haha) why before the GM, what difference does it make?
Touché!
Another piece of advice read regulated news (RNS) and ignore rampy LinkedIn as they have been doing that for years with no effect on revenu. Ignore LOTM and 2phevs who have shown they are even worse than your typical mug punter as mug punters so listen and learn. The questions you’ve asked have highlighted you shouldn’t be investing and don’t understand the machinations. Save your money and invest in much lower risk funds.
Don’t dismiss and belittle people who were trying to offer advice. Good luck to everyone holding and especially those who bought due to the 2 numpties on here.
Head of the rem committee is Bob Head
*you’re completely
"Great fun working on this" - I'm not sure, he'll be saying the same thing in a few days time.
Allenby Capital are digging themselves a great big hole, they haven't responded to me since Friday when my first email went in. Dereliction of duty as a Nomad is on the horizon.
This is the funniest thing I’ve read in ages and really highlights your completely clueless. LOTM how old are you and how long have you been investing?
The NOMAD/broker won’t give a toss what a clueless retail holder says who really shouldn’t even be investing if he doesn’t understand the basics
lotm i’m not moaning from the sidelines i understand the market and am merely pointing out how ludicrous some of your points are. it’s embarrassing. you can’t blame people for not wanting to lend to a loss making co with a **** pipeline. you should be moaning at the ceo (as i have to him, the old cfo and fpr) for his ludicrous salary and worse still the massive bonuses he was fleecing a few years ago. moan at him for pathetic revenues every year he’s been in charge, slowness in programmatic, what happened to disney, how come pepsi and all its brands haven’t spent more and ask questions re when break even, h2 next year and if so how will they mitigate against another shot show? why leave it so late to raise as **** negotiating position.
honestly you are 2phevs are clueless. they would have gone under in august so had no choice.
guys i have to say the narrative you’re pushing is naive and you’re making yourself look the ‘mug retail punters’. mirriad likely 18+ months away from break even and there’s no way anyone looking at the last 3 to 5 years accounts and its current pipeline would offer finance. any finance offered would be at crazy rates and would send mirriad down quicker than a raise.
the mates rates thing is laughable. they simply could not raise any higher. lots of loss making plcs are being bent over on raises, avacta a case in point (again i tried to warn you). many uk plcs are considering leaving as they feel valuations here are poor and finance hard to come by. mirriad has a **** poor record and has had ‘potential’ for years so it was inevitable a raise would be very painful.
i politely think the email and linkedin posts make you look out of your depth as you don’t understand the market and the current appetite for risk.
anyway, if they managed to break even early next year with a large pipeline they might only need a minor raise but if it’s later in the year the auditors will want another painful raise. you’ve been warned.
Resigned before he was pushed by the NEDs and a painful vote at the AGM.