Member Info for LovableLumax

If this was planned M&G and others wit deep pockets who are down a fair bit of cash and face will litigate. I don't think it was planned.

I do think if they get some kind of raise away existing holders are diluted to oblivion. IIs will want their pound of flesh and some. Retail investors never come out well.

The fact they were up for sale and had no interest suggests not as their lack of industry investors. L'Oréal recently invested in rembrand. They're clearly struggling to get investment again even at an awful share price. Again it suggests not. The only thing that's kept the faithful lapping up the jam in the pointless LinkedIn ramping and awful research note by LOTM who just over a week ago made fun of someone selling at I think 0.35p so around 9 times where it is now

Jesus at 1p they’d still need an EGM FFS. They'll simply say without voting for it we're going under. Simple. They'll need £8m cash on their books so will likely need £7m given £.2.7m over a month go so £2m now and creditors to pay. Also end of this month it'll be nearer to £0 than £400k cash left.

Why did IIs buy at 40p, 3p then 1.25p and then M&G dumps at a huge loss. Why did some on here suggest mirriad making good revenues this year and others disagreed. It's what makes a market. 1bn shares likely cost £30k, punt money. This either sinks or sails for a while longer. Should know this week.

They’d need an egm even if the share price was 1p they’d need an egm for more shares as they’ll need to have £8m cash for audit sign off.

Well done to those who bought last week. Didn’t see this coming! See if this facilitates huge dumps. Company update RNS soon

It's definitely interesting. They can't be privy to material news not made public so is odd. That said it's punt money given the cost of shares. Should know soon enough.

Short of a few quid, to have their audit signed off given there is no forward order book they'll need £8m in cash. Today they likely have £2m, likely owe creditors £1m so they will need to raise £7m or so. Perhaps Peel have someone lined up, the 11% cost a pittance and M&G sold at a huge loss so I still see this goind under this week. We'll see.

If Mirri can't raise Likely £7m (say £2m today and £1m creditors to pay) so make £8m for audit sign off they'll go into administration. Nothing Peel or anyone else can do. It is interesting they bought, should know either way this week. Nothing underhand as M&G dumped and they would have had the BoD's counsel.

Phevs there he is the LinkedIn pump and dump merchant. You've been busy Q1 posting all sorts of Mirriad activity when they produced on average less tan £27k a month so lost some £650k a month and the revenue didn't even cover the CEO's ludicrous salary.

Of my posts warning of a raise and all you had were petty insults but like last year you were completely wrong and i was right.

All of these partnerships are meaningless and who is going to do neded work for mirriad on programmatic when they've said they're skint? More pump to let IIs get out.

They seemed to have been doing OK until last week's RNS.

The fact the Q1 revenue needed a 50% uplift to cover the CEO’s Q1 salary suggests otherwise. If they were confident lots of orders en route they’d have forgone Bod salaries. Alas it’s a lifestyle biz. Fair play if some make money trading. A little dangerous, could administation RNS come intraday?

Oh and I’m not being nasty as to poor Phevs and he’s said again and again that I’m on ignore so he won’t see my posts. Bless the poor lad.

my other half is berating me for being rude on my phone but understands my fascination here which will of course not last any longer than next week. i bet she'll be wishing mirriad doesn’t die a death so less attention from me!

anyway, the more i think of it perhaps it’s just phevs that’s stupid. a look at his linkedin profile tells you something isn't right. sounds awful and maybe it is but he's been invested way before lotm and has been pushing out all sorts of rubbish ignoring the red flag rnss. if you can judge a book by its cover he's just unfortunate rather than duplicitous and working for an entity.

lotm could well be working for someone or again just stupid. he's only been here if memory serves since last march when it was 2.5p and he pumped and all the while ignoring the inevitable raise. anyway, maybe he has an agenda and has no shares i've no idea but if he really has nearly 3% of the co put together a massive retail shareholder risk without purpose he's even dumber than poor phevs. the **** also boasted about a 5m trading pot which i think he bought at below 0.2p (he proudly announced) which doubled to 0.4p+ but he held so didn’t even trade the trading pot. surely that's not true. if so maybe he is phevs' unfortunate doppelgänger.

either way, i learnt from my loss here unlike phevs and lotm so i hope others do. i'm off aim (aside from avct which is also boom or bust) and will keep other holdings and chill.

a good weekend and see what next week brings.

* nomad and broker have NO worries re recourse as although the clowns on here were begging for RNSs due to their linkedin 'research' the reason there were no RNSs is because there was nothing material to report. Same as the LinkedIn nonsense the year before. People lauding LOTM and his ‘research’ note which I glanced at so can’t comment too much but the fact the imbecile didn’t know end to end programmatic had an RNS 2 years ago says it all. He’s also never looked at the accounts.

When anyone questioned it his ignorant disciples chipped in. LOTM apologised last year when he didn’t see the obvious raise coming before ramping on other boards and getting people to buy before a 40% discounted raise and this year even worse as even more obvious.

The clown either learns os stops investing and certainly stops putting Mickey Mouse research notes together and advising others to buy.

lotm still in denial it's funny but also alarming that he ran this bb and tried to belittle anyone with an opposing view off the board. i lost whack here and have posted consistently warning others. the only person's to blame are the idiotic rampers obsessed with meaningless linkedin posts.

it's just moronic. i see lotm saying allenby has a lot to answer for. wtf? the last broker note was in sept which said (as the ceo advised them) that programmatic would be ready by ye and they still forecast a poor £4m loss for this year and i believe they'd hoped for £2.5m fy24 and no note since. clearly all missed but they're instructed by the company and ceo. the jan update should've set alarm bells off. alas not for lotm and phevs who were here last year and got burnt when the obvious raise seemingly came out of the blue for them. same **** different year except this time institutions won't go near them and with less revenue in 3 months than the ceo takes little wonder. mirriad was distressed last year and for sale yet no interest.

nomad and broker have to worries re recourse and although the clowns on here were begging for material rnss due to their linkedin 'research' the reason there were no rnss is because its niche and small beans. obvious. if they'd rns'd all the pathetic linkedin **** then maybe they'd be recourse but they didn't. i lost a good amount, made a good whack back and pretended i had 500k shares still to feel i could post on the board without the muppets getting ****y. i was gonna but a nominal number if it lasted to the agm to meet the keyboard warriors. alas it's a dead duck but it’s everyone else’s fault. jesus just look back at the rnss, kpis etc. it’s all there.

nonsense, the heavyweight institutions would sue the **** out of them if this the case. m&g dumped at a huge loss and any dodgy dealings they'd be all over.

Say £2m in cash but then they have creditors of £1m (advisors, 3rd party cos developing programmatic etc) this could be more given last accounts so really £1m left and then staff costs which have to be at least £500k a month (likely more) and although most will be on 1 month's notice senior bods like MTH will be on 3 or 6 months and the BOD on 6 months so there will be no cash left hence they either raise money or adminstartion next week

We know M&G sold out but with the huge number traded yesterday perhaps there may well be buy TR1s as well as sales.

Gambling as a quick pump and dump.

I mean there were many buying and getting this up to 0.45p or so just before an audit due which speaks volumes on people's stupidity. They didn't learn from last year or the year before.

That said many traders will likely make some decent gains with a quick in and out

MIRI probably spent more than £88k on their jolly in Cannes. Sure DJ chihuahua was spending freely on the company credit card knowing enjoy it while you can.

Laura I hope you make a quick return but don't hold for too long. MIRI would have sounded out many parties whilst the talks ongoing, even Stephan isn't that stupid. I said they'd continue the gravy train for as long as pos while CEO can take £40k a month for as long as he can