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That’s the issue with you 2phevs you post inaccurate info. Like saying unweighted pipeline (anything in their sales cycle so very loose) was booked revenue. You need to be careful as some unsuspecting naive members here may be silly enough to buy as a result of your info. As I say, best to stick to RNSs.
You now assume Amazon is using Mirriad’s platform when mirriad itself said 12 months ago they and others had developed their own. Best to stick to regulated info.
No it didn’t. There were 3 trades. 1 sell went through as 1 was cancelled.
That’s a very good comparison. BIDS worked with superb partners, was game changing tech and the leader and raise after raise with carrots always dangled and then everyone looking back inevitably shafted including IIs. It’ll be interesting to see who dumped 20m at 1.25p. I wonder if the entity has more to dump. You would think once the shares come to market it will struggle to get into the 2s while profit taking happens. Anyway, best to switch off until Tuesday.
I’ll keep my meagre 500k but if it gets near to 2p will consider whether to sell.
Enjoy your weekends all. Maybe try some shrooms. If not come Tuesday read past REGULATED RNSs as opposed to making yourself feel good re LinkedIn or indeed look at their LinkedIn posts from 3 years ago. Same old.
Anyway, a good weekend to all.
Good questions there 2phevs.
Mates rates, thought that at 3p. Someone wanted out, 20m at 1.25p so not a forward sold profit taker
7million shares, okay no wonder you post so much. Genuinely, I hope this comes good
2phevs as Mirriad have stated there are increasing numbers of competitors. If their IP/moat was that strong they would have been bought. We're going round in circles and if you're not concerned about £2.6m in an unweighted pipe you don't learn. Mind you I told you a raise was imminent and you weren't worried then. Good luck, you need it
Mirriad, the leading in-content advertising company, provides an update regarding the Strategic Review and Formal Sale Process announced on 20 January 2023.
Further to Mirriad's announcement on 29 March 2023 and following discussions with interested parties regarding a potential investment into or a potential acquisition of the Company, the board of the Company has concluded that there is no prospect that an offer for the issued and to be issued share capital of the Company will be forthcoming by early April and has accordingly decided to terminate the formal sale process under the City Code on Takeovers and Mergers (the "Takeover Code"). The Company is not in discussions with any party in relation to a sale and is not in receipt of any approaches. Accordingly, the Company is no longer in an offer period and the requirement to make disclosures under Rule 8 of the Takeover Code has now ceased.
If they had a moat and the IP was that good or a rival like Amazon might think they'll infringe on it and Mirriad had the resources to fight them they would buy MIRI today for £50m.
You don't learn 2Phevs and wouldn't listen. LinkedIn is for networking, the ad space is incestuous as is tech hence many cos cross paths. VPP clearly is big and will be massive. Mirriad has pumped on LinkedIn for years with more partners and less revenue and more and more dilution. I suggest their IP isn't much of a moat hence the pathetic loose pipeline. They'll have the begging bowl out this time next year.
From their annual report - COMPETITOR RISK
Link to strategy
A B C
Risk description
The Company is seeing an increase in the number of
competitors in its core markets which could damage the
business’s growth prospects and/or disrupt pricing and
business model.
Mitigation
The Company believes it remains the market leader in its
field and that no competitor matches its services in terms
of capability. The Company continues to invest heavily in
technology developing its patents and know-how.
Change
Increased risk
IP RISK – INFRINGEMENT
BY THIRD PARTY
Link to strategy
A B C
Risk description
The Company’s IP may be infringed by emerging competitors
and the Company may not have sufficient resources to
successfully defend its IP.
Mitigation
The Company’s actively monitors the market to scan for
potential IP infringements.
Change
Increased risk
How is their very loose pipeline less than £3m???!! It's a nonsense. That's anything in their sales cycle so meetings to be attended as well as pitches to be attended, attended and negotiation. Something doesn't wash hence the massive cash burn continues, break even likely end of next year so another raise needed. My bet is the moat isn't what we thought which is why MIRI hasn't been snapped up as 10p a pop and even 5p a pop it would be gone
Also, competitors will work with many of the same cos as few work exclusively as you should well know 2phevs. Remember when you sold out due to a rival working with one of our partners?!!
Mayve 2phevs but you do make me laugh. You had only read about Amazon as I posted links etc. Anyway, I still hold 500k and thought I'd buy more when they inevitably raised but I'm chilling even at these basement prices. Not throwing good money after what looks like bad.
Then 2Phevs that would be material news and subject to a regulated RNS
2phevs it's not white labelled. Do you read Mirriad's regulated RNSs or just their pumpy LinkedIn? My advice is to start looking at regulated news. They stipulated last year Amazon and NBCU were developing their own and others likely to follow.
Blimey, before 99% of raises roadshows take place to drum up interest! It only doesn't happen when they have enough investment and they don't need to go to market as it were.
LOTM we don't know one another but rest assured I have been invested here longer than most. I came across them when they IPO'd as I used to work for an IR co and I met with Co Sec, FD and the old CEO many moons ago. When I left said job I invested here. I used to have decent dialogue here but they didn't appreciate some of my emails about their wasteful spend including their inflated salaries, lack of skin in the game and much more. I also had a relationship with their FPR guys but it's in one ear and out of the other.
I have no doubt that the embryonic advertising space will take off my concerns are with the CEO, the fact they have regurgitated much of the same patter for years and are still burning huge sums, break even likely very back end of next yuear which means yet another raise before and I suspect as well as Amazon developing their own version others are so their moat isn't what I thought.
As far as the 2 IIs buying lots, if they didn't I suspect the raise would have likely failed and they'd have lost all their money so the last thrown of the dice at 1.25p is what it looks like
They signed Disney I think 3 years ago now and little came of that. Amazon doing its own. Perhaps others checking this out and will go their own way or they would have a lot more meetings and pitches worth 10s of millions given conversion.
If MIRI had the golden IP they’d have been interest in the strategic review over a year ago and even more so now given their share price. Something iffy. If the platform is as good as we think why no cheeky bid? I mean Amazon could throw 10p a share now so £50m if developing a better or comparable version not tricky or more expensive. Have to ask these questions especially given the admin costs, salaries so looks like another lifestyle co
Guys are you not concerned about the fact H2 much much busier than now and they only have £2.6m unweighted so conversion of pitches usually worked at 1/4 or 1/3 and u weighted won’t all be pitches but looser than that. That’s what has really put a dampener on rather than the likely discount and large dilution.