Member Info for LovableLumax

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

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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.

Yep, once the new shares come to market 35p would mean a market cap of some £350m or 200 x revenue (not profit). Break even at some point seems a long way away given what the balance sheet will look like towards the end of the year.

Have you sold all your shares? Surely at this level it's worth holding some? Yes they will likely need to raise within 12 months (like I said 12 months ago) but surely once the ramping on LinkedIn recommences once the shares are admitted and after shocking FY23 results published they will rally above placing before falling back below in weeks or a few months after.

Stampee only a few weeks ago you posted these two nuggets -

These so called investors, whom say I'm out, lol.

Think everyone is gonna follow you, so you can buy back in cheap...ha ha ha...you do make my belly hurt...

Then -

Wow impressive , was reading some posts earlier today, someone mentioned 35p , after a lot of research, I can see 35p being reached 👏

I will have 0.05% of the enlarged share capital (500k) and as I have said to you and others many times I’ve been here for years and sent emails in for donkeys. It didn’t get me anywhere and that was when I had many more shares than the Execs. Not diluted to oblivion with fewer shares it’s pointless. I was venting to them before you even heard of mirriad!

Anyway, good luck and I’ll be interested to hear the response. I again say it’s naive you thinking they are diluting unnecessarily, they’re desperate as running out of cash before end of Aug illustrates.

I know your email well intended but I have sent similar emails before and to be honest some of your points don't stack. The new shareholders have bought into the CEO and his patter so trying to oust him won't end well especially as they have just raised. They will have tried to get funding via other means but with a turnover of £2m and burning that in less than 3 months it is not easy to get funding especially with an unweighted pipeline of not a lot.

Everything that has been said publicly, be it through the company blog, company LinkedIn account or LinkedIn accounts of Directors & senior executives in recent weeks, would indicate that the company's prospects are very good indeed & speeding up ....THEY HAVE BEEN DOING THIS FOR YEARS AS YOU WILL SEE IF YOU LOOK BACK, POTENTIAL HAS BEEN THERE FOR YEARS SO THIS ISN'T NEW

Yet here we are receiving news that the company has undertaken a massive share placing, not only has it placed those shares at a truly horrendous discount of 43% to the then share price, it has then gone ahead & placed an additional 64M shares when it didn't need to. THIS SEEMS NAIVE. LOOK AT THE CASH BURN AND LOOK AT THE PIPELINE, THEY NEED THE ADDITIONAL SHARES AS THEY WILL NEED TO RAISE AGAIN IN 12 MONTHS LIKELY AROUND THIS TIME NEXT YEAR

Yeah great thinking to inflate your cash burn in order to give away shares for mates rates? No that was the only price they could get the raise away and they are not lying when they say without it they will run out of cash before end of August. You're making ludicrous assumptions which is understandable when you have 7m shares. You need to start reading RNSs more closely and not hyping immaterial news elsewhere. Even with a burn of just £700k they will be back with the begging bowl within 12 months. Anyway, you should have listened to me and taken some off the table, I told you a raise was coming but you wouldn't listen. Anyway, you can now buy below 1.25p. If the pipeline was decent I'd be buying and believe me this will be every iffy opportunity they have.

Of course I know the difference between gross and net burn, as do the auditors!