Member Info for LovableLumax

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.

IIs aren’t infallible. IP group land others didn’t take part in the 3p raise 12 months ago and haven’t done so at 1.25p. This is now reminding me of WAND which had amazing US II backing and look back usually raised at a premium as the CEO was a super salesman. He’s now gone and they’ve gone from £16 a share to 60p. Anyway, see what H2 brings here

LOTM, MIRI is desperate for revenue as the £2.6m unweighted testifies. They are not in a position to ask for cash up front. They’re stil burning a lot of cash with a pathetic pipeline (at the mo). They said much the same in the raise 12 months ago. If this was really special and not just a minnow paving the way for large players (developing their own like Amazon) surely they’d be bought out right now for 10p a share or £50m. Something doesn’t sit right.

*Bidding 10p/share for 500m shares say or 5p/share for 1bn shares what's the difference? The difference is shareholders will be more inclined to take 10p even if some buy more at 1.25p. The cost to the bidder is the same.

Are you not the sharpest? Bidding 10p for 500m shares say or 5p for 1bn shares what's the difference? The difference is shareholders will be more inclinced to take 10p even if some buy more at 1.25p.

Well if this was as good as we hope and I was a large media co, streaming co or ad agency given a vote needs to go through for these new 1.25p shares I would put a cheeky bid in now. Take the platform and run off. I mean who wouldn't take 10p a share now and vote that through ahead of the vote for 1.25p raise. 10p a share now costs a major co a mere £50m. Why not?

*Also, given the low market cap surely a large media co, advertising co could say right here's an offer for say £50m to buy the IP and most shareholders would have said yes thanks as before today that would have been 10p a share and I'm sorry that would have passed a vote. The lack of interest is a concern to me as to Disney, HBO or an advertising group it's a drop in the ocean.

If MIRI goes bust and can't continue the agreements are voided. I'm waiting to buy more as am concerned they only have £2.6m in their unweighted pipeline, that's little given it's a very broad term that includes meetings booked etc. Also, given the low market cap surely a large media co, advertising co could say right here's an offer for say £50m to buy the IP and most shareholders would have said yes thank before today that would have been 10p a share and I'm sorry that would have past. The lack of interest is a concern to me

They can't have material news or they would be inside and not able to invest. Yes they'll have a little more detail on current cash balance but nowt material. Also, 12 months ago the raise was at 3p and it soon went below and now we raise at 1.25p so from there need over 100% to get to the last raise. Anyway, I doubt the CEO has much credibility left and he surely has to go. Always jam tomorrow.

LOTM they have all the partners both supply and demand side yet only £2.6m unweighted is poor as. That’s got me nervous.

Thanks LOTM but those options are a lot higher than 1.25p right?

We should also be able to obtain some very cheap tickets.

The above says it all. Retail at its best. No doubt that or golden tickets was said when the 3p raise happened 12 months ago.