Member Info for skittish

Zak Mir looking for 80p by the end of next month - not always very accurate, but I would expect with a good update in May, then that would be an easy target to reach.

https://www.share-talk.com/share-talk-bulletin-board-heroes-wednesday-21st-april-2021/#gs.zcz4vs

From the number of recent news articles, BBC, Sky, Daily Mail etc MIRI appears to have captured the imagination of a few intrepid correspondents.

We should be entering a news rich period up to 12th May 2021.

And now in the Metro as well - crib of DM article -

https://metro.co.uk/2021/04/21/product-placement-could-soon-be-added-into-classic-films-with-ai-14446579/

From the "other side" - Daily Mail today -

https://www.dailymail.co.uk/sciencetech/article-9490699/Product-placements-added-classic-films-streaming-sites.html

Obviously getting noticed in mainstream media - I wonder how many people realise you can buy the shares?

New ath and doesn't show any sign of stopping just yet.

MIRI Mirriad Advertising Plc 64.50 64.00 0.78% 20 Jan 21

Could get a decent run up to 100p in time for the results. Looking very strong and still very unloved/unappreciated judging by the very few comments on the boards.

Fabulous news today regarding the upgrade to OTCQX Best Market.

Management clearly working hard behind the scenes, as the recent news articles show.

They do appear to be quite publicity shy when it comes to RNS's however.

Maybe the OTCQX upgrade is a hint that there will be some major US oriented news to come in the results next month.

Breakout comes @ 64p+, and we are slowly edging up to that - looking like you can sell in large quantities, but only buy small amounts.

All looking good here after a bit of a desert news wise.

"Peter Wall, CEO of Argo and a director of Pluto, confirmed that Pluto is “rocketing to its IPO on the London Aquis Exchange, with a target of late May 2021 for its admission.”

A person close to these companies said Pluto differed from NFT Investments and Dispersion in that it has already been in business for a few months, meaning it may take longer to complete checks and balances ahead of a listing. It is not yet clear, they added, how much money Pluto will look to raise or at what valuation."

https://www.theblockcrypto.com/post/102168/crypto-investment-pluto-digital-assets-listing-aquis

At 30-9-2020, the latest figures, RGO held just short of £3M cash.

Yes, you've only got to look at DEV as an example - and there is an loose indirect association with that share at RGO.

IPO 8p then up to 18p, then slammed all the way down almost to 1p, "certain parties" get the opportunity to load up in low single figures, and then all the way back up to 30p+.

I don't think it will be as dramatic here but it was easy to read between the lines of the RNS, and the message was clear, as also is the long term attraction of RGO.

Lets see what happens.

Oh, I expect RGO will be fine over the medium term.

But short term they seem quite happy to issue their own speeding ticket. Their intention was clearly to dampen the share price - albeit to what precise end is uncertain. And they have succeeded.

Year end 2020 will not be exciting - well we all know that now.

Q1 2021 results, which will be the exciting figures will probably not be until 30-6-2021, so 10 weeks to wait there for some really good figures.

Not all that long in the grand scheme of things, but for those looking for short term excitement the message is clear - go elsewhere.

I expect once the appropriate people are loaded up at the appropriate price, normal service will resume.

'Twas ever thus.

Good to see that the contract with Tencent appears to have been renewed/extended beyond 31-3-2021.

Could be big future news there.

"One of the firms that has developed the ability to do this is UK advertising business Mirriad. Its technology is now being used by a Chinese video streaming website, and the makers of hit US TV show Modern Family have also tried it out.

Mirriad's chief executive Stephan Beringer expects such digital product placement to become widespread"

https://www.bbc.co.uk/news/business-56758376

Looks like lots of good news to come - but this clearly isn't a flashy ramptastic company - just gets on with doing deals and doesn't make a great fuss.

CEO been on not only BBC, but also Sky - clearly getting noticed in the right circles, notwithstanding a dearth of RNS's.

The next results should be really interesting for this under the radar share - but the herd will arrive eventually.

Standby for an exciting month ahead.

You would think so and it looks like we may have now had the missing 2x500K of the last 1.5M due -

500K on 12-4-21 16.40 @ 4.9p (reported 13-4-21) and

500K on 15-4-21 11.02 @ 4.85p - why the slight price difference- I don't know.

Big trades - but the price stays flat.

It is always difficult to be sure but over the last fortnight it looks like there were 4.5M sells and 4.5M buys all at 4.9p (with the exception of the last 500K). During this period here was also a 400K @5.15p and a 600K @ 4.9p, together with the 5x200K last week, but I'm not quite sure where they fit in to all this. Huge trades totalling circa 8% of the company and the price barely shifts.

Taking a stab they could be apportioned 5.5M vs 5.5M.

You would think an RNS would be due as 4.5M is 3.2% of the company, but there is another possibility.

It could be a bed and ISA, so the name of the holder would remain the same although their shareholding might reduce slightly, depending on how matters were arranged.

Only two holders that we know own more than 4M shares in the company, Mr J A M Hemming 4% 5,592,809 shares, and Mr Labrum with his 21.1% 29.5M holding.

So I had though an RNS was coming, but we're still waiting.

If one or the other had transferred into an ISA then it is likely a tax charge would be due. Obviously we don't know their personal circumstances but Mr Hemming was buying somewhere around 4p, and Mr Labrum mainly between 2p and 3p. Mr Hemming's holding does refer to "and family" so I suppose things could be arranged to use up several personal annual allowances, but if someone (let's call him Mr "X") did buy around 4p, and sold into an ISA around 4.9p then the gain would be 4,5000,000 x £0.009, or on the face of it £40,500.

Of course there is another possibility that 3 individuals bed and ISA'd 1.5m each, so quite possibly no tax payable on those transactions (depends on personal circumstance) - but would they all do it at the same time?

And why now at the start of the tax year - using up all (and more) of your tax exempt amount almost before the year has even started. If this is the case whoever it is must be confident that there will be the potential for stellar gains here later in the year, sufficient to take the risk that THIS will be their share of the 2021/2 tax year and no other.

Mmmm...intriguing.

Back to watching and waiting.

RGO reached a 52 week high today - 2.55p - and was No 7 on the 52 week mover list.

Prior to the RNS that is - nothing quite like dampening a rising share price.

And total assets y/e we are told are "expected to exceed £8.8M".

Well at Q3 2020 they were £8.7M - so not much to write home about there - another £100K in 3 months. Pity they didn't also give the provisional Q1 2021 figure, which must by now be available, but then only selective reporting of figures actually cuts the mustard in this instance.

And despite Bitcoin hitting a new high today PIRI has been definitely subdued as of late; as have the Pluto cheerleaders and all those Twitterati who you could scarcely avoid a little while ago. I sense that all seems a bit quieter there recently with the Zak Mir Crew being much less rumpy pumpy when it comes to all things in the Outer Solar System.

Maybe the anticipation surrounding Pluto just became a bit too much, and things needed to be toned down, lest some people may not be able to get in at a decent price. Got to keep those City Boys onside - shafting Deliveroo customers is one thing, but shafting your City Mates is a step too far, waaay too far.

But if net assets has only increased by circa £100K in Q4 it means that few if any of those juicy warrants had been converted. upto then. And as some have already pointed out PIRI's increase value alone would have increased net assets by around £2.2M in Q1 2021, not counting the warrants - was it 10M @ 4p at the last count? Worth well over another £Mill once converted.

Much still to play for here, on a 6 month to 1 year view.

At first glance it looks like we have got at least part of the outstanding 1.5M trade - 500K @ 4.9p @ 17.28 which is listed as a buy, following the share price "fall".

None of Thursdays 5 x 1.5M have been deleted as yet, so it appears that they all stand.

Presumably the transfer of shares is only part way through, hence no RNS as yet, although I think parties are in any event allowed 4 days to file with the company.

Back to watching and waiting.

The initial Tencent deal RNS was not until 28-6-2019, even though the deal ran from around 1-4-2019 - that date was only notified in a later announcement.

So maybe MIRI are always a bit tardy with news.

So I'm not particularly worried at the moment - some news would be good though.

Last year FY 2019 and Q1 2020 updates were both RNS'd on the same day 5-6-2020.

Whilst last year there was a capital reorganisation I'm not expecting FY2020 and Q1 2021 until around the same time. Consistency is a virtue.

Of course there were specific investment updates from time to time as necessary.

So maybe a while to wait as yet.

Timmit - Dare I ask which were your trade(s)? Just for the purpose of elimination.

No need to say if you don't wish to.

I've been trying to find a link between Mr Labrum and Mr Hemming but nothing tangible thus far - their paths may have crossed but dates don't match up.

Hoping more will be revealed prior to month end.

Good luck to all.

Ah ha! That is the $64,000 question.

Truth is - I don't know. And nor would anyone who is not privy to inside information.

PRIM in its present form does not strike me as a leaky ship. It doesn't have a wide following and whilst there is a little pi buying it is very limited. Clearly no one with "inside" information is buying, apart from directors and we can all see what they have been doing.

I think first we have to wait for the big trade pattern to play out - are there any more 1.5M (1%+ of the company) trades to come, will any be deleted?

Then the RNS stating who has been selling, and who buying - I think one must come given the scale over the last week - if any of the named 3%+ holders sold just one of the 1.5M trades they would have to RNS, as it would take each below 3%.

If we know who sold we can make a judgement.

If we then know who has been buying we can also make a further judgement. If a director - interesting. If Mr Labrum has bought 3 x 1.5M it would take him to around 25% - well on the way to the 30% I think he may be trying to achieve. I had thought he was just trying to protect his investment, and not end up like the last lot of directors whose avarice and lack of forethought led to them losing the company - although they appear to have made some interesting investments along the way.

Now, if it is indeed he who is buying I think his plan is maybe a little more subtle. Get as close to 30% as he can prior to dilution, so he still retains a large degree of control after dilution. Thinking out loud (NB. I am probably way off) - reverse something into the SPAC(s), paying for it with the ready cash and issuing shares in PRIM, to the sellers and maybe also raising further cash in addition. Put in a few worthy non execs into the SPAC, jazz it up a bit with the cash and then float it on a stand alone basis.

I don't think he would go to all this trouble, unless he had a plan. And he began buying PRIM late 2019, so the plan has already been cooking in one form or another for 18 months. He must now be close to realising at least part of the plan if he is up to 25%.

As to the enigmatic 4% shareholder Mr Hemming - he posts on the other side, almost exclusively on resource stocks. Maybe the GGP investment piqued his interest here, although his declared interest was post that. He is no slouch himself in business - amongst other things he founded JHC Systems which created software which now runs £150Bn worth of assets for third parties.

He also posted a tweet yesterday -

"John Hemming@johnhemming4mp·21h
Close to launch of new cybersecurity system on AWS."

https://twitter.com/johnhemming4mp

Now that maybe something, maybe nothing at all as regards PRIM.

But I think PRIM is quite fascinating at the moment.

Lets hope that the plans work out - whatever they may be.

The next few weeks could be interesting.

As always nothing is certain, far from it.

I've changed my mind - we are most definitely due an RNS from at least one party.

There are 139, 830,968 shares in issue - so 1% is 1,398,309, or 1.4M for ease of calculation.

Prior to the last directors RNS on 19-3-21 most of the large trades (buys) were around 100K, with a couple approaching 300K, obviously picking up loose stock. Up to then directors had picked up around 1.3M - and this was reported in the 19-3-21 RNS.

The following week a similar pattern emerged with 6 100K buys. The week after things jazzed up a little with 3 trades of around 250K reported - all appearing to be buys - on another chat board 1 pi claimed one of the 250K's.

Last week the pattern changed dramatically - mainly 200K sells Tuesday and Wednesday - all subsequently matched by buys and then on Thursday 8th April the price artificially dipped from 4.8p-5.2p to 4.7p-5.1p and we got the following trades all at mid price -

12.10 600K 4.9p
15.13 1500K 4.9p
15.14 1500K 4.9p
15.25 1500K 4.9p
16.20 1500K 4.9p
18.30 1500K 4.9p

Now the 15.25 and 16.20 were reported that day with only a slight delay, the 16.20 being followed a few seconds later by the spread/commission payment trade - sell/buy with the buyer paying all the spread/commission.

The 15.13, 15.14 and 18.30 were all reported the following day.

I would assume that two of these were sells and one buy, so we are still awaiting a 1.5M balancing trade. The price moved back up to 4.8p-5.2p on opening the following day.

Now some of these trades may yet be deleted, or possibly they are evidence of a "pass the parcel" type arrangement, but if they are a genuine sell/buy arrangement then additional the previous activity someone on 8-4-21 sold 4.5M shares and someone bought 3M+ shares.

4.2M is 3% of the company, so we would be most definitely due an RNS now, just based on the sellers activity.

If the same buyer is responsible for much of the recent 100K activity, then he has probably bought somewhere in the region of 5M to 5.5M shares over the past couple of weeks, approaching 4% of the company.

Most of the significant declared shareholders here are hidden by either nominee accounts or by being just under 3% but RNS's reveal the following holdings -

Mr A R Po**** 8-9-20 3% 4,195,000 shares
Mr S Ball 9-9-20 3.1% 4,210,822 shares
Mr J A M Hemming 24-2-21 4% 5,592,809 shares

Mr Po**** is definitely aligned with the present board, as I think is Mr Ball. Mr Hemming is enigmatic, as ever. All should be sitting on a fairly decent short term profit at 4.9p. I'm assuming previous directors sold out long ago, Clayton went below 3% in November, and that is what pushed the price down into the 3's end 2020.

If, and it is a big if, Mr Labrum is our "mystery buyer", I had calculated based on March activity it would take until July for him to get to 30%. At present speed he'll be there by the end of this month.

Watching and waiting.

Maybe - but lack of an RNS suggests he hasn't finished buying as yet.

Two late printed buys show up after hours

15.48 225K @ 5.087p

15.50 215K @ 5.092p

Maybe a pi noticing that "something" is going on - and both definitely buys at that price, with the price increasing, possibly indicating shortage of supply, despite the large trades.

And on the 1.5M if you had the usual 4.9p-5.1p spread then the .2p difference would be worth exactly £3000.00, add commission of £400.00 and that explains neatly the trade a few seconds after the second 1.5M.

So the "mystery buyer" actually paid around 5.12p in total for the 1.5M if you include the cost of the 96,108 shares immediately after.

I guess something will have to give eventually.

I'd say the second 1.5M was the buy - at the same price.

Obviously someone was entitled to a commission/spread somewhere and maybe that was the trade at 4.91p 20 seconds after the second buy.

£0.0491 x 96,108 comes to £3,393.00 - which could be a trade for £3,400 less commission; or maybe compensation for what the MM's could have earned on the wide PRIM spread for a normal 1.5M sell/buy trade.

If they were both buys or both sells the price would surely have moved much more. -either up or down. So I'd say an "arranged" sell/buy, good price for the seller, and very good price for the buyer, who then had to fork out another £3.4K in lieu of commission/spread (maybe).

Either way the large transfer are still happening, and likely the "mystery buyer" still accumulating, all without affecting the price too much.

Obviously all this must come to an end sometime, but since the last holding RNS our mystery buyer could (and I say only "could", as it may not all be he) have snaffled somewhere in the region of 3M shares - which as everyone knows is around 2.2% of the company.

I guess one could do worse than to buy more - which I fortuitously did earlier today.

One morning we will wake up and it will be -

***!!!!BINGO!!!!***

But maybe a while to wait until then - but the transfers are definitely getting larger and more frequent as time goes on.