Mirada Share Discussion Threads

[panderson052] 04/5/2010 12:02

why anyone would invest in any company that has anythig to do with Sincliar is also way beyond me. how do these scum keep raising money to keep going?

[thecrownsucks] 15/4/2010 21:57

ok mate will do..need a break!

[uncle_bob] 15/4/2010 21:56

Maestro - check out BGT could be another QXL.

[thecrownsucks] 15/4/2010 21:51

yeah but it aint over until the fat lady sings..there's j boys on the pitch...

[uncle_bob] 15/4/2010 21:49

Mirada 1 Jarvis 0

[thecrownsucks] 30/3/2010 22:42

is that crooked j boy still in charge?

[burgerbarwomen] 25/3/2010 15:06

Convertible Loan Agreement


TIDMMIRA

mirada plc

Convertible Loan Agreement

An investment in significant current opportunity

mirada plc ("mirada" or "the Company"), the AIM quoted audiovisual interaction
specialist, announces that it has today entered into a GBP1.22 million, with an
option to be increased up to GBP1.50 million, secured convertible loan agreement
("Convertible Loan") with certain shareholders and other third parties
(together, "the Lenders").

The purpose of this additional funding is to provide mirada with the additional
resources needed swiftly to capitalise on the significant opportunities which
it has created in recent months. For example, in the past two months the
Company has announced contract wins with two major European telecoms providers
which represent significant opportunity.

Summary terms of the Convertible Loan:

* The Convertible Loan is repayable on 18 March 2015;

* Annual interest rate charge of 10 per cent.;

* Convertible into ordinary shares in the Company from the third anniversary
of the Convertible Loan at a conversion price of, the lower of, GBP1.10 or a
20% discount to the mid-market share price at the time of conversion;

* The Company is able under certain circumstances to repay the Convertible
Loan at par on the third anniversary;

* If the mid-market price is below GBP1.10 the Company has the option to cancel
the Lenders' conversion rights by repaying the Convertible Loan plus a 20%
premium; and

* Under the terms of the Convertible Loan the Company has given a fixed and
floating charge over the assets of mirada.

As the Convertible Loan is with, inter alia, certain shareholders representing
the interest of certain directors and or substantial shareholders; being Naropa
Cartera S.L.U ("Naropa") and Baring Iberia II Inversion en Capital, F.C.R
("Baring"), who are subscribing for GBP480,000 and GBP240,000 respectively under
the Convertible Loan, the Convertible Loan is deemed to be a related party
transaction under the AIM Rules. As such, Jose Luis Vazquez (Chief Executive
Officer), Rafael Martin Sanz (Non-Executive Director) and Francis Coles
(Non-Executive Director), being the independent directors for the purpose of
the Convertible Loan, consider, having consulted with Seymour Pierce Limited,
that the terms of the Convertible Loan are fair and reasonable insofar as the
Company's shareholders are concerned.

Jose Luis Vazquez, Chief Executive Officer, commented;

"Our results for the year ended 31 March 2010 are anticipated to reflect a
period of continuing investment in the expansion of our range of products and
services and intensive marketing throughout Europe and the Spanish speaking
regions of Central and South America. The positive results from much of this
investment will however been seen early in the new financial year from recently
won clients and an extensive pipeline of potential clients."

"We are excited and encouraged by receiving this important support from
investors and the financial market even in these difficult market conditions.
Today's investment enables us to continue to exploit leads and to deliver on
several opportunities that we have secured during the last months, and
especially on the significant contracts relating to the two European telecoms
companies which we recently announced."

[fqr714bhp] 25/3/2010 15:02

Some one is running for the EXIT

100K sold at 20p
65K sold at 20p

Well below BID.

Another person selling at a huge loss.

Nothing new here then?????

[cockney sparrow] 19/3/2010 07:18

Bonjour Knowing.

[hardassets57] 16/3/2010 16:35

one to watch maybe, but certainly not one to buy!

[brando69] 16/3/2010 13:57

tipped as one to watch in the times today




oh dear o dear

[brando69] 15/3/2010 17:18

this is a quality company - a real gem - don't let anyone tell you otherwise






















and my name is napoleon bonaparte.

[yump] 15/3/2010 16:38

Far too many words. The buzzwords on their own have way more impact:

International development deal / major telecommunication operator / audiovisual interaction / research and development contract / leading European telecommunications operator / dedicated development team / collaboration / video-on-demand / new applications / deployment / technology networks / advanced IPTV applications / 1.6 million IPTV users / expertise / IPTV applications / Navigation Services / enhance / primary reference / integrated applications / showcases technical expertise / encompass digital TV consulting / IPTV grow in demand / instrumental / latest applications and services / across Europe.

What an opportunity. Where's me chequebook ?

[burgerbarwomen] 15/3/2010 10:42

they've done it again...another contract with no name and no value

these boys take the biscuit!

how can the market evaluate the contract?