Mirriad Advertising Share Discussion Threads

[casholaa] 03/5/2024 09:16

Agreed. If they were daft enough to listen to advisers this time, they'll be helping others earn bonuses and commissions again later.

[kemche] 03/5/2024 08:41

I confidently predict that the begging bowl will be out before the arrival of Santa. Very confidently. I am almost assured. To the point of certainty. Without reservations.

[tickboo] 03/5/2024 08:34

700k/month I believe. Admin costs are insane. Another cash call this time next year. Remember the last one at 3p 12 months ago. The unweighted pipeline pathetic given that includes far off deals that have not even been pitched for.

[kemche] 03/5/2024 08:21

Are they burning through £1.5m a month????? WTF???

[kemche] 03/5/2024 08:20

Cash and cash balances at 31 December 2023 of GBP6.1m

"average monthly cash burn in the second half slightly improved over management expectations with efficiency improvements achieved ahead of plan." Alrighty then.


"The net proceeds of the Fundraising will be used to fund ongoing operational expenditure and working capital"

Oh goody!

[casholaa] 03/5/2024 08:00

Another company ruined as a good investment opportunity for a pithy amount of money which should have been borrowed instead. I doubt that I'm not alone underwater here.

[maccamcd] 03/5/2024 07:56

Probably so rich it doesn't matter.I believe Odey invested another £600k pa.M&G who sold some higher have possibly invested which is a bullish sign.Investec could only buy a % to keep below X%.

[davemac3] 03/5/2024 07:40

The Chairman’s HNW mate won’t be a mate for long if this doesn’t work out

[maccamcd] 03/5/2024 07:30

I'm hoping you're too bearish and have the wrong view just now.

[ozzywalker] 03/5/2024 07:08

Ships sinking

[cerrito] 03/5/2024 06:56

When I saw the headline Board change I thought we were going to get a new CEO.
I will not join the retail offer as my broker Barclays do not work with RELX. Primary Bid always used to work in a satisfactory way.I am not fussed as generally in the aftermarket you can buy below the offer price.
I too was not expecting the fund raising so early and had hoped they would have had tangible results by the time of the fundraising.
Silly me for not having sold everything when it reached its dizzy heights a fee years back.
maccamcd,thanks for voicing your concerns with the broker.
Need to look at this closely before putting good money in after bad.

[tickboo] 03/5/2024 06:46

A 2.6m unweighted pipeline is poor. Unweighted is just business they are actively pursuing rather than campaigns under negotiation or waiting to hear on answers from pitches. I mean what are they spending all that money on? What is the sales team doing? Unweighted pipeline. Red flag.

[hamidahamida] 03/5/2024 06:39

Yet again proves never invest in companies who have a track record of shafting investors Leopard never changes its colourPeriod

[davemac3] 03/5/2024 06:12

Looking at the chart, it looks like some knew about this at the end of February

[maccamcd] 03/5/2024 06:11

We're all disgusted by the price. I spoke to the lead broker involved in raising the money last night.He explained there's currently 10-15 companies live trying to also raise money atm, the conditions are still hard and the price was based on new investors being able to dictate what's best for them.The good news is Investec, Odey (Pa), The new Chairman invested, HNW mate of his £500k and others have invested and the company has the money to continue.There will obviously be some stags and MM's flipping the stock for a quick profit at the new lower levels which us existing holders will find stomach churning. I've invested too in this raise for clarity.We now need positive and substantial revenue guidance which has been intimated during the money raise roadshow.

[last of the mohicans] 02/5/2024 21:43

I'm truly Sorry to everyone who has bought in recently to MIRI, following me highlighting the company & asking people to take a look at it.

Yes I did know a fund raise was a possibility, but I didn't see it coming so soon & its slightly larger than the £5M max requirement that I thought they might needed.

The issue price is a disgrace quiet frankly, if that's the best the company can do with the pipeline of opportunities it has & all the hints its been giving through informal channels. The CEO has a lot of explaining to do & his position is in Jeopardy for sure after this, if not untenable.

Again my sincere apologies to everyone.

LOTM

[ellipses] 02/5/2024 18:32

Much free float about?

There is now.

[last of the mohicans] 30/4/2024 09:29

Hi tburns,

I've bought 100K at 2.29p & 75K at 2.35p (that one badly timed by the looks of it, as my trading parcel going forward.

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.

But I'm pretty much fully set now.

Just waiting on news breaking some time soon!

Good Luck
LOTM

[tburns] 30/4/2024 08:56

Much free float about?

[tburns] 30/4/2024 08:08

Strong start today

[tickboo] 30/4/2024 06:53

Amazon has been developing its own for a while.https://www.bidx.io/blog/amazon-newfront-virtual-product-placement-vpp

[last of the mohicans] 30/4/2024 06:46

Hi tickboo,

The CTO has only made 21 LinkedIn posts in total - rarely posts

If you look at a lot of the other recent LinkedIn posts which include an advert you'll see Amazon packages in them including one which isn't in English.

So I think there more to the Amazon thing than you think, we'll find out one way or another in 15 days time.

GLA
LOTM