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Mirriad raises £1.5 million and postpones its death: £80 million of OPM spaffed for what?

By Tom Winnifrith | Wednesday 14 May 2025


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Actually it might be more thanks to the worthless confetti being offered at just 0.01p. There is a WRAP retail offer underway which might take the total up by £200,000 to £1.7 million but even just on the Allenby placing and a £200,000 payment from a US company to join a reselling jv, Mirriad insists it can survive for another 12 months. Maybe. But maybe not - with the shares 99.9% down from the AIM  IPO, this perma bear wins a bonus ouzo today..
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