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Mirriad Advertising – further cash burn, “a number of operational KPIs” to attempt to distract?

By Steve Moore | Monday 24 January 2022

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.

Describing itself as “leading in-content advertising company” Mirriad Advertising (MIRI) has made a trading update and KPIs announcement headlined “Accelerating customer adoption and traction in the key US Market”. Why then currently a further share price fall towards 20p in response?…

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