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

Tom Winnifrith
Thursday 22 May 2025

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 IPO, this perma bear wins a bonus ouzo today..

About Tom Winnifrith
Bio
Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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@TomWinnifrith
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tomat49@gmail.com
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