Mirriad shares crash 78% as cash crisis puts survival in doubt

  • Shares in Mirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) plummeted 78% on Thursday after the company warned it may soon run out of money and could enter administration within days unless fresh funding is secured. The AIM-quoted virtual product placement specialist revealed that talks over a potential takeover had collapsed at the end of April, leaving the board scrambling for alternatives to keep the business afloat.