Ethernity Networks Share Discussion Threads

[dplewis1] 26/6/2020 14:24

I agree, not sure I like the route of invoice discounting but the CEO seems very keen on not having to dilute himself. Only 30m shares outstanding so it's hardly PREM. Personally I wouldn't mind that much if they did a placing as king as it got them through to break even and it took away the uncertainty.

[dgarvey] 26/6/2020 13:15

Burnt through €2m in 6 months but R&D on hold plus cost savings may keep them going till September/ October. Unless they have receipts due, fundraising sooner rather than later may be the better option. Would get screwed rotten if they leave it until the cupboard is bare.

[dplewis1] 26/6/2020 08:29

Not sure, says latter half of 2020 but sounds like they've got a few options available to them. If it was a straight up equity raise obviously they're at the mercy of the market which would want a nice discount.

[dgarvey] 26/6/2020 08:14

$2.7m net cash and short term cash deposits as at 31 December 2019. As at 16 June 2020 the Company had retained cash reserves of $0.54m (unaudited)Any guesses on the price for a much needed cash injection?

[pictureframe] 17/6/2020 08:05

If you believe in the story average down after the funding has been agreed

[dplewis1] 17/6/2020 07:48

Yep must admit I should have acted on that VSA news.. I'll go underwater on these today and doubt I'll be 'buying the dip' given the uncertainty over funding. Take it on the chin I suppose, it still has decent prospects given the industry it operates in

[itsnotmeitsy0u] 17/6/2020 07:42

ouch glad I didn't invest here in the end - looks like it will open almost 30% down

[dplewis1] 17/6/2020 07:33

Not a great update today unfortunately..

[dplewis1] 10/6/2020 19:09

Yes finals will be soon. More importantly there is news due on the grant from the Israeli govt and if they will do a raise after the EGM. Oh and also the contract that's due with the upfront payments.. interesting few weeks coming up here.

[itsnotmeitsy0u] 10/6/2020 18:52

should be soon looking at last year?

[dplewis1] 09/6/2020 17:41

Not that I'm aware of

[itsnotmeitsy0u] 09/6/2020 17:34

update tomorrow?

[dplewis1] 07/5/2020 15:51

Couldn't tell you .. there always seems to be a reasonable supply even though very low free float.. definitely not a share to try and trade the MMs always win

[elited10] 07/5/2020 15:46

Maybe the last of an overhang?

[dplewis1] 07/5/2020 15:35

Broker charged him a nice premium!

[elited10] 07/5/2020 15:33

Go on the Levi

[collywobbler] 07/5/2020 15:22

No I was talking about the 15p guy too!!

[elited10] 07/5/2020 15:01

Don't rise to it, this'll soon be off to the gg's

[dplewis1] 07/5/2020 14:57

Well it is Thursday .. No I was responding to that clown oilrich1

[collywobbler] 07/5/2020 14:51

You shmokin the lockdown crack or summat?

[oilrich1] 07/5/2020 12:17

15P PLACING