Correct Patt. I forgot about that! ;0( |
DaddyW. Sadly not the case. The conversion is done at the lowest VWAPs in the previous 20 trading days. So they can go back nearly a month on the calendar. |
Daddy, as previously stated - news Monday would be insider trading by any director buying this week. |
It would be a great time to issue contract news before the general meeting.With little selling from New Tech, the share price would rise which would reduce the amount of shares needed to issue to them under the funding formula.News on Monday? ;0) |
Amazing the basic lies posted by dishwater on this board. You haven't even got your numbers right for DL, with the placing he has bought 12m.MC is not an insider.No Peter house have not bought shares.Unless DL is buying on insider information, there is no material news. |
4/12/24 RNS
Following Admission, the Company's enlarged issued share capital will be 1,000,000,000 Ordinary Shares. The Company holds no Ordinary Shares in Treasury. This figure of 1,000,000,000 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
So they used every available share they could to do the £130k odd placing. If they had more headroom it would have been higher. New Tech cannot be issued any more shares because all 1b shares are issued. Therefore no new conversions till the GM. Then a conversion. But the 1.6b new headroom simply won’t be enough! |
When companies want to raise capital through a rights issue, the company should include shareholders in that offer. However, a company can issue shares without including shareholders,up to a certain limit, if a resolution is proposed and voted upon each year, normally at an AGM. This allows the company, the flexibility to raise cash quickly if needed. Once that limit is reached, the company has to seek permission from its shareholders to raise it in the current year. Hence the general meeting later this month. |
Thanks for info.
Could you please explain the 1b share limit and how that comes about? |
There could be a spike here.
New Tech cannot convert any more till the GM late December as the 1b shares limit is nearly reached now. and the liquidity will no longer be in the market. Fascinating. |
Chowdry has a link to T !! |
Really u think so
What 800 million share turn over this week alone ??
Wake up
This is not just churn ..
If the OEM in late talks is Tarana
10 bag plus |
Private Investors buying whilst New Tech sells at a profit |
The strange thing is you haven't actually got money in PATT plc |
Made me laugh... owing a debt to society!!! |
You need to look at the ASIC potential deal in the light of
5/3/24 RNS
Based on the scopes of work being discussed with these potential new customers, should they lead to contracts, they could contribute between $2.2 million and $3 million to the Company's revenues in 2024. Given the commitment of each customer to adopt the products, this would likely lead to significantly higher revenues in 2025 and beyond.
And the fact that they lied about Tarana first and second generation orders throughout 2024.
Actually revenue will be about $1.4m for the whole of 2024. The placing was just to keep them going for an extra two weeks. |
Big Macs are costly and enet like plenty of them. |
Snooker, from someone who has worked for (very solvent) tech companies, it is very clear the "potential interest" is no where near signing.From the rns "I chucked my girlfriend, she didnt chuck me" focus on acis with tarana not important - clear tarana don't consider enet a reliable company to be part of their supply chain.I expect the aero tier 1 is loss making, but less loss making than people sitting around. |
I agree . Enet going to grow rapidly with the fast approaching ASIC RNS deal . |
I agree . Enet going to grow rapidly with the fast approaching ASIC RNS deal . |
Been a great two days for ENET.
Tarana are still around.
Tier 1 and US approved aerospace contract in place and generating fund.
ASIC OEM contract is in dicussion and near pen and paper signing.
NT probably at 0% shares but have warrants to exercise.
New Tr1 holder.
DL purchasing shares.
Huge strides in the last couple of days with way way above average trading.
On a roll. |
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