Let's hope criteria has been struck up with NT to stop this when the extra shares are available after the Dec 23rd EGM. We never get to know the finer points of deal making, so best not to speculate. |
Snooker. Right now the relevant exercise price would be 0.085p
The existing 0.125p or so aversge age is rounded to 0.1p and then 15% taken off.
For that to change the VWAP for all previous 20 trading days must be 0.2p or above as otherwise it always gets rounded down to 0.1p and then 15% taken off! |
PATT...understand what you are saying now assume the 20 days are above 0.1p |
Sadly snooker they can go back 20 trading days before the contract RNS and select their lowest VWAPs on those days snd then discount by 15%. Do any rise would not affect the number of shares issued.
17/5/24 RNS
“Should the exercise price be above 1p throughout the exercise period, then 40,000,000 is the maximum number of additional Ordinary Shares that would be issued under the Agreement.”
Didn’t quite work out like that did it. |
SKID an financial wizard who reads RNSs I am sure it can be left to you.
Following the receipt of this warrant exercise notice and the issue of the New Ordinary Shares, the remaining balance in relation to which New Tech may exercise its Warrant under the Investment Deed is £210,000, less the value of the 40,000,000 Subscription Shares issued to New Tech at the time of entering into the Investment Deed (as set out in the Announcement) at the relevant exercise price. Based on the deemed exercise price for this warrant issue of 0.1p, the remaining outstanding balance under the Investment Deed is £170,000 (however, this amount may vary depending on the relevant exercise price at the time of exercise). Were the relevant exercise price to be higher than 0.1p, then the outstanding balance would be lower than £170,000, For example, were the relevant exercise price to be 0.3p then the outstanding balance would be £90,000. |
So if they get an asic contract today, a massive prepay on IP and the share price goes to 2p how does that change the new tech exercise price ? |
'So the higher the share price the less money or value ENET owe them'.Yep 100% factual.Turn spell check on as it just shows your level of education. It's tranche not tranch, it's not Star Trek it's VWAP not WARP. |
Remember Post 41296 is the fact ! |
WOW
U all up late last night !
Wonder why ?
They Don’t hold , but getting more desperate by the day for ENET not to recover ..
Wonder why ?
10 bag coming here , and they know it.
British Bulls
Issued a BUY note last night |
Just amazed you still don't understand the new tech deal. It's odvious. |
Snooker.I'm not PATTs biggest fan but he is 100% correct. For PATT to have to have an RNS reissued on the last new tech deal is appalling. In my view they deliberately misled the market, Allenby should have dropped them.So they also knew through q3 and most of q4 that their statements on tarana were incorrect but failed to inform the markett. Anything coming from ENET and DL isn't worth the paper it is written on. |
Even British Bulls have gone BUY on ENET
Tonight |
41296
don’t let this post be buried by the SH s
It’s very important information
Which is actual FACT !! |
Snooker. They lied in every RNS. And I was a firm believer. Sad for me. They anticipate ASIC orders. Do you think that will be different? |
PATT you said you sold out and now you have some.
Where did the BOD lie?
They anticipated Tarana orders but didn't receive. |
Oh snooker. I still have a few shares simply because it is not worth selling them. I always believed the message that Tarana were still customers because it would have been a real pain, though not impossible, for Tarana to replace ENET in their base nodes. But the BoD lied. Since 11/23. The $1.5m order July 23 was their stock while they did it. I lost a lot of money and have the right to post what I think. |
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