Ethernity Networks Share Discussion Threads

[simonsmithiv] 24/3/2025 08:54:18

Agree, who needs money!

[realdealy] 21/3/2025 22:28:45

Good luck with it.

Money is just paper or electronic credit.

Get over your money addiction.

[simonsmithiv] 21/3/2025 19:57:11

Definitely worth a punt down here. Too many with EDS, 'Ethernity Derangement Syndrome', after years of losing their money from poor timing. Don't miss the opportunity of a lifetime just because they're bitter. NOW is the time. Don't forget "Past performance is not an indication of future performance" and all that. Aimho, dyor, etc.........

[realdealy] 21/3/2025 14:18:31

Also stated raising needed to settle creditors.

Hence there will be a placing requiring EGM authorisation.

They could hardly better telegraph it, it ain't hidden, "DILUTION".

[purchaseatthetop] 21/3/2025 14:16:19

Well pwhite good luck then. With their history it might have an element of risk! Will be fun to watch.

[darmz] 21/3/2025 14:11:52

Absolutely shocking the pleb like Simon still trying to pump this When they have clearly stated that if they get a placing away it will be massive dilution

[pwhite73] 21/3/2025 13:59:25

They are seeking authority to issue up to 5 billion shares. It does not mean 5 billion shares are coming to market or a single share for that matter. For them to raise any further equity the market makers need to be satisfied they can shift the stock onto retail investors before they hand over a single penny to ENET. Furthermore the company just can't issue shares, they need to ensure the share price is far away enough from 0.021p where an equity issue does not push the price below the nominal value which prevents the issue of further shares.

ENET cannot achieve any of this without positive corporate news. This is why I believe the shares are a good punt down here.

[purchaseatthetop] 21/3/2025 13:48:34

Well we shall see. I think this is 5b shares to keep the lights on. No company will do business with them. Tarana fled as soon as they lost long term credibility.

[pwhite73] 21/3/2025 13:45:20

patt - Whilst the TSP is outstanding ENET is not permitted to borrow money against its IP and assets for these are the property of the TSP creditors until the remaining $400k is settled. Their only option was to exchange billions of shares for money from bucket shops like New Tech. Once the TSP creditors are paid ENET will have access to external finance based on the operational prospects of the business.

RNS 21/01/2025 - "Upon completion of the Distribution, the Company will end its liability under the Creditor Settlement Plan, which will allow the Company to improve access to external credit financing resources to support its operations."

As it stands at the moment the company has sought authority for another 5 billion shares because the price is so low. If they dilute further this can easily drop the price under the 0.021p level where they can't issue anymore stock. In this situation they would need to call another EGM or use the AGM to amend the nominal value.

It is my opinion that having come so close to administration minds have been focussed and the company is in a far better shape now than when you were touting £1 billion contracts with Tarana.

[realdealy] 21/3/2025 13:24:51

They already said it in the rns .

[purchaseatthetop] 21/3/2025 13:04:13

But pwhite. Every £ will go to the creditors. So what is left at the end for future value creation? Then there has to be more dilution and a reduction in the nominal value.

[pwhite73] 21/3/2025 11:23:03

Chester9 - "Basically it’s the right for them to destroy value again, and again and again."

Dilution is not necessarily a destruction in value. It is the fall in the share price that destroys value. On the flip side if you get in when the share price is on the floor you can make substantial gains if it rises. So the question is will ENET fall further than here. I believe the answer is no because the nominal value is 0.021p. If the share price falls below that ENET cannot issue any new equity. In a nutshell to make use of the 5 billion shares they have to get the share price up or the whole EGM exercise is pointless.

[simonsmithiv] 21/3/2025 10:41:45

Massively oversold. No matter how much the doomsday parrots want to repeat the bad news, it's oversold.

[chester9] 21/3/2025 10:14:46

hTTps://ethernitynet.com/wp-content/uploads/2025/03/Notice-of-Extraordinary-General-Meeting-8-April-2025-1.pdfHere is the linkBasically it's the right for them to destroy value again, and again and again. Until they have exhausted all mugs.

[bri15] 21/3/2025 10:04:44

Someone has been loading up here since the EGM RNS, expect share price changing news very soon.

[countbasie1] 21/3/2025 09:50:09

Death knoll

[paulsavannah] 20/3/2025 18:47:00

Read the RNS early week regarding the EGM to approve the issue of extra shares.

[snooker40] 20/3/2025 18:22:05

How are they going to get a higher share price?

[snooker40] 20/3/2025 18:19:24

Where as the figure 5 Billion come from?.

[pwhite73] 20/3/2025 17:54:41

Snooker40. If you are to buy now is the time to do so because the share price is so low. If they dumped all 5 billion on day one after the EGM all they would raise is about £1.25 million at 0.025p. There is no point in them raising now with the share price so low. They need a higher share price to utilise the 5 billion shares.

[snooker40] 20/3/2025 15:54:09

I would not buy shares now because there will be substantial dilutions after the EGM but DL will save the company and embark on the 5 year plan.

[simonsmithiv] 20/3/2025 11:20:52

He could have done that a year ago, why drag it out. It's been through so much to get here, I doubt he'll let it fail now. That's just deramper hysterics imho.

I'm with PaulSavannah. It's like sticking a few quid on a horse, or the lottery, you may lose the lot or win big, better odds here I'd say.