Ethernity Networks Share Discussion Threads

[astralvision] 25/5/2023 07:17

No it isn't, might be absolutely brilliant at these levels

[astralvision] 25/5/2023 07:17

kcoweTbf it was MR that made the 'no brainer' comment. And seeing as he's the most inept fd ever, that puts it in context.

[astralvision] 25/5/2023 07:15

I seem to remember MR once saying they couldn't or wouldn't change the price of the warrants. Still, desperate times call for desperate measures I guess.Mind you, 7.5p would be a result from where we are now.

[kcowe] 25/5/2023 07:15

Just shows what belief the company has going forward ... moved the goal posts .. Thought 20 p was a no brainer .. the company is a laughing stock ... as ia PATT and 504

[dplewis1] 25/5/2023 07:15

Astral I think the part you highlighted is to do with the dreaded "financial strength requirements" that tech firms will look for and that Ethernity are clearly lacking

[joinednow] 25/5/2023 07:14

I hope so, but my guess is no.

[astralvision] 25/5/2023 07:14

No, no more shares to be issued, exactly the same number, but for 40% of the value they would have been if the warrants stayed at 15p

[dplewis1] 25/5/2023 07:13

Yes, bit of an embarrassing flip flop but 20p was just too far off. Amending my odds from 1000/1 to 25/1

[astralvision] 25/5/2023 07:13

Re'...further strengthen the Company's balance sheet and provide additional confidence to prospective customers as to the Company's financial position. 'Are they anticipating the shares reaching 7.5p soon?Otherwise why else say about prospective customers?

[joinednow] 25/5/2023 07:11

Does this mean more shares will be issued? ohh noo!!

[astralvision] 25/5/2023 07:10

Sensible move tbf.7.5p a lot more realistic than 20p.Got 18months + to get there

[joinednow] 25/5/2023 07:10

Well , enet said it would be easy, you just lower the price!!

[dplewis1] 25/5/2023 07:05

Lol at that RNS. Basically admitting 20p ain't happening

[astralvision] 25/5/2023 07:00

Having said all that, I do feel the market cap is ridiculous but when you do a 50% discounted placing a few months after a 30% discounted placing, you can't realistically expect anything else.