Ethernity Networks Share Discussion Threads

[blue square] 17/5/2024 08:04

If they have run out of money already
it means there will be another share
raise down the line at some point,
this is just a stop gap raise, half
of it will be gone on the next
creditor payment of $400 000 at the
end of July.

[chester9] 17/5/2024 07:48

DL is telling us that he believes 40m is max dilution. .Sadly we have heard it all before. .It's the hope he is definitely a glass half full man. At least he has skin in the game but he was a lot wealthier 5 years ago.

[hazelst] 17/5/2024 07:47

I can't wait to see what the charity thief has to say, I bet it's f@cking hilarious.

[halland75] 17/5/2024 07:44

Make that 10% down pre-market.

[dplewis1] 17/5/2024 07:41

Well it's a good job the TSP exit was so robust and we had all those relevant Tarana links. Yes they must have thoroughly checked the company had runway to break even.. lol. Use of proceeds - general working capital purposes .. they ran out of cash 3 months after exiting bankruptcy protection

[citycanary] 17/5/2024 07:40

40M shares at 1p is £400k. Does that mean that they're paying effectively 2p per share?

[chester9] 17/5/2024 07:38

Current 377m shares would go to 417m shares..10.6% dilution..Current share price .75p .Current MCAP 2.8m.Cash 800k.28% of MCAPDavid better get those contracts signed. . I've copied and pasted the above line from last 4 years. How is this company still going and not delivering.

[halland75] 17/5/2024 07:38

Thank gawd!

When your spin is finished, hang out my washing.
Lovely 🌞 out today.

[washingmachine] 17/5/2024 07:36

I’d say you have the passion, but not in a good way,
It’s goodbye from me.

[halland75] 17/5/2024 07:33

Robust defense from someone who isn't a holder.
What passion!

😃

Meanwhile.....
3.33% Down Pre-market.

[pwhite73] 17/5/2024 07:33

Wm - "Pwhite Not sure what you are talking about, it’s priced at 1 pence with a maximum of 40 million shares"

Don't confuse the subscription shares with the death spiral CLN. 40 million shares at 1p is equal to how much money?

[onsideman] 17/5/2024 07:31

If you work in finance you should recognise that with a share price of 0.0075, 1p may be 0.0025 percentage points above the current share price but it's actually 33% higher

[dplewis1] 17/5/2024 07:31

New Technology Capital are a proper chop shop. They invested in Simec Atlantis when it was 16p .. death spiral specialists

[washingmachine] 17/5/2024 07:29

Halland im not a holder here
Just look at all the mornings financial news released.
It’s a tumble but some one has to do it
:-)

[chester9] 17/5/2024 07:27

It highlights that DL drove this way of funding as well as MR. 45 days to get through half year and release good news. .If not it's Bergen again.

[washingmachine] 17/5/2024 07:27

Pwhite
Not sure what you are talking about, it’s priced at 1 pence with a maximum of 40 million shares
Do you understand what a CLN is ?
This is in no way or even similar to what you are suggesting.
I work in finance, So I’m very aware.

[halland75] 17/5/2024 07:27

Washingmachine just got rinsed.
🤣

[dplewis1] 17/5/2024 07:25

I wonder if the telegram group have worked out who "Rich Bob" is yet

[pwhite73] 17/5/2024 07:23

Washingmachine - "The instrument is priced at 25 percent above current market price at 1 pence,"

The investment is not above the current market price. This is a death spiral CLN dressed up as a strategic investment.

[dplewis1] 17/5/2024 07:21

It's probably Bergen again or a very similar outfit. Only yesterday patt was chirping on the Telegram channel that Tarana were handing over 175k a month.. he's conveniently awol this morning

[washingmachine] 17/5/2024 07:19

The instrument is priced at 25 percent above current market price at 1 pence,
With a Cap on 40M shares.
I’d say it’s positive, and can see the Shareprice rising on this news.

[juliemara] 17/5/2024 07:19

'..a leading supplier....'

Starts out with BS and just gets worse!!

[realdealy] 17/5/2024 07:14

Another shaky investment house never heard of them.

[realdealy] 17/5/2024 07:13

Patt wrong again.

I almost fell off my chair.

Does the blindingly obvious need to be stated?