Ethernity Networks Share Discussion Threads

[washingmachine] 17/5/2024 13:47

The thread is infested with clueless morons
Embarrassing

[blue square] 17/5/2024 13:45

Still disappointing all the money
went after after only one creditor
payment, still 3 payments scheduled.

[pwhite73] 17/5/2024 13:44

patt - "If you cannot read the RNS then that is your problem pwhite."

No. It's everybody's problem when false statements are being made.

[washingmachine] 17/5/2024 13:44

Who’s right
Gone blue … lol lol

[purchaseatthetop] 17/5/2024 13:37

If you cannot read the RNS then that is your problem pwhite. Plus there was clearly no forward selling as you say. The price dropped because I financing was likely. That has happened. Hence the lack of market reaction. Factored in already.

[pwhite73] 17/5/2024 13:21

patt - "The total shares will be 80m. 40m by closing and another 40m by warrant"

RNS 17/05/24 - "Total voting rights - Application will be made for the admission of 40,000,000 Subscription Shares to trading on the AIM, and dealings are expected to become effective on or about 24 May 2024 ("Admission"). On Admission, these new Shares will rank pari passu with the Company's existing Shares. Following Admission, the Company will have 417,642,243"

RNS 19/12/23 " Total voting rights - Following Admission, the Company's enlarged issued share capital will be 376,721,091 Ordinary Shares."

Where have you got an additional 40m shares from and I stand by what I said about forward placing. This is what was holding the price back.

[washingmachine] 17/5/2024 13:17

Company changing contracts are about to drop , which will significantly revalue ENET
The market agrees, has you all can see to todays market reaction to funding.
You listen to a clown like PWhite you could have been holding VRS like him.

[blue square] 17/5/2024 13:16

In the best case scenario,
they are giving away 17.5% of
the company for £800 000

[purchaseatthetop] 17/5/2024 13:12

“In consideration of the gross Fundraise proceeds, New Tech has been granted a contingent warrant exercisable over new ordinary shares of ILS 0.001 each ("Ordinary Shares") as described below (the "Warrant"), and at Closing, the Company will issue 40,000,000 new Ordinary Shares (the "Subscription Shares") to New Tech.”

“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.”

If you are going to post then please try to get it right. The total shares will be 80m. 40m by closing and another 40m by warrant ( or more if exercised at less than 1p)

Glad to help. By the way, you said it was being presold as a discounted placing. That was wrong too.

[pwhite73] 17/5/2024 13:06

patt - "2) contract news released that raises the share price above 1p which means only 40m shares clear the debt. The lender makes lots of money selling at above 1p."

Read the RNS - "Structured investment deed to raise £800,000"

40m x 1p is only £400k. The lender needs a price of 2p to get their £800k back.

As I posted earlier the 40m is nothing to do with £800k loan. Its effectively a one off fee for arranging the high risk loan.

[snooker40] 17/5/2024 12:09

People are definitely in one of two camps. I am still in the positive camp. The contracts are still expected to be signed but revenue is needed to get to the point of signing. Tarana is pushing the BEAD programme with its marketing but again applications have to be tendered to qualify before any order is realised. Tarana can support the process.Tarana and ENET are ready for part and finalising developments to embrace the 6GHz spectrum and associated hardware and software.
Its all about timing!!! .... and can you wait ? I can and will.

[realdealy] 17/5/2024 11:50

Let's face it , this is not turning around.

Value has been destroyed here.

Some would say we're.lucky to have something.

But this is a share that will continually confound and deliver them nothing.

[realdealy] 17/5/2024 11:38

This company will not be breaking out.

[orkneyarab] 17/5/2024 11:33

You can tell the measure of the man as he continues to make excuses for the management's incompetence.

[halland75] 17/5/2024 11:19

You are only here for pride's sake Convict, you know you're riding an aged dog.

You're a Loser, we all know it and deep down so does he.

[purchaseatthetop] 17/5/2024 11:01

With monthly costs of only $330k it can rapidly go from burn to stable. But needs revenue clearly. DL has behaved very well since TSP and followed a plan. I hope this is part of the plan so that they have the cash they need to breakout.

[blue square] 17/5/2024 10:57

It obviously does not cover the bills
another raise will necessary reguardless of new contracts

[purchaseatthetop] 17/5/2024 10:51

“We are pleased to report continued revenue growth in 2023 from our U.S. fixed wireless broadband solution customer. Furthermore, we are actively engaged in the development of a second-generation product for this customer. This development effort is ongoing in 2024, and we have been advised that the customer anticipates placing new orders for both the first and second generation products throughout the second half of 2024”

Add this to a new extra contract and things would be very different. But we will see.

[blue square] 17/5/2024 10:43

Even if a contract comes, a further
share raise will be required.

[purchaseatthetop] 17/5/2024 10:38

OK. Had a decent look at the raise.
Basically the company has 65 days to release contract news. This is the 45 days fixed 1p warrant price plus the 20 days where the warrant price can become lower. After that the warrants are market share price less 15%.
There are two paths:

1) no new contract news is released and then the warrants become death spiral (like Bergen) with ever greater numbers being converted and sold on. Or

2) contract news released that raises the share price above 1p which means only 40m shares clear the debt. The lender makes lots of money selling at above 1p.

So, we need contract news.

[eeza] 17/5/2024 10:34

Rather gives the lie to Levi's statement, earlier this year, there was huge growth in FWA revenue, when he has to agree a Bergen Mk2 convertible bond (aka death spiral) to keep the lights on.
3 months out of TSP and already out of cash. New contracts will only save the Co if they come with LARGE upfront payments. Tarana revenue obviously not enough to cover running costs.
1.5p options will need a reset. Deja vu.

Levi is a complete & utter fantasist. Walter Mitty.

[bbmsionlypostafter mk2] 17/5/2024 10:32

Down <7% after a fundraising announcement is actually pretty good news for holders here. If it gets anywhere near a blue finish it'll be a good day for ENET.

[realdealy] 17/5/2024 10:17

Funds ... KY jelly more like.

THIS IS GOING NOWHERE.