Ethernity Networks Share Discussion Threads

[realdealy] 18/5/2024 15:10

Basically another death spiral finance.

News doesn't matter with that in play.

[purchaseatthetop] 18/5/2024 14:19

It’s Illan Tevet talk!

What is a Strategic Initiative?

A strategic initiative is a project or action that is carefully defined and designed to achieve your project objectives, helping to bring your strategy to fruition. A robust strategic initiative is:

Clearly defined
Measurable and supported by key performance indicators (KPIs)
Crafted to meet team and organizational objectives



Weirdly, it is exactly what Skid has been demanding all along.

[blue square] 18/5/2024 13:54

Whats embarking on strategic
initiatives mean anyway.
Are getting orders in the normal
course of business "strategic
initiatives"

[blue square] 18/5/2024 13:43

The overall RNS was confusing,
perhaps intentionally.

[purchaseatthetop] 18/5/2024 13:43

It seems that we are moving into a news rich time with Tarana. I imagine this is part of the plan. I fully agree that death spiral can become a huge problem. But the evidence is that the lender can equally make money on a rising share with good news.

“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. The customer's rollout ramp-up plan for the second-generation product is scheduled to take place during 2025.”

[washingmachine] 18/5/2024 13:39

I’ve heard 50 quid
Can’t confirm, why not try ringing the actual broker with your concerns
Like experienced investors do !

[purchaseatthetop] 18/5/2024 13:38

It was wrong it turns out Kcowe.

[blue square] 18/5/2024 13:34

One question needs to be answered
they state the gross amount of
£800 000, what is the net amount.

[kcowe] 18/5/2024 13:32

Patt thought they were going to raise at 5p plus after good news ... what happened to that Idea ?

[washingmachine] 18/5/2024 13:04

The VRS talk has rattled him
And 100 percent certain he has a hefty position
Significantly higher than current share price
He also has several pending court cases against him
Pwhite deny any of it if you dare ?

[bbmsionlypostafter mk2] 18/5/2024 13:04

FGS STFU & FO!

[purchaseatthetop] 18/5/2024 12:41

Pwhite. Then explain this…

“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.”

[bbmsionlypostafter mk2] 18/5/2024 12:31

If you stop answering this nutcase he may go away.

[pwhite73] 18/5/2024 12:30

patt - So far nobody has been able to disprove the £800k raise being made up of: £400k funded by 40m shares being issued now at 1p plus. £400k funded by unknown numbers of shares.."

Your summation and calculations are erroneous. Read what the RNS says very carefully.

"The amount available to be exercised under the Warrant is £800,000, less the value of the 40,000,000 Subscription Shares"

This clearly tells you there is no known value for the subscription shares as yet. If the 40m subscription shares were at 1p the value of the warrants would be only £400k not £800k.

The lender is protected by having the right to exercise warrants to the full value of the loan which is £800k in the event of a total collapse of the share price.

Lets deal with some scenarios.

1. If the lender subscribes for 40m shares at 1p on the 24/05/24 and assuming no movement from yesterday's closing price the lender would be down by £140k on day one. 1p - 0.65p x 40m = £140k.

2. Assuming no movement in the share price for 45 days from yesterday's closing price the lender can recover the £140k shortfall by exercising warrants to the value of £660k on the 46th day.

3. Finally let's take the worse case scenario. Two weeks from now Tarana announces it has cancelled its contract with ENET. If the lender is still holding the 40m subscriptions shares it supposedly bought for 1p the shares would collapse in value.

The lender can then seek to recover the full £800k at any time over the next eight months by the issue of warrants.

"The Warrant has an eight-month exercise period and can be exercised in full or in part with a maximum of five exercise notices being issued in total."

That the lender has eight months in which to recuperate £800k via a VWAP tells you this is a death spiral finance dressed up as a strategic investment.

I trust and hope this puts your 1p 40m subscription price to bed once and for all.

[washingmachine] 18/5/2024 11:30

PATT i had to ring one of ENETs brokers to confirm explain clearly to me the RNS
Luckily before the market picked up on it, has i did not have a position beforehand.
Imo ENET is priced still to go bust, which on every present metric it’s NOT !

[purchaseatthetop] 18/5/2024 11:18

Snooker. The closing bid/offer was 0.779/0.712 but the MMs headline was 0.85/0.65 which are for guidance only. We actually ended up for the day in real trades.

Big big event next week and cash raise out of the way. Maybe first news.

[purchaseatthetop] 18/5/2024 11:07

Pwhite. Nothing you say makes any sense after finding out you are invested in VRS. About the only company that makes ENET look Blue Chip.

So far nobody has been able to disprove the £800k raise being made up of:

£400k funded by 40m shares being issued now at 1p plus
£400k funded by unknown numbers of shares starting in 45 days from receipt of funds depending on share price but with the statement “ 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.”

So, not a presold heavily discounted raise as you promised. Actually a raise at 50% premium on half the money with the distinct possibility that the actual conversion may be at far higher than 1p so less shares.

My panic was because i initially thought it was the deeply discounted raise. The market thought so too for a while. But the real nature took,a while to become clear. Given the history here with discounted placings it was sensible to check and recheck.

[russ42] 18/5/2024 10:42

As usual patt is wrong by 300% and the bears are wring by 70% And patt thinks he is right. 🤡

[snooker40] 18/5/2024 10:26

Investing.com and ii both quote 0.75p
Tha Adfvn graph at the top of this thread showd 0.75p. The last trade No 67 on Adfvn actually showed a trade of 0.779p and second to last of 0.85p. LSE shows the same closing prices as Adfvn.

They will do for me and my portfolio of shares are priced at 0.75p.

The Bid and Ask prices are rarely the trading prices when you actually place a trade. You know that so stop trying to scaremonger because it does not work.

[pwhite73] 18/5/2024 09:55

Snooker40 - "To finish Friday at 0.75p, after seeing some sellers get 0.64p early on"

You did not finish Friday on 0.75p. You finished Friday on 0.65p. For shareholders it is the bid price you judge the value of your investment by not the mid or offer price.