Ethernity Networks Share Discussion Threads

[pwhite73] 19/6/2024 12:57

patt - "BTW the 1p figure means nothing. The value of the pre allocated 40m shares is solely determined by the subsequent conversion prices."

The 1p figure is important if shareholders are not to be diluted into oblivion. The lower the share price the more shares Bergen need to convert to recuperate the £800k loan. If the share price is 2p throughout the eight month period or if Bergen sell the 40 million subscriptions shares for 2p they cannot exercise the warrants.

40m x 2p = £800k

40m x 1p = £400k so Bergen can exercise warrants to the value of £400k

40m x 0.1p = £40k so Bergen can exercise warrants to the value of £760k.

You want the share price as high as possible to reduce the number warrants Bergen can convert.

[skid35] 19/6/2024 12:38

No they 100% weren't working with Cisco. This states an ethernity product (which has sold nothing) integrates with a component which uses protocols used by Cisco.

[purchaseatthetop] 19/6/2024 12:13

PW. I knew they were getting funding and had looked at a discounted placing but only about 0.3p would be possible. So they actually joined with Bergen for this innovative solution. Cash when it was needed without having to simply give traders a field day. My view is that DL is simply waiting till close to 7/7/24 when amazingly several RNSs will appear. Bergen can exit with profit and dilution will be minimal.

BTW the 1p figure means nothing. The value of the pre allocated 40m shares is solely determined by the subsequent conversion prices.

[bbmsionlypostafter mk2] 19/6/2024 12:04

Interestingly, the post a couple after that shows far greater prescience.


bbmsionlypostafter Mk2
18 Jun '24 - 15:29 - 36635 of 36696 Edit
0 2 1

Anyone who knows of PW & his pronouncements on what not to buy will have just doubled their stake in ENET.

[pwhite73] 19/6/2024 11:54

patt - "According to my contact inside the company this is exactly what they planned and expected and things will get very very interesting when they RNS contracts."

So you have contacts inside the company that told you the plan was to return to Bergen after the shenanigans last time and drop the share price to 0.50p.

I would hazard a guess the shares are deliberately being bought up to coincide with the 1p level required for the 45 day conversion reset date which I believe is 01/07/2024. Whether the plan works is yet to be seen.

It is mischievous to suggest the shares are rising on soon to be announced contract news that everybody and Tiggy the cat seems to know about except the long suffering shareholders.

[bbmsionlypostafter mk2] 19/6/2024 11:53

Top of the Gainer's Board right now, up 30.77%!!!!

[bbmsionlypostafter mk2] 19/6/2024 11:28

Quiet here today. Where are all your haters, PATT? Have they gone long?

[purchaseatthetop] 19/6/2024 11:00

They were working with Cisco.

[skid35] 19/6/2024 10:57

We now only work with companies who pay us. Virtually next sentence, not for outside this room but we are working with Cisco and juniper with MR nodding his head along with DL. This was 100% fabrication with zero basis in fact.

[eeza] 19/6/2024 10:56

The problem with Levi is that nothing turns out as he expects. e.g. at the start of last year he was going to treble revenue - Lol !!!



He is a fantasist. Dreamer. Corporate disaster.

[purchaseatthetop] 19/6/2024 10:43

2022. Parallel Wireless lay off 80% of their staff. Because 5G collapsed. Happened to everybody. But I was not at the face to face meeting so cannot comment on what you heard.

[skid35] 19/6/2024 10:35

No. They lied through their teeth as well as being 100% incompetent / deluded / naive with customers.

[purchaseatthetop] 19/6/2024 09:57

According to my contact inside the company this is exactly what they planned and expected and things will get very very interesting when they RNS contracts.

Dplewis and skid are still bitter that they were outright lied to back in 2021 when the BoD told them in a face to face that everything was about to explode. They took that rather personally. The way I see it is that the whole industry expected 5G to explode. But it didn’t. Does that mean everybody lied? No, everybody got it wrong.

However, instead of being devastated and whatever, DL pivoted the IP to broadband access especially now remote OLT units. The demand of these is going to be huge beyond huge in the next five years as 10G and then greater XGS PON etc arrive in FTTP. Remote OLTs especially future proof reprogrammable ones are the future.

Finally I think they have a bells and whistles solution that the market needs.

[bbmsionlypostafter mk2] 19/6/2024 09:30

Now #1 on the Gainer's Board!

[realdealy] 19/6/2024 09:01

Myles McNulty still in?

Can he give it a push on news.

Thanks.

[purchaseatthetop] 19/6/2024 09:00

Skid. I think you misunderstand the conversion.

They can convert up to five times at 15% discount to the aversge price etc etc.

Say they convert at 0.8p.
They can convert £800k less (40m*0.8p) so max of £480k at 0.8p.
Say they convert £200k because they don’t want 30% holding.
So they get £200k/0.8= 24m shares.
The balance of the loan is then £600k.

A few weeks later the share price is 1.2p.
They can convert £600k less (40m*1.2p) so max of £120k
So they get £120k/1.2= 10m shares.
The balance of the loan is then £480k.

They then cannot convert sny more until the share price drops below 1.2p.

[realdealy] 19/6/2024 08:59

Oversold hence the rise.
No explanation needed.

[bbmsionlypostafter mk2] 19/6/2024 08:58

#2 on the Gainer's Board! Up 27% on no news.