Ethernity Networks Share Discussion Threads

[serratia] 25/6/2024 13:21

Is there a price whereby Bergen could potentially own 30% of the company ?

[purchaseatthetop] 25/6/2024 13:21

Very quiet out there today. Almost no trades. Everybody waiting. Just waiting.

[papillon] 25/6/2024 12:40

🤣 dplewis1

[dplewis1] 25/6/2024 12:36

If they describe a 13% drop as a rout, I wonder what they would say when they look at Ethernity's 3 year chart..

[papillon] 25/6/2024 12:12

"Nvidia’s 13% Stock Rout Has Traders Scouring Charts for Support"

[bantamboy] 25/6/2024 12:02

DAVID LEVI IS A LIAR AND A THIEF 😠😠

[purchaseatthetop] 25/6/2024 10:42

Papillon.
Remember to change your Tena pants. Have a good day.
Posting on shares that you will never buy again. Funny.

[purchaseatthetop] 25/6/2024 07:25

Come on arthur. It’s quite clear. It ain’t good but it’s quite clear.

[arthur_lame_stocks] 25/6/2024 06:50

Just had another look and the RNS is so obliquely written that I reckon they can keep issuing shares and flogging them on as much as they like. I guess you'd have to read the actual legal agreement if there is one and then hope it'd held up under British law.

Best of British with that.

[dplewis1] 25/6/2024 06:45

Calamity Dave. The more complex the funding the lower the credit quality of the company. Certain people full of praise for the new CFO and she goes and does that.. and I bet the useless chairman doesn't have a clue either

[purchaseatthetop] 25/6/2024 04:02

It is not difficult to understand as long as you have an IQ of 180 and can allocate 3 days to analyse the RNS!

The loan is £800k.
New Tech (Bergen) get 40m shares up front at a price to be determined.
New Tech get a contingent warrant for an unstated future number of shares.
Until 7/7/24 New Tech could convert another 40m shares at 1p to complete repayment of the £800k adding in the original 40m shares (which they won’t of course)
At 7/7/24 Tech Trch can convert warrsnts to repay their loan
They can convert at VWAP less 15% of five lowest days in previous 20 trading days
Say on 8/8/24 this is 1.2p
Thry can convert a max of £800k less (40m * 1.2p) which is £320k at 1.2p so 21.3m shared. The original £40m are valued at the 1.2p exercise price so loan considered repaid at that moment.
Instead if the VWAP is 0.8p on 8/8/24 they can convert a maximum of £800k less (40m * 0.8p) which is £480k at 0.8p so 60m shares.
If they only part convert the balance of the loan then the calculation is done again on the second conversion but with the loan £800k reduced by the value of the shares converted on the first conversion. So if 1.2p snd 15m converted the £800m is reduced to £620k.

That’s the way it works.

[arthur_lame_stocks] 24/6/2024 22:44

Actually I've just had another look at the funding agreement and although it's very hard to understand, as far as I can see whether the price is above or below 1p at the time of exercise New Tech can get a minimum of £800k new shares for free on top of the loan and possibly as much as £4m of free shares.

[arthur_lame_stocks] 24/6/2024 21:05

I thought I'd explain the fundraising to you all.

New Tech, whoever they are, get 80,000,000 shares for 0.15p each and then sell them into the market.

ENET still owe New Tech £800k.

Where did that 40m dollars go?

[the technical trader] 24/6/2024 19:56

Fingers crossed then. Looks like this week. Hope it’s not 7am as I’ll be buying a few.

Note to self: Do your analysis while the market is open. 😎

[purchaseatthetop] 24/6/2024 19:20

News expected? Might be.

Tarana G1 reorders
Tarana G2 first production order
UEP2025 first orders
Remote OLT licence contract
Tier 1 US military licence deal
Etc
Etc
Etc

Will we hear anything? That’s the only missing thing right now.

[the technical trader] 24/6/2024 19:05

Any news expected?

The chart is crying out 2p and 4p targets.

[realdealy] 24/6/2024 12:44

In other words

LAST CHANCE SALOON.