Ethernity Networks Share Discussion Threads

[gerihatrick] 18/12/2020 14:02

I found the VSA interview informative and DL seemed very relaxed and knowledgeable. I hold and have taken up my 20p warrants and will take up my 30p warrants when the time comes

[astralvision] 18/12/2020 13:49

Hi g the gJust my take on the matters you raiseRe 5G Innovation, the suggestion is that they are strong backers of the company, possibly Israeli based. They've hardly behaved aggressively to date so no reason not to assume that that will continue.Re Advisor shares, chances are that Peterhouse have already found a home for them so I don't expect to see any affect at all, besides it was for a modest 216,666 shares, not a lot.Re 30p warrants activated over 40p. Interest in ENET is increasing all the time as investment circles become aware of ENET.If there is some selling by warrant holders imo it will aid liquidity and they will soon be snapped up.GLA

[greg the grinch] 18/12/2020 12:42

Hmm.... they got them at 21p......will they sell some?

Will they take the second tranche?

Advisor shares hitting market on Monday.

Hmmm... now where is that crystal ball?


It will also be interesting to see how the 30p warrants pan out because some will be in bigger profits and of course they are 50% more expensive so more likely to see forced selling.

[greg the grinch] 17/12/2020 15:21

I cant be bothered to check but I seem to remember some allow one day settlement.

Most will be on 2-3 days.

GLA

[trent1966] 17/12/2020 14:40

https://urldefense.com/v3/__https://www.youtube.com/watch?v=tskXEL4Y9vA__;!!Ei9jbvzSmg!D59O4TztigBFmZ_usVbhd7MVHqEUszBBi3Bec_BAOsOL6BFT9XGUVhtvEKM6bXiLxx6W_Q$

[collywobbler] 17/12/2020 14:24

True grinch you should post that on lse

[greg the grinch] 17/12/2020 12:33

We are not out of the woods yet. :o)

Despite what they say on LSE, it is not too late to sell shares and use that money to buy warrants. Depending on the account, you can get the cash in as little as 2 days.

Also some might buy warrants and sell shares just to get some profit, etc

I need a crystal ball. :o)

Academic but, they did not have to enable the 7 day deadline directly after the 5 days - they have discretion on that, e.g. what if the 5th day was just before the start of the Xmas holidays?

Anyway, interesting to see how this pans out.

[escapetohome] 17/12/2020 11:53

A sharp turnaround! Very welcome.

[astralvision] 17/12/2020 10:03

On the move again, steady, for ENET, buying.

[escapetohome] 16/12/2020 10:04

Yup, i wonder how long the market makers can sustain this price?

All buying.

There could be a sharp turnaround.

[astralvision] 16/12/2020 09:48

Well, practically all buys so far today.

[astralvision] 16/12/2020 09:10

From what I can understand most of the shares in the raise went to long term holders and supporters of ENET and therefore it's likely that relatively few of these will make their way to the market.Bound to be a few, I would guess, but that should aid liquidity here so I don't see a problem, on the contrary, the extra funds raised is great.Wouldn't surprise me if these got tipped over New Year. Look forwards to over 40p and the 30p warrants would then come into play raising another c £1m for the co.

[dplewis1] 16/12/2020 09:02

I'm a warrant holder and have exercised them but I'm not selling any. It's a nice way to add to my holding at a discount to the current SP

[astralvision] 16/12/2020 08:51

Roughly 1.7m warrants outstanding, so that will bring in another £340k on top of the other recent warrant money. All very handy.It remains to be seen if there will be much profit taking from warrant holders.

[escapetohome] 16/12/2020 08:50

Oh well , it dipped back down again, but i hope not below the trend line i can see on the graph. That looks to be about 27p.

[cordwainer] 16/12/2020 07:16

Surely this implies some profit-taking ahead?

[alcopop] 15/12/2020 16:45

Yes indeed. Interesting to see what happens.Here is the relevant extract from 13 Jul RNS regarding the Warrants ;WarrantsAs part of the Fundraising the Company will issue to investors one warrant for every two New Shares to subscribe for a further new ordinary share at a price of 20p per ordinary share ("20p Warrants") and one warrant for every two New Shares to subscribe for a further new ordinary share at a price of 30p per ordinary share ("30p Warrants"), both with a life term of 12 months from the date of Admission (together the "Warrants"). The Warrants are not transferable and will not be traded on an exchange.The Warrants have an accelerator clause. The 20p Warrants will vest if the closing mid-market share price of the Company exceeds 30p over a 5-consecutive day period within 12 months of Admission. The 30p Warrants will vest if the closing mid-market share price of the Company exceeds 40p over a 5-consecutive day period within 12 months of Admission. The Company may serve notice ("Notice") on the Warrant holders to exercise their Warrants in the event that the vesting criteria is met. In the event the Company serves Notice, any Warrants remaining unexercised after 7 calendar days following the notification of the Notice will be cancelled.In addition, Peterhouse has been issued with 216,666 warrants to subscribe for a further new ordinary share at the Placing Price per ordinary share. The warrants have a life term of 12 months from the date of Admission.

[greg the grinch] 15/12/2020 16:36

Accelerator clause can now be hit... now to wait and see if it used.

[cordwainer] 12/12/2020 04:22

I was in at 26.4p on 2nd December. Didn't expect a 25% gain quite so soon.

[greg the grinch] 10/12/2020 13:01

Might see 40p by the weekend.

[greg the grinch] 10/12/2020 12:59

Quadruple cripes! .... not sure I have uttered that before.

[babbler] 10/12/2020 09:48

Yup. Basically funding his company. No placing just convert his warrants. And no he won't flip them.

[ttlance] 10/12/2020 08:32

10 December 2020

ETHERNITY NETWORKS LTD

("Ethernity" or the "Company")

Exercise of 20p Warrants by David Levi, CEO

Ethernity Networks (AIM: ENET.L), a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks, announces that it has received notice from David Levi, Ethernity's Chief Executive Officer, to exercise warrants, at 20p per share ("20p Warrants") to subscribe for 666,667 new ordinary shares of NIS 0.001 each in the Company ("Ordinary Shares"), following which David Levi will have an interest in 8,767,900 Ordinary Shares, representing approximately 20.6 per cent. of the Company's enlarged issued ordinary share capital.

Following this exercise, a total of 2,895,834 20p Warrants remain issued and unexercised.

Application has been made to the London Stock Exchange for 666,667 new Ordinary Shares to be admitted to trading on AIM ("Admission") and Admission is expected to occur on or around 15 December 2020. The new Ordinary Shares will, upon issue, rank pari passu with the existing Ordinary Shares in the Company.

Total voting rights

Following Admission, the Company's enlarged issued share capital will be 42,483,984 Ordinary Shares. The Company holds no Ordinary Shares in Treasury. This figure of 42,483,984 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

Ethernity Networks

Tel: [phone]

David Levi, Chief Executive Officer



Mark Reichenberg, Chief Financial Officer







Arden Partners plc (NOMAD and Joint Broker)

Tel: [phone]

Richard Johnson / Benjamin Cryer







VSA Capital Limited (Joint Broker)

Tel: [phone]

Andrew Monk, Corporate Broking



Simon Barton, Corporate Finance







Peterhouse Capital Limited (Joint Broker)

Tel: [phone]

Lucy Williams / Duncan Vasey / Eran Zucker

[alcopop] 10/12/2020 07:51

Serious skin in the game and still adding

[babbler] 10/12/2020 07:50

David Levi will have an interest in 8,767,900 Ordinary Shares, representing approximately 20.6 per cent. of the Company's enlarged issued ordinary share capital.