Ethernity Networks Share Discussion Threads

[realdealy] 06/7/2024 18:46

Apparently so

PWhite735 Jul '24 - 18:41 - 19009 of 19012
0 2 0
Yes it is and the share price as well. Up from 0.06p - 0.07p to 0.07p - 0.08p. Still awaiting breakout news. It will come

[socionomics] 06/7/2024 18:26

PW is bullish VRS? Oh dear ?

[antonagis] 06/7/2024 17:52

Let’s be brutally honest with all the clown town investors and rampers like PURCHASEATTHETOP and his DADDY amongst others on here. Even 10 deals of a million pounds wouldn’t elevate this beyond 5p let alone recover the huge losses the clowns have suffered here. Pure greed is what would drive people to invest in yet another AIM disaster like this. The casino or a lottery ticket would give better odds of a return on investment.

[realdealy] 06/7/2024 16:06

Know your limitations or be a fool.

[purchaseatthetop] 06/7/2024 15:53

Weird. It is the most important RNS right now.

[realdealy] 06/7/2024 15:51

I wouldn't be so stupid to try to make sense of it at all.

[purchaseatthetop] 06/7/2024 14:22

You think that Pwhite, who thinks VRS is the greatest company in the world, is right? Good luck with that one. Try reading the RNS and make up your own mind. If you can read of course.

[realdealy] 06/7/2024 14:16

It won't be you that's for sure I promise.

One hundred trillion trillion pounds to the power 100 trillion to the power infinity I wager on p white being correct.


That how wrong you are

[realdealy] 06/7/2024 13:01

Far better if the company wrote clearly for their long term investors.

LONG LONG TERM.

[purchaseatthetop] 06/7/2024 12:42

Funny how one RNS can be read so differently. We will see who is right.

[pwhite73] 06/7/2024 12:38

The funding deal is not a bad as you think. In previous Bergen deals the further the share price fell the greater the dilution. This time round ENET has put in place the subscription shares as a safety net. The maximum Bergen can make is £800k plus 15% which is another £120k totalling £920k if the subscription shares are priced at 0.0000001p. If the subscription shares are any higher the number of shares that can be converted from the warrants is less.

Ultimately Bergen want to make their money from the subscription shares not the warrants. If the subscription shares are priced at 3p it means the value of Bergen's holding is £1.2m. This is preferable to warrants valued at a maximum £920k.

If you think Bergen can maximise the warrants at £920k and still have subscription shares valued at £1.2m you have misunderstood the RNS.

Speak Later.

[purchaseatthetop] 06/7/2024 12:18

Read the RNS. It is quite clear. Also it is best to assume the worst. Then you won’t be disappointed. You “think” it is something else. Just take the RNS phrase by phrase and you will “know”. It is extraordinary for me, a strong believer, to be arguing with you, a naysayer, that the funding deal is actually potentially worse than you think it is!

[pwhite73] 06/7/2024 11:17

patt - Where we disagree is on the words - "calculated by reference to the relevant exercise price"

You think this refers to the subscription shares. I think this refers to the warrant exercise price.

[bunlop] 06/7/2024 11:13

If we are very lucky the 45 day reset period also does not count towards the going back 20 days part of it. So perhaps the first going back 20 days is Monday 8th July.
That would make sense in a way. Can't detail the whole of the details in a RNS.

[purchaseatthetop] 06/7/2024 11:06

Pwhite. You are missing a bit….

“The amount available to be exercised under the Warrant is £800,000, less the value of the 40,000,000 Subscription Shares, calculated by reference to the relevant exercise price”

The value of the subscription shares is exactly the same as the 5 day VWAP aversge exercise price based on the five historical days. Not the present value. Because the RNS says so.

[purchaseatthetop] 06/7/2024 11:03

Sorry. Typo. 8/7 not 7/7! But you know what I meant.

[pwhite73] 06/7/2024 11:02

patt - "The present value of the actual shares is utterly irrelevant."

We've been over this a 100 times before and will just have to agree to disagree. ENET has deliberately and specifically put in an anchor to limit the number of shares Bergen can convert and that anchor is the subscription shares.

The conversion price could be 0.00000001p but if the value of the subscription shares exceeds £800k Bergen cannot convert.

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

[pwhite73] 06/7/2024 10:54

DW - The shares were admitted on the 23rd not the 24th.



Key Shareholders
Significant shareholders as of 23 May 2024

Shareholders Shares %Holding
David Levi 20,949,065 5.02%
Cipio Partners Fund VI S.C.S 5,722,000 1.37%
Shavit Baruch 5,760,438 1.38%
Pix Epsilon Pte. Ltd. 2,476,000 0.59%
New Technology Capital Group, LLC 40,000,000 9.58%

[daddy warbucks] 06/7/2024 10:50

We also have to assume that the 'shares' were admitted on the 24th. I'm not sure when they were admitted. It could have been later, which allows more time before re-valuing.I would like to see news on Monday, but who knows?

[daddy warbucks] 06/7/2024 10:47

"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"Not counting the 24th May, I make the 45?day period ending at close of business on the 8th July. That makes sense, because they say at close of business, would not be on a Sunday!

[purchaseatthetop] 06/7/2024 10:41

Pwhite. It is funny when you show your complete lack of understanding.

The reset date is 7/7/24. Then New Tech can convert and go back 20 trading days to select their five lowest VWAP days. The lowest were around 10/6-17/6. So New Tech, if they wish, can issue a conversion notice on 7/7/24 so whatever they want based on the average VWAP for those five trading days. The present value of the actual shares is utterly irrelevant. Issuing news last week would have made no difference.

[pwhite73] 06/7/2024 10:28

The 45 days is up on Sunday 7th July 2024. In order to limit the number of warrant shares issued after the reset ENET would have released the Tarana news this week as you suggested to boost the share price.

Remember the conversion formula is $800k - value subscription shares. So irrespective of the 0.65p being within the 20 day trading range if the subscription shares are valued at 3p ENET cannot convert as $800k - 40m x 3p = is a negative sum (even allowing for your fictitious 15% discount on the subscription shares).

ENET tried to mitigate against the conversion with the aerospace deal which I do not personally believe exists but a Tarana deal would have sealed the fate of Bergen exploiting the shareholders.

That ENET has made no announcement of a Tarana deal going into the reset period tells you it does not exist.

[purchaseatthetop] 06/7/2024 09:14

Exactly pwhite. And if they are going to rape the compsny as much as possible then they will do a decent sized conversion Monday or Tuesday. Otherwise the lowest price VWAP of 0.65p will be outside the 20 trading day window. So, that will tell us a lot.