Ethernity Networks Share Discussion Threads

[daddy warbucks] 23/7/2024 07:53

We don't know if New Tech are selling any at the moment, but volumes suggest they are very limited.They own just under 25% of the companies shares and with over 500 million in issue they would need to sell about 40 million before they needed to inform the market. ( under 24%)I am keeping a record of every days trades this time and when I have time I will calculate the VEAP .Good luck.

[socionomics] 23/7/2024 07:46

From FTC:

"The order is irrevocable, valued at $9m (£7.1m), and represents a continuation of demand for the E-band solid state power amplifier ("SSPA") modules to support the ongoing deployment of SpaceX's Starlink constellation which provides high-speed, low-latency high-speed internet to users all around the world. It is anticipated the order will be fulfilled in the current financial year."

[daddy warbucks] 23/7/2024 07:19

Morning Patt.
I can see where you are coming from, but the facts could also be interpreted differently.
New Tech offered the structured loan on the 17thMay.They we’re given an initial 40 million shares, sometime around the 23rd May as part payment.
There was an initial 45 day period where those 40 million shares would be priced at 1p a share. They could then adjust that price dependent on the lowest 5 day VWAP in the past twenty days.

So, 17th May deal done. 40 million shares issued around the 24th May.
After the 45 day period the adjustment of those shares was around the 8th July. (Approximately)
The 20 day calculated period we were all guessing started in June.
12th July, ( I think), New Tech took up their option to redeem some of the loan for another 98 million shares.
As you rightly said, sometime in the period between getting the initial 40 million shares in late May and the 12th July 11 million of the 40 million were sold.
With hindsight, I believe they needed to use those 11 million shares to affect the VWAP qualifying days, to keep it under 1p.
The surge on the 28th June (?) was due to the report of a contract for just over a million dollars. The contract has yet to be ratified ( hopefully August), but again in my opinion was a desperate effort by the company to keep the share price higher.
Unfortunately the damage had already been done as we saw when New Tech redeemed part of the loan for 98 million more shares at a price of approximately 0.41p a share.
You said that New Tech could have sold more shares on that spike. Yes they could. However, the 40 million initial share allocation is needed in the calculations for the next 5 day VWAP, so why sell more than was needed?
In fact the share price has never really recovered from that first redemption of the loan and the VWAP is likely to be similar, if not lower than the last one at 0.41p.
So New Tech could get millions more shares before news of contracts etc comes along and could hold them for that news and make a lot more money selling then than now.
People are reluctant to buy now at 0.65p, when that value could go down by a third on another New Tech redemption.
Contract news could come soon and the price should spike, but will New Tech take more shares at the same time for a much lower VWAP and sell into that spike?
I’m sorry to be a pessimist, but that was my thinking on getting out when I did at a loss I should add.
Hopefully holders will be better rewarded and I keep my fingers crossed that they get those other contracts or are bought out for their intellectual properties.

[halland75] 23/7/2024 06:51

Convict buying at 60p and recently at 0.88! 😱😱😱

Oh yes, it is all dead calm lol.
Yeah, right, if you believe that you were the ones who believed him when he said this crock would be 4p in February. 🤣🤣🤣

I did say about MATD when I got in at placement, party time there today. 🤑🤑🤑
Winners win Convict!

[realdealy] 23/7/2024 06:10

Shameful performance.
Tarana came to their rescue but not poor shareholders.

They got a free lubing.

[purchaseatthetop] 23/7/2024 05:33

12/7/24 RNS said
Holdings in Company

The Company has been informed by New Tech that, following Admission, New Tech will hold 127,378,000 Ordinary Shares, representing 24.67% of the Company's enlarged share capital.

As 17/5/24 RNS gave them 40m and they converted another 98m thry got 138m.
On 12/7/24 they still had 127m. So had sold 11m

On 28/6/24 130m shares were traded so they could have dumped hugely more than they had sold. Actually they have averaged selling 300k shares each trading day.

[realdealy] 23/7/2024 02:55

Which suggests to me bergin isn't selling more as there is no volume market ATM.

[realdealy] 23/7/2024 00:36

Some kind fella already calculated 11 m sold

[daddy warbucks] 22/7/2024 22:44

Bunlop. Thanks for the reply.I hope that scenario comes good for you and all patient shareholders.Good luck everyone.

[bunlop] 22/7/2024 18:48

Only going to get out of this if management have not completely lost the plot and finally make good on the orders hinted at in many RNS's and video presentations before they again need more funds. The ongoing fundraising is another source of small share holder anger and does not bode well for what is to come.

Perhaps the fund raise was a vital part of the plan, perhaps new customer orders are also waiting for US Government approval, perhaps something somewhere got delayed for a good reason. Perhaps current shareholders are suckers to still be hoping for this to have a happy ending anytime soon or at all.

Well I will stay a sucker for a while longer. If (a big if) it comes up roses then "New Techs" holding gets cleared fast as we know we have a big following of traders just watching this at the moment and the current market cap is tiny.

Because of many past let downs, for me, this is more hope now than expectation.

[daddy warbucks] 22/7/2024 18:14

I know I am out of this share, but I am still interested in what happens here, so please don't take what I say as someone trying to hurt the share price.After the last exercise, the share price is stuck in limbo. The share price is down and if the last five trading days are used, the next exercise could result in more shares at a knockdown price.So, investors face a dilemma. Do they buy around 0.65p in the hope of buying up the recently issued shares making a good profit for "New Tech"? (Around 50%)Or, If investors do buy in greater quantities and remove any overhang, then "New Tech" Will be free to exercise more shares at a knockdown price. ( Probably around the same price as the last one)Buying around 0.65p, knowing that New Tech will get more shares around 0.4p is not an attractive option.I am struggling to see how this can be resolved.Release great contract news and the shares may go up, but New Tech get more shares at 0.4p and down it goes again.Do nothing and the price drifts. Buy at 0.65p knowing more shares could be issued at 0.4p!I don't know the answer to the question, 'how do we get out of this?', but would be interested in others views.

[bantamboy] 22/7/2024 17:08

Pratt 🤣🤣
'Dead calm'🤣
Naa 👎... just Dead full stop!!

[purchaseatthetop] 22/7/2024 16:16

1.5m traded today. Dead calm.

[halland75] 22/7/2024 12:09

MATD baby!
You guys were told.
🤑🤑🤑

[institutional investments] 22/7/2024 11:09

Dont worry about it too much. have a feeling, broad obliteration is coming this week

[realdealy] 22/7/2024 09:36

You buyin' a bundle Dave?

[realdealy] 22/7/2024 09:36

Strategic initiatives
.

More news on this please enet.

[realdealy] 22/7/2024 09:21

It either is or it isn't.

And time is running out.