Ethernity Networks Share Discussion Threads

[washingmachine] 31/7/2024 09:00

You still haven’t informed the thread of your positions on other companies
I can with 100 percent certainty say that your portfolio is basically near to being blown out ..

[pwhite73] 31/7/2024 08:58

What you have to keep your eye on is the 20 day trading range not the share price.

The share price could be 700p but if the lowest VWAP five trading days was 0.70p that's the price New Tech will be converting at minus any round downs.

[dplewis1] 31/7/2024 08:54

Unless they announce additional contracts they will go bust.. do you understand cash flow positive? I assume you have your calculations that you can share

[simonsmithiv] 31/7/2024 08:53

spin cycle

[purchaseatthetop] 31/7/2024 08:49

Bergen are not the funds owner. See last sentence.

ASX Announcement | 24 February 2022
Equity placement funds received
Melbourne, Australia - 24 February, 2022: Linius Technologies Limited (ASX:LNU) (Linius or Company) - the only cloud-based solution that transforms static video into hyper-personalized video experiences with its world first Video Virtualization Engine™ (VVE) - is pleased to confirm that the $2 million in funds under the first of the two tranches of the share placement to the US-based institutional investor New Technology Capital Group, LLC (NTCG) announced to the ASX on 28 January 2022 has been received and allocated to accelerate the commercialisation of existing Linius products and deliver new annual recurring revenue from its pipeline.
NTCG is a specialist investor focusing on investments in technology companies and managed by Bergen Asset Management LLC (the Manager). In the two years since it commenced investing, NTCG has established a history of substantial investments in cutting edge technology public companies globally.
The Manager is a decade-old institutional manager. Funds managed by the Manager have an extensive history of dozens of successful investments in listed companies globally, including on the ASX.?
As announced to the market on 28 January 2022, the second tranche of the placement will raise $1 million, subject to the Company receiving shareholder approval under Listing Rule 7.1 for the second tranche and NTCG's right to determine not to proceed with the funding of the second tranche in NTCG's discretion prior to the approval being sought. If shareholder approval is obtained and NTCG has not exercised that right, funding will occur within 15 days of the shareholders' meeting that is required to be held in 90 to 95 days from execution of formal documentation, which occurred in late January 2022.
The Company has commenced preparation of documentation for the shareholders' meeting and will make an announcement in that regard in due course.
This announcement has been approved for release to ASX by the Chairman of the Board of Directors of the Company.
1 The Manager is not a party to the placement and does not have any rights or obligations under the subscription agreement for the placement.

[dplewis1] 31/7/2024 08:45

"Certainly not just private investors" .. so you have evidence that institutional money is buying them do you? So I assume that if you think this company is valued at $20m you have leveraged yourself fully to take advantage of this once in a lifetime opportunity?

[simonsmithiv] 31/7/2024 08:37

lol, just a few traders see blue and know this is good for a quick 10%, be down later imho

[purchaseatthetop] 31/7/2024 08:31

3m buy at 0.7. Cannot be a sell. The buy price only just rose above 0.7

[snooker40] 31/7/2024 08:27

Increased coverage is a good sign.

[purchaseatthetop] 31/7/2024 08:18

They have to sell some as they cannot hold more than 25% of the shares. So selling some creates room for more conversion.

[washingmachine] 31/7/2024 08:17

And yes they will be selling some of them,
That’s their job
But who’s buying them all..
It’s certainly not just private investors.
Have you read the CMC markets email sent out to clients ?
A Very positive outlook.

[realdealy] 31/7/2024 08:16

Driving out the weak holders is the logical answer.

[purchaseatthetop] 31/7/2024 08:07

Dplewis is simply the kind of person you avoid at parties. Here it is easy. Filter the weirdo.

[purchaseatthetop] 31/7/2024 07:52

San Francisco bridge?

[socionomics] 31/7/2024 07:50

Does anyone know where Cisco got its name? (Don't Google it)

[dplewis1] 31/7/2024 07:48

Ooh look it's an organised pump to provide some exit liquidity for Bergen

[purchaseatthetop] 31/7/2024 07:43

The few days before the last contract news had high volumes and a share price rise. Seems to be repeating now. When I said leaky ship it is a slow drip leak not a massive hull failure!

[socionomics] 31/7/2024 07:30

When you know, you know!

#PapExposed

[koti4] 31/7/2024 07:29

Second day of a rise without news makes me think something is coming, bought a few