Ethernity Networks Share Discussion Threads

[snooker40] 31/10/2024 16:23

RNS ... shocked
What's going on ?

[ianhamo] 31/10/2024 16:17

Is that good news?

[washingmachine] 31/10/2024 14:21

Let’s put it this way
I’ve got a few scores to settle on here.
You are one of them

[realdealy] 31/10/2024 05:41

Enet actually delivering is the best way to answer these so called fraudsters. Send me running to the hills!

Highly unlikely.

Enet never met a forecast since I can remember.

[pwhite73] 30/10/2024 16:50

Shares cannot be issued below the nominal value. The nominal value of ENET shares is NILS 0.001 which when converted to pence is 0.02p and not 0.10p.

[purchaseatthetop] 30/10/2024 16:49

Jakehowells. Bye.

[snooker40] 30/10/2024 15:29

Why would NT want to convert at less than 0.1p?

[tomboyb] 30/10/2024 15:18

It a warning that the conversion may well be going below 0.1p direction -

How low depends on how high the share price is at the time -

[snooker40] 30/10/2024 15:06

Is this RNS a good move for ENET or a good move for NT?

[dplewis1] 30/10/2024 15:02

That's about the value of patt's portfolio after losing his shirt here and then being immediately 30% down on STX

[tomboyb] 30/10/2024 14:59

No idea why peeps are buying at 0.17 - 0.18p -

They have just said there is a big gap between 0.1p and 0.01p -

[tomboyb] 30/10/2024 14:56

Exactly as it says -

1/100th of a penny -

[purchaseatthetop] 30/10/2024 14:55

It means the new conversions can be issued at below 0.1p nominal value but not rounded down to 0p.

[tomboyb] 30/10/2024 14:54

below 0.1p -

[tomboyb] 30/10/2024 14:53

30 October 2024



ETHERNITY NETWORKS LTD.



("Ethernity" or the "Company")



Amendment to Structured Investment Deed



Ethernity Networks Ltd (AIM: ENET.L), a leading supplier of data processing semiconductor technology for networking appliances, announces that it has today entered into a deed of variation ("Deed of Variation") to the Structured Investment Deed (the "Investment Deed") with New Technology Capital Group, LLC ("New Tech"), the details of which were announced on 17 May 2024 and 15 July 2024 (the "Announcements").

The Deed of Variation provides that the formula to determine the exercise price for the issuance of ordinary shares to New Tech under the Investment Deed shall now be calculated as the average (in pounds Sterling, rounded down to four decimal places (i.e. the nearest one hundredth of a penny) if such price is below or equal to 0.1p or rounded down to three decimal places (i.e. the nearest one tenth of a penny) if it is above 0.1p) of the lowest five daily VWAPs of an Ordinary Share (rounded down to the nearest one hundredth of a penny if such price is below or equal to 0.1p or one tenth of a penny if it is above 0.1p) during the twenty trading days before the receipt of a Warrant exercise notice by the Company, less a 15% discount, rounded down to the nearest one hundredth of a penny if such price is below or equal to 0.1p or one tenth of a penny if it is above 0.1p. All other terms of the Investment Deed remain as set out in the Announcements.

For further information, please contact:

[chester9] 30/10/2024 14:49

Read the contract update and just shrug your shoulders.

[lionel kipper] 30/10/2024 10:06

Yes, that's why people are buying

[parob] 30/10/2024 09:55

Is PATT out of these now?Might have a little punt if so.

[chester9] 30/10/2024 09:38

Looks like Telegram group active.