Ethernity Networks Share Discussion Threads

[washingmachine] 15/11/2024 10:50

And those figures are on MAXIMUM authorised
3 events have happened in the last 24 hrs
Recruiting
AGM
Options determined
Yet the resident antisemitism gang saying they are going bust …
You listen to morons you become one !

[tomboyb] 15/11/2024 10:49

sorry chap -

Its going below 0.1p -

We are into the hundredths now -

[washingmachine] 15/11/2024 10:43

Tom
It’s going up !
And significant news looks to be before Xmas 24

[washingmachine] 15/11/2024 10:41

So basically they are confident of being around at Xmas 24
dplewis aka brain doner
He1 have over 5 billion shares listed !
fraudster
Divide 2 billion by 60 million
Would give you a new share price figure of 2 pence
When you was paying 50 pence +
Expecting 200 pence plus !

[tomboyb] 15/11/2024 10:38

Now you see where the share price is going -

[purchaseatthetop] 15/11/2024 10:32

So the authorised share numbers will rise to about 2 billion! When I first invested it was 60m. Feels like a long time ago.

[dplewis1] 15/11/2024 10:30

Doling out millions of shares.. what's the point??

[tomboyb] 15/11/2024 10:16

The purpose of the EGM is to seek shareholder approval for increasing the authorised share capital of the Company, disapplication of pre-emption rights on equity issues for cash and approval of the Option Grants to directors. A copy of the EGM notice will be made available on the Company's website, www.ethernitynet.com.

[tomboyb] 15/11/2024 10:16

Ethernity Networks Ltd Notice of GM and proposed grant of options
15/11/2024 10:09am
RNS Regulatory News


RNS Number : 4470M
Ethernity Networks Ltd
15 November 2024

15 November 2024

ETHERNITY NETWORKS LIMITED

("Ethernity" or the "Company")



Proposed option grants and notice of EGM



Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, announces the grant of options to certain employees, the proposed grant of options to certain directors of the Company (the "Option Grants") and provides notice of an extraordinary general meeting of the Company (the "EGM"), which is being convened, inter alia, for the purpose of seeking shareholder approval for the Option Grants.



Option Grants and proposed Option Grants



Following the approval and recommendation of the Company's Remuneration Committee, the Board of Directors approved the grant of Options to the Company's Executive Directors and the Company's Chairman of the Board (in compliance with the Company's compensation policy), and also to Company employees and subcontractors in order to encourage their retention, implement and deliver the business strategy and completing the product development, to enable the Company's growth, success and a potential improvement in the share price whilst conserving cash. In total, 63,600,000 options (the "Options") over new ordinary shares of NIS 0.001 each ("Ordinary Shares") are to be granted. 32,981,830 Options have been granted to certain employees and subcontractors of the Company. A further 30,618,170 are proposed to be granted to certain directors of the Company as follows:



Director

No. of Options proposed to be granted

Total options over Ordinary Shares held post grant

Percent of issued share capital

David Levi (CEO)

21,789,223

33,497,242

3.71%

Shavit Baruch (VP R&D)

6,574,161

11,070,118

1.23%

Yosi Albagli (Chairman)

2,254,786

2,749,455

0.30%

TOTAL

30,618,170

47,316,815

5.24%



Per applicable UK law and the AIM Rules for Companies, as long as the Options are allocated in accordance with the Company's compensation policy, there is no need for obtaining shareholder approval. However, under Israeli law, the grants of Options to the Company's Executive Directors and to the Company's Chairman are subject to approval of the shareholders at a general meeting.

The Options have an exercise price of £0.00247. The Options will vest over three years in 12 equal portions, with 1/12 of the Options vesting at the end of each quarter following the date of grant.



Notice of EGM



The Company will shortly post to shareholders a notice of EGM, to be held at 3rd Floor Beit Golan, 1 Golan St. Corner HaNegev, Airport City 7019900, Israel at 11.00 a.m. Israel time (9.00 a.m. UK time) on 23 December 2024. The purpose of the EGM is to seek shareholder approval for increasing the authorised share capital of the Company, disapplication of pre-emption rights on equity issues for cash and approval of the Option Grants to directors. A copy of the EGM notice will be made available on the Company's website, www.ethernitynet.com.

[antonagis] 15/11/2024 10:04

They advertised for multiple vacancies twice last year. Clearly that helped.

[washingmachine] 15/11/2024 07:07

Yes but real
Who’s asking you right fare
You are a NOBODY with mental issues.
i await your usual daily articulate posts …
DOWN
Back to ENET
Would they advertise for 2 job vacancies
in the last 48 hrs
I’m sure the resident guru Real will tell us all ..
DOWN

[realdealy] 15/11/2024 06:42

I would say exactly the opposite.

People who want to throw money away, with very very poor prospect of return

[antonagis] 14/11/2024 19:08

Pure greed keeps people invested here

[washingmachine] 14/11/2024 18:24

Two employment vacancies appeared
from yesterday.

[skid35] 14/11/2024 14:42

Any visibility DL can provide on the revenue streams against these (or other) customers will have the share price moving.Shareholders have nothing, as ENET currently have nothing.A single RNS can change that, it's just whether or when it might come before Enet run out of cash (for the nth time)

[skid35] 14/11/2024 13:55

Unfortunately the customer list doesn't provide the quality (potential repeatability and growth) or value of revenue for the market to assess how these cover costs this and next year - this determines the market cap of ENET. Of the customer list they are only selling to 4 in any real value, and 3 have zero current visibility for shareholders.

[chester9] 14/11/2024 13:53

Companies like New Tech will have their rules to follow. It would be to issue capital and gain the hoped return within their rules and clear. When they convert the last tranche of money it will be to give them about 200m of new shares with the company shares then being around 1200m. Thats 17% so at some stage they could just hold. They do not have to sell all their current holding to convert the last part. That said I think their rules would mandate that they would still sell. It's up to ENET to make them realise that holding for the short term would mean they would be onto a winner. To date ENET have convinced them to loan them cash but not to hold onto their shares. Can David change this?

[washingmachine] 14/11/2024 13:15

Wood group is a FTSE 250 company
It’s down 80 percent from recent bid
So you tell me what you can learn ?
The ironic issue here
One positive RNS would dramatically change everything
This is the reason I’m still here
Binary bet heads or tails
Risk / reward is still to the latter
Just !!

[realdealy] 14/11/2024 12:54

I don't admire the optimism.

Instead I would ask why the hell I got in involved in this and what lesson should I learn?

[washingmachine] 14/11/2024 12:30

Cronk i agree
Reason being at present David Levi has overseen a complete value destruction for long term shareholders
Near dilution to oblivion !
No dispute there.
Small Plus side
It’s not alone on the AIM market
And 1 billion shares is probably on the low end of the scale.
You look at the customer list , it’s quite unbelievable that ENET are trading for the price of a second hand car lot in Birmingham…
Some achievement SO FAR !

[the cronk] 14/11/2024 11:48

I admire your optimism but this does have the look of doom about it!

AIM RNS are a dark art, they are written in a certain way to make people assume or believe a narrative a company wants to portray, rather than the actual news which is often less than positive.

[washingmachine] 14/11/2024 11:35

Chester I’m not disagreeing with you.
But TR1s only have to be issued over a certain level of holding.
today I’ve instructed a fellow investor relations expert, previously holding a position with the AIM governance office amongst other notable positions in this area.
Asking him to scrutinise all of the released RNSs since CMC markets became joint broker in February 24.
Has they are very much accountable for over seeing what has been released to market.
Personally i think investors have been deceived on more than one front,
On mainly the implications of these cash raises..
In simple speech .. Not one investor actually knew or understood them
Leading to them on two occasions correcting pass releases or explaining yet again what was involved.
CMC are a UK based outfit covered by the FCA so the Israeli angle is pretty much irrelevant.
Odviously the above would come in to play if David Levi and ENET were basically taking us all for a walk in the park,
On the latest jam tommorow storys.
But ENET did sighn two significant contracts in November 23 ..
So at present we are still in H2 24
And a White knight is possible for long term suffering shareholders
We will all see
At present nobody actually knows for certain on anything material regarding ENET
NOBODY !!
And that includes the resident self proclaimed gurus on here
NOBODY !!

[snooker40] 14/11/2024 11:30

Keep to the positive, which is impossible for some people.
ENET hasits hopes in h2 and 2025 with oems and tarana.
Just look at the state of other AIM shares that are expecting news.... they are down !! and LTH are suffering massively.
Seems to be the way currently. Generally, AIM is a horrible market nowadays.
Keep positive.

[chester9] 14/11/2024 09:45

WashI know you are frustrated as hell with this share. Most here lost way too much money on this one.David has been promising good news for years. There have been no TR1s but you raise a good point as to who is buying. We are talking 800k for current New Tech offer. Could PIs raise that at 2000 each it's only 400 optimists? We are not seeing 400 angry people on the boards so who knows but no TR1s either.New Tech have made a healthy profit on sales, will they fund again? Yes if they can make money. It's such an odd share to follow classic AIM.