The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Bit of selling into the positive vibes? Can’t see what’s happening
Bid how we're VSA allowed to make themselves look so stupid. Ridiculous projections and clearly they knew nothing about this.
Hate it Dallo. Ethernity had two big question marks. Finance short to mid term and the ability to attract the highest quality human resources. They now have both. This is true recognition that they are expecting big things. How else could a fund become involved.
I can't help wondering if they have been attempting to cap the share price since the last rns. I suspect that we'll see some strategies deployed five days before strike from both sides.
Skin of your teeth stuff Dallo , shame was looking forward to the big reveal. Yes funding seemed the only excuse left for the sp so must be positive . Gla
Yes I agree dallo - that fund name appears to have been set up specifically for this one investment by someone who sees Ethernity as a leader in the 5g space. It's good that the deal is divided up so that the full amount may not be required and that it is based on SP growth and not one of those horrible Yorkville style arrangements that someone alluded to earlier. We can now ignore the part of the VSA report that mentioned "cash constrained" ..!
Taxes evidently
Delaware is the place to register any company in the US. Not sure whether it is taxes or lax compliance.
I was 11,000 shares shy of the 3% yesterday but this deal is dilutive.
I thought the market would hate this subscription
deal as they are usually for the desperate but maybe it has reassured the market that it has enough cash to get to profitability.
The new investor is likely an American Jewish person given the billions invested in Israeli techology companies by the US Jewish investment community.
So Delaware is the place in the US to register a hedge fund. Who knew!
Or he buys more. He won't be alone. This week has transformed this share
Just realised we won't get the dallo big reveal rns now, unless he is behind the fund
Dodgy D ? Lol
Does anyone work for Mossack Fonseca or any other dodgy Panamanian lawyers who can find out more about this fund..?!
This is a great deal, they have derisked, they have funds for there 3 contracts.
I don't think they will need to use the full amount over 18 months, they will be in profit well before.
and as you can see it a US based fund, competitor of China, racing to get 5g rolled out first.
5g may be coming into play in the beginnng of 2021, 3 months away, but believe me everything is at full pace now already, to get network infrastructure setup for 5g.
We wont need to wait next year 2021, any and most deals will be signed in coming weeks / months before 2021. Note they are hardware and software providers for 5g rollout
Bid rising, market reaction is positive to this agreement
Looks like US individual investor putting cash in via Delaware company.
Bid way less diluting than the placing and warrants.
I agree TL. More de risking and still cheap as (FPGA) chips imo. Be interesting to see how the market reacts today and going forwards. I’m still looking to add and reduce my average
Alca
Hmm I'll reserve judgement for now TL, it will be dilutive and this company is an unknown quantity. As dallo says it'll probably drop the SP albeit temporarily
Tiny initial dilution, funded through to full development and full revenue, huge deals in the pipeline - what's not to like.
I think that from here we are in a no lose situation as shareholders. It is just a matter of how much we get back. Either a good chunk sooner or a huge chunk later.
Clearly this is an excellent deal. Maybe too good
Was going to say the same. Completely ambiguous name. I think something else maybe behind this. The report did mention buy outs more than once
Weird, can't find anything on that 5g Innovation Leaders Fund LLC. It only seems to have been incorporated in August 20 this year in Delware which is a sort of US tax haven.
So VSA were talking complete nonsense then. It really shows that the brokers know very little. The management are building a very strong company here and really this is the first thing to address. They will extend their reach and clients can be confident that Ethernity has the means to compete and stay ahead.
I welcome this deal and so should the market. Much uncertainty has been addressed. Really we are now well ahead of where we were at 60p
Thank you Tracylied