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How dumb do you have to be to do that .Imagining a newb following strict rules set by some Tony Robbins numpty. ‘ dude set your percentage targets and if they’re not met by precisely 0808 hundred hours then get the hell oota there. Now don’t forget to like and subscribe ….’
6527 shares bought for£2996 this morning and now sold £2809.
I guess that they think that it won't go higher......huge mistake.
We will know when 5G are nearly out of stock, as they will then request further shares for the pre payments already made.
Given the close degree of cooperation that must exist between 5G and ENET then one wonders how much of the story they know inc future news releases and can thus time things to their advantage. Pure speculation on my part, freely admit, but given we know next to nothing about them, then speculation is fair and reasonable, imo.
Not hung up on it, but follow it closely seeing as 5G are or have been instrumental to the funding of ENET and are easily the most active shareholder in the market.
The situation , as far as I’m aware, is they are owed the shares on the £1.14m already subscribed. In addition to that, there is a further £750k that can be subscribed under the agreement. This £750k is part of the £1.5m ‘follow on’ investment that can be made by the agreement of both parties, as detailed in last September announcement.
Having already subscribed £750k of the ‘follow on’, I’m assuming the remaining £750k will be subscribed at some point.
I was using 40p as , hopefully, the lowest figure, give or take. Ie erring on the side of caution. £1 would be much better!!!!! Only c 1.9m shares then to be issued and not the c 5m @ 40p or so.
Yeah, did have a look at the previous and thought the same.
I suppose we have to be comfortable with the news flow we’re getting, it’ll happen when it happens I guess.
Helps having a few other shares, so something is happening most days, good & bad.
Following the payment of the Fifth Investment and the issuance of the Placement Shares, the amount subscribed for by the Subscriber in relation to which shares will remain to be issued will be £1,144,500.
I read that as they have 750k and 1.14m remains. It could easily be much higher than 40p and we could see a few million buys on strong news easily.
I wouldn't get hung up on it.
They've not done an AGM statement in the past martyn so doubt we'll get anything other than the formal stuff on Monday
Little mention by Zak Mir again this morning, he would like a close above 46p today :-)
Wouldn’t we all, then off to 60p+
Do we expect a trading Update to accompany the AGM Monday, or ‘just the all resolutions passed’
type of announcement.
Asklongy
If ENET can maintain newsflow and hence interest then I see no reason why £1+ should not be achieved this year.
That would only be c £60m m.cap, assuming 60m
Shares in issue.
TL
It’s £1.14m plus a further £750k pre payment under the agreement.
So c £1.9m worth of shares still to be issued to them, at , say, 40p that’s c 5m shares to be issued plus whatever 5G is currently holding, which is under 5%.
So it’s going to take a little bit to wash that all through, assuming their intention is to hold 0%.
I agree, gone by year end seems a realistic aim. Chunky news could speed that process up considerably.
sad things is thr SP keeps dropping so low, that even with good news we don't even get back to where we was a few weeks ago without news. That £1 mark we keep talking about look a mile away right now :(
Great to see some more revnue coming in in and more security for the future of the company.
Meanwhile they are not trashing the market just capping it. We know why the share price sucks and we know that it's a temporary thing.
I thought that it was just £1.14m worth after whatever remains of the £750k which can't be much. Even if they decide to sell them all it won't take long at £30k a throw.
I would like to see them gone by year end but chunky news and they could go in two hours.
Thanks for the explanations TL and martyn
Sort of understand that, but if it’s two parties involved then they must collude on timing and volume.
It’s all a bit of a mystery but, hopefully, in the reasonably near future with increased volumes they will be history.
Although there are still millions of shares to be issued to 5G plus shares for the remaining £750k.
Martyn. I suspect that they feed two who then distribute or two agents that speculate a but before supplying MMs. Whatever it provides liquidity that for several years killed this share.
"The Company will propose the UEP-60 and the UEP-300 as customised version to global vendors which is planned to serve as one of our growth engines over the forthcoming years, to be positioned as differentiated Cell Site Gateway with various FPGA loads for Fronthaul, Midhaul (CU to DU) and Backhaul (bonding)"
Very possibly the modules announced today will be built by the Indian OEM. They have production capacity, skill, experience and are already contracted.
I also suspect that they will be building the Tarana SoC.
I would imagine the stock is sitting with a market maker waiting for an opportunity to feed them into the market.
When the MM’s open up their book, willing to buy larger amounts from sellers, the MM holding the stock could take advantage and sell in quick succession to another market maker or two.
There’s nothing stopping them selling to each other, because they’re not friends, they’re here to make a profit on the trade, that’s it.
Uhif I suggest that they have a direct relationship with two parties to provide equally at the same (ever so slightly higher) price. I suspect those parties press the button above a sliding value
Two sells within a few seconds. This is a finance deal by a group called 5g Innovation Fund. They sell some into the market on volume days as they are not long term holders for many reasons that I won't cover on a public forum.
So they drop 50k here and there into the market. It's a positive because it keeps the MMs from spreading and closing down. It is negative because it tops the rise from spikes. However as a new holder it allowed you in and we all day thank you 5g.
They have for sure held the price artificially low this year. One day soon they will run dry or stay below 5% and hold. At that point the share price will rise without boundaries or control.
Assuming it is 5G, can anyone think of a reason why they would ‘double tap’, other than letting us know it’s them, which would seem unusual seeing as they are very secretive.
@Tracylied sorry for being slow (I’m a recent investor) but what do you mean by the double tap?
28k double tap on the bell responsible for the slow start.
This confirms that 5g IF are not here for profit as they could have waited for more return. They're maintaining an orderly market and taking a bit on the top. Thanks Tarana..
So 11:26 well get a 25k double tap and another at 14:00. Over the weekend this will sink in and Monday we'll be +20%
5G IF will fuel the rise and prevent the MMs shutting down.
AIM is so predictable. Today we'll skip up to high 40's . Monday we'll break and run at 60. Smiles at AGM.
Our DU and UEP offerings are offerings of combined hardware (or FPGA Firmware) that will be equipped with our routing software stack, of which the first version is schedule for release by Q3 21 followed by an advanced version planned for 2022. The Company anticipates that as soon as the Company completes the development of the routing software stack integration, orders for customised UEP routing platforms together with vRouter offload and DU based FPGA Smart NIC (ACE-NIC ) offerings for deployment into cloud native environments, Open RAN and 5G core will increase in exponentially
Skid the problem is that standalone news diverts attention to just that aspect. This excludes the rest. Ethernity has 3 main paths to fortune. DU, UEP and UPF. Then several others Tarana SoC, Avionics switch with two OEMS and side plays like OLT devices. Behind much is aceNIC-100 and that will be a standalone seller.
This is why I say that we need regular across the board updates. Whilst today we learn of probably$10m sales in a few years this is a tiny part of the potential from the UEP which is a tiny part of the Ethernity portfolio. So casual observers today see a $930k win in a $6m a year spending business.
This is not the story. Markets for Ethernity products goes from zero to small this year. 2022 it rises exponentially and continues to do so year on year. Ethernity will be £5-10 a share in the next few years. You can hang your hat on that