Member Info for bidnolid

The worst part is that the money has long since been spent. Talk about repenting at leisure.. so they have 2 months to convert all the rest and ensure that shareholders are diluted to oblivion? Sounds fun..

Amusingly, even the Reuters headline generator got confused and had to issue a correction yesterday - and even that was wrong!

06 Jun 2023 07:23:34 - CORRECTED-ETHERNITY NETWORKS LTD SEES (NOT REPORTS) FY REVENUE 3.3 MLN USD

In order to make sense of it you would have had to cross reference the Oct 2021 and Sep 2022 news and figure out which portion of the revenue was meant to be due this year to work out if it was good news or not. Not exactly jumping off the page for any casual observers. It's good that they've secured components as this is obviously an ongoing issue in the wider industry but as skid says it's 'as you were' until they can announce an OEM or other new biz

So is that a lowering of revenue expectations cloaked in a "whoo hoo we've got some components" RNS?

So effectively "sophisticated test equipment" is a euphemism for getting sign off for the going concern position with the auditors..

Bergen have smashed the price all the way down .. a supportive funding partner indeed..

Was that a double tap (2x85k) at the end? If so then bergen are already selling below their last conversion price .. only another 35 or so of those to go!

Who moved the goal posts..? Oh, Ethernity did!

The authorised share capital is 200m so it needs to be!

Right on cue there's the friendly finance partner to really kill any SP recovery

They had warrants on the placing they did at 35p, they are still sitting in my account waiting to expire and die

You also probably need to add another fundraise into the mix - achieving the 20p warrants looks very unlikely from 3p. Still a relatively low shares in issue in comparison to some AIM dross. They just need to actually deliver the $9m and sign up an OEM or 2

Bergen have $1.75m left to convert .. will be a lot more shares in issue after that

Who cares? It's not independent and any targets are about as much use as the 60p warrants

They must have plenty of good news lined up if they negotiated such a slim discount.

Well said 1987. I think I posted a few weeks ago Ethernity was a bet on 'this time it's different' .. sadly, it wasn't. Same old excitement and some great sounding products, but then no contracts to follow it up. They just can't keep saying how much excitement there is but then following it up with months of silence .. you can almost hear the placing being arranged in the background. Genuinely no idea how long this money will last but it's probably safe to say there will be some kind of EGM soon to increase the number of shares in issue "just in case".

Yes, total nonsense that they withdrew it. Why bother with a broker option when you can buy at 2.77p and there's no warrants attached. As far as placings go I've not seen many as disastrous as this. Completely torpedoed their own company and now a total bargepole for private investors both here and across the pond. Miton can now be classed as "formerly supportive investors" just like the many PIs they just shafted

They may well be getting an increasing amount of interest in their products, but as soon as any prospective customer looks at the imploding company behind them they will think better of it. Blown up the company for some "sophisticated test equipment" ... righto

These AIM companies need to look at their shareholders as owners rather than marks to be constantly rinsed for more cash. This is a total disgrace, I bet they don't even get a fiver for their generous 'broker option'

Middle East market -

https://www.fiercewireless.com/tech/nokia-fixes-fwa-opportunity-middle-east-and-africa