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Well, that's not ideal. This will get punished today I feel .. either a 'buying opportunity' or time to re-evaluate.

Skid I am also very unsure as to whether to add more here as well. I just spoke to my broker and there are about 30k shares on the offer at 31.5 so there is supply coming from somewhere - it is also pretty well bid though at 29. It's a real binary bet at the moment as if there's no govt grant then a raise is very likely and I think it will drop further. However if they secure the grant and another new contract comes in then it will completely turn around.

Looks like a bed and isa to me

33,613 buy printed after the close. It's amazing really, only a couple of legitimate sells and the rest were buys today yet down 8% .. there seems to be no correlation between future revenues and market cap. Unlike the covid vaccine stocks which will probably never make a penny yet are valued in the tens or hundreds of millions. As dallo said we've either missed something glaringly obvious or we've spotted a massively undervalued company.

Well it's looking very poor in terms of quotes.. the MMs have basically shut up shop. There's no quote to sell more than 1,500 shares - this is really one of those periods that tests your conviction in a company. This really has got to turn at some stage given the prospects and revenue on the horizon.

Crikey I'm in the red here again .. not good. At a GBP 10m market cap we're in the realms of silly valuations though imo. David must be stunned but ultimately he has to realise that if you tell the market a raise is a possibility you're not going to see a rush of buyers!

Ah ok cheers dallo - all the best for next week I know you've put your conkers on the line with Ethernity. We are all hoping to become quite wealthy off David and co!

Yes I agree, I probably wouldn't go near a share that have openly stated they will do a raise if a grant isn't forthcoming .. the only difference here is that I'm fully aware of the level of revenue that they are are on the verge of producing.

The 21k trade just now was a buy - just tested the online limits again. It's NT to sell above 1500 shares and 32 to buy. I guess the MMs don't want to be owning these now either!

Well yes I imagine they will want to push the opportunities as much as possible as the current SP is pretty unattractive from a placing point of view. There's no insti on earth that will want to pay over the current market price so if there's no government grant we need this back in the 40's preferably.

Would have been nice to get some finals today. So we've got quite a concentrated period of news coming up .. final results / EGM / news of government grant / potential new contract .. at least we won't be bored.

https://telecoms.com/opinion/debunking-5g-health-concerns/

https://vsacapital.com/asian-investment-banking/

Aren't we also due finals this month?

Usually a new broker is a signal of a raise but we know that's a possibility anyway. This seems like a genuine crack at the chinese market and we'll get a bit of research thrown in.

https://www.bloomberg.com/news/articles/2020-06-10/dread-over-impending-anti-huawei-law-grows-at-u-s-companies

Entire global supply chain has to be free of Huawei kit.

Tweet from Ali -

@AAMortazavi
Little baby #ETX growing up very very fast. This team is going places.

Galapagos NV - 11bn market cap co. ETX will "under the terms of the agreement, e-therapeutics will receive upfront and near-term payments material to the cash position of the Company. e-therapeutics is also eligible to receive pre-clinical and clinical development and commercial milestone payments."

Anyone still here from the DERR days? I've been here that long and have no intention of selling!

Someone bought 10k a the bell .. presumably one of the regular posters here?!

MMs are cheeky fkrs .. they basically want full ask to buy but it's NT to sell anything over the NMS.