Member Info for dallo

Great to see one of the money lenders gone.
How for FDA decision and other news.

Outstanding news
This is a major breakthrough in India
More chat later

It now looks like a masterstroke by the Chairman in raising over £6m at 11p with the markets crashing ensuring sufficient cash for the next 3 years .
He would not have able to do it in the current markets notwithstanding the disclosure issues with the Lanstead deal and the subsequent "redrafting" of the terms of the convertibles.
If the crash in the markets continues we may be thankful that we are not now beholden to the money lenders.
A positive FDA /Avion decision will be a major development for us all and lets all calm down until we get the news imho.

Tracy
Thanks
Missed the term " each of which will be earned in staggered stages over 12 months"
THE initial RNS mentioned an upfront fee of $495k.
That is better news.

Tracy
It appears that must the case with the upfront payment which is a positive
for cash flow in the 2nd half.

The April contract with an American Tier1 company involved an upfront fee of $495,000 and annual payments of $240,000.
Why did we not see the upfront payment in the 1st Half years accounts...if it is paid in the 2nd half that would be good news...clarification required.
The August St. Petersburg deal involved staged payment of $190000 in 2020 and 2021 and future royalties on successful implementation .
Tracy we are on the same side here and we have a lot to gain/lose
As Ronnie Reagan once said "Trust but verify".
I am still cautiously optimistic of success despite Mr Market ignoring the company.

Revenues for 1st 6 months were c$340000.
I have added an extra bit to revenues for 2nd half out of optimism not fantasy .

some facts
Cash at 30 June was $550,000 add placing proceeds of $1.1m equals $ 1.65m.
Add cash revenues of say $500,000 for 6 months to 31st December 2020
gives us GROSS CASH OF C$ 2.15M LESS 80% OF 1st HALFS CASH USAGE ( $2.7M X80%) $2.16M
Precisely enough cash to get to year end.
That Sir is accounting not nonsense.

Ask
That's the big concern here.
I would say they have enough cash to get to the end of the year.
If no revenues by then or maybe a bank loan it is curtains and the company will more than likely be sold for peanuts.
83000 shares sold v 43000 bought today so still no interest from investors .
I really hope Levi can pull a rabbit out of the hat before cash runs out....there is still time.
Fingers crossed and ATB

The 2 UTs ( uncrossed trades) followed an auction and were the MMs matching the buys and sells on their books.
Sometimes where the MMs are swamped with large buys or sells and the books are totally unbalanced the shares are frozen in auction and depending on whether the imbalance is on the buy or sell side the UT can be higher or lower than the pre-auction quotes.
This morning's UT s in Ethernity were pure tidying up of a small imbalance.

01234
Maybe the boat should be named Eternity while the distant shore of solid
newsflow awaits over the horizon.

Tracy
I think that those in auction will be foreign investors.
Your quote not mine.

Come on...foreign investors piling in ?
2 auctions with mid point buys at 16p for a total value of £8200.
If there was any interest from real buyers in volume the SP would trading at 20p not at at 16p which is a penny below the ask.

Tracy
I am just saying that it would be very reassuring to us all if Ethernity could avail
of the funding generated by the exercise of the warrants but this would entail the share price jumping dramatically. Will we get any positive news to drive the SP to 30/40p?.
I await with interest.

Great to hear about the company's impressive technology but in the meantime no move or interest in SP, no revenues, no deal news, no sign that warrants will be exercised unless SP hits 30p and then 40p ( likely?), cash issues .
Still hopeful but beginning to wonder !

Very reassuring comments from Erlichman on the subscriber growth potential in PIA given its ( PIAs)relaxed approach to marketing in the past and quoting CyberGhost's growth in 3 years from 150000 users to 400000 as the target set for PIA by Kape.
Also happy to hear PIA picked up 30000 new customers in August 22000 organically and 8000 from Kape's user acquisition network.
Overall a very impressive results presentation by a very good management team.

Oog
Fully agree that next year will see the fully integrated Group powering up to capacity and with a few bolt on acquisitions we could see subscriber numbers near 3 million by the end of 2021 and a share price of £3 plus.

It is all about subscriber numbers nothing more nothing less.
The market was disappointed with no growth in subscriber numbers overall and the performance of PIA in particular.
Kape has stated that the integration of PIA is almost complete and growth in subscribers has increased since the end of the half year.
They have to get PIA buzzing and growing and deal with the PIA culture of hippy happy save the world and watch out for Big Brother attitude.
A lot of PIA customers left when Kape took over and the challenge is find new ones in numbers .
Otherwise Sagi will wield the knive.
Finally do not rule out corporate action soon as the big Industry players start to merge and acquire.

Bid
No I am not the big D in this case .
Still waiting to see whether there will be some positive news flow before any further moves by me....I would rather buy at 25/30p on the back of real progress being demonstrated than any additional speculative purchases.
Still cautiously optimistic .

Velo
Posted last Friday week 4 September.
Kape my biggest holding having bought initially at 85p.
Looking forward to results tomorrow and the outlook statement.
If impressive we could be looking at a rerate of the SP