Member Info for dallo

Uhlf
What a roller coaster ride.
I started buying 15 months ago at 45p followed it down to 12p last July kept buying at that level and all the way up to my recent buys at 32p with an average now of 28p .
There were only 5/6 people on this board...Tracy, Bid, 01234, Skid ,myself and one or two others.
We were the founding fathers who when all looked doomed kept each other together.
We are not there yet but Ethernity looks a lot better now.
Next week with the new share issues from the no brainer 30p warrants and the 5G share issue my holding will go just under 4% but even at these levels I am not finished buying .
A possible once in a lifetime opportunity but I stress not without risk but with Tarana a billion $ company now interlinked with Ethernity's patented IP and other major deals in the offing I feel the risks are nowhere like they were last July.
And keep focusing on the paltry market cap of £24m and I reiterate a crazy valuation compared to similar Nasdaq quoted companies in the same space which are on 10/20 times this valuation.
Next week could be very exciting.
ATB

Nolupus
40p probably wishful thinking but increasing interest in peptide drug systems among the Pharma giants may tempt a bid given the patents held by Immupharma in this area plus Lupuzor if FDA approve another Phase 3 trial and the improving outlook for Incanthera's Sol cancer sun cream.
Buying interest building today some maybe news coming.
Imho

Cauldstream
40p buyout would seal the deal giving a market cap of £85m and someone else taking the risk of another failed Phase 3 for Lupuzor.
Most investors here would jump at such an offer given the last 3 years of abject management failure.

A final guidance meeting with the FDA is expected to take place in Quarter 2 ie now until 30 June following further clinical submissions on Lupuzor by Immupharma and Avion.
So news on the Phase 3 approval by the FDA could hit the market at any time over the next 10 weeks.
Approval will send share price higher and set up a sale of Immupharma to a larger player imho.
I think that is what the outcome will be and it is going to be all about price as the company has no resources to go it alone and has disappointed shareholders for too long.
A takeout price of 40p would seal the deal.
If no FDA go ahead then we will be lucky to sell at 8p but I am still optimistic for what is is worth.
Nolupus will no doubt have his views but endgame now in sight after a roller coaster 3 years.
Imho
Dyor

Unless 5G places it's shares in a longterm corporate partner of Ethernity like a Chinese OEM or Tarana.
Stranger things have happened.
Game on

01234
5G get c1.8m next Monday .
Unless it sells the lot on Monday it has to report it's holdings within 2 days if over 5% or 3% best practice.
The 1.8m plus what it is already holding could be a notifiable number .
It puts it in a position where if it sells it has to notify or if not it could be confirmed as a medium / longterm holder.
I agree that the warrants being taken up by the Directors would be more important to me.
Unless we get a major new announcement before Monday 5G cannot get offload c2m shares without serious consequences for the SP.
I don't expect it to do so.
Imho
Dyor

Uhlf
Interesting week ahead regarding 5G and it's holdings.
Under the Transparency Directive Rule of the London Stock Exchange Non UK Issuers like Ethernity registered in Israel allow for major shareholding disclosure above 5% as a starting point in contrast to 3% for UK Issuers.
However under the the Panel for Takeovers and Mergers Rule 3% holding is the starting point for UK listed companies regardless where the notifying shareholder is resident.
Ethernity must comply with Israeli company law
and some parts of the UK Takeover and Mergers rules are over ridden by similar Israeli legislation where incompatible.
However most Israeli and other foreign incorporated listed UK companies comply with the LSE requirements regarding major shareholdings notifications of over 3% as best practice.
That is why I was advised as a non UK investor to notify through a TR1 form of my holding going over 3% and 4%.
Hence I feel 5G will have to notify it's holdings next week if it has over 3% .
Whether it does so I don't know but why one rule for me and not for another shareholder.
We shall see.
Great to see that the warrants are very close to being exercised and I await the Directors taking them up as a major vote of confidence.

Bid
Because it applied to ALL warrant holders the Directors have the same rights as other shareholders so no issue under listing rules.
Otherwise their rights from a placing done last July 2020 would be compromised.
Even if a takeover was announced after warrant exercise all holders would be deemed to have benefitted not just insiders.

Remember that the 30p Warrants after 5 days of the SP being over 40p are subject to an accelerator clause where holders have to take them up within 7 days or lose their rights.
This clause applies to ALL warrant holders including Directors so insider trading or close periods do not apply as rights apply to all.
So no reason why Directors cannot take up their warrants
Exciting few weeks ahead
Imho
Dyor

Baruch not Barauch
Apologies

With another £540k almost certain to come into the company via the 30p warrants including a possible £325k from Directors and staff the share price is set for further rises during the coming week or so.
Once Levi and Barauch and staff announce they have exercised their warrants ( via Directors holding RNS) the market will react favourably to this vote of confidence by the Directors.
However in the unlikely event of them not doing so the market will not be amused.
dyor
imho

Uhlf
I keep banging on about the market cap
This is the key matrix.
Even at a SP of £1 Ethernity would only be valued at £50m which is still a minnow.
If Ethernity was listed on Nasdaq it would be valued at $200m but sadly at the moment it is on AIM and totally of the radar.
That is about to change imho.
DYOR
ATB

As I have said before it is now all about momentum with Ethernity after a long tough year.
There is a recognition that the worm has turned here with increased investor Interest following the Tarana deal and more significant newsflow imminent imho.
A very interesting few weeks ahead.
DYOR

A chunky buy of 250,000 at 39.75p just gone through.
Not me this time.

A very important point to note which should concentrate investors minds is the Directors and staff share of the now likely exercise of the 30p warrants.
Levi subscribed for c1.33 m and Barauch 333,000 shares respectively in the Placing last July and a further c500,000 shares subscribed presumably by staff.
Accordingly if the warrants are called via the accelerator clause in the Placing document, then Ethernity Directors and staff will be chucking in c£330,000 in cash on taking up the warrants ( subject to any amounts already exercised).
This will be a major statement of support by Levi and his team and will be a catalyst for a further rise in the SP if it happens.
I think I have got my figures right based on 1 warrant for every new 2 new shares issued.
Therefore
Levi.... 1,333,000
Barauch .... 333,000
Others... 500,000
Total new shares ...2.166m
Warrants 1 for 2
1.083m x 30p= £325,000

01234
Like in the CIA information to Mrs Dallo will only be given on a need to know basis using encrypted
codes and based on trusted sources.
In other words she will be told nothing .
Like the old Finnish saying goes " Behind every successful man is an ASTONISHED wife"

Keep focusing at all times on the market cap of Ethernity at just €18m.
If it was a Silicon Valley start up it could have a valuation of $200m but it is hidden away on AIM
and relatively unknown to the investment community.
This is all about to change imho.
If I tried to amass 2m shares now that the spotlight is beginning to shine on our little gem
I would not do so at less than a price significantly higher than my average of 28p
Still a buyer at these levels .
Mrs Dallo is only worried about getting her hair done, playing golf and bridge again and power shopping so much more important things for her to worry about than what silly husband is up to with Ethernity.
Please don't tell her Skid!

We are getting very close to 40p and tripping the accelerator clause in the 30p warrants.
The additional £700k approx will a most welcome boost to funding and will reassure the market on short term cash needs particularly as the company is on the cusp of substantial growth.
The downside risks are slowly being ameliorated
particularly after Tarana deal...
Tarana nows acts as backstop insofar as it could buy Ethernity out of petty cash if Ethernity falters to secure the now entwined technology.
This is not going to happen as I am confident Ethernity is now on the road to success .
DYOR
IMHO

Uhlf
Agree market cap at 50p is £25m but placing would be to dilutive and maybe drop it back to £20m.
Semantics I admit but the next few weeks will tell a tale.
Time for action from management and I fully expect them to deliver.

If Ethernity was to organise another placing when SP was 50p say it would be too dilutive as Market Cap would still be only £20m and would have to issue at a discount.
Better to wait for the deal flow which is coming and raise enough funds ( £10m) at £1 plus to see it through to the next level of perhaps £50m revenues.
Just my thoughts.
DYOR