Member Info for dallo

Mark just opined that if 5G hasn't notified then one may assume it is trading it's shares.
What is wrong with that statement.
When I post the updated TR-1 Form on Monday the market will know that I haven't sold......that is explicit while 5G selling is implicit.
Nothing to see here ..move on.

Tracy
I don't why you are worried about the market being flagged about supply in a £17m market cap company where I for instance will be flagging on Monday that I have 1.75m shares .
Obviously 5G Fund hasn't got neat 3% so why should the market care about its supply...it should be worried about me if that is the case.

Tracy
He proferred his opinion on the possible reason why 5G Fund is not appearing as a major shareholder which we all should have surmised ourselves to be honest as it is a legal requirement to notify the company and the FCA of any major holding.
By the way I asked him the question on behalf of myself AND a number of fellow shareholders so he knew I would be sharing his response.
Nothing unethical just a clear answer to a reasonable question
I will keep my mouth shut in future if it offends your sensibilities.

Interestingly Mark responded promptly immediately saying that it is the responsibility of the investor to notify the company of a major holding via TR-1 Form.
He feels that maybe 5G has been trading large volumes of shares and this is reflected in the increased liquidity noted recently in trading levels.
So it appears 5G may not be a long term investor and is trading it's holding as the price moves up.
Mark seems happy with this situation as it increases the investor base and also appears confident on the 30p warrants being exercised.
So now we know where the increased liquidity is coming from.

Bid
I have notified Mark of our surprise that no TR-1 Form has been issued by the 5G Fund in relation to its c7% holding.
I will update you all when he responds .

Correction
Forgot about initial 1.35m shares issued at date of Subscription Agreement so holding RNS long overdue.
I will mention this to Mark
Apologies for error

Bid
By my calculations c2m shares have been issued following today's admission so holding RNS should be out next week showing 5G Fund having c4.25% of the total issued share capital

Bid
It is a stock exchange requirement to report any holdings over 3% via a TR-1 Form
both to the company and the FCA.
I should know as I have to submit another TR-1 Form next week.

Very reassuring to see SP move higher today particularly on the day that the 826k shares issued to 5G came on the market .
5G Fund is imho an individual US/Israeli investor who is a long term backer and known to the company.
As I speculated before the shares issued under the Subscription Agreement are being allotted on a rising SP basis to protect management's % shareholding which in hindsight has proved very effective to date.
If 5G Fund was allowed to invest total funds of c£3.5m when SP was c14p it would have taken over the company with a shareholding of over c50%..
Obviously Levi was never going to allow this .

The MMs were delighted to drop the SP from its high of 145p to 12p with no resistance.
They are now about to reap the whirlwind as Ethernity moves into overdrive in the 5G trillion dollar revolution at a market cap of a miserly £16m and no liquidity in the shares
The next surge upward in the SP could be astounding and with 5G Fund scrambling to exercise it's options the next few weeks could be very exciting
IMHO
DYOR

Tracy
How can they delay a highly significant buy of 100,000 shares for 2 days in a low volume trading day unless they are trying to disguise the true market in the shares.
Happens too often on AIM imho .
But hopefully with more positive newsflow we can break this trend as clearly the MMs are short of stock and any further serious buying from new investors will lead to a sharp rise in the SP .
IMHO
DYOR

Yes that's my 100,000 at 11.31am yesterday
More strategic late reporting by MMs followed by a closing UT of 730 shares at 33p today .
They clearly want to give the impression that the SP is weakening after the recent rise to unlock some loose sellers.

Uhlf
Very quiet today with small volumes ...all buys par one tiny sell.
Still no sign of my 100,000
The MMs are right rascals.
SP settling down and probably needs some spark to push it through 40p.

Based on the reported trades today and ignoring the 108k rollover but including
my unreported 100k it appears the MMs need c125k in sales to balance the books.
This appears to be the reason they have widened the spread and dropped bid price
to force a few loose sellers to budge who may feel SP is moving back from the recent rise.
IMHO
DYOR

Uhlf
The MMs are required to report trades in an accurate and timely manner.
On AIM the SEAQ System is used involving Market Makers who provide bid/offer prices
but who also manage their books outside these quotes for certain size orders.
For the main market trading, the automatic SETS system is used to facilitate much larger
trading volumes.
In small stocks on AIM like Ethernity the market makers often wait until the close of trading to
balance the books before reporting certain larger trades.
While not necessarily manipulation it disguises the true demand/supply position and therefore
can assist MMs in matching the buys and sells to extract a margin which is how they make their return.

The usual MM manipulations again.
My buy of 35,000 just appeared but no sign of an additional 100,000 at 36p.
Probably see it tomorrow.
Anyway, I am off to the sidelines for a while to await some newsflow.
ATB

Uhlf
No problem although I am a fan of Salvador Dali .
My the way there is a fantastic Dali Museum in St.
Petersburg in Florida where one of my sons live.
I have picked up another 35,000 and still trying to a get a few more but don't want to be bidding the SP up.

Darkest hour just before dawn I should say!

Bid
The darkness hour is just before dawn.
Israel will have most of its population vaccinated in the next 3 months and UK by May.
The infection rates will fall dramatically everywhere by March and death rates will be low.
Then the world will be a different place..
That's my reading of the situation.
By the way I am getting a very positive vibe on the short term outlook for Ethernity and management seem buoyed by the events of the past month .
Just a feeling nothing more.
I am more than happy to buy a few rounds of Guinness in a nice cozy pub with the faithful here by mid year.
Good times ahead.
IMHO
DYOR

Bid
I will struggle to get to 10% as little stock around .
Maybe a bit of selling on the 7th when new shares hit the market will free up some liquidity.
Hopeful of solid newsflow soon and the SP back into the 40p to 50p range unlocking the 30p warrants
Hard to believe the SP is down 15% since the same time last year.
IMHO
DYOR