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There was a real chance this placement would not happen as the volume was so low. One TR1 and now look at the volume.

So placement gets done and TR1 will sell out, small profit, small loss, it doesn’t matter.

Let me make it clearer, sometimes institutions/clients are asked to take chunks of a placement in order to get the rest of it away. The broker will have guaranteed to get him out at no loss.

And the rest of you have probably just hit suckered-in……..

It’s just the way things work

They used the same warrant accelerator in May 2025 placement. And look what the SP has done since.

They use it because they are desperate for money and they can’t raise money any other way. The warrant is the so-called sweetener. But they just never get exercised.

The telling thing is neither DL or any insiders want to buy stock or lend the company money, even short-term.

That’s the key take-out point.

Accepting stock in lieu of wages that the company cannot afford to pay is absolutely not a vote of confidence

Hi TWIB,

You said “ That structure only makes sense if the board thinks there’s a chance of a rerate inside 12 months.”

Not true. They did the exact same structure in May 25. No rerate. You should know.

They use this structure as it is the only way to entice new money. Scandalous

Santi

🤣🤣🤣🤣🤣🤣🤣🤣

Hi Flight,

I’m absolutely sure you did the right thing to cut your losses, it’s not an easy thing to do.

With regards to the Nomad Chat GPT gives a good insight:

Putting all those edits together, today’s RNS language places ENET firmly at:

Stage: “Funding-dependent continuation, under NOMAD constraint”

That means:

• ❌ Not allowed to imply contracts are close

• ❌ Not allowed to express confidence about outcomes

• ⚠️ Allowed to describe process only

• ⚠️ Required to flag uncertainty repeatedly

This is past the optimism phase, but before formal distress wording.

The distress wording and only comes when funding fails. And that’s a possibility this time in my opinion, unless newbies take up the slack.

Cohen

Can you please qualify your statement:

“Between every placing it’s has a double or treble up before the next placing”.

Or shall I just put your post in the nonsense category?

Latino

Absolutely no investors coughing up. No TR1s, just a huge discounted placement which PIs will ultimately pay for

Forget the zero downside, zero downside on the warrant yes but you still own the stock

And zero downside

I’ll help you Santi….

Sell in the mkt today at 0.004, participate in the placement, get a free call (warrant ) with 50% upside

Why would that be Santi?

But DL expects PIs to

Lumbar

DL’s business plan absolutely relies on people like you.

Before you jump into bed with it

Flight

Things that seem “obvious “ to you are not so obvious to us mere mortals seemingly.

So the company only isn’t yet bust because it continues to raise just enough money to keep going for a couple of months via massive dilution capital raises .

When it can raise no more it then immediately goes into administration.

Do you believe in fairies too?

Flight

How do you come to the conclusion that

“We know we’re not bust and we know we can raise money”?

Flight this is what you said to Skid earlier:

“anyone with a an ounce of common sense sees the opportunity here at this valuation”

But:

No corporate wants to take it over

There are no institutional investors

Levy’s not buying (or lending)

Insiders aren’t buying

There have been no TR1s

So it’s yet again left to the next lot of gullible PIs to part with their cash.

Common sense you say? Nonsense I say

The brokers earn good fees from placements so it’s in their interests to create volume, spoof, give the impression that everything is rosy. They’ll be cosied-up to at least on mm too. Problem is 15 bn shs down here doesn’t raise anywhere near the cash that ENET needs.

Indeed but unless you have followed DL for a while it’s difficult to initially comprehend just what a BS hitter he is. Tread carefully.

-tries