Member Info for ExMS

The EGM Resolutions are passed, once the Reclassification completes the CLN will automatically convert into 4,284,037,559 new NPV Ordinary Shares at a conversion price of £0.0000426 (0.00426p), representing a discount of 65% to the closing mid-market price of an Ordinary Share on 5 November 2025. These shares would be issued utilising the share issuance authorities granted at the EGM.

· If the EGM Resolutions are not passed, the Company will attract a 428% penalty charge under the CLN, equivalent to £780,980. As a result, the amount due under the CLN will increase to £963,480. The CLN will automatically convert at a conversion price of 0.02249p, being the Current Par Value, resulting in the issue of 4,284,037,559 new Ordinary Shares. These shares would be issued utilising the Company's existing authorities to issue new Ordinary Shares on a non-pre-emptive basis.

As a result, a total of 4,284,037,559 new shares in the share capital of the Company will be issued pursuant to the CLN conversion (the "Subscription Shares" and, together with the Placing Shares, the "Fundraising Shares"). In total, 4,995,464,860 Fundraising Shares will be issued, equivalent to 50% of the Company's share capital as would be enlarged by the Fundraising. Based on the cash that the Company will receive pursuant to the Fundraising and the total number of Fundraising Shares that will be issued, the average theoretical price at which the Fundraising Shares have been issued is 0.0065p, representing a discount of 43% to the closing mid-market price of an Ordinary Share on 5 November 2025. The Fundraising Shares will rank pari passu with the Company's existing ordinary share capital.

The EGM Resolutions are passed, once the Reclassification completes the CLN will automatically convert into 4,284,037,559 new NPV Ordinary Shares at a conversion price of £0.0000426 (0.00426p), representing a discount of 65% to the closing mid-market price of an Ordinary Share on 5 November 2025. These shares would be issued utilising the share issuance authorities granted at the EGM.

· If the EGM Resolutions are not passed, the Company will attract a 428% penalty charge under the CLN, equivalent to £780,980. As a result, the amount due under the CLN will increase to £963,480. The CLN will automatically convert at a conversion price of 0.02249p, being the Current Par Value, resulting in the issue of 4,284,037,559 new Ordinary Shares. These shares would be issued utilising the Company's existing authorities to issue new Ordinary Shares on a non-pre-emptive basis.

As a result, a total of 4,284,037,559 new shares in the share capital of the Company will be issued pursuant to the CLN conversion (the "Subscription Shares" and, together with the Placing Shares, the "Fundraising Shares"). In total, 4,995,464,860 Fundraising Shares will be issued, equivalent to 50% of the Company's share capital as would be enlarged by the Fundraising. Based on the cash that the Company will receive pursuant to the Fundraising and the total number of Fundraising Shares that will be issued, the average theoretical price at which the Fundraising Shares have been issued is 0.0065p, representing a discount of 43% to the closing mid-market price of an Ordinary Share on 5 November 2025. The Fundraising Shares will rank pari passu with the Company's existing ordinary share capital.

BP

Erm, no. You’re just wrong. And you sound ridiculous

It’s mind-blowing what DL has done to his shareholders these past 8 years. No contrition just dilution.

At IPO DL sold 32.5m shs at 140p raising £45.5m

The same 32.5m shs is now worth less than £2k!

If every share was one pound….

Not only would the mkt cap be 25bn

But stacked on top of each other the pile would stretch 70km into space!

Black

So the banks will be queuing up to lend? Wow that really does change things…….

🤡🤣🤣🤣🤣🤣

OMG Black

A patent guaranteed a contract with a tier one customer?? Wow I didn’t know that……🤣🤣🤣🤣

Then up to 15bn shs almost immediately thereafter at a discount. That will mean 25bn in issue in the mkt.

Well it is nearly Christmas and you’ve got to pick a pocket or two!

Well some pour souls got puffed-in. At least it helps to provide liquidity for the first capital raise which is roughly 5bn shs at 0.0065p

£10m mkt cap? I’d love to know how you got to that number. It’s almost like you talk BS.

We need a breath of Fresh air!

They can only raise if there is support. Support in a distressed capital raise usually comes from a large discount to the prevailing SP where institutions are happy to take the risk. In this case there is no discount so they will be relying on forward selling g and whether there has been enough to support the placement.

So anybody buying today at premium to issue price might help …..

Well it should do absolutely nothing unless there are those that still think it is a sensible strategy to average-down.

And then the capital raise should fail and then the company will go bust.

Come on Castle, next you’ll be shouting that DL has not sold a share and that’s positive. Remember Gareth Cave? 🤣🤣🤣

Together, these breakfast staples combined, we believe will position the Company to deliver a highly integrated and cost-effective silicon solutions that meets the evolving needs of OEMs and service providers looking for advanced, scalable, and programmable access network platforms.

DL will RNS anything 🤣🤣🤣

Hey Skid,

Do you know then that they have no overdraft facility?

Even if the execs have have not been paid the workers have to be paid. And the cash balance was £29k at end June so do you know how are they managing to stay afloat?

Finger

That’s a very good question and frankly I don’t know. He’s lied enough to PIs so a few porkies to the bank isn’t going to keep him awake at night.

But my guess is they may have set up a substantial overdraft facility when they listed 8 years ago.

So no I don’t think that DL has had to give any personal assurances.

Another placement coming …….

H1

The company lost net $2.1m on revs of $600k. The revs are as of now non-recurring.

Cash position as at end June was £29k.

At the same run-rate the company has lost an additional $1.4m in the past 4 months and without revs will have lost $2m.

So that is what they are currently overdrawn at the bank, between $1.4-2m.

The proposed raise is just to keep the lights on before they almost immediately try to sell another 15bn shs to kick the can and keep the gravy-train going that little bit longer. Don’t be fooled……

There’s a huge problem with the networks, Ethernity Newtworks!

Santiago, bless you.

If I had a pound for every time I have heard the line :

“One good news we need here and share price is gone through the roof” (sic) then I would nearly be able to buy Eternity outright!!! I wouldn’t of course, because that would be madness!

The thing is they have no money, no products that anybody wants, no income, no business.

8 years of capital raises have kept this bunch of thieves afloat.

It’s over…..