Placement21 Aug 2025 08:09
Given that a placement cannot be done below 0.022p ( approx 20% premium to closing price) then the chances of getting a placement away are zero.
And they need money, and lots of it. The company has yet again run ot of money and need min £250k/month just to keep the doors open. In my opinion they need to raise a minimum of £1.5m but actually realistically need a great deal more.
So what are DL’s options?
1. Jam-tomorrow statement across multiple verticles in an attempt to ramp the price above 0.022p with placement to follow. IMO unless there is concrete and measurable progress from the last business update then this time they will not get the support they need. Placements are usually back-stopped by one or two players who are happy to support due to the discount placements are usually priced at.
2. DL loans his own money to the company as Skid suggested. The only really viable option and this would certainly help restore some belief in the company amongst investors. Buying 10% of the placement and then getting paid £25k month for the next 6 months does not constitute support for the company.
3. Deal announced. Very unlikely that any client would want to deal with DL or Ethernity given the perilous financial position. Also keep in mind that it costs £3m/year just to keep the doors open so a small deal, whilst welcome, is not going to help very much.
So, it would seem it’s a case of “Show us the shekels DL!”