Member Info for fingerintheair

ENET'S Current Share Price would need to increase by 848,500% to get back to where it was at the time of the IPO.......... A time when David Levi was proclaiming that the only way is up - #Oh dear #Oops

At least we know the share price will remain stable for the next 60 hours or so ...

Yesterdays big trade .... 100 million bought for £17,000 - 100million Sold for £16,100

900 quid kick in the pants on exit. Would have been £17,000 kick in the pants if left holding the bag when the lights go out.

ENET is way too risky to trade imo - A liquidation/ suspension notification could drop any minute. DL clearly stated on 30th September, immediate cash required to keep the lights on.

It would take a huge leap of faith for anyone to put significant cash into ENET to keep it going - given the £350k /month cash burn and zero news on orders/contracts

The rationale for my post was surely no one buys 100 million shares on a whim - 8 days after DL stated that ENET were in need "Immediate cash" to remain a going concern, with the share price 50% down on trigger price for a release of new shares.

Yup - anything can happen on the AIM - and often does

LOl Donk - I'll try not to make it a habit ! - just thinking out loud fwiw - a nimble trader might make a few quid if it gains traction, For clarity I'm sitting on my hands and watching with fascination

100 million shares in one chunk is a big statement buy - I wonder if DL has secured the elusive funding and this is the start of a ripple in the rumour mill ?

I wonder if David Levi has read Donald Trump's book "The Art of the Deal"

I very much doubt it ......

Yes, this is absolutely the the ultimate No-Brainer share on the whole AIM

For reference - from RNS Tuesday 30th Sept 4:46pm signed by David Levi

"The Company still has an immediate cash requirement to continue operating as a going concern"

... note the word IMMEDIATE

The only thing likely to bounce here is a cheque written out by David Levi

Firwood - This board, for me, has been a masterclass and object lesson in understanding the realities of the AIM. In particular investor/ rainbow chaser psychology and mentality. Seeing patterns. The absolute necessity of thorough research. Observing and even anticipating a pump and dump and it's outcome. Reading between the lines of an RNS. In short how to actually read a share, its BOD, followers, critics and enthusiasts. My critical thinking abilities and gut feeling instincts have taken a quantum leap. Far from being a waste of time the many hours I have spent 'on ENET' have been some of the valuable I have ever spent in my investing life.

.....The knockabout and banter has been great fun too.

I agree donk - I was poised to put in £5k at c 1.75p when Tarana were winning contract after contract after contract across multiple continents - yet not a peep out of the usually publicity hungry DL about any increased orders to ENET. something felt wrong and I didn't buy - it was only many months later that Levi actually came clean that the Tarana business had been lost. I realised then that he was a snake. My £5k would now be worth around 30 quid. And clearly not worth selling - I would currently be sitting it out to the end - and go for his jugular in the event of liquidation.

David Levi is clearly a charlatan and I really hope he faces consequences for his serial deception.

Lol ..... but it's actually worse than that - 60 shares for a penny at .017p a share !

Justone - your post just 15 minutes ago didn't age well!

Come on twib - tell him he is wrong or tell us that you now own 15% of ENET

Yes - but his nose that has grown so long that he has to do a three point turn to get out of the boardroom

It's unlikely they can scrape enough money together to pay the fee for the fat lady to sing the 'die-aria' to announce the end of this sh*t show.

ENET burns cash at the rate of £350k per month and has negligible income and has only survived with perpetual share sale fundraises. That door is firmly slammed shut due to the share price decimation. Yesterdays RNS citing the need for "Immediate Cash" tells us all we need to know

Debt? ...... unlikely to be a lot - only a raving lunatic would have extended them any form of credit since the CRP.