Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Agreed TL, the actual contract for me is about 10% of the excitement, 90% is what will follow if all works as well as tried and tested. A handful of this sort of contract and we have a serious company.
Great minds as they say Asklongy! I kind of forgot about rule number 1, if anyone had told me 3 months ago I'd have everything in 1 share I wouldn't have believed them but here we are.
This is a remarkable RNS, so much more than just a contract, new OEM customer, break through to Indian market (huge), specified initial contract amount and details of payment, possible future collaboration, may lead to further significant annual revenues and software licenses for Ethernity for large scale deployments (pending successful execution of current contract). What's not to like.
I'm running a £500 car, I have sold all my other shares and all my free cash is in ENET, all my instincts tell me I'm playing a dangerous game but strangely enough I'm not worried. If we hit £2 a share it will be life changing as I now have a considerable holding.
Negative sentiment is a difficult thing to reverse, you also have the rainbow chasers, gamblers and possible brakes being applied like TL mentioned. I think it's reasonable the SP has done what it's done.
As it's clearly evident ENET are in discussions and testing with multiple clients and OEM's, my only remaining concern has been funding and possible more dilution, this for me is rapidly disappearing. The icing on the cake would be the warrants being triggered. After today's contract news and the imminent 5G deployment we must be on many more PI's watch list and I would expect a gradual rise in the SP from here. I'm in for the end game, no it's or but's.
I added more at 18p recorded in red. So roughly another £300,000 in milestone payments before calendar year end, exactly what we needed to get us through to the big stuff next year! The last contract awarded just 48 days ago, you can start to see this is an R&D company transforming into a revenue generating company.
The last 10 trades are all registered in red and without looking at them a little closer you would think/presume they are all sells. It's important to discuss this as this data incorrectly suggests Pi's are selling out. This is NOT generally the case, it's 5 sells vs 5 buys. If this drops to 15.75p which it probably will, it's important to know there is no selling trend.
Oh, wrong end of the stick there, my sister is in Turkey now. Sold out of a very promising share today to put another 6397 shares or what ever it was in here. Along with the 1624. I'm up to quarter of your holding but must slow down now. This rises on very few bits!