Member Info for LearningG

Just catching on mostly repetitive posts with Skid making most sense as usual, but finger in the air made me laugh out loud briilait, 3 trading days to next GM. this time it will be a rubber stamp. David's game or the game he is in will become clearer hopefully.

Its hard to believe this mornings failure was just bad organisation.

AGM 14th August

3. Resolution 2: To increase the authorised share capital of the Company to NIS 300,000

consisting of 300,000,000 Ordinary Shares, each having a nominal value of NIS 0.001, and to

amend the Company’s articles of association to reflect said increase in the authorised share

capital

With 238m in circulation and the final tranche of 61.5m to Bergen this is not the issue, unless something technical in words.

Why look so foolish unless there is an alternative plan or a delay was required?

Someone or several players are up to games. As to whether SP goes up on news, a squeeze or down on dilution is all guesswork. Days like today just mean we have 7 more days to debate what the heck is going on.

Jemgee

Perhaps it was like the last time, in that the deal they were offered by city on any bookbuild was basically giving a large chunk of the company away again.

76m shares 2021 to 324m shares under current liabilities.

Maybe David has another way

Or has just refused a low ball offer

Or maybe he smells a risk of losing control like he has done before

Or its just bad management of the GM

?

No its something but nothing to do with the war.

With hundreds of new investors would it do have been important to communicate the process better.

Form of Proxy for EGM 7 December 2023

http://ethernitynet.com/wp-content/uploads/2023/11/267254-Ethernity-Networks-Notice-CL-3.pdf

http://ethernitynet.com/wp-content/uploads/2023/11/267255-Ethernity-Networks-Proxy-CL-2.pdf

http://ethernitynet.com/wp-content/uploads/2023/11/267256-Ethernity-Networks-FOD-CL-2.pdf

I would suggest they do not know who their new holders are in the main. You have to follow the process and fill these forms in so your vote can be cast at GM

Yikes today is a shambles.

Zag watch out you are about to get lashed by a load of rampers

Today is not about raise. its the authority to 800m. Next challenge is to get SP up a bit before raise

Last time it took till after 1 so don't hold your breath. it should be speedier today

Started 17 mins ago

Come on get the approved rns out

This does not mean they will raise 500m new shares in any raise. It does mean they just can do it if opportunity arises without a GM.

Http://ethernitynet.com/wp-content/uploads/2023/11/267254-Ethernity-Networks-Notice-CL-3.pdf

http://ethernitynet.com/wp-content/uploads/2023/11/267255-Ethernity-Networks-Proxy-CL-2.pdf

Resolution 1 seeks to make available a sufficient number of Ordinary Shares. The Company is seeking to

increase its authorised share capital to NIS 600,000, consisting of 600,000,000 Ordinary Shares, each having

a nominal value of NIS 0.001.

Further to the above, Resolution 2 will enable the Directors to allot Ordinary Shares or other Equity Securities

on a non-pre-emptive basis, up to an aggregate nominal value of NIS200,000.00 (equivalent to 200,000,000

Ordinary Shares), which is equal to approximately 134% of the nominal value of the issued ordinary share

capital of the Company as of 9 November 2023 or in connection with a rights issue or similar offer. The

Directors believe that the authority provided by this Resolution 2 will maintain a desirable degree of flexibility

during this challenging period for the Company. Unless previously revoked or varied, the authority granted

by this resolution will expire on the conclusion of the next annual general meeting of the Company, provided

that it would apply to offers and agreements made prior to such time.

Http://ethernitynet.com/wp-content/uploads/2023/11/267254-Ethernity-Networks-Notice-CL-3.pdf

http://ethernitynet.com/wp-content/uploads/2023/11/267255-Ethernity-Networks-Proxy-CL-2.pdf

Resolution 1 seeks to make available a sufficient number of Ordinary Shares. The Company is seeking to

increase its authorised share capital to NIS 600,000, consisting of 600,000,000 Ordinary Shares, each having

a nominal value of NIS 0.001.

Further to the above, Resolution 2 will enable the Directors to allot Ordinary Shares or other Equity Securities

on a non-pre-emptive basis, up to an aggregate nominal value of NIS200,000.00 (equivalent to 200,000,000

Ordinary Shares), which is equal to approximately 134% of the nominal value of the issued ordinary share

capital of the Company as of 9 November 2023 or in connection with a rights issue or similar offer. The

Directors believe that the authority provided by this Resolution 2 will maintain a desirable degree of flexibility

during this challenging period for the Company. Unless previously revoked or varied, the authority granted

by this resolution will expire on the conclusion of the next annual general meeting of the Company, provided

that it would apply to offers and agreements made prior to such time.

I know I am relentless with facts but in case you have not read resolutions 1 and 2 you should to understand the GM.

on Ethernity website.

So full year looks bad, a few did warn you

Good news operating P&L costs down 22% and more to come for 2024, probably will drop 45% for full year 2024 vs 2022.

Sales good news has not been released yet, get this out before any raise, if they can.

Company has orders being looked at as Tech is great expect more good news.

The RNS is a big positive but raise is stressed again.

It seems the 5 reports mechanism worked taking down my weekends informational work. Disappointing LSE don't read it but just take it down on the advise of a few from the dodgy brigade, those leading the charge of the massive ramp that's been going on.

Now will the SP get high enough to trigger warrants, which would help Ethernity enormously, we will see.

Vote should be a rubber stamp. Will we get a TR1 or contract RNS before?

We will get an outcome but hopefully more detail, but not guaranteed.

50% rise today is impressive. 2 more trading to go.

Bongobondhu

That comes from Stockopedia. They classify Ethernity currently classify as a Sucker stock . It comes from the time Ethernity had 1 Broker recommending as a strong buy it does not look to have been updated as currently they have no brokers making comments on Ethernity. It looks like they have left the Price Target in from a historic broker recommendation.

certainly not current and pre dilution.

Bankruptstock 10:01 today

My sell of 1115350 is not showing I got rid of half as I bought at 0.90 yesterday. Keep the others for the bounce or re top up later

Operating costs last year 8.7m

margin 54%

1.7m at 100% margin does not touch the sides