Member Info for LearningG

Look at trades for last few days and there seems to be someone selling volume, price holding up well if true

10m friday, 1m yesterday, 2m plus today. 13m gone in 3 days. 31m to go.

The Chairman's attitude, body language and lack of preparation at the AGM was embarrassing. Clearly distancing himself from they key decisions. If they have not agreed to listen to each other and he has agreed to do some work that makes a difference then he to should have gone.

Application has been made to the London Stock Exchange for the Tranche 1 Shares to be admitted to trading on AIM ("Admission"), and Admission is expected to occur on or around 14 November 2023. The shares will, upon Admission, rank pari passu with the existing Ordinary Shares of the Company.

Holdings should follow from ENET so expect TR1 and holdings in next 6 days unless Bergen have presold. At least 2 RNS then.

ENET Value yesterday close SP 2.4p MCAP 3.6m

Bergens 44.9m first tranche has diluted to SP 1.8p.

Assuming MCAP still 3.6m as new SP 1.8p reflects new share holding.

Bergens next 43.6m would dilute SP to 1.5p

Bergens last tranche 61.5m would dilute SP to 1.2p

To raise 1 million at 1.0p (20% discount) would mean another 100m shares need to be issued diluting SP to 1p

That leaves company value at 3.6 million value and 1 million cash in bank.

Very over simplified and assumes they can get a raise away at 1p.

Now what value Ethernity if all this happens

They would be a company valued at 3.6m with 1 million to sort out debts and orders at a minimum for next year should be 3.5m

Tarana at 1.5m

Aerospace 0.5

debt payments 1m

Licensing 0.5m

2024 = 3.5m.

what value the company would be above or below 3.6 m is hard to say with 400m shares

David Levi must hope to have news that will drive the SP upwards if not it heading towards 1p and Bergen can sell above 0.3p

I agree Skid but if ENET get the job done as hoped the awareness of the company has gone through the roof.

Pumpky

The over simple answer is investing heavily in R&D to lead the market but not making sure they were going to be paid.

Read the RNS on 12th October. The company has been making brilliant product for many years with large and small OEMs seeking them out. What they did not do well enough was collect what they are owed. Their focus has sharpened and David Levi and team have learned a painful lesson on taking the eye off that ball. US contract great news, now can they get the $1 million dollar owed and orders delivered/accepted buy a large OEM that works in China and Indian markets.

It would seem a few samples have been given out to Daily Mail and Star. SP not good. I’ve run valuations on Tek and with 2 listed companies a delayed IPO for Microsalt( why uk?) and Guidant it looks fairly valued not undervalued. Granted the reverse engineering of Bellascura stopped a direct excessive dilutive raise. Not convinced it’s anything but priced about right. SP action hopefully does not hint at more dilution coming.

Hello Zag

there may not be one but if one comes in its always interesting to see who and then ask why? If none then as you say its just us ordinary mortals.

Notifications by shareholders and issuers

DTR 5.8 sets out the procedure for notification which must be made to the issuer and to the competent authority (in the UK, this is the FCA).

The shareholder must notify the company (and the FCA) within two trading days of the interest first arising or of any subsequent change. The company must notify the market by the end of the next following trading day. There is a prescribed form for the notifications (TR1) which can be downloaded from the FCA website: www fca.org.uk and DTR 5.10.1 provides that this information must be filed by electronic means.

Premier Miton advised company on 31st October. If then assuming a shareholder had crossed the 3% threshold that would be confirmed as crossed on 1st. Then TR1 if its coming would have to be today?

A year of tactical investments, record profits and Mike Ashley staff Bonus paying out at £10. Update early December and should move up to £10 sooner rather than later.

Warrants are 6p with accelerator at 7.5p if price holds above 7.5p for 5 consecutive days it brings immediate call for payment.. 6p is key as it locks in cash but 7.5 would be fantastic as it brings payment in straight away.

Lots of trades price moving up

Premier Miton Exit was this week on Monday 30th, notified on Tuesday 31st. Assuming one of the buyers crossed 3% who bought should be shown 5 days later, TR1 tomorrow, Monday or Tuesday?

November 2021 - Ethernity MCAP 38M share price 52.8p shares 42M

Working with Tarana on G1, working with US Airforce on link bonding, working with Chinese OEM with markets in China and India, Licencing historic use of IP, others may have fallen through but these were planned partnerships.

Current MCAP £6.2M SP 4p shares 149M.

That's 2 years further down the line and more irons in the fire and a huge spend on R&D completed.

SP for MCAP 38M is 25p that's where we should be looking to be 6 times. Sort the short term and get back to being a company heading towards a 50M valuation.

RD and head count costs now under control, David promised profitability in Q4.

25p

Skid you are right but its great payments are flowing. What chance another Tarana 1.5M order before 31st December?

Even if the 6p does not immediately deliver the 1.4M,it does become guaranteed. That guarantees the money will be coming and can be used as a credit if needed. Its the 7.5p that delivers the cash straightaway. Amazing turnaround and Tarana going like a train not just in USA but many other locations.

It’s 7.5p apologies it’s in the RNS wording but you get the point

Last 2 weeks the new believers have been brilliant but job only half done.

To be clear the Warrants at 15 p do not exist any more

“The Company has on 24 May 2023, varied the exercise price of the 23,571,430 Warrants from 15p to 6p per new ordinary share in the Company ("Ordinary Share"), representing a 107% premium to the closing mid-market price of an Ordinary Share on 24 May 2023 and a 100% premium to the issue price of the Company's recent placing, announced on 11 May 2023. In addition, the Warrants contain an "accelerator clause" whereby the Company is entitled to require the warrant holder to exercise the subscription rights to which to which the holder is entitled in the event that the mid-market price of an Ordinary Shares should close above a certain price for any period of five consecutive days prior to expiry on 8 February 2025. This "accelerator clause" has been varied from 20p to 7.5p, applicable on the same basis as outlined above and in the Warrants.”

Warrants trigger at 6p but we need 7p to accelerate the conversion.

Other warrants exist for agents involved with equity raise but are much less at about 1.2M shares

Bergen still have 1.336 M dollars to convert to shares once the legal agreement breach is satisfied. At the 0.2p proposed last week the conversion of 90k dollars was 37m shares, madness.

The dream would now to convert once the share price hits 7p and stays there for 5 consecutive days. That gives Bergen 15.7m shares for the whole 1.33 m dollars. (includes a rate conversion)

This stops a massive dilution and gives David Levi more of a chance to keep control of the company.

Bergen then satisfied as SP price under pinned. (probably not happy though but that would be up to the courts)

Company gets 1.4m for the warrants which allows it to move the company into profit as promised for second half.

Over to you 2 weeks ago impossible, now entirely possible but SP has to stay above 7p for 5 days.

I for one hope you can

If it was a storm drummed up by Premier Mitons buddies then amazing job but as pointed out 19M is small in comparison to the number of shares traded. New holdings at 5 days should be released by Monday night latest if they hold 3% plus. Who is it or is it just a whole load of PI's.