Member Info for LearningG

David is posting £1m as he believes

Warrants at 6p make 1.4 million for ENET. That could be used to pay off Bergen. If not it would take wolves from door. If Tarana want to buy IP given their history with DL over many years then they would pay a respectful right price.

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.

Davey50

This SP is not all about Pump and Dump. current MCAP 4.3 million. If the sales that had been "promised" had come true none of this would have happened. MCAP a year ago was 8.4 million, the company arguably has made some big mistakes but is the supplier to one of the fastest growing companies in the USA. i have hovered over the sell button but am still holding. if the cash comes through there is a long way to go.

The warrants looked impossible not so long ago. I seems that the SP is trying to get there, supported perhaps by those that understand the true value of the company once it has cash.

The level of volume reflects the release from downward selling pressure and people taking a one day view on the opportunity. That said its now been two days and it makes you think something bigger may be brewing. Not sure what though. Its never boring with Ethernity.

Their positions have not changed in a long time most in at a much higher price

David Levi 13,449,065 7.2%

Cipio Partners Fund VI S.C.S 5,722,000 3.1%

Shavit Baruch 5,760,438 3.1%

Premier Miton Group plc 19,586,196 10.5%

Pix Epsilon Pte. Ltd. 2,476,000 1.3%

Some quick summaries here but in reality not too far off. The SP has been manipulated down, the true value is the relationships with some exiting and some newer opportunities, most of which David L detailed in the last few RNS's. If we can resolve Bergen issue, the SP should move a lot higher than here. More automatic funding comes with the warrants if the SP hits 6p, with an accelerator at 7.5p its all in the RNS history. Great couple of days, it feels more positive after a dark few years. Well done to the traders but I do not think this ride is over and i hope its finally up up and away.

Yesterdays news was highly significant. There are opportunists riding the wave short term. The news meant that no longer were Ethernity going to accept a disillusioned funder destroying the SP. At 1p the SP is not a risk "if" the future can be resolved by getting the payments in and balancing the books. Then also by stopping the massive potential dilution by Bergen.

Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of networking processing semiconductor technology ported on field programmable gate arrays ("FPGAs") for virtualised networking appliances, provides an update on the share subscription agreement with 5G Innovation Leaders Fund LLC (the "Subscriber"), details of which were announced on 25 February 2022 (the "Subscription Agreement").

On 20 October 2023, the Company announced that the Subscriber had issued a settlement notice for $90,000 pursuant to the Subscription Agreement (the "Settlement Notice") and that application had been made for 37,125,650 new ordinary shares of NIS 0.001 each in the Company ("Ordinary Shares") to be admitted to trading on AIM and allotted to the Subscriber in satisfaction of the Settlement Notice. Having subsequently taken the advice of its UK legal counsel, the Company no longer considers that the Settlement Notice was issued validly, due to the Subscriber having notified the Company of an event of default under the Subscription Agreement (as announced on 12 October 2023).

The Company has engaged with the Subscriber to seek to come to an agreed position on the treatment of the Subscription Agreement during the Temporary Suspension of Proceedings process (as announced on 16 October 2023) and further updates will be provided in due course.

On 13 October 2023, the Company received a demand letter on behalf of 5G Innovation Leaders Fund ("Investor") in respect of the Share Subscription Agreement ("Subscription Agreement"), details of which were announced on 25 February 2022. The demand letter notified the Company of an event of default under the Subscription Agreement resulting from, inter alia, the application for the TSP Order, and requested immediate repayment of the US$1,336,000 outstanding under the Subscription Agreement. This amount will be handled by the settlement manager alongside the Company's other pre-existing creditors and further announcements will be made in due course.

The negotiations will be interesting

I can sell by entire holding for .366p but at 95% down let’s see next steps. Still held zero value in my portfolio.

It would seem that all is lost. Most had written it off already, at the AGM it was clear that only radical action would have any chance, so not a surprise. Too many customers not paying and the company being naive in its trust . Spirent and Calnex results have shown how tough it is. The SP graph tells the horrible story. If the invoice paying goes to litigation only the legal teams will make money. Tax losses and IP must be worth looking at? Such promise lost.

Well I never 17% up.

Thank you Dallo

Let’s hope they are listening to you and not spending too much time sharing the future with time wasters. David’s dream appears to be bought out for 100 million.

To achieve this they have to deliver a huge amount and repeat over 5 to 10 years, It’s time to listen, challenge and focus on charging more. I too hope it’s not too late.

Let’s get paid for the undoubted great tech. GLA

No but bitter at lost money.

No not Patt who would have posted much more frequently. The disconnect to responsibility shown by Yosi the chairman at the AGM was unacceptable. He offered no structure to the meeting, thank heavens for Dallo. He was almost smug at his disconnect to the finance farce. WE find ourselves sitting on heavy losses but if WE are to not make it 100% then our hope lies in David better engaging Yosi either he challenges and us allowed to challenge the plan or he sits smugly taking his pay after being over ruled. I do not believe all is lost but tightrope is being walked. David will either listen to Yosi if he adds value or take another saving. Dallo for chairman, I think we would all agree.

Bergen could convert and with a little support takeover the company with IP, contracts and Tax benefits etc to sell on. To negate that the Bod would have to buy them out, or give them a route out. From the AGM that is what David is working on. I have no idea how much of the 9 million is still intact, but buying out Bergen may have to be the plan, we will see in time. If they buy them out at what price? Min they would accept is the 1.4m. If we are to be cash positive half 2 then assume early 24 a deal could be structured to suit both parties, once ENET can prove they can make money?

Only Hydrogen /fuel cell stock on move of significance today

I have had a look around but nothing I can see