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On 31 October 2023, the directors of Belluscura and the directors of TMT Acquisition plc ("TMT Acquisition") announced that they had reached agreement on the terms of a recommended all share offer by Belluscura for TMT Acquisition to be effected by means of a takeover offer within the meaning of Part 28 of the Companies Act 2006 (the "Offer").
On 28 November 2023, Belluscura announced that there would be a short delay (with the consent of the Panel on Takeovers and Mergers (the "Panel")) in the posting out to TMT Acquisition Shareholders of the Offer Document. With the agreement of the Panel, Belluscura now intends to post the Offer Document out to TMT Acquisition Shareholders by mid-January 2024.
Here we are in mid Jan and still no date confirmed and with that Bell SP keeps dropping and puts pressure on Tek. Can anyone make this a positive?
I agree while China wrongfully think they own Taiwan this deal suggests Weichai is being confirmed as not happening?
11 January 2024
ETHERNITY NETWORKS LTD
("Ethernity" or the "Company")
Holding(s) in Company
Ethernity Networks Ltd (AIM: ENET.L; OTCMKTS: ENETF), a leading supplier of networking processing semiconductor technology for virtualised networking appliances, received notification today from 5G Innovation Leaders Fund, LLC (the "Investor") that the Investor's voting rights over the Company's ordinary shares at today's date are between 8% and 9% of the Company's total issued share capital.
this represents 32m as at the 11th but they have been selling down since.
Card are one of the most efficient when it comes to wage controls. Minimum wage damages their less busy rivals more which in the longer term benefits card. They know the costs and it will all be budgeted out with a plan.
Loan must be the cheapest way to get launch away but it’s all very contrived. Just received my Microsalt from Amazon, I will give it a go and feedback. They better get Microsalt away this time or the begging bowl will be coming again.
Thank you for that video link. Its interesting to see its in their news and Seb is very clear who was at fault.
12/01/2024
5.6% David Levi 20,949,065
1.5% Cipio Partners Fund VI S.C.S 5,722,000
1.5% Shavit Baruch 5,760,438
0.7% Pix Epsilon Pte. Ltd. 2,476,000
8.5% 5G Innovation Leaders Fund, LLC Min holding FC 32,021,293
Total Shares 376,721,091
they had 45,500,000 so still 13.5m cleared 32m to go.
HTTps://www.msn.com/en-gb/news/newslondon/google-starts-blocking-cookies-that-track-your-data-across-sites/ar-AA1mw3rg
i think the opportunity is sinking in
Given Bergen has cleared a huge amount more than this in last few weeks and has continued to do so this week I suspect this will get away. There is an appetite for the shares. Decent order news will produce a rapid return for the investors.
This should allow TSP to be cleared, courts will have agreed this figure as going concern being satisfactory. Now Revenue 24 needs to be at least $8m to deliver profitability and an EPS that we could forecast a meaningful PE off for 2022, 2025 and onwards.
Many sales and inventory questions to be answered but safety for now seems assured. I think 1.02 (8.01 this am) may be the new low.
I doubt new holders will see under 1p but they may not plan to hold on too long if news can get SP up.
If SP hits 1.5p that's a nice safe 50% and exit.
Next news will be exit TSP and the Wireless news from states.
If Bergen are behind the sales yesterday which fits the pattern then the SP will continue to drop without news. Looks like they did not presell. 61.5m will take longer to clear as raise is authorised and in the background.
Money collected over December should allow Ethernity a time runway in quarter 1. This allows Bergen to go. SP to stabilise and news to be released with raise.
Step by step David L is getting there.
If SP drops to 0.5 while Bergen clear then they too have exited at an average price far better than they expected, remember they expected nothing except a creditors battle not long ago.
Ethernity will watch the next few days trades closely. Then exit the TSP with an agreed plan to raise in new year, the courts will have to be convinced all is in place but should be deliverable.
Company then with cash but what price raise depends on the order news. Next step then Bergen to clear with mm's trying to suck more out of PI's.
Key Shareholders
Significant shareholders as of 05 December 2023
Shareholders Shares %Holding
David Levi 13,449,065 5.66%
Cipio Partners Fund VI S.C.S 5,722,000 2.41%
Shavit Baruch 5,760,438 2.42%
Pix Epsilon Pte. Ltd. 2,476,000 1.04%
5G Innovation Leaders Fund, LLC 43,600,000 18.34%