Member Info for TheSyrup

Basically vote his way or the company gets wound up.

1.4B shares. LSE has the market cap totally wrong yet Psalm still ramps the incorrect figure as a positive

The only teaser they had was the news released last week.

Doubt it. The EGM and high probability of massive dilution on the horizon will soften what little demand there is here

The market cap shown on lse.co.uk is wrong PJ. There are 1.4B shares, not the 326M they state. Market cap isn't £103k

Don't have a buy price, wouldn't touch this with a barge pole. Just interested to see how this all plays out.

The current market cap is about £420k, still room for more dilution yet.

Someone paid 0.04p at 16:43, only 5M shares though. Someone got mugged there

Blackhorse posting a load of old pony as per

There can't be a placing until shareholders vote for it at the EGM.

1.4 B shares in issue, which is the maximum the can issue hence the need for a EGM.

https://ethernitynet.com/investors/#Shareholder_Analysis

Also the market cap here is currently about £400k

A lot of the cash raised will be spent almost immediately to clear the tsp debt, now due by end of April. There won't be much left over even after massive dilution

So a transaction that happened over 2 years ago. His £200k purchase is now worth less than a grand. Outstanding leadership there.

When did DL pay £200k for 3M shares recently? His last dealing was 5M shares @ about 0.13p (see 6th Dec RNS).. nothing like a £200k transaction

As per the latest RNS they need to do a raise to help pay the tsp payment, hence the EGM to allow more shares to be issued. The company has warned that this will lead to significant dilution for shareholders. Be careful here.

The BoD are the only ones making serious money here. Depending on the outcome of the EGM the only outcome here is either massive dilution or administration

Did you read todays RNS? The company are calling an EGM to gain permission to issue more shares and significantly dilute even more. If that gets voted down then the company will probably run out of money.

Am I right in thinking whoever bought 46M shares this morning is now the largest shareholders? Levi holds about 41M shares.

https://ethernitynet.com/investors/#Shareholder_Analysis

SP 29% down at the moment, don't think shareholders have the rose-tinted outlook blackhorse has.