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Bid that's just ridiculous. Why has the share price tanked? Because of the pending finance. If you don't think that the share price will bounce back to pre finance price if 40p I don't understand your thought process. It just takes a bit of news. The management has set their minimal goals as they will want to exercise their warrants. They need a couple of million, it's significant that they haven't done all at 12p.

Prennie can't you see the bit about the warrants and the notice to exercise. They simply have to hit the 30 and 40p target for 5 days. I guess they are confident of that. That realises £1.3m

Ask the placing is really for £2m+ and assuming they hit the triggers at about 17p a share. Still crazy cheap.

They are not Ethernity projections but industry projections. I think that they will turn out to be very low as we are already seeing new markets for fpga and virtual solutions from previously undisclosed sectors deep within the core.
Ethernity's royalty stream will come from soft and virtual ware. Products to run on and through the fpga, in fact any fpga.

It was a figure quoted by David Levi in an interview. You need to remember that these are future markets although they are not far away now with mass deployment less than a 12 months away. There will be no facts for any future markets. Projections are for $1.2bn over the next 5 years so as market leaders in the first major market $100 million seems quite realistic to me.

Ask it is not 700k.The warrants don't forget. 3.25m at 20p and 3.25m at 30p

Prennie I don't think anything has changed $100 million revenue from the Chinese deal is still very much on the cards. However that was very much future income. I guess this is typically AIM

Indeed, they certainly have structured the finance with a view to 30 and 40p. Other companies in their peer group are in the billions and Ethernity just a couple of million. We'll see some panic selling today. I will be happy to take a few at 15p.
Hopefully we'll see some liquidity now. We have extra shares issued and more to come. Hopefully some will end up on the retail market. It's certainly not a healthy way to be. Hopefully some volume will attract a few more MMs

Unfortunately they were duty bound to release the information about the funding requirements and it was there for all to see. The market anticipated that would be difficult. I think that they have shown alternatives to a straight low placing with the warrants and the enforcement of the warrants. Now all they need to do is hit 30 and 40p to get the cash. I see that as a strong incentive and I suspect that we'll see news released in the next week to support that.

Actual price is 12-15 as PEEL are still showing the old values. I will be taking some today.

It is good to get this behind us. It is always a problem when you disclose needing funds in a terrible market. Yes this could have all been done at 40p but this is the AIM.

We have a 5th MM now listed. The fund raising is designed for the growth of the share price and it is simply to carry over the next 12 months.

Given the notice served these are actually already sold at 20 and 30p assuming the share price hits the triggers.
Level 2 looking a bit confused PEEL still asleep

Bid I bet they wish they were. They are a instrument to offer a share at a fixed price. So the 20p warrants are triggered at a share price of 30p where the participants will be given notice to exchange their warrants for shares at 20p. Then 40p triggers the 30p shares. Basically it is a promise of shares under the conditions that the share price increases to that level.

So the total amount raised about £2.3m.
Simply staged over the next few months to meet the requirements until cash positive about 12 months away. Average price is just below the current share price. 13m shares will be issued once warrants converted.

Shear class. Not living up to your name with that silly little post. On your way

Skid yes but these guys are holding at 130p already from their interest in the IPO. Then they have cut their fee to save money.. Yes they can afford to lend Ethernity funds I am sure but why should they for 5% when they can reduce their average. They will still be holding at £1+ a share

Correction 3.25m at 20p and 3.25m at 30p. Making at total of 13m potential new shares.

Note the accelerator clause triggering the warrants and the notice to exercise. Makes the placement price more or less market price. The actual amount is 19.5m shares assuming the triggers are hit and I see absolutely no chance they won't be.
I see that they listened about shareholder participation but I think can't see them actually releasing many to shareholders. I will try to get some and the warrants attached to support the company.
This is a staged funding option and covers the very short term. It should support the rise in the share price triggering the stages. I would have liked to see the warrants at higher levels but they couldn't go much above the current share price so they were capped there.
As I understand it there are 6.5m at 12p, 6.5m at 20p and 6.5m at 30p. Making the average 20.6p a new issued share.

I think that many will be surprised by the size of the future. I still think £10 a share in dividends and share value.

A tiny fraction of what Ethernity do, they have gone so far past node to node flow. Ethernity have virtual hardware on fpga that does so much more than switching. It can also transform into something completely new with a firmware cascade remotely. Ultimate recycling.