More good news from Tarana
Tarana Expands Global Partner Program with CTIconnect in North America
Mon, November 1, 2021, 12:00 PM·2 min read
MILPITAS, Calif. & RIVIERA BEACH, Fla., November 01, 2021--(BUSINESS WIRE)--Tarana and CTIconnect today announced a new partnership, adding the established distributor of telecom equipment in North America to Tarana’s channel network. The two will join forces to serve members of the wireless internet service provider (WISP) community in the United States and Canada. CTI will assist in distributing Gigabit 1 (G1) — Tarana’s revolutionary advance in broadband wireless access that helps providers deliver fiber-class service speeds with broader market reach while significantly reducing their costs and time to deploy.
Mike Calabrese, Tarana’s Vice President of Sales, commented, "It’s clear we’ve completely rewritten the script on fixed wireless with G1. Now we’re thrilled to open a new chapter with our partners, CTIconnect. They will be an essential extension of our sales team, helping us serve customers looking to build their businesses."
Tyler Larkin, CTIconnect’s Senior VP of Revenue, added, "We have been working diligently to bring a new CTIconnect to market and Tarana’s game-changing technology makes them the perfect partner. Tarana Wireless brings the first true alternative to fiber with G1, allowing our mutual customers to build scalable, competitive broadband wireless networks that will serve rural and suburban America."
rs99
Don’t think I understand the point you are making.
They have ‘raised’ $750k today, not $4m, and that $750k certainly comes with dilution. The shares will be issued at 10% less than the lowest price in last 20 trading days, give or take , according to the formula.
Not sure it’s phenomenal, as the whole thing is enabled by us pi’s buying in the market, giving the liquidity for 5G to sell, as clearly they are not long term holders.
This funding has worked, up to a point. It was necessary because ENET blew through £15m in a few years right down to the dregs. Unfortunately they made some serious errors on the funding front and had to be rescued last year.
It’s given many of us the opportunity to buy in cheaply but it has cost the company dear.
All imo, and, as ever, with due respect to 5G’s help when it was needed.
With news possible on a whole variety of fronts then you’d think there is a decent chance of the warrants being activated by the sp being 80p or over this side of Xmas.
Awareness is growing, as can be seen from the increase in volumes trades over last few weeks. 5G are down to their last 510,000 on last batch, decent volumes next week and that will be gone, although there’s still the remaining £740k to wash through. Be interesting to see if 5G activate the next batch in the next week or so. In some ways hope they don’t, the sp rises and then there’s a chance they will get less shares for their money. Reckon we could be over a £1 by now if not for 5G, but hey, things happen. As ever with due respect etc etc.
Another double tap, that?s 100,000 shifted by 5G today.
That?s 715,000 out in just over a week, a mere 585,000 left out of the last batch.
Increased volumes are going to wash these guys out. Serious news and we could see a 5m day here and 5G last batch out
imo, dyor
Qantas
Re posting twice, it’s one of the quirks of this site, you post, nothing happens, post again and it’s there twice, frustrating!
Re the placing, not sure what you are asking. The placing was done by your broker contacting the placing broker(Peterhouse). The shares are in my nominee account, I use Redmayne Bentley. All went smoothly, the warrants are also showing in my account.
I keep thinking I’ve got enough then I add more of the damn things!
I was happy to pay c 50p a few months back, with further news, contracts, cash they look even better value now, albeit we have more shares in issue.
ENET on page 58 re ‘case study’
https://issuu.com/shares-magazine/docs/shares_281021?fr=sNDYxMjQyOTEyNzQ
TL
Have you any view on 5G IF, in terms of they would seem to be selling strongly into the liquidity. My view is they will hold 0 for longer term and would seem to want to exit as soon as liquidity allows and within the constrictions of the arrangement, whatever they may be.
What’s your take? Do you think they/ENET will take on board the last £750k subscription, which is, I think, by agreement although, again, the details are not known.
Perhaps that may depend on how long it takes the 60p warrants to be triggered.
Thanks TL
Sounds like you were/are in the money then if your post was pulled.
I agree, no ‘state secrets’ were posted, but you encapsulated what we believe is the current situation in a few lines, a good ability to have!
With today’s double tap, and assuming no late trade double taps, that’s 400k 5G IF have shifted in a week.
At this rate last batch will be out in next few weeks.
If sp can move significantly up from here then that’s less shares that 5G will get on the next subscription.
Some interesting bits and bobs on Twitter
https://twitter.com/high69aim/status/1452918569184940036?s=21