With many, many thanks to the CEO’s from Zephyr Energy, Power Metal Resources, Scirocco Energy and SpectrumX who entertained and informed us at last night’s investor event. To see their video presentations view here.
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I think that we'll all be satisfied by a "very very encouraged" from David.
Well we would if he told us why we should be encouraged.
My hope is that this explains it.
In the short term not really interested in providing update or commentary to get this to 60-80p in the short term, more interested in a 10-20x multiple in '23 based on results or setting this company up for a take out at this level.
Would be nice to have this "hope" backed up with and rns on the uep deal to steady the nerves. Q4 I would like to see an investor meet with a really good slide set reiterating the strategy, market and opportunity so that we can see how they are tracking.
Still all in here.
7 months in, what we’ve had , so far.
The odd barely decipherable interview. You have to be an ENET fanatic to tune into those. Needs sub titles!
RNSNON re 3 tier 1 server vendors. If ENET reckon it’s RNSNON , why should anyone else think any different?
Tarana news, bare minimum given. Investors have no idea what the potential is or anything else about this development.
Results, 6 months out of date.
That’s about it, oh, Chuck in a patent and a vision.
Pathetic and nowhere near good enough.
Meets all the statutory obligations and is honourable though, if that’s any compensation!
Can’t do any worse in the next 5 months, can they?…..
A fair and good point Skid.
Makes their lack of action on the ir front all the more perplexing.
For those concerned, would advise a read of the recent annual report to look at executive compensation and share options. Comparing these to relatively senior executives in US listed companies where I have worked in these are most definitely in the lowest quartile.
The monetary reward is based on share price appreciation of their current holdings.
Yes, very interesting to read the posts from dallo and TL.
I’m afraid I’ve been ‘done’ a few times in my investing career, some fraud, some misrepresentation and others just incompetence.
If the ENET management are honourable people, then hurrah to that. Re Mark, I take the point TL makes, he is not a decision makes and essentially does what he’s told to do. A useful gate so DL/SB are not bothered by us minions.
So Ethernity tick a lot of boxes, great tech, fantastic near term potential, trustworthy management, cash in the bank.
They’ve done the hard work, it’s just a shame they seem utterly incapable and unwilling to embrace being a listed company and ensuring investors are informed, kept up to date, and engaged with. Other than their statutory obligations.
That’s not good enough. They’ve got the rest of this year from me to demonstrate ENET is a suitable home for my hard earnt.
Thanks TL wasn’t suggesting a scam here , more highlighting your point of lack of aim regulation. Atb
I don't think that it's any kind of scam. I don't think that they could or would take it private. Even at the low share price. I think that they are a brilliant tech share and they have absolute game changer products in a NOW market.
I just don't think that they really know anything about running a listed business.
Despite this they will be hugely successful and we'll see the share price £5-10. However they could make this ride much smoother by disclosing enough information to everyone. Information is there, staff and friends of staff will talk in exchange for a Pizza and a beer.
Interesting posts from Dallo and Trace the ace last night. Both of you have lived more lives than the average cat it seems. My ten pence for what it’s worth is this, I have been completely shafted by a few companies on aim, the main one being gunsynd. A pre ipo offer was presented by the management into a new tech company called fastbase. This turned out to be a complete scam and a fair few people lost a fair bit of money, luckily I’m not rich enough to have lost much but the point remains, they got away with it .Aim is definitely the Wild West . From what I’m reading I feel like the main worry now is that enet somehow make the company private thus wasting all our time and money. That would indeed be very bad. Probably the main reason I have hung on to the enet thus far are the core people who post here regularly and seem to be genuine investors so thanks all. I’m hanging round for a bit longer but like a few others I just need a little bit more news. Yes TL I want my hand held lol. Atb everyone
No he is definitely a quality leader. I have spoken and met with several of his staff and he knows his stuff. The behaviour we see it that of a Private company which this was for many years prior to listing. He ran a small and very tight ship with very little turnover of staff. There was real need for secrecy and no reason to report anything as a Private company.
Now Ethernity are listed they need to play the popularity game or be left standing alone for the last dance. Doesn't matter how good you are if nobody can see you.
They do not need to employ a spin guru as they don't need to spin a thing. They just need to be in the habit of providing regular disclosure and providing enough information for investors to make decisions.
A good start will be $2m of Tarana orders, how many units is that? What proportion is hardware, who manufacturers it and how will they respond to mass deployment orders
Agree with your views and I never trust anyone in life unless they deliver on promises and obligations.
David is the man in Ethernity but is he any good or just another dreamer who can't manage a two piece jigsaw.
We will find out very soon.
A lot of us here have a lot riding on whether we have been smart or fooled .
If we have been stupid it is then a question of what the scrap value of Ethernity is.
Perhaps €15m for IP plus patents or less in a fire sale.
I don't think we are anywhere near that doomsday scenario yet but we need action now.
I think Dallo you are missing the point. Any suggestion of Mark being honourable means zero when he's the CFO. His personal attributes mean nothing as he is not a decision maker. He is responsible for compliance and that seems to mean just saying no to everything.
Fortune took no risk they simply abused your trust. It was fraud not robbery as no force was used or threatened. They simply obtained a percuniary advantage through deception.
A good compliance course is to do as much as possible whilst bordering the regulations. There's many things that they can talk about not even mentioned in the regulations.
I will not give much away as it will reveal my identity but I have in my former career investigated several significant frauds that made the BBC news. I am now anonymous with no home port.
Mark hides behind compliance however I suspect that the steer from David is not to discuss anything.
Mark has to copy David on any replies so I think that he is just a puppet with no voice.
Fortune Oil had acquired shares in China Gas Holdings at an average of 2 Hong Kong dollars .
They now are HK$24 and valued at HK$ 13 billion.
I had a major investment in Fortune Oil whose biggest investment was in China Gas Holdings a quotedmajor Chinese oil player.
The Chinese management of Fortune did a buyout at a knockdown price and while I made a profit they subsequently made millions
I could have made a huge return but we were shafted.
A number of shareholders including myself went to the Courts in London to contest the robbery but got nowhere and had to withdraw our action due to costs .
Give me a honourable management team rather than the usual bunch of thieving crooks any day.
Yes as I thought. There in lies the problem.
The AIM is not an honourable place. Chances of the AIM adopting any kind of regulation is absolutely zero it is the wild west. Police yourself is very much the idea and whilst some play by the rules others gain.
In the battle to maintain an honourable reputation one ends up becoming risk adverse. It's well within the rules to provide adequate information for the market to make informed decisions.
Why don't we know how much each Tarana unit is. It would allow us to measure the potential. There's absolutely no competition or reason why we don't know.
In fact we don't even know how much of the kit within the box is Ethernity.
Trust in the management of Ethernity is one of the main reasons I am heavily invested .
My son who works in a senior management role in a major FTSE100 company had a recent meeting with a top executive of the London Stock Exchange and because he knows of my shareholding in Ethernity asked him what he thought of Mark Reichenberg .
The LSE guy said that Mark is well known and highly respected by the LSE as the go to person in Israel in relation to flotations of Israeli companies on the London Stock Exchange...which is Marks other activity along side being CFO of Ethernity.
He is viewed as a man of the highest integrity was the view .
So if someone like Mark Reichenberg is on the management team of Ethernity and is committed totally to its success then at least we know we are dealing with honourable people and David ,Yosi ,Brian and Baruch are definitely that as well.
It doesn't guarantee success but it certainly gives me enormous comfort.
Link in to the AGM next Monday and express your views.
Escape would that then mean they weren’t in control to keep an ……..’orderly market’……. Beginning to hate that expression . Gimme an insanely disorganised market on its way to the stratosphere now please ! Full of the analogies tonight I am. GLA
Cheers for that martyn. Same here knee deep on the rocky rapids holding out for that beautiful big enet salmon to snag the line. Atb
01234, I’ve often thought that too, the price they get is always on the generous side.
Possibly they just park a block of shares with a particular market maker, who, as and when the market allows, chop them out.
I did take a few more today, almost knee deep in ENET stock now.
Splitting hairs here but why do they get a reasonable price to sell those? Is that the mms manipulating the price up slightly?
I believe that it is them and any day they sell is a good day. 40k closer to the share performing in a level playing field.
Don’t think much to these 5G so called double taps , selling tiny chunks off again ana again day after day.
Surely they could find an institution like Herald that would by a larger chunk in one go?
If indeed it is the 5G FUND.
Yes, agree. I wouldn’t say I’m particularly good at it, but recycled some ITX into ENET going back a few months.
uhlf always good to take some profits. I've lost out in a big way in the past by not doing so.
Too true fairview.
I was in early and have taken good profits, so very happy with ITX overall. Sold the balance today.