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Hi TL I'm A UK based AIM investor with a substantial holding. We do exist and some of us can see long term potential. Sometimes the AIM throws up amazing opportunities for those with a longer term view. I came across this in early 2018 and built my large holding then at 18p up - not easy with such a small free float but I was scanning the micro caps and this stood out like a sore thumb. You've pretty much been with me all the way and have provided great insight which has endorsed my own initial analysis. Despite recent all time lows I don't think we've ever been better positioned. I've recently been adding and will continue to do so with small nibbles here and there.
Indeed.
The below extract from the RNS continues to endorse what we have all been saying, and why us LTHs are invested here.
"Traditional software-based access infrastructure cannot handle the required levels of throughput for such network designs, and ASIC-based CPE cannot provide sufficient agility, so companies are turning to FPGA-based solutions."
The share price is a joke. Total disconnect.
Alca
Would love to add more myself at these levels but funds are not quite ready yet. Maybe next week but by then I may have missed the boat. Have reduced my long term average which was 28p, slightly already.
Amazing tech, patented, in the sweet spot of the imminent and burgeoning 5G mass market rollout (China first), in Q4 trials with several major Chinese telcos, directors aligned with HUGE amount of skin in the game and a strong desire to keep dilution to a minimum. Not to mention a track record of successfully building and selling tech companies in the hundreds of millions bucks, and cash flow positive predicted for H2 2021.
Easily my largest holding by far and keeping the faith here as always...
Alca
Fantastic summary as always TL.
It's hard to see how this can't happen for Ethernity now. We should get interim results in just over a month but I'll be looking for big news in Q4 regarding the testing with the large Chinese cos. I'll be picking up more if it stays so low over the coming weeks.
Keeping the faith here as always. First of hopefully a few bargain basement top ups for me today - below the placing price so rude not to. Hoping to eventually work my way back to my original percentage pre-dilution.
Many weeks ago on this board I penned a mountaineering analogy that it felt like we had been trekking through the cloudy foothills for ages but that finally base camp was in sight and the summit looming tantalizingly close at last. I take today's Everest 5G news as a sign we will make it!
Subvert hope that I am right. Have a great weekend all.
Alca
Just too crazily cheap for what they have. I had pledged to myself not to buy any more being fully loaded, but I have decided that once the placing shares are admitted I will look to add over time to maintain my percentage.
Never thought we'd see them this low ever. I will take advantage of the opportunity presented. Just need to free up funds from elsewhere....
Regarding cash burn rate and hence the runway to a cash flow positive state next year, did anyone else pick up on this in yesterday's RNS ?
"Furthermore, in order to enable a mechanism to benefit cash conservation and alignment of interests, the Company intends to explore the possibility, subject to legal and/or tax considerations, of offering Directors and employees the option of settling remuneration and/or fees due to them in all or part through the issuance of new Ordinary Shares or options. The Company will provide an update on these measures in due course."