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From the Ethernity website profile of David Levi
"David Levi – CEO
Over 25 years in the telecom industry, with vast technical and business experience in different networking technologies and protocols, Ethernet and PON. Prior to Ethernity, David was the founder of Broadlight, a semiconductor company that developed BPON and GPON components and was acquired by Broadcom (BRCM) for $230M. Right before his employment at Broadlight in 2000, David invented GPON protocol with two US patents registered in his name. Prior to this, David worked as Director of Product Marketing at ECI Telecom in Broadband Access division. Before that he was Senior Product Line Manager at RAD, responsible for a $50M product line sales. He was also a product manager at Tadiran Communication, a sales manager at Dynamode Ltd, and served as a systems engineer and project manager in the IDF"
Morning TL
That’s exactly my take and my stance here.
Although the radio silence is lengthy and deafening, it’s a) better than bad news and b) *maybe* indicative of sensitive discussions/activity going on behind the scenes
Who knows ?!
The news letter seems to just be a cobbling together of previously published blogs and technical articles.
Don't think we've ever gone this long (since Sep 6) without any meaningful company update or news. I feel confident that everything is ticking over nicely in the background and the company is poised to take full advantage of the big shift to the edge starting this year and next.
Must be due something soon though surely - hopefully they'll throw is a bone in January.
Wonder what the catalyst news wise will be in 2020 to propel the share price forwards again, and when we will get it ? Maybe it will be closure of the promised US deal being announced. Or maybe other news/updates around the time of the interims.
It's certainly a very exciting market to be at the forefront of, and even better that it's currently little understood by the mainstream market.
Little Ethernity despite being often mentioned alongside the big boys are very much under the radar and seem to have great products that one would expect/assume to be very much in demand.
The directors are well invested and have a good track record of realising value so let's hope they can do it again here - hoping for a share price in the pounds by sometime in 2021.
Sitting here patiently waiting until then.
Just small trades.
I made my investment here a long while back and haven't parted with a single share, nor do I intend to for a long while if this plays out as hoped.
If/when that US contract drops with numbers attached we should finally be away at the races.
Be great to see the IPO price reached and surpassed in 2019
Link below for those that haven't seen today's news from the Ethernity web site. https://www.ethernitynet.com/news/fiberhome-selects-ethernity-networks-ace-nic100-to-power-new-fitbng/
Last time we last saw a block of 100k offloaded was back at the end of March I think. Could be that new fund that took on assets from the distressed fund back around March time ? Maybe they have no interest in this stock and want to unload ? One of myriad possibilities....