RE: 0.10p SP = mcap only £5m | Shark Levi, sold Broadlight US$230M9 Jun 2025 07:14
Factoring in the below, I am not surprised the big money is now coming in.
Resolving Ethernity's status as a company that operates under a creditor settlement arrangement is a critical step towards strengthening the Company's financial position, restoring supplier and partner confidence, and improving overall operational flexibility.
Clearing this issue will not only enhance the Company's credibility in the market but also position it more favorably for strategic growth initiatives, including the ASIC development and long-term partnerships as detailed in the 2024 Trading Update.
Additionally, the ASIC plan - now expanded to include support for Passive Optical Network ("PON") functionality - will further strengthen the Company's ability to re-engage with OEMs that previously evaluated our FPGA-based UEP solutions. With the availability of the ASIC, these OEMs would be able to access groundbreaking, high-performance appliances, significantly enhancing their own market offerings.
Clearing the debt was a key aspect needed to get the contracts rolling in
Is LEVI going to sell up the business?
READ BELOW
https://www.lightwaveonline.com/fttx/pon-systems/contact/14188104/david-levi
David Levi is the CEO and founder of Ethernity Networks. Prior to Ethernity, David was granted two U.S. patents regarding GPON protocol-related inventions. He founded Broadlight, which created BPON and GPON components and was acquired by Broadcom for $230 million.
If Shark Levi sold ENET for 1/10th of Broadlight that's $23M as a share price that's around 0.325p or a 1200% rise from here.
Remember that's being conservative at 1/10th of his previous record.
Even if he sold ENET for 1/20th for Broadlight, remember this is a company that's now debt free with tier 1 vendors cutting deals then it's 0.1625p or a healthy 600% return.
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