RE: 0.10p SP = mcap only £5m | Shark Levi, sold Broadlight US$230M6 Jun 2025 10:05
Newsflash the majority of AIM stocks get by from raising equity, but that doesn't stop them rising considerably.
Some rise 1000-2000% before they raise and ENET from here is one of those candidated from a £1m cap and with revenues and more contracts to come.
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.