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** Co said it would sell its Canadian operations to Amsterdam-based Dutch investment firm Convent Capital for an enterprise value of up to C$107.5 mln ($80.19 mln) as it looks to simplify its business

** Co says deal is subject to change of control approvals from relevant municipalities in Canada and is expected to take place before the end of September 2019

Great stuff .. not often you get to see one of your largest holdings smash through 50% gain in one day. There have been a few dark days here but I'm more convinced than ever we're onto a massive winner with this one. I'm going to have a beer tonight even though Monday is usually a dry day.

It's just been sent out on Business Wire - let's hope that gets it in front of a few more people.

http://www.digitaljournal.com/pr/4346524

Talk about a "soft launch" of news! That should be screamed from the rooftops..

"The resulting product will be promoted to FiberHome’s core Chinese telecom operator clients, including China Unicom, China Telecom, and others that serve tens of millions of households."

Prennie yes it's quite probable that there have been no open periods during which they could buy. I always like to see the CFO invested in a company though but it's always reassuring to have David with such a major slice of the company.

Amazing how rapidly this jumped this morning, wonder what it'll do when/if they release the details of these contracts..

Nice movement already this morning. There's even a bit of Twitter discussion on the ENET hashtag which I've not seen before!

Surprised Eugene, Barak and Mark R don't hold though.. would be nice to see them purchase some shares maybe!

Lol. How about "maybe it's ethernity.." to the tune of the maybelline ad..

The interviewer suggested contracts in the region of a million quid and David couldn't hide that he'd pretty much guessed the amount. If they are on the verge of signing two contracts for that kind of money, probably with ongoing royalties/revenues, then I'd agree that over a quid SP is possible this year.

"We are in talks with other tech investors" -- good luck to anyone trying to build a stake in here.. although I guess they might be able to take the old City Fin holding should it be available.

Nice. At least it wasn't him on his phone in a stairwell this time!

13th August. I'll be there, as I was last year. Good chance to chat with David and the team.

In terms of SP, you can buy at 29.55 but there's not loads there (20k) which seems to confirm the seller has moved off.

Good to see the last buy paying close to the 30p ask. Seems like that seller that was lodged at 26 for ages has retreated for now.

Yes the market is quite rightly in 'prove it' mode .. my screen is showing up 7.8% though so I'll take that for starters. Having read the statements a couple of times today, I feel there are sufficient hints that much is going on behind the scenes and it's just a case of waiting for the news to drop. Ultimately, this company is on the verge of signing some lumpy contracts with Tier 1 OEMs and I'm more than happy to wait a few months to see it materialise. "Mass deployment" are words I like to read in a company that I'm invested in!

I've been here (unfortunately) since the IPO, adding all the way down to 18p .. so I'll be here until at least 2020!

Yep, it's a long term hold.. Tracylied I think your price targets will need to be adjusted, I don't think we'll be at 3 quid in November!

Yes that was the paragraph I was drawn to also..let's hope it's the earlier part of H2 to provide real momentum. I think with the amount of cash still on hand the market might react quite well to this as there is clearly progress being made. A valuation only marginally above cash is out of whack in my opinion.

No new contracts signed but still plenty of cash and from the sounds of it they are going to sign contracts with more tier 1 OEMs in H2. Positive sounding statements from the co..

You may have timed that very nicely dasacco .. check out their latest tweet (referencing a link from the Xilinx website):

https://twitter.com/EthernityN/status/1138422877072633856

"Ethernity also views cloud radio access network (CRAN) as a technology area where the two companies can collaborate around their respective intellectual property to deliver advanced solutions."

Yes I think the most likely odds are on that fund that took over the assets of City Financial.

Good to see it is being chipped away at though - another 50k shares bought today.