Member Info for chase1

Its a NO from me too, 我之前也投了反對票，對不起，江西銅業有限公司，祝大家好運

gla

The process isn’t transparent. Management may benefit later, shareholders don’t. The timing makes it worse. We didn’t get the full picture — that’s why I’m voting NO.

“AI or no AI, emojis or no emojis — we’re talking about SOLG.L here. I’m just giving my view, and I’m voting NO. I’ll take whatever the long or very, very long‑term outcome brings, but JCC isn’t getting my shares for 28p.”

28p is too low. - JCC needs to increase their offer. Shareholders are not sheep. You don’t let yourself be bought out below your purchase price.

And honestly, if enough people like you vote NO, JCC will have no choice but to raise their bid.

Relax, I'm just sharing my thoughts. Let's talk about SolGold.

What does a large salary increase mean during an acquisition? A salary jump from $405,000 → $550,000 (about +35%) at a moment when: SolGold is under financial pressure, a takeover offer is on the Table, The BOD is cooperating with JCC …is not a coincidence. Moves like this usually happen in three situations: °) Retention bonus / keeping key personnel during an acquisition, buyers (like JCC) want certain executives to stay in order to: guide the transition, preserve knowledge about projects and permits, show stability to investors and government, a salary increase signals that this person is important for the deal. Interpretation: -> JCC and the BOD are preparing for a post‑acquisition structure. -> This strengthens the idea that the deal is already well advanced. °) Compensation for future loss of stock options during a takeover, it is common that: options are cancelled, bonuses are restructured, contracts are renegotiated, a salary increase can compensate a director for what they will lose once SolGold is absorbed. Interpretation: -> The BOD expects the acquisition to go through. -> They are already securing their own positions. °) A signal that the BOD is not in panic; if a company is truly in crisis, salaries are not increased. They are frozen or even reduced. A raise of this size means: the BOD feels comfortable, there is no immediate cash crisis, they expect stability through the JCC deal. Interpretation: -> This is not a panic-driven fire sale. -> It looks more like a controlled strategic exit.

What does this mean for you as a shareholder? It confirms that JCC and the BOD are working closely together. They are clearly aligned.

It confirms that the deal is likely to go through. You almost never see raises like this when a deal is uncertain. It confirms that the BOD is protecting itself. Not pretty, but very typical in takeovers. It does NOT mean SolGold is going bankrupt. On the contrary — raises like this show confidence in the future (with JCC). And what does this mean for your strategy (voting NO)? It actually strengthens your reasoning: JCC wants the deal - The BOD wants the deal - They are already preparing post‑deal structures. JCC has room to increase the offer. A raise to 3?–3?p is absolutely possible if enough shareholders vote NO.

Your NO vote is not irrational. It is a way to put pressure on a buyer who is already far along in the process. conclusion; This salary increase essentially says: “The deal is almost done, and the BOD is already taking care of itself.” And that means: -> JCC likely has room to raise the offer -> A NO vote can be effective -> You are not wrong to expect 3?p.

Me too got the same reply @ 16:29

Likewise, email sent. Sorry back to telework, thx

Friday’s 44% rise followed by today’s 23% drop just shows how extremely volatile this stock is at these levels. That’s not unusual for a microcap with low liquidity. What is worth noting is that someone still bought around £13,000 worth of shares at the close — that’s not a random retail punt. It doesn’t change the risks, and it doesn’t rewrite the financials, but it does show there is still interest on both sides of the trade. The narrative that “nobody wants this anymore” simply doesn’t match the actual market activity. The past is clear; the future isn’t predetermined.

Skid35, ExMS

No one is denying that the financial situation is weak — that’s obvious, and it carries real risk. My point is simply that risk is not the same as a guaranteed outcome. The numbers you’re quoting are facts; the conclusion that bankruptcy is “almost certain” is still just an interpretation. In this sector, customers evaluate technology, integration benefits, and the roadmap first — not just the cash balance on a specific date. That doesn’t mean everything is fine, but it does mean statements like “no company would ever work with them” are assumptions, not facts. I’m just trying to keep the discussion grounded in what we actually know, instead of deciding the ending before it happens. Acknowledging risk is not the same as pretending the future is already written.

So ExMS,

I see your point about the financials — nobody is denying that the balance sheet is weak and that this creates a significant risk. But it’s important to separate objective facts from subjective conclusions. It’s true that potential opportunities mean nothing if a company goes bankrupt. At the same time, it’s also not accurate to say that no company would ever engage with a tech supplier simply because their financial position is strained. In this industry, customers often evaluate the technology and the roadmap first, not just the current cash position. That doesn’t guarantee success, but it also doesn’t make new business automatically impossible. My intention isn’t to ignore the cash situation; it’s simply to look at what the RNS actually states and evaluate it on its own merits. Your interpretation — that bankruptcy is almost certain — is still a personal assessment, not a confirmed fact. I’m just trying to keep the discussion grounded in what we do know, rather than assuming an outcome before it happens.

I understand where your frustration comes from, and some of the points you raise are fair. But I think it’s important to separate factual observations from personal interpretations. Yes, past opportunities haven’t always materialised, and yes, legacy royalties are small. But the conclusions you draw from that are still subjective — none of us can say with certainty whether the current engagements will or won’t progress. A “potential” deal isn’t a guarantee, but it also isn’t automatically a 1% chance either. It’s simply an unknown until the company confirms something concrete. That’s why I prefer to focus on what’s actually stated in the RNS rather than assumptions about individuals. It keeps the discussion clearer and helps everyone evaluate the situation based on information rather than emotion. *) Below is a breakdown of what’s substantive in the comment, and what’s simply emotional noise. *) The one million units is over 10 years and only cents per royalty. => Valid point: If the 1M units were shipped over a decade, then the revenue impact today is indeed small. Many investors overestimate what “1 million units shipped” means financially. But the conclusion is exaggerated - Even if royalties are small, the OEM relationship itself still matters. It doesn’t automatically mean the opportunity will disappear. *) They haven’t sold these for more than 10 years. => Possibly true: Some of Ethernity’s legacy Carrier Ethernet IP is old technology. If the OEM hasn’t refreshed the product line, the revenue impact is limited. => But incomplete The RNS mentions a new FPGA‑based product proposal, which is new tech. So the statement ignores the forward‑looking part. *) You don’t understand what recurring revenue is. This is just an insult, not an argument. => The real issue Recurring revenue only exists when there is a signed contract with predictable volumes and ongoing shipments Right now, Ethernity has potential recurring revenue, not confirmed recurring revenue.

*) Potential means less than 1% chance. => Valid frustration Investors are tired of hearing “potential” from Ethernity without results => But the 1% number is made up. It’s an emotional estimate, not based on data. Some opportunities do progress — others don’t. The correct statement is: Potential is meaningless until it becomes a contract. *)Personal attacks on DL (“con artist”, “clown”, “collecting $20k/month) => Underlying concern

Investors are frustrated with management credibility. The company has a history of over‑promising. => But personal insults add no value

They don’t help anyone understand the business or the risks.

*) Long‑standing OEM customer (1 million units + new FPGA proposal) Potential impact - Positive: Shows Ethernity has real, deployed technology in volume. A new FPGA‑based product could bring recurring revenue. Market often sees this as proof of commercial viability. Possible share price reaction If confirmed with a contract or revenue: +20% to +80%. If it remain only a “proposal”: limited impact.

*) US Tier‑1 OEM (thousands of RoLT units + next‑gen platforms) Potential impact: Very positive if it becomes a formal contract. Tier‑1 means: large volumes, long product cycles, recurring revenue. Next‑generation platforms = multi‑year opportunity. Possible share price reaction, if new platforms are officially agreed: +50% to +200% - Without hard numbers: mostly sentiment, limited movement.

*) New US RoLT OEM (positive evaluation) - Potential impact; Moderately positive: Evaluations show interest but not revenue. Market reacts to pipeline growth, but cautiously. Possible share price reaction: If evaluation becomes a contract: +10% to +40% - For now: neutral to mildly positive.

*) New European RoLT OEM (commercial terms agreed), Potential impact - This is more significant than it appears: Commercial terms agreed = deal is close. Only internal approval pending. Possible share price reaction - If signed: +30% to +120% Until then: limited effect.

*) Potential PON ASIC partnership (major European semiconductor company) - Potential impact; High potential, highest uncertainty.

ASIC projects are large, multi‑year, and can be worth millions. Market reacts strongly to partnerships with major chipmakers. Possible share price reaction- At evaluation stage: small impact. If partnership is confirmed: +100% to +300% - If a purchase order or tape‑out is announced: Could fundamentally revalue the company.

Built on sand? We don’t need ground. We’re already flying above it +44%. 🚁🚁🚁🚁📈

Buying remains difficult with very few shares on offer. Hard to see who’s still selling at this point. Hopefully that earlier move marked the bottom.

Last 30 minutes now. ENET at 0.0075 with the ask at 0.008. Wouldn’t be surprised to see a final rally attempt.

“ENET at 0.0075 now — 50% up. Ask already at 0.008. Didn’t take long, did it?”

ENET pushing back up to #2 at 0.0072. With the bid firming at 0.007, a break through 0.0074 could easily take us into the 0.008s.

ENET slipped to #5, nothing unusual. US is already open — now we’ll see whether the OTC crowd wakes this up again

ENET smashing its way into the #2 spot on the risers list. The increased noise on here is definitely helping visibility. Let’s see where this goes. 📈