Member Info for dallo

Without recourse to the markets, I should say.

The FDA Type C meeting is set for next Wednesday 7th June.

There could be some slippage as Tim Mc C indicated but this is another defining moment for Immupharma.

If they get a positive result next week we could see some upward momentum in the SP .

This FDA decision could open up the possibility of a Rest of the World deal on Lupuzor and may result in the warrants being exercised giving Immupharma additional funding with recourse to the market which on AIM , at the moment, is dire.

A negative FDA decision would be disastrous and effectively slam the door shut on any further funding imho

So as on so many occasions in the past 8 years , investors now hold their breath and hope for the best.

A positive FDA decision could the SP move to circa 6-8p where it may stabilise pending further follow on announcements.

Just my thoughts and pure speculation on my part.

ATB

JT

The PHLX Semiconductor index in the US reached its highest close since April 2022 with major Semiconductor giants like Nvidia( up over 100% ) and AMD ( up 65%) since the start of the year on AI and 5G forecast spending of hundreds of billions of $ on the next 5 years.

Ethernity is a Semiconductor minnow at all time share price lows.

Maybe just maybe they can join this red hot investment party but they need to show major deal flow in the coming months .

I have seen these situations before and if they can grab investors attention in this new investment craze

a major rerating could occur or a predator may pounce

First we need management to give us significant good news not continual negative RNS .

Ethernity is now in an exciting industry space and hopefully they can prosper greatly but we need evidence.

I don't think all is lost here even at these horrible share price levels

We shall see what management is made of in the coming months.

ATB

LWHL

If I am to be somewhat charitable ( difficult I know at this moment), Ethernity faced massive misfortune in the past 3 years notably the severe lockdowns in Israel and many of its major markets , the invasion of Ukraine , the collapse of technology companies on the world's Stock Markets, the vital chip shortages, the collapse in 5G investment and consequent drain on its financial resources not to mention the Hamas rockets landing in the town of lot ,its previous HQ.

Still they persevered with its R&D and switched its IP to wireless broadband and fibre to room markets, attended conferences and secured some large contracts .

The markets they now compete in are buoyant and growing with billions of dollars being invested in 5G/AI

and the US Government chucking billions into wireless broadband in rural US and the the world's Semiconductor industries expected to grow massively as the move away from Taiwan accelerates.

However poor little Ethernity is beaten down as finally the golden scenarios unfold and is trying to stay alive.

I still think it's IP, R&D , Patents , large tax looses forward together with existing contracts with Tarana and the Asian OEM have value in excess of its pathetic Market Cap of £3/4m.

It needs a bigger industry shareholder/ strategic partner to drive the business to its potential.

Whether it is too late you never know but stranger things have happened.

Obviously at 3p the market remains extremely sceptical but we will wait and see.

ATB

JT

Yes indeed..pure futile semantics.

If the placing goes through without a hitch and Ethernity can stabilise the business and fulfil its contracts , then it may be attractive to a possible larger Semiconductor company.

All big ifs but that's all we have left to cling on to.

As someone who believed in the management for so long and received numerous blows from RNS after RNS in the past 18 months, an announcement of some positive news would probably give me a heart attack from shock.

No use commentating again until we see how it all unfolds starting with the confirmation of the placing being successful tomorrow.

ATB

Replace when with why...phone a bit iffy today like

it's owner.

JT

When I said manufactured investment by the 2 "PON engineers" why mention they were PON engineers, when didn't they buy in the open market for 2.8p , even if they used own funds without "loan" support when did the company RNS such a paltry amounts and in the next sentence admit no-one subscribed for the Broker option.

This just looks like manufactured window dressing and not particularly clever at that.

JTallow

Fully agree.

After the January placing I, and a number of other investors, called on management to conduct a Strategic Review as Napatech did.

It was clear then that Ethernity needed a strong Industry partner who would take a large stake in the company and drive the business forward , strengthen the marketing team and get rid of Bergen.

Levi obviously thought he could go it alone without dilution of his shareholding.

This folly of bad management and ego has led to a company worth buttons with no investment community confidence and a Balance Sheet of a small corner shop not to mention over £30 m of accumulated losses.

Our only hope is that a larger company such as Aviat may see value in Ethernity and buy it out.

However it will not be at a price to prevent massive losses for longterm investors but at least we will not have to endure another year of misrepresentation, false and misleading promises and gross incompetence of this pathetic management.

The derisory subscription by the Chairman of £2,500 and the manufactured investment by 2 " PON Engineers " of £16,500 each divulged in a RNS is beyond my comprehension.

I am obviously angry and feel stupid for believing in these Israelis for so long but that's life.

I suspect other longterm investors both private and Institutional feel the same way.

ATB

JTallow

Once you suffer a loss you experience denial , grief, rage and finally acceptance and healing.

As a Stoic I have now accepted my stupidity and will try to move on...there is no other path to follow .

These Israelis have a lot to answer for but we can do nothing but move on and see what our future holds.

ATB

J Tallow

I am not sure it is over yet.

If Ethernity had debt of £5/10 m it most certainly would be over.

I have a feeling an acquirer may be tempted at a lowball price and keep Levi and his team on and put some capital in to progress the business.

Sadly the buyout price is still going to mean we all lose our shirts but at least we may get out with something.

Clutching at straws perhaps but Levi has form in losing

a business before and it looks like he may accept any offer which keeps him in a job now that he is broke ( like me!)

Learning

The missus can only kill me once but revenge can take years!

The shocking day for all us longterm investors who believed in the management and the potential of the company.

All investor confidence is sadly now gone and I no longer believe in the competence , integrity and the pronouncements of this sorry management team .

The only hope now is some acquirer may see value in the tax losses , the patents , R&D and the existing contracts.

One of the great AIM failures ( and that's saying something) and another Israeli company to add to the many who have betrayed the trust of investors on the London Stock Exchange.

Truly a sad day for us all and I am feeling pretty sick and stupid but I will not forget these guys for the damage they have caused to so many trusting investors.

With Bergen yet to call its shares on the $2m it is possible they will do so soon and have a major controlling interest and put the company up for sale and hopefully get us poor buggers something.

Anyway life goes ..unless Mrs Dallo decides otherwise.

Sorry to everyone who stuck with Ethernity over the past 4 years

ATB

Obviously of the 25 recessions forecast and the 10 that actually materialised in the past 50 years I should say

Masco

Fair comments but the world of 5G has changed since 2021 and I have feared 25 recessions of the 10 or so forecast in my 70 years.

The sharks in the US and worldwide investment markets are actively seeking the small fish in the 5G/ AI ocean for devouring and even with cash constraints Ethernity may be a tasty morsel at the moment.

We shall see but we definitely need some good news.

Mascarosergi.

Many thanks for your kind sentiments.

The 5G technology market is expected to grow from $100b in 2022 to $330b by 2027 and $800b by 2030 according to Allied Market Research .

This growth is predicated on the massive transformation expected in hundreds of industries notably AI, telecommunications, automotive, pharmaceutical, education, food processing and farming , environmental and a host of others.

Ethernity has no more excuses as it's IP and patented tech was designed for 5G and the opportunity has now arrived.

If Ethernity and its management fail to grasp it then they are utterly incompetent which I don't believe they are.

At a market cap of just £6m there must be significant upside .

Well I would say that wouldn't I.

Time for action is now.

Fingers crossed

ATB

JT
A fair analysis of the current situation in Ethernity.
I have met the principals and concur with your views.
However Ethernity could finally be on the cusp of gaining traction in its 5G semi conductor technologies as investment in US Government in rural wireless broadband allied to huge growth worldwide in 5G and AI investment.
The chip supply shortage is over after the Chinese pandemic lockdowns and this could accelerate its contracts with the Chinese/ Asian OEM s.
When I talked about scrap valuation for Ethernity, I meant in the context of the company being bought out in a fire sale...I don't think this will happen.
However Ethernity may need a strategic Industry partner on board to drive growth in this white hot new 5G /AI Revolution and that is why I urged management to review all options similar to Napatech
who conducted a Strategic Review recently.
Ethernity has significant technologies and relevant patents to grasp the great opportunities but they need partners to drive the IP forward.
I think it is extremely undervalued but the market and investors are so far unaware because of the dreadful underperformce of the past 4 years.
Hopefully this will change soon.
Hope springs eternal !

JTallow
Fully agree that the delay in producing 2022 results is a concern as investors need to know the full extent of the cash position as at end of 2022 which was supplemented by the January placing .
More importantly we need a serious update on the performance of the Asian contract plus Tarana and other smaller ones.
Also we need to see new contracts materialise quickly to give much needed confidence to the market allied to a firm outlook for the year
Ethernity is at an existential moment and needs to deliver ASAP.
The sum of the parts in the event of a sale of the company is much higher than £6m with the value of the tax losses forward at c 10m ( c£35 × 33%) plus 6 US Patents , its technology and R&D, its existing contracts plus its team in Israel and its UK and US OTC stock exchange listings perhaps putting a scrap value of £ 15m plus imho
Time for serious developments from Levi and management as continued underachievement will not be tolerated by the shareholders for much longer.
I remain cautiously confident they will succeed.
Dyor

JTallow
100% agree with all you say .
If Ethernity fail to deliver this year on its forecast $9m revenues, no amount of PR is going to save it.
I clearly say that confidence in the company and its management can only be restored with real performance.
That's is why Ethernity is priced to fail as the markets don't believe Ethernity can deliver.
However assuming Ethernity is doing well , any enlightenment on its progress and its potential would be most welcome particularly by the long suffering investors of which I am one.
.

Finally according to a major report published by Marketsandmarkets in April 2023, the 5G Technology market worldwide is expected to grow from c$100billion in 2022 to c$350 billion by 2027.
Surely Ethernity can get even a small piece of this large pie ( or even a few crumbs!)

JTallow
I think you have missed the point of my argument insofar as Ethernity was established to provide innovative technologies to the 5G sector to provide higher capacities, lower latency and increased efficiencies at reduced costs to the OEM manufacturers and ultimately the consumers.
As we all know the 5G rollout was severely curtailed as few saw much incremental benefit in higher bandwidth and greater computational speeds.
Ethernity adapted its 5G tech to the wireless/ fibre broadband markets and secured a few large contracts.
However with the advent of AI the 5G technologies are critical to this revolutionary new innovation and consequently 5G has found its reason d'etre and worldwide investment in 5G is ramping up massively.
My point is simple..The Investment markets don't, by and large , know or care about Ethernity and even fewer know about its technology and its potential and its connection to 5G and the AI explosion in investment.
All I am asking is for management to get the message out to investors and give more clarity on its place in the current exciting tech environment.
Of course the most important objective is to meet its forecast revenues of c$9 m this year and restore confidence in both the management and the company.
The AIM market is pricing Ethernity as a failed company at present but with better investor understanding of where Ethernity's tech fits within the 5G/ AI landscape there is a possibility of a major rerating in line with similar companies on NASDAQ where a merger and acquisition gold rush is underway and increased investor interest driving share prices higher.
At a £6m market cap Ethernity is being ignored but better Investor Relations could change this very quickly.
ATB
DYOR

Skid
With the world's tech industries expected to invest over $350 billion in AI technologies via a mix of R&D, Mergers and Acquisitions and investment in start ups , in 2023/4 , up from $150 billion in 2021 there is now a
a " gold rush " developing from the investment community in companies with the technologies to drive 5G/ Cloud processors to facilitate the AI Revolution.
Ethernity has these very technologies and could be a major beneficiary of this unprecedented tech investment boom.
However Levi and his team MUST get the message out to the market that Ethernity could a very important player in all this and get the Investor Relations fired up
to be part of this gold rush .
It is the opportunity Levi and Baruch have been waiting for all their lives so let's see can they and Ethernity grasp it.
There are so few similar companies on the London Stock Exchange with all the action in the US.
They need to blow their horn very loudly imho and start soon
ATB
DYOR