Member Info for ExMS

Maybe DL is raising funds so he can take the company private 🤣🤣🤣

Mason

The only reason the company is not in administration is that the company has always been able to raise money via placement. It’s not up to the nomad to decide whether that placement will or won’t be successful.

The placement money will be used to allow the firm to exist until the next EGM where more headroom will be required. Administration will happen only when the company can no longer raise money. The market decides this, the nomad just gets paid

Skid

Indeed there are some gems. How it is allowed is absolutely beyond me. It seems that as long as a company leaves even the slightest ambiguity regarding forward-looking statements and ongoing customer discussions then they can say anything they like.

I know you have met DL personally and I trust your judgement in that regard. A proven liar.

When you invsest in a company you should look at the product and the CEO. And that is why ENET is completely un-investable .

I’d love there to be some sort of sanction on DL but actually but sadly that’s never going to happen

A little DL gem from the past…

As indicated above, 2024 has been a challenging year in the telecom industry and it has affected the Company's customers. However, management sees a positive transition during the second half of 2024 and anticipates further revenue growth in royalties, licensing, NRE and hardware components sales, both from existing customers and from new customers for our IP and UEP FPGA based solutions. Together with the above detailed transformative ASIC business operation, we anticipate a bright future for the Company.

😳

Just 2 1/2 years ago Ethernity announced they had cut monthly running costs from a staggering $660k per MONTH to $300k.

Now the market cap is less than that!!

DL what a legend

Micro

Revs to mkt cap? 🤣🤣🤣🤣🤣

Alans55

Haven’t you had enough of having your Alans being pulled down?

But bust by July 🤣🤣🤣

Mason

What sort of analyst uses a market cap to revenue metric?

Ethernity lose money every day, every month and every year. This year is no exception.

In fact this year DL said himself that with the £600k of warrant money then they would have had enough money to last “towards” the end of 2026.

They no longer have that money. They will run out of money by end of July at the absolute latest.

Here come the rampers, 15 bn placement to follow.

60% further dilution at these levels to raise £100k.

The plug should be pulled immediately but the Nomad is till getting paid and the authorities are toothless.

They can only raise £100k. The Nomad gets paid whatever so what do they care? That’s less than 1 months runway. Last attempted raise before the final curtain….

Mason

May I suggest that you read all previous “research” from Allenby on Ethernity?

They are saying nothing that wasn’t already publicly stated in the RNS.

They have to comment as they are broker and NOMAD and they are attempting to raise funds.

Mason

Here is the article, please highlight the positives…

Ethernity Networks Ltd* (ENET.L, 0.0012p/£0.12m)

Update: Cost reduction measures (05.05.26)

• CEO and the VP of R&D will reduce their involvement to c. 20% of their full time commitment, starting mid-

May. The measure will ensure a significant reduction in operating costs whilst ensuring senior management

continues to support existing customers, working on key business development initiatives and preserving

core R&D capabilities.

• The cash flow plan for FY26 was based on revenue from customers and the exercise of outstanding warrants.

However, as the exercise of warrants did not materialise, the cost reduction measures were needed.

• Ethernity is now targeting FY26 revenue of $1.6m to $1.8m (previously: $1.7m to $2m), based on existing

customer engagements, principally the ongoing engagement with its Tier-1 US defence and aerospace

customer. Additionally, the Company has several ongoing commercial opportunities, including ASIC licensing

activities and potential engagements with existing customers.

Allenby Capital comment: The cost reduction measures should enable Ethernity to continue to serve existing customers

whilst selectively pursuing new opportunities, including a potential ASIC licensing agreem

Nvidia?🤣🤣🤣

They CAN use the 15bn headroom for a placing, it’s as simple as that. They are NOT ring-fenced because of the wording in the RNS. They could have ring-fenced them but they specifically did not and told you so and the reason why. What do you not understand?

Whether they choose to dilute by an additional 15 bn shares (60% of the issued share cap) to raise little over £100k is debatable. Although the company has form and did raise as little as £80k in a previous end of year placement just to keep the lights on.

It actually doesn’t matter. It’s over. But you just won’t allow yourself to see it.

Edwards didn’t want this stock. He would have been asked to participate and would have been stopped-out/protected by a mm/broker at the issue price. Once you have a perceived in investor taking a stake it’s much easier to get PIs involved to take the overhang.

You and the other PIs have been played.

If JP Morgan want to take a stake they buy in the mkt.

But no strategic investors at this level unfortunately.

And no sign of DL bailing the company out. In fact he’s just bailing out.

He’s peeved that his salary that was paid in shares has been decimated by 70%!