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Flava,
The ones in the know, can see the co “short term cash” strategy is at play, for the past 4-5 weeks.
Every stage, when a rns is dropped, it was as expected, timing reveals that. Another rns is likely imo.
Levey and 5g want this over and done with ASAP, there is no love love lost between levi and 5g. Both in a hurry. Suits everybody. What is factual, is the company is strides forward compared to cash and status just 6 weeks ago in sept-october,
next rns will be unexpected ;)
Next intraday can change everything, Levi has done this 4-5 times now.
Remember 6p-7p warrants = £1.5m capital -
Allows ENET the option to pay off 5g
WARRANTS @7p If investors took this to 7p and kept above 7p+ and the sp remain there “ 5 consecutive days until Dec 7th” -Next Thursday. I
Levi throws a in a intraday RNS or two, before the GM dec 7th.
Job almost done in effect.
We have liquidity now, to take this further
All possible, question is what do we want?
Enet CEO David LEVI
Over 25 years in the telecom industry, with vast technical and business experience in different networking technologies and protocols, Ethernet and PON. Prior to Ethernity, David was the founder of Broadlight, a company that developed BPON and GPON components and was acquired by Broadcom (BRCM) for $230M. David made several GPON protocol related inventions and holds two US patents registered in his name. Prior to that, David worked at ECI Telecom, RAD, Tadiran Communications, and Dynamode.
Broadcom
Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. As of 2022, some 78 percent of Broadcom's revenue was coming from its semiconductor-based products and 22 percent from its infrastructure software products and services.
David is well connected and has deep pockets also.
The recent “8 week extension” Contract news tipped the wider new audience confirming further, that ENET is in bed with US tier Defence Aerospace tier1 contractor in a long term relationship. Raytheon and xyz.✈️ ENET went from 1.5p to 4.5p on news confirmation. This ends Dec-23. New huge contract is due to be announced, difference is “ annual” deployment of US TIER DEFENCE CONTRCT renewal is expected.
FURTHER “New annual deployment contracts” are coming, as per statements - TARANA.
GROWTH is expected to triple in 2024, maybe more as matters are now in resolve mode, as troubles are brushed off.
SALE - The option of a sale of the company is also on the table. Levi is always open for the right price, not been shy from this.
700% upside in a single session might be deemed way up there with a 6-0 kicking ...i.e.pretty rare ..lol
Another 100% + upside tomorrow is likely very welcome by many hungry enet holders, old veterans and new holders seeking some exciting tech exposure. Nothing stopping us breaking 7p = 250% ;)
We are in a fantastic position for the first time, after 19 months of DOWNSIDE. Now the UPSIDE RERATE begins, if 4p is broken tomorrow, fairplay to all investors, also in a hurry to get rerated also.
The resurrection of investor interest in the stock has helped consume any free float, and MM’s badly needed the stock, they were also likely privvy to the rns, and request from 5G. Let’s be honest City is corrupt as hell. Hence it was held between 2.1p -2.4p in the afternoon. I think another intraday rns tomorrow peeps. Levy is learning how to play the investor management role finally, never late than never. Let’s hope this is the begining of a more savier CEO, who sees the bigger picture again, night are 18months, 56p thrown away..
There are too many buyers now, not our problem to resolve.
Another positive rns will pop up on contract after this
At exactly at 113m volume which was roughly the float left...LOL
This will shoot back up now, stock was very hard to buy.
ENET Needs liquidity here now. So many more investors and followers now here.
Healthy trading. BOOM BOOM LET’s go...
Still time for 351% record...
Into the Final 70minutes
3p will be near broken, in a far better place than one month ago.
Grooving forward, and some hard lessons learn’t.
Many here were never in any doubt of a positive outcome. We will see 7-11p here next
Short memories:
The new 8 week extension Contract news tipped the wider new audience confirming further, that ENET is in bed with US tier Defence Aerospace tier1 contractor in a long term relationship. Raytheon and xyz.✈️ ENET went from 1.5p to 4.5p on news confirmation.
What is next
“New annual deployment contracts” are coming as per statements.
Enet Growth is expected to triple in 2024, maybe more as matters are now in resolve mode, and the stock is also rising back. The option of a sale of the company is also on the table. Levi is always open for the right price, not been shy from this.
Final 2 hours are always fun here on ENET on a wednesday > 350% rise was previous record;)
Remember the holdback to many new contracts, was the companies future, which was understandly in doubt for some customers, from back in MAY, and the sp fell further, and even well bfore this in feb 2022, the sp fell from 57p due to subscription notice.
Now this is a new chapter, and with some certainty, our US -unamed (✈️🚀) Defence aerospace $10bn+ revenue client in the US, WILL sign a new contract for 2024, and an annual contract.
The US contractor and ENET are old reliable friends, a new annual contract will be coming along with Tarana next, bigger than previous orders. Company maker yes.
Once the last few sales are out of the way, this will kick off again for next leg up this morning.
Just by scoping the wider market right now, this is still my choice of the day. Add on any dips and build, watch the turn to positive later this morning.
Plenty to come here.