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How did this share price drop from highs so quickly! watch it soar rapidly. I think the BODs is behind the fall in share prices to enable someone to grab cheap shares before the upcoming news.

It's certainly an interesting take on the situation!

Let's hit 0.20p first

Thank you for admitting your mistake, Petro. Your apology is appreciated.

Who Dares Wins!

Latino - I dislike short sellers, so I bought 10k just to burn them right off! Feel sorry for the long-term holders here.

Nearly £13k worth of buys in last 30 minutes.

ZagEgypt, I think 1.50p+ is where this SP needs to be right now. We have TSP court case maybe next week. GLA

01234, You need to go to Specsavers lol

6.25p on 5th of May 2023.

New high is from last year 4.5p, not 60p.

However, 60p could be in a couple of years..

Laura, every sale needs a buyer, so it's 100% correct that someone bought the bulk in one go.

Now, this will soar to new highs before the temporary suspension order is lifted by the court next week, as all parties are now in agreement.

Looking very strong here.

Cellular Goods (LSE: CBX), a UK-based company pioneering the use of lab-based and biosynthetic production methods for wellness and sustainability solutions, announces that Michael Edwards (Executive Director of Cellular Goods) has purchased a total of 1,400,000 ordinary shares in the Company ("Ordinary Shares"), the details of which are set out in the notification below. Following this purchase, Michael Edwards holds a total of 9,400,000 Ordinary Shares, representing 1.56 per cent of the Company's issued share capital.

More like #ARB and #QBT profits moving here. 🤣

Thepipersson, Did you have a chance to learn more about the company before sharing your post?

Ethernity Networks stands poised for a powerful 2024, fueled by a robust financial foundation and promising growth drivers.

✔️ Solid financial footing: We boast a substantial cash position of $2.1 million and manageable current liabilities of $1.6 million.

✔️ Hidden potential: Beyond this, $2.3 million in untapped current assets await conversion, including $800,000 in inventory and $1.5 million in recoverable receivables.

✔️ High-margin catalyst: Each $2 million Tarana order delivers a lucrative $1.4 million in gross margin, covering nearly five months of overhead. Multiple wins are anticipated throughout the year, significantly boosting profitability.

Recurring revenue engine: Our consistent flow processor licensing generates $500,000 annually, adding predictable income to the mix.

✔️ Untapped potential: Every new contract win unlocks further growth, propelling significant momentum and market expansion in the year ahead.

Ethernity Networks is no longer just on the move, we're accelerating.

Ethernity Networks stands poised for a powerful 2024, fueled by a robust financial foundation and promising growth drivers.

✔️ Solid financial footing: We boast a substantial cash position of $2.1 million and manageable current liabilities of $1.6 million.

✔️ Hidden potential: Beyond this, $2.3 million in untapped current assets await conversion, including $800,000 in inventory and $1.5 million in recoverable receivables.

✔️ High-margin catalyst: Each $2 million Tarana order delivers a lucrative $1.4 million in gross margin, covering nearly five months of overhead. Multiple wins are anticipated throughout the year, significantly boosting profitability.

Recurring revenue engine: Our consistent flow processor licensing generates $500,000 annually, adding predictable income to the mix.

✔️ Untapped potential: Every new contract win unlocks further growth, propelling significant momentum and market expansion in the year ahead.

Ethernity Networks is no longer just on the move, we're accelerating.

This was 50p 2 years ago and 10p level at the start of 2023..

4.7p paid couple of months ago!

What price should we be this month and at the end of the year?

Ethernity Networks is a company with a strong track record of innovation and a bright future, with a revenue of US$3.8m and a gross margin of 68% in 2023.

Key Achievements

✅The Company has made significant progress in developing and commercializing its Universal Edge Platform ("UEP") fibre access offering and 5G Open RAN data plane offload solutions.

✅The Company has strengthened its balance sheet through the completion of a NIS 1,000,000 short term loan from David Levi, CEO of Ethernity.

✅The Company has reduced its monthly operating expenses by over 50%.

✅ Revenue is expected to be between US$3.6m and US$3.8m, up from US$2.97m in 2022.

✅ Underlying gross profit is expected to be between US$2.4m and US$2.6m, representing an underlying gross margin of 67%-68%, up from 54% in 2022.

✅ EBITDA loss is expected to be not more than US$3.8m, compared to an EBITDA loss of US$6.4m in 2022.

✅ Monthly operating expenses have been reduced from US$660k in June 2023 to US$300k in December 2023.

✅ The Company's current cash balance is c. US$954k.

✅ The Company is considering options to raise additional funding to strengthen its balance sheet.

✅ The Company's strategic focus for 2024 will be on enhancing sales of its Universal Edge Platform ("UEP") fibre access offering, including the low power remote OLT and optical interworking units, as well as its 5G Open RAN data plane offload solutions.

✅ The Company's UEP employs the ENET Flow Processor firmware with best-in-class Carrier Ethernet Switch technology that, to date, has been deployed in more than 950,000 different systems.

✅ The global market for Carrier Ethernet Access devices was estimated to be valued at US$17.2 billion in 2022[1] and several OEMs are currently evaluating the Company's UEP.

✅ An updated version of the Ethernity's corporate presentation, providing further background to the Company's target markets and solutions in these markets, will shortly be available on the Company's website, www.ethernitynet.com/investors.

ZagEgypt, This settlement proposal signifies a potential resolution to Ethernity Networks' financial difficulties and could pave the way for the company to move forward without the burden of debt.

This was trading around 3p couple of weeks ago without this significant news! DYOR

SP should be above 2p after today's news!

Long Term holders paid 17p, it's time for investors getting rewarded.