Member Info for flava

I can't see anything negative about the latest news. I'm adding more and holding for gold. We're getting started now, and plenty of news is inbound. Everyone knows how fast this move can be on good news! 4-5p on next news.

Good news! The new director's appointment is key for this company to bounce back and steer it in the right direction toward profitability.

3p incoming..........

4p next breaking point.......happy to hold for gold!

MMs manage to get some cheap shares...just hold for gold!

Novicehunter, GST is listed in the Main market :)

JiffyBag, Too many trolls here today after missing the early doors.

I'm going say 3p by close of play today or gap up Monday morning. GLA

Give it some time. We're in oversold territory now, and retail investors will be back here piling in. Next week should be very interesting here. 4-5p! Expect multiple positive news stories from now on.

BTC 37,109 USD

It's funny how trolls still don't understand that "end of play today" means "lol at 4:30pm.

2p+ incoming once the rainbow chasers have back-filled their boots before the weekend!

3p incoming............

I hope I don't come across as a ramper!

BUT this is going to be over 2 pence by close of play today - If not I will be EXTREMELY surprised!!

Buys increasing for 3p re-test very soon..

This major contract win will impact the Company's future success. It is the first step in the Company's recovery from the brink of collapse.

The Company is now poised to turn the page and begin a new chapter of growth. I believe that the Company's fundamentals are strong going forward, and that shareholders will be rewarded.

Ethernity Networks has signed an extended license contract with a Tier 1 US-based military aerospace customer for its ENET flow processor intellectual property (IP).

⭐The contract is valued at $475,000 and is expected to be fulfilled in Q4 2023.

⭐The Customer has been using Ethernity's silicon-tuned software since 2019 on a specific platform, and the extended license will allow the Customer to use the ENET flow processor IP on other platforms.

⭐The total license fees with the Customer now amount to $1.19 million.

⭐Ethernity expects further revenue from the Customer in 2024 through support of the utilization of the license on multiple platforms and systems, and by applying to different platform configurations and functionality.

What does this mean for Ethernity Networks?

This contract win is a significant development for Ethernity Networks, as it demonstrates the value of its ENET flow processor IP to Tier 1 military aerospace customers. The extended license also provides Ethernity with the opportunity to generate further revenue from the Customer in the future.

In addition, the fact that the Customer is using Ethernity's IP on multiple platforms suggests that Ethernity is well-positioned to penetrate into other markets and applications. This could lead to further growth for the Company in the coming years.

Overall, this contract win is a positive development for Ethernity Networks and could have a significant impact on the Company's future growth.

Raises much-needed cash: The company has outstanding debt of USD600,000 owed to 5G Innovation Leaders Fund, and this share issue will help to repay that debt and provide additional working capital.

Strengthens relationship with 5G Innovation Leaders Fund: 5G Innovation Leaders Fund is a strategic investor in Ethernity Networks, and this share issue will further strengthen the relationship between the two companies.

Provides flexibility for future growth: The company is seeking shareholder approval for authority to issue another 61.5 million shares in due course. This will give the company the flexibility to raise additional capital in the future if needed to support its growth plans.

Overall, the share issue is a positive development for Ethernity Networks. It will help to reduce the company's debt, strengthen its relationship with a strategic investor, and provide flexibility for future growth.

I have added 10k under 1.70p thanks to MMs stop raid. time to just sit back and relax. 2p incoming very soon. GLA

Has anyone seen the L2? 👇👇

https://x.com/ProfitPunditAIM/status/1722894527151722730?s=20

I will be suprised if we don't close blue today, RNS is good as it gets and all the issue have been soloved and by Xmas 20-50p place your bets now.