Member Info for icepick

Mon, 6th Dec 2021 09:51

RNS Number : 6604U
Ethernity Networks Ltd
06 December 2021

6 December 2021

ETHERNITY NETWORKS LTD.

("Ethernity" or the "Company")

Result of EGM

Ethernity (AIM: ENET), a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks, announces that all resolutions proposed at its Extraordinary General Meeting ("Meeting") held earlier today were duly passed.

Result of EGM

The resolution put to the Meeting was voted on by way of a poll. The results of the poll for the resolution was as follows:

Total votes cast 28,421,486

Thanks Dallo,
As always, you are a pleasure

This BB is so absent of relevant chat that it would not be too inappropriate to have a discussion on who wants to bagsy the captains quarters on the Mary Celeste.

However, i've got a feeling that they may be a little more to talk about next week.

GLA

another 31.5k top-up (that's it for now)
hopefully some more good news not too far away now
GLA

partial
managed to fill 15k of the 46.75k

have a good w/e all

ive placed a fill or kill for 46.75k

be interesting to see how many i get

GLA

good to hear from you Dallo

sorry to see things have yet again turned a little toxic.

also sorry to hear that some peeps have decided to cease posting.

i have never really contributed very much, but have been so grateful for the insight and knowledge of everyone over the last 6 months.

so for that i say thank you

take care

yep

i did post that as a possibility on monday evening

and i guess whatever they do, they will still want to avoid having to declare a notifiable holding (TR1), which could also be a limiting factor

sergi

looking forward to it already ;-)

The idea appears to be resonating, even with operators like the U.K.’s BT, which is investing heavily in fiber through its subsidiary Openreach.

Speaking at the event, BT’s Chief Architect Neil McRae revealed the operator is currently piloting Tarana’s technology with customers in the lab. He explained it just might be the right tool to fill in connectivity gaps left between fiber and 5G deployments.

“There’s a need for this. Having something where you’ve got a lot of reach to play with and still being able to offer what we call an ultrafast service…is hugely valuable,” he said. McRae added the economics of Tarana’s solution compared to, for instance, a 5G mmWave FWA product also makes it appealing.

“The mobile is great if you’re doing mobile stuff…But if you’re kind of attaching to something and just using it to haul bandwidth, just the way it’s designed is not efficient,” he explained. “Also, the whole mobile ecosystem is kind of a collection of different people’s IP, all of which is expensive.”

also worth noting that the big 4 UK network providers, Bt, EE, O2, & Vodaphone are rolling-out a joint project 'The Shared Rural Network' (SRN) to increase 4G coverage to rural areas.

Through its work, the SRN will increase the parts of the UK that get a mobile service from all operators from 66% to 84%

The programme will make 4G mobile broadband available to 95% of the UK.
The operators expect this will extend mobile coverage to an additional 280,000 premises and for people in cars on an additional 16,000km of the UK’s roads, boosting productivity and investment in rural areas.

if we are in the right place at the right time Tarana/Ethernity could play a big part in any progression taking the rural 4G coverage and making it 5G access

https://www.mobileuk.org/shared-rural-network

may be a slow burner but all good stuff

gla, dyor

Just for info:
Bang up-to-date figures for BT customer base are hard to find however its worth noting that BT, also own EE and Plusnet :-
9.3 M BT Broadband
7.5 M EE Mobile (2018)
1.5 M PlusNet Mobile

By comparison to other countries, yes a small market, however, with LSE AIM being UK based, I think any official news on a Tarana BT contract could give a further significant lift to the SP

exciting times for sure and still under the radar for most

GLA

Have a good W/E all

Thanks OAP
on first read of the RNS i concentrated on the implications of the accelerator clause (as it was a first for me) and failed to digest the 'any time' that preceded it.

my mistake, and thanks again for the clarification

circa 70p+ makes sense ...

but sorry @ 52p makes no sense to me

OAP

I wouldn't have thought so ..yet,

the trigger for exercising the 60p warrants is 80p which is in effect nearly a 60% increase from a current sell price of 50p

where as exercising the 60p warrants would equate to a 25% discount of an 80p SP

so surely it would be more financially beneficial to hold for the rise to circa 80p before selling shares to pay for the warrant?

UT @ 53p

GLA

a quick update from Buzz :-

'To Ethernity and beyond'

GLA