Member Info for Laura2022

He is a Certified Public Accountant with a B.B. in Business Administration, Accounting, and Finance and his expertise spans business strategy, M&A, IPOs, listed companies, fundraisings, investor relations, global operations and business development. Tomer's insights will provide the Company with invaluable guidance, enabling Ethernity to effectively navigate complex financial landscapes, and the Board is confident that his expertise will contribute significantly to the Company's future growth.

It's all laid out in the placing RNS of 9th Sept where the CEO took more

+ they've got $400k+ due as highlighted in 10tj Sept

From the same 9th Sept rns

David Levi, CEO, commented: "Over the past several months we have been engaged in discussions with two Tier-1 wireless backhaul equipment vendors. Both vendors have prior experience with Ethernity's technology, and one has been successfully testing our UEP solution for the past nine months. They have indicated that devices from Ethernity's competitors do not meet their need and, therefore, they have expressed interest in building a next-generation solution based on Ethernity's offering. These solutions would cover several use cases in their domain, enabling them to gain market share while also improving their respective gross margins. Consequently, we believe that Ethernity is strategically positioned to capitalise on its UEP technology."

 

Business update

In 2024 to date, Ethernity has made positive commercial progress and is currently executing multiple customer projects, whilst simultaneously engaging in active discussions with prominent global OEM potential customers.

Over the past several months, the Company has been engaged in discussions with two Tier-1 wireless backhaul solutions providers. They both have prior experience with the Company's technology, and one has been successfully testing Ethernity's solution for the past nine months. Whilst no contracts have been entered into to date, these vendors have expressed an interest in Ethernity's technology and solution, as they believe that it would enable them to gain market share while also improving their gross margins.

They had about 30mln left to sell (9%) and there has been 30mln in round sells since the last tr1 from them

It feels like now they're funded, have 40% of the $1mln contract due (see 10th Sept) plus a view that the New Life were done to their last sells and done selling

The Company has received interest from two Global Tier-1 OEMs to co-fund and adopt an ASIC solution from Ethernity. Should they choose to proceed this could lead to a significant increase in NRE payments to the Company in 2025-2026. Management believes that there is an addressable market that could enable the Company to achieve significant revenue growth over the coming years and aspire for the Company to reach annual revenues exceeding $35 million in five years.

The Directors believe that Ethernity is strategically positioned to capitalize on a unique transformative business opportunity within the growing FrontHaul/Backhaul mobile industry, driven by the ever-increasing demand for more bandwidth driven by mass migration to cloud based solution

GOING CONCERN

The directors have prepared detailed budgets and forecasts covering the period to 31 December 2026 which are based on the strategic business plan. These take into account all reasonably foreseeable circumstances and include consideration of trading results, cash flows and the level of facilities the group requires on a month-by-month basis.

Whilst the directors have plans in place to manage any reasonably foreseeable circumstances, they forecast there will be a need for additional funding in the short-term. The directors are confident that the Group will be able to raise any required funds to meet their strategic objectives however there is an uncertainty over how much funding may be raised when required. However as securing new funding cannot be assured, a material uncertainty exists related to the group or company's ability to continue as a going concern.

In the filter bin for slacker

Slacker

Do you have any investments you ARE in?..seemingly for 18mths you've just tessied about 10 stocks

Filtered

Good afternoon Tricky

Again.

Some nice ones

More 1mln+ buys today

ENET also looks set for a run

Looks like ENET is ready to breakout from these lows

I have bought 2 lots today and looking to add more

Totally agree

He has impressed me this last 6mths and tranformed the PYC potential

Bought some

ENET

Cannot buy

Seller out

The beyondblood/progress over last 6mths must put PYC in the frame for some of this money announced last weeks

Blue day

Only OBD and PYC have cancer detection tests /blood tests

Seller out ( see the large sells last 5 days )

And ENET are due 40% of $1.1mln which is half of the current value

From Sept 10th 2024

We are now happy to update that the project has been granted U.S. Government approval, and will shortly move to the implementation phase, triggering immediate payment in respect of the milestones that have already been delivered by the Company, representing 40% of the contract value.