Member Info for LearningG

Holdings updated

31/10/2023

David Levi 13,449,065 9.0%

Cipio Partners Fund VI S.C.S 5,722,000 3.8%

Shavit Baruch 5,760,438 3.9%

Pix Epsilon Pte. Ltd. 2,476,000 1.7%

Total Shares 149,221,091

5 working days to update holdings if there is a new holder over 3%

One week ago 19 million shares worth 55k @.28p. If they sold out for 2.5p they sold for 490k. They either had a very keen buyer or some very good techniques to get the SP up.

Its Premier Miton not Milton. Wow they sold 19,586,196 shares now i understand the price action.

Thank you Skid

Understood

Linked IN Company had 46 employees Now 40 and 5 open to work, likely for them 35 soon. Cost cutting well on the way, very painful for the employees.

Sikula contract components may be sellable or can be re purposed

Legal action against Indian and China OEMS unlikely. It’s a partnership. More importantly to future clients that does not look good.

Chinese government planning to inject cash to get economy going again but housing has been built out of control over there. The planned fibre to room may have all been put on hold.

Abuse of licence agreement is longer term but as against a partner a negotiation will need to take place.

Tarana going from strength to strength, the ray of light.

Old licencing review should continue to flow and increase with new business model.

Other customer orders discussed but to be confirmed, I would speculate they are on hold, waiting to see David Levi get the company back on a financial sure footing.

Basically David has 3 months to raise cash that can give him and the team time to work the company back to safety. I do not believe this will all be resolved this week as some seem to think.

We will get news when deals are done over next 8 weeks, even then nothing is guaranteed. GLA

Its who would have thought it? Unless I am not down there with the kids.

This drop was predictable. Extension was expected. Can David Levi get to warrants SP, if he releases really good news. If not its some form of raise , payment for orders, or a pre payment from Tarana. In reality warrants still would not bring in enough cash.

On 1 September 2023, the Company announced that it had received notice of cancellation of one such contract (first announced on 30 July 2021). This contract was with an Israeli company, Siklu LTD ("Siklu"). Siklu entered into financial distress following the cancellation of its IPO on the Tel Aviv Stock Market and as a result terminated the contract with Ethernity. The contract cancellation took place after the Company had issued large orders for components to fulfil the contract and after the Company assigned more resource to fix the design failures of Siklu. This has resulted in the Company holding an excess stock of components which have not been used.

On 18 October 2021 and 20 September 2022, the Company announced signed contracts for $3 million and a follow-on contract for $4.6 million respectively with its Chinese customer, that operates in China and India. The Company claims that the Chinese customer has breached the two signed contacts as the customer has not collected the orders which were fulfilled by the Company for XGS-PON and GPON. In addition, the Company is not in receipt of the contracted advance payment due in accordance with the terms of the $4.6 million contract. This has resulted in a debtor balance with this customer of c. $1.1 million, which remains unpaid. The Company continues to support the Chinese customer to seek a resolution.

In addition, the Company believes that two of its long-term customers have been violating the usage of a license from the Company for several years and will be taking steps to claim against this infringement.

Lastly, the Company had anticipated receiving a significant cash payment from a customer during the course of the last two weeks, however this has not yet materialized. The customer was due to visit the Company this week, but this has been postponed due the current emergency situation in Israel.

These events have materially adversely impacted the Company's trading and prospects and resulted in the Company's current cash-flow difficulties, and therefore the Board has taken the decision to submit the TSP Order today. The Company's current cash balance is c. $107,000.

Https://www.youtube.com/watch?v=kWMJ0j4vggE&t=3s

Basil Alwan

THE ONLY TRADE AT 2.26 WAS 2.2625 FOR 8000 = £181 and dealing charges

Would that be a raise?

This was predictable and it looks like a plan is being worked through. I do not believe it will materially change SP as it was effectively a done deal. Still need 1m to pay off Bergen, still need a raise or still need orders to be paid.

QBT raised £2M on 133M shares diluting peak SP from 3p to 1.5p. MCAP 27M. what dilution ENET?

Some nonsense being talked here i could buy 800k with HL for 1.92p no problem.

Its really hard to value Ethernity as so many orders have not been paid. The company needs cash and the warrants would be pushed further away if it raises cash, that said it can reset the terms of those warrants as it has done in the past. The 0.28p valuation was a nonsense caused by Bergen and that awful deal not helped with the lack of trust by both parties. What value now is very hard to say without news. I expect a deal with Bergen but only agreed if they get their money back. That's 1.3M current MCAP 3.7m. That is quite a rise. If no deal it could get a lot messier.

The news would have to be strong to hit 6p. It would deliver the money to clear Bergen 1.4M. SP needs to hit 7.5 for accelerator on warrants to kick in. Basically nearly triple current 2.77 SP. Still need cash to operate though need those contracts to be paid or would still need a raise.

Tonight will bring a nervous ness and the SP could slip a little as those that have made a good profit lock it in.

No news on contract wins and payments are expected until future finance of company is agreed with Bergen. That may take the 90 days of court. Next week may bring no RNS updates so SP could drift further as the recent arrivals look for their next opportunity. If company goes for a raise to clear debt while SP is stronger dilution could take the SP down. They need over 1 million to clear Bergen with MCAP 4.25M a 2 million raise would be challenging to SP but would finally secure future for new company plan to work. I've been into ENET for a long time.

Angle I thought that was a fund for Andrew Newland to spend other peoples money and watch the share price drop. £1.50 to 12p. Come to think about it, has he done any contracts that have moved the SP up since may 22? No all talk about the big one.

Avocet its in the RNS. If they go bust they have millions in IP value to sell. He would be first in the queue.

The Loan provides the Company with the interim funding to allow the Company to continue operating as a going concern whilst the Company aims to implement its temporary operating plan during the TSP process. The Loan has been approved by the Court and, pursuant to the terms of the TSP, entitles David Levi to be repaid the loan amount first as a priority creditor in any event.

LOL Skid. A lot of noise today but SP action has slowed right down. Significant underlying issues are still to be resolved and David will get his money back as part of any deal, so its good but he is protected. Its good to see parties being asked to the table if it happens. Company can not move forward until it does.

David Levi could buy the whole company if he wanted to at 4.8M. He has the money. He genuinely believes its worth in time 70-100M.

Get payments if from Warrants, Chinese OEM, Indian OEM, Tarana and US Aviation. Then control costs and we are off. Its not the tech that puts off orders its the cash flow sort it and all is good and profitability will come.

As announced on 24 October 2023, the Company is in discussions with 5G Innovation Leaders Fund LLC (the "Subscriber") to seek to come to an agreed position on the treatment of the subscription agreement, details of which were announced on 25 February 2022 (the "Subscription Agreement") during the Temporary Suspension of Proceedings ("TSP") process (as announced on 16 October 2023) and further updates will be provided in due course. These ongoing discussions include the validity of the settlement notice referred to in the Company's announcements on 20 October 2023 and 24 October 2023 ("Settlement Notice") and the Company remains of the view that the Settlement Notice was not issued validly. There can be no guarantees as to the outcome of the discussions with the Subscriber.

As noted in the Company's announcement on 12 October 2023, as part of the temporary operating plan during the TSP, the Company will be putting in place interim funding up to a total of 1,000,000 NIS which will allow the Company to continue operating as a going concern. David Levi, CEO, has agreed to provide this interim funding to the Company and a further update on this will be announced shortly, once the financing has been put in place. Any such loan to the Company would be approved by the Court and entitle the lender to be repaid as a priority creditor in any insolvency process, in accordance with the requirements of the TSP.

In addition, the settlement manager has filed a report requesting to extend the TSP period until the end of December 2023, and an update will be announced should the extension be approved.