Member Info for LearningG

We have raised $300k and have bought Bitcoin we are now worth £3m. It seems to be working for some companies last week madness.

if results coming out today well ENET have a habit of being late so expect about 11. That said don't expect much revenue, losses in the bag however.

There should have been an RNS update? I am sure all close to delivery but poor not to update.

23rd June FY results this week? Maybe or maybe not. Hopeless

Allenby Note (paid) for what its worth.

Ethernity Networks Ltd* (ENET.L, 0.02p/£1.1m) Update: Notice of allowance for key patent in the US (20.06.25)  Ethernity received notice of allowance in respect to a U.S. patent application filed in June 2022. The receipt of the notice is a key milestone in the grant of a US patent, indicating that the claims in the application are patentable.

The Company anticipates that the patent will be granted upon completion of certain administrative requirements.  The Longest Prefix Match (LPM) patent covers a highly optimised method for routing data, designed to support high volume of data transmission typically seen in telecom/cloud network infrastructure environments. Ethernity's technology eliminates the need for costly hardware, with the Company’s software embedded on its custom processor, facilitating data transmission. 

LPM is an algorithm used by network routers to determine the optimal route for data to be transmitted across a network. Allenby Capital comment: The notice of allowance takes Ethernity a step closer to being granted a LPM patent, which would build upon its custom networking technology. The patent award would boost Ethernity’s ability to deliver advanced, cost effective, and scalable solutions to OEMs and network operators. Brendan D'Souza *Allenby Capital acts as Nomad and Joint Broker to Ethernity Networks Ltd.

Capita 4.0% Net Assets

Cost: £4.60m, Value as at 31 March 2025 £3.89m, Market Capitalisation £235m

This outsourcing business was a former FTSE 100 constituent but had a spectacular fall from grace and is now valued at £235m. The business has a completely new senior management team who are targeting to improve operating margins form c.4.5% to 6-8%. There are two divisions. The first is focused on the Public Sector where it's the incumbent administration provider of a range of government services such as the Congestion Charge, The Student Loan Company and the TV License. The second division is more private sector focused and has a barely profitable contact centre business which is a key area for improving performance relative to the levels achieved by competitors. In both divisions, significant cost is being taken out and new technology harnessed (in particular the use of AI) to improve productivity, efficiency and profitability. The company had been saddled with huge amounts of debt which have now been paid off through a series of business disposals and also had a significant funding requirement for its pension fund, which has also been addressed. It is clear that most investors are sceptical of the likelihood of improved performance, which is reflected in very low valuation multiples. However, we expect a significant increase in free cash flow generation when the restructuring concludes in 2026 and 2027 justifying a large re-rating. A full break-up of the group may be the end-game and in that regard it is important the company exits its loss making closed Life & Pensions activities, which would enhance free cash flow conversion significantly.

Yes it’s got no cash and next to no revenues. It’s a multi-bagger. Or it was if it was a dot com 25 years ago. Now needs cash and still burning what they have. FY results Monday 30th place your bets.

"will significantly strengthen Ethernity's ability to re-engage with OEMs" in other words they were not interested in a company that was going bust. No orders.

" pleased to report promising levels of interest in Ethernity's planned ASSP offering" no orders just interested.

"ongoing discussions progressing around a potential co-funding arrangement with a leading wireless backhaul vendor for the planned ASSP development" no orders yet.

20 days to get the FY results out and we can see if they have cut the $300k a month spend on costs.

Don't spend your fortunes yet

If its a co fund they will need another raise.

Be wary before you all back slap each other. Over the years a few have had more than 3% and all to date lost out.

Gulf Marine Services PLC

("Gulf Marine Services", "GMS"," The Company" or "the Group")

Warrant Issuance

As previously reported, the Company was obliged to issue warrants ("Warrants") to the Company's consortium of lending banks ("Lenders") by 2 January 2023 pursuant to the terms of the 2021 common terms agreement ("CTA"), in the absence of the Company raising at least U.S.$50 million in new equity by 31 December 2022.

In accordance with the terms of the CTA, the Company issued the Warrants to the Lenders on 2 January 2023.

In advance of the issuance of the Warrants, the calculation agent redetermined the final exercise price of the Warrants and the total number of ordinary shares that would be issued to the Lenders if all of the Warrants were exercised.

Pursuant to the recalculations provided by the calculation agent, the Warrants, if fully exercised, would entitle the Lenders to subscribe for 137,075,773 ordinary shares of 2 pence each in the capital of the Company at an exercise price of £0.0575 per share. The Warrants are exercisable by the Lenders at any time until 30 June 2025. The aforementioned figures replace the figures referred to in the RNS Announcement dated 14 December 2022.

Ethernity founded 2004 taken from their about us page see below

hTTps://ethernitynet.com/about/

It should say "well since 2019 we've tried lots but delivered no profit" but actually it is blank which kind of says it all. Desperately treading water to survive for 6 years. SP diluted to hell and but still being chased up and down by pump and dumpers.

Martin Sorrell at SFOR has a similar chart to David's at Ethernity

hTTps://www.lse.co.uk/ShareChart.html?sharechart=SFOR&share=S4-Cap

Just because you did it once it does not mean you can do it again.

2019ENET Universal Edge Platform released

2018ACE-NIC100 - 100G FPGA SmartNIC

2015-2017CHARISMA 5GPP EU Consortium

2017Public on the LSE

2015ACE-NIC40 FPGA SmartNIC

2009-2013FPGA data path processing patents

2010Radio Modem Flow Processors

2009G.fast Flow Processors

2009EPC Flow Processors

2009Carrier Ethernet Switch Flow Processors

2009Partnership with Xilinx

2007Avionic Switch Flow Processors

2006First major customer win

2005Partnership with Altera

2004Ethernity Networks founded

Hello James define soon. I thought soon was 5 years ago. Soon is such a loose term when it comes to ENET.

Cost base means they need $10m revenue to break even. They have next to no cash, agree no debt. $3-4m revenue from existing contacts.

They need to land $6m additional contracts to keep wolves from door. History to date has shown they fail.

It’s all been done to investors before time and time again

Summary / Highlights

- Fundraising to raise £4.2m* through the issue of 12,000,001 new Ordinary Shares ("New Shares") at the Issue Price. The issue was over-subscribed and scaled back.

- David Levi, CEO, participating for 253,431 New Shares via the Subscription in support of the fundraising

- Investors to receive warrants on a 1 for 1 basis, exercisable at 60p, with 'accelerator clause' when the share price reaches 80p for 5 consecutive days.

I'd keep your cash in a 0% account it will be worth double in 6 months time your investment in this

Ask yourself about the value of all the many warrants issued in the past, with the fact they are worth diddly squat. Rinse and repeat

They have coughed up every time, they raised and as such managed to keep their salaries rolling in for another year. Strange that.

Movement over last few years

32,556,686

36,590,988

67,492,412

76,013,296

143,876,859

417,642,243

1,400,000,000.0

now add 3,636,363,633

ridiculous

aw

For any that may be sucked in this has been happening for years now. Awful company.

Do not lose money here like many have, including me.

They have delivered next to nothing and taken a lot.

Is that the one with closing down sale on the windows?

David I told you were were going shopping that day,

But people will have cancelled meetings, booked flights, booked hotels.

David

Ok I'll change it but I cant change it when we ask them for lots more money

for shopping

Yes

that's fine good boy.

Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), announces that the Company's announcement on 8 April 2025 incorrectly stated that the upcoming Extraordinary General Meeting ("EGM") of the Company was taking place on 28 April 2025. The EGM is taking place at 11:00 a.m. Israel time (9:00 a.m. UK time) on 29 April 2025 at Ethernity's offices, on the 3rd Floor, Beit Golan, 1 Golan Street (corner of HaNegev), Airport City 7019900, Israel as set out in the notice of EGM that was sent to shareholders, a copy of which is available on the Company's website, www.ethernitynet.com.

I think the new owners will very quickly smash that figure. It’s a poor sale and done at a heavy cost. Granted with the incompetence in Germany they had few options left. Other than dilution.