Member Info for LearningG

Finally walking away with £457m in back pocket, plus some large tax losses, a huge loss on investment. Terrible failure by management over many years to make it work.

Read the EGM dilution to infinity sadly its been updated many times.

You know that money on Viedo to room, Yes

and that money to making our own wireless devices, Yes

and that software we used to sell, Yes

and the money coming from India, yes

and the money coming from China, yes

Well its not coming yet so can i have some more money from those lovely people who keep giving it me

We'll try Davey now off to your room and play with your latest ideas. Thanks money.

Make sure you keep your pocket money safe Davey, ooh yes money. Night night

No sir they fell off the ship

Trading Update

Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing and PON semiconductor technology for networking appliances, announces an update on trading for the year ended 31 December 2024 and on the potential ASIC business.

2024 trading update

The Company announces the following unaudited headline results for 2024, subject to the completion of the full year audit:

· revenue of approximately US$1.38 million (2023: US$3.78 million);

· gross profit of approximately US$1.37 million (2023: US$2.34 million);

· an EBITDA loss of approximately US$2.79 million (2023: EBITDA loss of US$3.86 million); and

· US$2.45 million spent on R&D (2023 R&D expenditure: US$4.2 million).

In 2024, the Company's R&D efforts were primarily focused on finalizing the release of the UEP-2025 solution for the wireless backhaul market. The UEP-2025 embeds Carrier Ethernet Switching, MPLS routing, timing and optional patented wireless link bonding, and underwent successful testing with several vendors during the year. One result led to a $1.05 million contract with a Tier-1 U.S. aerospace company (as announced on 28 June 2024) and delivery was completed in the first quarter of 2025. Another test from a prospective customer resulted in a request to develop an ASIC based on the technology embedded in the UEP-2025. Additionally, other companies that evaluated the UEP-2025 advised the Company that they were pleased with the performance and may re-engage to explore potential go-to-market opportunities.

Furthermore, the Company has completed the integration of the open-source Virtual OLT ("VOLTHA") Network Operating System ("NOS") with its PON OLT solution running on the UEP-2025 platform. The integrated PON UEP-2025 solution is currently undergoing a series of demonstrations showcasing its operation with the VOLTHA.

Current trading

· Following the successful delivery of the $1.05 million contract with the Tier-1 U.S. aerospace customer, Ethernity received an additional order from the customer in March 2025 valued at $290,000.

· In the first four months of 2025, total cash collections are expected to be approximately $700,000.

· One of Ethernity's royalty-based customers has successfully completed the initial deployment of several thousand units as stipulated in their agreement. As a result, the Company anticipates an overall increase in royalty payments during 2025 compared to 2024.

· As previously announced, the Company will be required to raise additional funds in order to settle its payment obligations under the creditor settlement plan and to progress its potential ASIC business, as detailed further below, and is currently exploring a number of options to raise such funds.

Have you read the EGM? Another 5 billion shares

Do you understand the TSP?

Do you understand they have no money?

Personally badly burned yes. This company has taken enough of peoples money for no return they promised a lot and failed on all of those promises.

Be warned a very bad company.

Pump pump

No shorts exist!

Off stocks

MCAP 421,890 shares 1,400,000,000

shares soon 6,400,000,000

How cynical of you come on pump an dumpers, when you get out of bed. This is a buy buy buy, I've heard that maybe more news, because its like buses expect 3 RNS in total. I heard Elon wants a piece, is this the new Filtronic?

This is fun you can make on old BS up and no need to look at facts. Sigh

Ye haaa 5,000, 000, 000 shares coming soon, see details for EGM. Buy Buy Buy. Some one on X says its a winner surely its true!

Sadly to you hard earned bye, bye, bye

No I expect he is rebalancing for new opportunities. He has his Windward money soon so expect new investments. The problem is the hinted at good news is only useful when it becomes a fact.

So many H2 specialists on Aim promising more later ,but I think Transense are much more honest than many others.

Their level of comms to ordinary shareholders is appalling. No doubt Cosmens fully up to date. The longer it goes the more the worry that new eyes have found more bad news to be used as not my fault excuses. They have long since exceeded the bad news comes in 3s. Its communications basics executed badly because they don’t give a sxxt about ordinary shareholders.

Or Future being invested in. 36% revenues up and wins coming in. Future bright

Now NT are clear is it bust, take private or another raise. Or joint funding of new product to be super optimistic.

Place your bets

Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, received notification on 16 January 2025 from New Technology Capital Group, LLC ("New Tech"), that New Tech's voting rights over the Company's ordinary shares are below 3% of the Company's total issued share capital.

The share price has a horrendous tale to tell. Cooklin talks the talk but it/he has been heard time and time again. If the money does not come in for the "won" cartel cases then it looks grim. He stated that they were round the table months ago. £15m being held as value of the cases but as we know that may mean nothing. Lots of new employees following up on lots of new cases with 14 month turnaround but never leads to anything for share holders.

Its been a few months October 9th to be precise, since I sold the last part of my holding losing over 90% of the money I invested on this monster. To think how stupid I was, its a tough but great lesson.

The "experts" tips are out there left, right and centre for 2025. No Ethernity, funny that. If you listen to Paul Scott you will regularly hear him talk about such appalling AIM money losing shares that raise, raise, and raise again diluting their share holders to nothing while the finish line gets ever distant. They devalue the trust in directors, in the stock market and in new issues.

I suspect they will take the IP private, by one final manoeuvre, with mugs like me who funded the fiasco angry but more educated.

Hope I am wrong for LTHS but the last 6 months followed the script perfectly on the way to the end.

Tom this is ENET I am not sure AIM rules apply!

Bill they can not issue the shares until EGM later this month on 23rd, when David will get options of nearly 22m. Full document link. The new shares will then be up to 1,600,000,000 which history shows us will be used up very quickly.

David trying to bolster confidence, is he going to lose control of another of his companies and be seen in as a failure, not intellectually but as a CEO. He is a proud man

hTTps://ethernitynet.com/wp-content/uploads/2024/11/Notice-of-Extraordinary-General-Meeting-23-December-2024.pdf

Resolution 1. Increasing the authorised share capital of the Company

Under the Companies Law, the authorised share capital of the Company may only be increased with

the consent of the Shareholders. This resolution increases the authorised share capital by NIS 600,000

to NIS 1,600,000 consisting of 1,600,000,000 Ordinary Shares, each having a nominal value of NIS

0.001, and amends the Company’s Articles of Association to reflect said increase in the authorised

share capital. The Directors believe that the power provided by this resolution will maintain a desirable

degree of flexibility and will support the Company’s needs for the foreseeable future.

Resolution 3. To approve the grant of 21,789,223 Options to David Levi under the ISOP, vesting over

3 years with an exercise price of £0.00247 per share.

Resolution 4. To approve the grant of 6,574,161 Options to Shavit Baruch under the ISOP, vesting

over 3 years with an exercise price of £0.00247 per share.

Resolution 5. To approve the grant of 2,254,786 Options to Joseph Albagli under the ISOP, vesting

over 3 years with an exercise price of £0.00247 per share.