Member Info for LearningG

I suspect he is trading any bounce. It would not take much to make a good profit and walk away if he can get the herd moving. If not then why no TR1 on any other stakeholders? It can’t all be PI living on hope.

New tech have walked away with anther handsome profit. Well done to them.

Ethernity Networks Limited (AIM: ENET.L) (OTCMKTS: ENETF), a leading supplier of data processing semiconductor technology for networking appliances, received notification on 3 December 2024 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.

Be wary we have seen such optimism before, which cost to me a significant amount of money. ENET is desperate for cash to survive. Wait to see if any orders/revenue streams actually happen. They need to be around $10m not $2 or 3m.

Significant further dilution incoming soon, read down so you understand.

Silver

That’s a profit on ENET take it

I am amazed anyone buying ENET shares to allow New Tech to clear but well done to NT and the market managers supporting them.

All is not lost but not the update that was hoped for, expected would be very wrong for those who held and lost through promise.

I genuinely hoped to see good news. Tarana not ordering but not lost, really.

Hopefully a spike for some to get out.

I have had responses before but they both left.

I would not think cracking their email code would be too hard see below

blanket one for IR

IR@ethernitynet.com

2 leavers were

Brian Klaff - briank@ethernitynet.com

Mark Reichenberg - MarkR@Ethernitynet.com

not hard to send but you might not get a reply

David Levi, Chief Executive Officer of Ethernity Networks, commented:

"The first half results were not in-line with our initial expectations at the beginning of the year, as some licensing deals were delayed beyond our expectations, as well as the impact of COVID-19, albeit first half revenue expectations were much lower than that estimated for the second half of 2020. However, we have experienced that our customers have now returned to certain levels of normal business operations and are finalising their thought process relating to development of new products and architecture that is expected to lead to demand of our ENET Flow Processor. The deals forecast for this year are intact and we hope that these will be concluded during H2 2020 or Q1 2021 at the latest. Our core focus remains on the Company moving from an IP/technology provider to a solutions provider for virtual networking and security appliances with greater focus on 5G, with licensing contracts targeting the broader market to cover other opportunities that require the use of our technology. This should leverage our OEM's investment in go-to-market and product solution development while utilising our technology to develop into stable recurrent revenue from royalties. The goals of the Company's development activities are to build stable recurrent revenues from technology licensing and the supply of our ACE-NIC FPGA SmartNIC product family.

We remain confident that Ethernity`s technology is well positioned to become one of the key technology solutions providers in its marketplace."

Every step is happening as foretold but at least the correction of the decimal place as stopped infinity with dilution (way too late though).

The EGM's date is the next clue, 23rd December. New Tech are making money above 0.11p so they will continue sell. They know the VWAP process will lock them their final tranche on a good lower than current price maybe 0.085p, so they are on a mission to clear a significant portion of their current holding by 23rd December.

Once final conversion takes place the new holding needs to not take them over 25% but they do want to clear all balances. (they never seem to go past 25%). They then start soon after 23rd December with 25% or less of the company.

The things that changes this are, sensational revenue news which will allow the exit from TSP process with debts to creditors cleared, or it will be back to New Tech but at what price, and last but not least bust. EGM 1,600,000,000 shares.

If insolvent who gets the IP would be the query as that's valuable and worth far way more than current MCAP.

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

902,233,909 Ordinary Shares in issue at the date of this document

Proposed 1,600,00,0000 ability to issue up to

That's 200m for New Tech ,30m in new options , 500m available for XXXXX?

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.

Read the bottom bit of RNS. i posted earlier

New tech 195m, plan then for New Tech to have cleared before Christmas.

EGM to allow last conversion.

all will be in place for FY25

Revenue News News News ?

They will need to allow for extra 200m plus for next dilution. I suspect then they will build in a future limit for further funding that in itself will tell its own story.

The Company will shortly post to shareholders a notice of EGM, to be held at 3rd Floor Beit Golan, 1 Golan St. Corner HaNegev, Airport City 7019900, Israel at 11.00 a.m. Israel time (9.00 a.m. UK time) on 23 December 2024. The purpose of the EGM is to seek shareholder approval for increasing the authorised share capital of the Company, disapplication of pre-emption rights on equity issues for cash and approval of the Option Grants to directors. A copy of the EGM notice will be made available on the Company's website, www.ethernitynet.com.

5G Innovation Leaders Fund, LLC Undisclosed - see RNS 24.03.22

5G Innovation Leaders Fund, LLC Undisclosed - see RNS 24.03.22

5G

A year later they then got the decimal in the wrong place. David walked away and with that they lost his guidance, many would have liked him to have taken a consultant role but his holding once notifiable now would be tiny because of the dilution.

David Levi, Chief Executive Officer, said: "We are excited to welcome Yosi to the Company as the Chairman of The Board. Yosi brings not only proven executive leadership and skills but a vast wealth of industry knowledge that we are confident will play a significant role towards the Company achieving its goals."

Yosi Albagli, Chairman of the Board, said: "I am thrilled to be joining Ethernity and its outstanding team. I look forward to the challenges of the Board leadership and being able to contribute significantly and positively to the future growth and success of the Company."

3rd May 2022 look at total shares (5G were Bergen who became New Tech)

Shareholders Shares %Holding

David Levi 9,437,160 12.52%

Cipio Partners Fund VI S.C.S 6,572,000 8.72%

Shavit Baruch 5,091,667 6.75%

Premier Miton Group plc 4,900,850 6.50%

Pix Epsilon Pte. Ltd. 2,476,000 3.28%

5G Innovation Leaders Fund, LLC Undisclosed - see RNS 24.03.22

Between 6th August to 25th October NT sold down from 119 m to effectively 0 - 80 days at a weekly rate of 10.3m

Since 25th October 195m to 13th Nov 148m sold down - 19 days at a weekly rate of 17.5m

To clear at accelerated rate would still take over 8 weeks.

We have of course the usual Allenby masterpiece, that said it shows it works. RNS from David and it would clear out new Tech to allow final conversion of somewhere around 210m shares.

Xmas is a hot bed of excited people (usually financially naïve) getting together and talking about a share that will make them rich. Handle this cleverly and it will work, that could be NEW Techs exit strategy. Well done and a very healthy return on their investment.

Longer term interested still need news. as otherwise we will be going back to New Tech again.

I have to credit New Tech and the posters that are supporting their profitable exit.

News ENET News? Or will it be yet another hint mid December. $10m

There was a successful method to this. 88m exchanged several large round numbers typical of New Tech but I am sure many blended in. To get price up 6% and move through a lot of shares impressive.

rules for New Tech to follow

hTTps://ethernitynet.com/wp-content/uploads/2024/09/Ethernity-Articles-of-Association-Amended-28-August-2024.pdf

73.2 Each Shareholder shall comply with the requirements of DTR 5 and shall notify the Company where its voting rights exceed, reach or fall below the thresholds of 3%, 4%, 5%, 6%, 7%, 8% 9%, 10% and each 1% threshold thereafter up to 100%.

TR1 in 5 days worst case if them.

News? TBC