Member Info for Molineux

Happy Sunday all! Whilst I don't disagree with a certain amount of what is being said, I do think it would be a tad naive to assume that the major players out there don't have offerings in this arena that are competing with Ethernity's. I'm sure that the likes of Intel et al haven't been sat staring out of the proverbial window while this is developing. I do recall David's Proactive comments about this but I cant imagine Intel would have simply shrugged their shoulders and walked away. I also get that there are a limited number of major holders here that are almost certainly being kept in the loop, and I also fully appreciate the possibility that third party testing will have confidentiality requirements from an overall development perspective, but, and here's the rub, like it or not, our little Ethernity does have one or two issues in the income versus expenditure bracket and it cant operate on fresh air. Now, IMO only, and if we draw a comparison with Covid vaccine development as that is fairly topical just now, a variety of companies around the world are involved in development, research and testing of what could turn out to be a $billion product. They aren't giving away any secrets in terms of how and when things are being constructed or undertaken, but what they are doing, by and large, is informing the market at regular intervals that their internal processes and ongoing development, from an overview, is going poorly, satisfactorily, well, very well, or splendidly. It would be helpful if it were similar here is all. Anyway, time will tell, and I'll get back in my box now lol. GLA LTH.

Dallo
Fully agree. From my own perspective, I'm not growing weary, frustrated, impatient, annoyed etc etc, I would just like to know where our company stands at this stage and I don't believe that is unreasonable. If I were David or, indeed, any other board member, I would be in regular contact with those organisations that are undertaking testing either of our product(s) in isolation or as a smaller part of a larger process and I would have an indication as to how things are going. Let's not forget that, not too long ago, our company had to undertake a fund raise (with warrants attached) and then bring in another investor arrangement to provide for ongoing funding. I would simply like to know the up to date position here.

TL,
I agree in terms of the testing not being a pass or fail scenario, however, there are varying degrees of success and that is where, IMO, shareholders, both current and future, could be encouraged by a progress update. I understand the 'best in class' phraseology used by the company but major players are joining this particular party now and I, for one, would like to know where our company stands at this point. I'm sure time will tell. GLA LTH.

Dallo,
Absolutely re revenues. That is the basis of any company valuation and, therefore, share price. Stating the obvious I realise, but sometimes the obvious needs reiterating. To my mind, if we had a progress update regarding the testing (I cannot believe that Ethernity are not aware of progress or otherwise), it may give shareholders an indication of what the short to medium term might look like. At this point, however, it seems to me that this could be considered to be a binary position - either a large order RNS which rerates the company, or the testing failed and it's toast. Clearly, there is a spectrum to be considered in between those two but an indication from the company about where the balance currently sits would certainly be helpful either way. Time will, as always, tell. GLA LTH.

Hi All, I'm still in here pretty heavily for me so have a vested interest. IMO this goes back to what I was saying months ago which is, I don't dispute the IP that David and the team here hold and I don't dispute the market that currently exists to a degree and will continue to develop, but, the value of this company will come down to the ability to monetise that IP. Now, as far as I understand it, Ethernity is on that path with the testing that we assume is being done during this quarter with a variety of companies predominantly in China, but the difficulty is that there is no update on progress and, therefore, the PI is very much in the dark at this point. I guess my favourite saying applies - time will tell. GLA LTH.

Nothing earth shattering, but David quoted amongst others in Raconteur article https://bit.ly/3nLWUj4

An honest and to the point trading update - thankyou David! I view this as generally positive with the negatives being largely timing/delay related as opposed to things falling out of bed. Some really good stuff about conversations with various parties which, in my opinion, if half of those come to fruition over the coming couple of years, this could become a very interesting company indeed. The expectation of positive cashflow is now the end of H1 2021 as opposed to H2 2020 and so may only be a 6 month shift. All in all, IMO, a 'managing expectations' update which I would think includes some slack for things beyond the company's control, but a generally positive one. What we will probably see over the coming days is the impatient offloading but it is what it is. I initially thought of this as a 2-3 year hold and that hasn't really changed. GLA.

I'm with you there Dallo. Given that this IPO'd above £1 on an old business model I too am expecting well above that ultimately. I remain firmly of the opinion that monetisation of the product lines is critical to improved market cap and, notwithstanding any changes of which we are unaware, in his Proactive interview last September David talked of mass deployment in the second half of this year and into 2021. I am, therefore, looking towards a 18 month to 2 year time line. I am, of course, happy for that to be shorter! Time, as always, will tell. GLA.

Quite possibly - maybe nudging the price up a little to encourage sells. Interesting.

Most odd given the sell.

I would have thought they would go to their Nomad for a fund raise personally IMO.

I had to do a double take but yep, definitely 2018!!

Ain't that the truth!! And I've come across a few in my time too!! GLA.

Bid, they've heard our cries for an trading update lol!!

Yes, you're absolutely right, I am just guessing. And again, you're absolutely right about looking at the sector in the round as opposed to simply Ethernity. However, as far as I am aware, whilst there is a lot of buzz about the edge, security, acceleration, freeing up CPU's etc etc (I am not particularly technically minded when it comes to the intricacies of this area!), there is next to nothing out there about which companies are looking at using which solutions. This suggests to me that there is a huge amount of work, trialing, testing etc etc being done in the background and in secret because those companies looking for solutions want their own to work brilliantly and everyone else to fall flat on their face! That leads me to the question of how will the success or otherwise of all this be communicated to market? To my mind, there is almost certainly going to be a time lag before solution providers can trumpet their success from the rooftops which leads to the conclusion that results will be the principle indicator. I am, as always, happy to be told I've missed something!

Hi TL, whilst I agree with you in principle, it wouldn't surprise me if the next news we get is the 2019 results in June. I maybe completely off beam but it seems to me that there are firms in this sector who require discussions and deals to be shrouded in secrecy in order to try and steal a march on their competition. I remain firmly of the belief that mass deployment/monetisation of the product is the key here and we won't necessarily find out about any monetisation and its impact outside of year end and half year results. I have reverted back to this being approximately a 2 year play allowing for mass deployment in the second half of 2020 and into 2021 (David's Proactive interview) and that being shown in the 2020 year ends due June 2021 and the 2021 first half year results due September 2021. All IMO and happy to be proved wrong. GLA.

Hi Bid, you cant buy at 43.5 now lol! Its 44.9.

I suspect that you're right TL with regards to David's Proactive interview and the company becoming cash flow positive in the second half of this year and also mass deployment in the some period, but a short note to reinforce those views might bring new money in. Information is king!

I am inclined to agree with you about edge facilitators although whether the investments will be near or very near term is a point for debate (and, of course, interpretation of 'near'!). I see from the website that the recruitment drive is still on and there doesn't appear to be any mention of redundancies, so I guess things are going in the right direction. I do confess that I thought we may have a trading update at some point this month but blind faith will have to remain my fall back position lol! GLA.

I am absolutely with you there Bid! Its a bit like a book that moves reeeaaallllyyyy slowly for a time and then.....probably slows down!! ;-)