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But fully agree that holders bothered by it should register a vote against. Much more effective and preferable to "whinging and whining" as my "lesser spotted" persona on the dark side puts it!

"Staff gets paid salary out of profit. Investors get paid for their risk and enabling staff to get their salary."

It would be amazing if DKL had executives and staff happy to only get paid when the company makes a profit!

The resolution requires 75% of votes cast. Turns out few shareholders bother voting at the AGM so Youval, Aris, LM, Shai and a few others, representing something like 28% of all shares easily carry the day. Mustering more than 7% of all shares against is definitely a non-trivial task!

Imagine the authority isn't granted, whilst it might halt the meagre dilution from shares in lieu of fees it couldn't really stop the large big ticket dilutions from fund raises and acquisitions as the board would just go ahead with a conditional placing/acquisition, schedule a GM and get the big IIs to vote.

Feed the mill with enough quality FFB for long enough and it will produce more than 70K tonnes CPO. Installed nameplate FBB processing capacity is 75 tph.

60K at 22.5% extraction rate calls for roughly 270K tonnes FFB. Zero chance of ever collecting that much in their region - not while other mills are in business. Another 45K tonnes FFB needed to reach 70K CPO - good luck with that!

The point is moot whilst they are yet to break the 40K tonne mark. How about walking before running eh?

Agreed...
Without colour sorting the cashews will likely be sold at the lowest possible colour grade. And lord knows how much the low capacity shelling processor they are currently using cost - another unrecoverable expense.
It is what it is - I just find it hard to believe DKL's situation is so exceptional that it is all down to logistics and that no one at the company screwed up.
Let's see how the ramp up proceeds - target 33% capacity by the start of Q2 would be an achievement.

That July 2020 RNS actually reports that LAC sold 3m shares.
We know this because the prior financial report (31/03/2019) states that LAC Ventures held 39m shares.

Amazing that a company with just £52K in shareholder equity is valued at almost £3m... And considering zero sales in the current FY, costs and debt financing, shareholder equity must now be negative. Absolutely amazing.

Great find - thanks! Their website is way more informative than Tarana's.
The capex charts - https://www.horizonwireless.com.au/applications - shows the initial outlay is about $15,000 per base unit... amazingly low if true, would have expected it to be significantly higher.
Tarana probably include a recurring operating charge.

"Surely they should be able to work it our with all their in house expertise."

Absolutely! And there's no reason to imagine otherwise IMO. They also encountered many technical issues along the way to tin nameplate production - took longer than anticipated even before COVID but their brain trust figured it out.
Presumably they will only proceed with a by-product if it reduces their C1 cost even if it requires additional capex.

The trade is flagged TNCP (Non Price Contribution to Discovery) executed "XOFF".
Googled explanations hint it might well be an II or connected trader.

BK shared some thoughts on HeavyReading's SmartNIC survey.

https://ethernitynet.com/operators-want-smartnics/

£1 in annual divi - my! That would command at least £50 per share on a 2% yield... Heck even a generous and rare 5% yield will command £20! Luvvly jubbly!

When you consider that unaudited half year results are typically issued with a 8 to 10 week lag in Sept, it's not too surprising that audited FY numbers require much more time.
IMV, it's more a sign of the underlying complexity of multiple income streams (licensing, royalties, design wins flowing in upfront and recurring payments) coming from multiple regions rather than laziness or reluctance.
I imagine you need either a really simple business or a very large accounts team to get audited number out faster.
Just my 2-pence as a layman with zero accounting skills!

Re patent date: I am simply going on published data and the distinction between the appeal board's favourable decision (Aug 2020) and the actual award of the patent. The appeal board is an adjudicator, it doesn't award patents... In fact I read somewhere that the board's decision is actually a "legal opinion." From that perspective I can see why Ethernity waited for the formal award before announcing the patent - at least that's what I think happened - happy to be corrected!

Re G1 & latest Ethernity patent:
Ethernity's patent works at the ethernet layer - it is based on a network of source and destination routers. Tarana's design on the other hand works at the radio layer based on multiple beams and multiple receivers.
G1 is built on the same core groundbreaking RF research as Tarana's earlier products. However G1 is specialised for last mile broadband wireless access and tuned for easy installation and cloud deployment.

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=10966112.PN.&OS=PN/10966112&RS=PN/10966112
https://patents.justia.com/assignee/ethernity-networks-ltd

The data is inconvenient but "30-March-2021" is what it says! Ethernity were either on it quickly or a few months late! I defer to any explanations.

Tarana's NLoS technology has nothing to do with Ethernity's new patent. It is based on RF and antennae design introducing advancements in beam- and nullforming and interference cancellation. Tarana's research, which is more than a decade old, was in unlicensed spectrum hence the core focus on interference management and adaptive filtering. AA2 operates in unlicensed spectrum.

https://www.oc2me.com/products/rf-solutions/tarana-wireless-radio-links/

As detailed in the RNS this is the best in class RF tech coupled with the best in class IP tech - Ethernity improving the end-to-end solution with world class packet processing.

I imagine it is exciting and comforting to assume G1 is based on Ethernity's new patent but that is not the case. And the patent was indeed awarded on 30-March-2021 according to USPTO data. It's true the appeal board rendered a favourable "patentability" ruling in Aug 2020 but the appeal board doesn't actually issue patents.

uhlf - see link below (from 2014) for some AA2 specs. Apparently AA2 also features 6 NLoS links. Presumably G1 has a higher aggregate capacity and obviously we know it incorporates Ethernity's packet processing pipeline on FPGA.
I think you can get full product specs by signing up to Tarana Private - I haven't yet.

http://next-generation-communications.tmcnet.com/topics/nextgen-voice/articles/370927-tarana-wireless-launches-absoluteair-2-product-line.htm

One point to add to trading1987's post is that the few nano-cap specialist funds often prefer to inject money directly in a placing rather than buy in the secondary market. But all that changes once a company is cashflow positive and self sustaining.

uhlf - it seems to me that there is zero chance of a lowball t/o in the near term; zero chance of the board recommending the offer and zero chance it will find enough shareholders fed up enough to accept it!

uhlf - agreed, quite reasonable to assume Ethernity customised/calibrated the solution to Tarana's exact requirements.
I like your question: "Is there any real difference?" As you say, in the grand scheme of things, as the Tarana opportunity snowballs, and as other trials firm up in orders and as the scale grows you'll be too busy counting your profits to worry about the unit cost!

Tarana can get packet processing software on FPGA from other suppliers but chose Ethernity's solution because it is best in class and comes with a patented way of packing onto FPGA that others cannot offer.
There are no limitations on Ethernity offering its ENET Flow Processors to others - indeed it already does! There are 700,000 implementations (in one form or another) connecting over 100m people out there!
Considering that Tarana's innovations in radio antennae design is in and of itself revolutionary it speaks volumes that the Ethernity was deemed the best choice that complements their product. The same conclusion will be made by other OEMs and integrators.