Member Info for skid35

Number of shares in issue is irrelevant, share cap that counts.

Hopefully now acuity is 100% owned there will be more rns and visibility. Channels vitally important to growth with minimal cost base.

Another genius, please understand the basics of the fund management industry.

They are AUM not part of their accounts, look at their total AUM vs their ENET holding as I don't think it would register to the thousanth of a percent.

Vela is slightly different in accounting terms, but Vela is not is the same league as even a small asset manager as PM.

Mike.

I have Welsh rather than Iberian heritage, so if you're having wet dreams of someone with olive skin think again.

The issue I have with China has nothing to do with lockdown. Its about really basic governance and control, if you understood the very very basics you might understand. If you want me to spell it out yet again I can over the weekend ?

Outside the chinese debacle what have they learnt and what has improved since then?

Stock impairments 2020 £616k, 2021 £496k, 2022 £852k

Debtors impairments 2020 £1323k, 2021 £1158k 2022 £1460k

Debt 121+ days 2020 £1973k of £2179 total, 2021 £1,977 of £2,399 total, 2022 £1,346k of £1,458k total

So making stock which no one wants and then has no value, customers who dont want to pay for what KMK has provided them.

Mcadder.

For those unfortunate to have a longer term memory ENET has always almost, almost, almost been at the inflection point - both from an EBITDA level and then a 6-12 month lag on a cash basis.

Cash / dilution is now dominating the share price well above any views anyone has on business potential and the inherent value I hope ENET have built with all of the R&D funding in the past x years.

I had hoped the developments they had listed together with the H1 G2 development would have also been invoicing milestones negating the need for immediate cash.

I can only hope they get the cash in and ENET is on a more stable footing and better news is ahead.

Anyone go on the call the other evening ?

I registered but then thought it would 1. be another back slapping exercise 2. Ignore any difficult questions 3. Basically reiterate what a great job theyre doing and give basu another massive pay rise and a slug of options- so didn’t join.

LG.

They want to see that they can offload them at an acceptable profit / risk profile over time.

The conversion is structured in favour of bergen that they can wait a few days after what we hope will be good news RNSs and still utilise the historic low share prices for a relatively risk free gain. There is zero benefit from converting now.

One very positive element is the Acuity team really do have a lot of skin in the game. It does give them more liquidity than the zero as a private shareholder, but the rewards will come from building the company rather than dumping in what is still and illiquid stock.

Interesting to see where this goes in a few years, I cant see the portfolio of holdings / companies coming to fruition in the near / medium term.

Thanks Warren.

Now have contact with the chair who said he would email what I will write to the rest of the board - as many are on the various boards such as audit and remuneration non execs all appear useless.

A bit busy for the next couple of days, the problem is keeping all of the issues down to less than 4/5 pages.

Aquae,

Unfortunately this quantity of orders is similar to a stay at home mum / dad selling shortbread from their kitchen or a teenager making bracelets.

Just phoned investor relations 01740626060 and got through to Natalie, as soon as I asked for the emails of all board members the line went dead all of a sudden.

Tried to ring this line again a few times and it goes through to a mailbox, which of course is full and doesn't allow you to leave a message.

Does anyone have the email address format used by Kromek ?

Based on previous history I think 1.

I have submitted a market abuse from to the FCA this afternoon, clearly someone knew this was coming and traded accordingly.

I have used the form on the investor relations site to ask for the email addresses of all board members.

What you have to remember with kmk is they continue to produce stock, yet write it off year after year. They continue to produce debtors and then write them off year after year.

Why don't customers pay and adhere to their contract, probably because kmk haven't performed to the contract.

All the total and complete b****cks comparing kmk to redlen and pricing it as such.

I will call Tuesday to demand the emails of every board member. I will provide these and post my email.

Looking forward to the ST write up.

Mike. Unfortunately a long list in a line of shareholders, including myself at a higher price than mike, who have bought in.

Firstly we clearly have insiders (not necessarily kmk) dealing. This needs urgent investigation.

Shareholders need to revolt against Basu, the chair and all the buffoons on the board. Whose with me ?

Someone got early sight of the numbers ?

Now back to 6p.
Simply zero confidence in this BOD and CEO. ST bleatings now completely discounted.
Looking forward to BOD buying in the open market ?

Aqua.
This isn't a complex structure from an accounting and audit perspective.
Overhead allocation not really an issue, the main issue is If SOH has taken his full salary from opti and not reduced it from the interim CEO pbx, also the multiple boards and exploitation of the pbx float to extract wealth for himself and his family approved by a board of compliant yes men happy to take 25k a year for doing nothing.
Hopefully the corrupt Hammond will resign in embarrassment with the led by donkeys debacle, this is the standard of the opti board.

JT.
Across all markets / products it’s a very technical sale as it’s embedding ENET into a larger stack - hopefully a lot of upfront technical sales investment for an ongoing and increasing high margin income which requires little sales support.
A lot of the selling will be DL and the r&d team direct with another r&d team - they will not have your typical wide boy bmw IT sales people.
On product development, with what they have spent, you would hope products are more plug and play rather than requiring further expense on integration.
They need multiple partners / channels / routes to market by product and geography and I believe need to be relatively agnostic at a technology level at the moment unless it was one of the major, major multi multi bn players (if this was the case they would just be acquired) - they could provide exclusivity for a territory if the partner guarantees sales resource and investment for x years.

Overall Enet do need a wider portfolio of contracts. If they had 10 tarana type contracts (by income, % margin and market potential) adding to $20m income Pa ENET would be valued well in excess of £100m - not in conceivable at all with a following wind. The lack of household or unnamed names (fully understandable with these types of contracts) in RNSs doesn’t always help investors understand the market potential. Anyway let’s hope the “advanced negotiations” should lead to the “easily achieved” warrants price being met - the uncertainty on funding is probably a larger blocker on the share price than the underlying business.

Assume they would issue an RNS with the trading update prior to the meeting so investors have a chance to ask pertinent questions - on lack of growth, management overhead, inability to grow contracts to a meaningful size, the inability to retain employees, the multiplication of boards and renumeration / options, the complete inability to create brands, inability to penetrate large retailers, online marketing strategy and execution, general marketing that is in the 1960s....
Unfortunately on holiday in Barcelona at this time.