Member Info for skid35

FS, well said. There is a real issue with the basic culture, credibility and integrity of the board and leadership team, unfortunately once lost it is very difficult to re establish. The official statement from the company that they have never spoken with TW and Elrico, while sponsoring their output as the key investor relations communication behind a paywall, was Orwellian in the extreme and undermines anything coming out of OPTI.

I hope that the market buys by the CFO and SOH at higher values a few short months ago were actually based on some sort of realism, but sometimes if you are too close to a company there is a massive bias which is not based on a realistic assessment of your position. If we have another SOH presentation reiterating the market opportunity in the last five years, with no real material sales and where OPTI has failed to establish itself but where he and OPTI have done a great job, I will scream.

Chase. Once every six months they come up with about four or five new "opportunities" for post ipo products which disappear in the next update. Over the years this is probably 60 or 70 none of which has closed so it's currently 0% rather than the 1%. Forward looking they are scrapping the barrel with poorer opportunities than the 60 / 70, and yet again scrapping around for cash.so not a company to place any confidence in. Forward looking statements from ENET are completely meaningless,

No, you still don't understand the meaning of recurring revenue in a tech company.

Chase. Lets run through it.

The one million is over 10 years plus at cents per royalty - it is not cutting edge tech. They haven't cross sold in 10 plus years and now have an unqualified "opportunity" which will disappear in the next business update. Also you don't understand what recurring revenue is.

"Potential" in the con artist DLs meaning is less than 1% chance of occurring. I can see you are also questioning now any probability of the buffoon DL actually doing anything other than collect $20k a month.

TW really is such a pathetic little man, the investor version of Dominic Cummings. No doubt has traded in and out and made millions. SOH, with advice from the the "pr professionals" Walbrook, should have steered well clear and not considered him an insider, releasing juicy titbits for him to put behind a paywall.

Anyway - over to you SOH to prove him wrong, unfortunately based on history seems very unlikely.

Instead of providing a further list of opportunities in the Dec Business update (which will come to nothing) perhaps it would be good to address the progress of opportunities from mid year below, or last year, or the year before that, or the year before that. As I've said previously no one is really going to risk their career engaging with ENET or DL, without doubt the most deeply flawed and unimpressive individual I have ever met.

Progress with Existing Paying Customers

Long-standing OEM Customer. The Company announced in July 2025 that it has reached a milestone of one of its long-standing OEM customers shipping 1,000,000 products with Ethernity's Carrier Ethernet IP embedded. The Company has collaborated on a joint proposal with this OEM on the development of a new FPGA-based product for the OEM's clients. This solution would leverage Ethernity's proven and widely deployed technology. The OEM customer has indicated growing confidence in securing the business based on the proposal.

U.S. Tier-1 OEM Customer. The Company's leading U.S. Tier-1 OEM customer has now surpassed several thousand deployments of Remote OLT (RoLT) units containing Ethernity's IP, with approximately 40% of the total volume shipped in the last 12 months. This achievement meets the initial contracted volume threshold. As deployments continue, the Company anticipates securing recurring revenue beyond the original agreement.

The Customer has indicated that it intends to engage with the Company in discussions concerning the development of two next-generation RoLT platforms, which would incorporate additional functionality to be provided by Ethernity.

Progress with New Customer Engagements

New U.S RoLT OEM engagement. Following the submission of a commercial proposal, the Company is in active discussions with another leading Remote OLT vendor seeking to migrate their existing OLT design to Ethernity's PON technology. Technical evaluation and solution alignment are progressing positively.

New European RoLT OEM Customer. Following multiple meetings with a European OEM over the last two years, the Company has recently aligned with this possible customer on a technical proposal that leverages their existing platform to deliver a flexible, FPGA-based PON solution. Commercial terms have been agreed, and execution is now pending with the customer's final internal approval.

New Potential PON ASIC Collaboration. A major European semiconductor vendor is currently evaluating a potential ASIC fabrication based on Ethernity's PON technology, following a quotation request from a leading PON OEM system supplier. Technical and Commercial Discussions remain at an early stage, and the timing of execution is yet to be determined, however it demonstrates a need for Ethernity's IP for execution of variant ASICs for Broadband, Mobile and Carrier Ethernet market.

Increased noise ? That's all of is.

Your pre new year write up of all the tech enet has which works out to royalties less than the CEO salary was a good laugh.

Nothing's changed apart from D L laughing all the way to the bank with fairy tale RNSs - no cash, no active orders, zero backlog, unqualified opportunities with zero chance of closing.

No point is having "a strong balance sheet" (which it isnt) if you're not selling assets to generate return, but as you say FS just to pay directors.

Chase. Dear me, the absolute desperation here, you should be the whitehouse spokesperson when the current one goes on maternity leave.

1. Where are the Tarana orders then who are still doing well.

2. As I said, if you look at the accounts in full you can work this through. It is a complete failure, that really is not in any doubt.

Chase, in the many leading US tech companies where I have worked, if your largest customer doesn't renew a contract / goes to a competitor it.is "telling you where to go", the VP of sales and probably the CEO are getting g their CVs written.

If you RNS your two largest contracts, you then buy $ms of components (and then RNS the fact.gleefully that you have secured supplies for delivery) and then you don't deliver and aren't paid a cent that is a "complete failure".

Chase.

So why did ENET state they were working with next generation products, in calls DL stated Tarana were reliant on ENET tech as an integral part of their offering and couldn't go elsewhere - only for Tarana to tell them where to go. This was ENETs only material customer.

Chase, you appear not to know how to understand a full set of accounts, notes to the accounts and ifrs - so best take it from a qualified accountant. No, they rns'd the complete failure of these two contracts, after they rns'd they were going brilliantly. Believe it or not they needed further massive dilutive funding to fill the hole.left by this.

Anything from the amateurish brokers / nomads is effectively spoon fed from the company.

Chase. ENET purchased $ms of components for the 4.6 and 3m orders and didn't receive a single cent from these. All material customers (tarana) have left realising ENET is not a reliable partner, virtually all their 2025 business in based on pre ipo tech from low value royalty agreement worth cents per unit.

And we still have buffoons not knowing how to calculate market cap.

Sjm.

It's hilarious reading some of these, doc holiday worried about the cln - what a complete idiot.

Yeah, multi billion / trillion $ companies with the greatest engineers, ip and massive r&d bn $$$$ will definitely use ENET with its history of success.

Nvidia buying Nokia for $1b ? Must have missed that one, they clearly underpaid against the Nokia market cap.of c $30bn ?

Your posts have as much factual backing as an ENET rns.

Potential, you may not have noticed but Nokia isn't a US company.

Any RNS from ENET on new business opportunities are completely unqualified, they wouldn't even be in the average companies CRM as something to keep an eye on. Have a look at the RNSs over years, they just make stuff up.

No ENET does not provide the plumbing in any material sense for high speed telco networks. Royalties in the very low hundreds of $k a year, all from pre IPO tech. Everything post IPO hasn't created any value.

Noticed someone pumping ENET across a number of boards this morning.

Tuan. As others have said - put your post through some very basic English test before you post.

Not sure you've understood much here.

The Chinese are customers not suppliers.

You don't get compensation when a customer doesn't place an order in the timescales you have forecasted.

After 2024 was the year Angus "knocked it out the park" 2025 has followed on from this. I think the new CEO had a hard job, clearly all the business development / sales teams were useless and had to completely rebuild.

Perhaps one of the many offers Angus said he had at multiples of the then share price are still active.

Clearly h2 (when large tech sales are made) seems to have been a complete non event with no, zero, material sales.

Very clear from the fact that Angus agreed the old pipeline was just unqualified rubbish, he shouldn't be chair of the company.