Member Info for skid35

Topped up yesterday just below 240p. This lump as a trade rather than a longer term holding.

I think the P&L is improving with margin expansion / cost savings etc, I dont believe is the key issue. Would be good to have an up to date view on cash / working capital.

The freehold sale or another large deal (or confirmation of an improvement in smaller run rate deals) would push this up.

As seemingly with all AIM stocks at the moment, good news is quickly forgotten.

Indemnifying customers against third part claims of IP infringement is standard in contracts with smaller companies (not that they are worth much), and a patent does add a layer of protection. Of minimal concern if you have a company like ENET which isn't solvent and expect DL to deliver to you.

Key underlying assumption is that yourtech is in massive demand with "no brainer", "instant ROI", "world beating" products as we have seen from ENET since IPO.

Mounties - so turkish barbers and ENET are the same then as escape correctly states - non one is knocking on their doors.

Do you honestly believe if there were any value in ENET they wouldn't just spend a few hundred k and buy it ? There are billions of $ in very specialist tech capital / VCs etc who could have provided capital here - but no takers for a few grand ?

Tom, they just dont have any world class technology - you just have to read the accounts and the history of complete failure to work that out.

Take out the loss making body shopping income, 2025 income from tech will be less than £0.5m all from tech developed pre IPO - even a legal Turkish barber does that turnover.

RCMP,

So the first sentence is already a complete lie, if they are a "technology leader", which they arent, where is any interest ?

As an element of my role I work alongside a patent team on protecting IP, including to spin outs. 98% of patents dont cover their yearly costs, they are not a blocker in closing business - because there isnt any.

They have existing patents, products based on these have sold SFA.

The tech behind this patent is already in non brainer / world beating products which they launched 2 plus years ago and were opening a book for as they would be overwhelmed with demand for and didnt want to disappoint, again sales of SFA.

Just a joke of a company, a joke of a BoD, a con artist as a CEO.

A bank would exclude intangible assets (these should have been impaired a long time ago by the company and forced on them by the auditors as the FCF basis on which they are based is built on sand) and look at fixed assets value on a fire sale rather than going concern basis. They also wouldn't take unaudited management accounts.

Yes I too hope DL had taken out loans to support share issues and left bankrupt, he is very arrogant and delusional but also just a complete liar. Unfortunately that is why there is a board of non execs and a non exec chair to test operations and strategy, clearly none of them qualified to do an effective job.

Ex,

Yes little cash and poor debtors / creditors balance so no immediate cash potential unless they have prepaid royalties from customers seeking to protect themselves after the half year.

I just cant see any bank extending credit to this bunch of muppets with its history without any security. A director providing security, or a loan, would need an RNS.

So a mystery to me.

No bank would provide credit to ENET. They have no overdraft facility, any attempt to pay from the bank account into an overdraft position would be bounced - including payroll / tax etc.

I expect the board haven't been paid for some months, but its not like they have actually done any work in this time (or in the years since IPO).

Good news - key here is what is the expected reorder cycle to determine a yearly revenue take. As I do rattle on about, they should in the position where they have 20 of these running as a portfolio, between them mitigating P&L/Cash forecast risk and providing stability for forward looking business development without the need for cash (from sales of Sbtx) or discounted raises.

The statement in RNSs of market size I don't see as a positive, it really does show very poor performance in a market that is growing where OPTI really hasnt made a dent.

I do think SOH/the FD have a good view of the pipeline from their recent share buys where they are underwater, hopefully the start of a trickle of more regular RNSs though.

Stand corrected.

I have not seen a cmd with retail investors invited. Agree with the sentiments - firstly institutions have a fairly open door to bods anyway, second as you say PIs hold decent chunks in these companies, thirdly I think some PIs have a greater understanding than some / most wet behind the ears city boys with no real business experience - especially those PI s who have worked in tech.

Pcipal no different to any other company in this respect either now or in the past, either UK or US - these are institutional events.

Agree with lucretuis on smart #### fund managers. The funniest is gervais Williams from miton, you would have thought he had the intelligence and track record of Buffett the way he rattles on about the 10% of winners he has.

SOH has done a poor job, but with the loudmouth inadequate TW a bit like getting Truss after Bozo.

Wonder when we would had the anti Israeli conspiracy rubbish come round again - there are some fantastic Israeli companies in the tech space unfortunately ENET isnt one of them.

100% correct, this will rise with some good news, the problem is there hasnt been any good news for years as the company has nothing to offer.

Key issue was the attempted election bribe by Hunt on the second NI cut to salvage some respect after the years of complete corruption and mismanagement. Completely unaffordable at the time as it is now.

The economic mess of Brexit (we've had enough of experts) really coming home to roost, but sovereignty and all that.

Anyway, nice little rise today. Hopefully a rerate to a level Avocet will stop bleating like a stuck record.

Nick. One link I did find is an ex myx non exec is one of harwoods favourite ceos (Niox and now big tech).

Top up this morning.

1. Harwood do far more research than I could ever do, and with a multiplier of my intelligence.

2. Harwood always like a material shareholding 2-4 x what they currently have in myx to have a degree of influence / control so need a few further purchases in a thinly traded stock. The current mycelx share cap is also well, well under their usual market cap of companies they go for. I assume it will be quite difficult to acquire the % they need without an upward drift in share price.

SL.

So what is it, at the current share price, that makes ENET An investment - let alone what anyone bought it for.

I would never have thought mycelx would have been on harwoods radar, doesn't seem their type.

But fantastic news, Harwood do very deep research and are very targeted. I hope they have end user knowledge of contracts.

They take material stakes.over the % they have here, expect a few more buy a to take their % above 5%.