Member Info for skid35

The issue was that DL, in all his arrogance and delusion, just thought the warrants would be exercised without any positive news and he would be funded until the end of the year - taking home 5 days pay for 1 days work.

DL will not be able to get capital elsewhere for ENET, as an individual he is not investable. DL, through his own arrogance and delusion, has already lost quite a bit himself but not recently - doubt he backs himself further. The IP is essentially worthless.

ITS,

There is no component supply here. The customer pays a licence fee based on volume (100% margin), in addition they pay for amendments to code (incorrect accounting treatment here not splitting out the R&D cost). The customer will be protected by escrow agreements and the licence agreement will be evergreen. It is old pre IPO tech and not really advanced.

However, as with Tarana, you really dont want to be reliant on DL to clean your toilets let alone be an element in your hardware / software stack.

Just remembering the average week of an EMEA RVP where I have worked - probably around 60-70 hours. When they are on leave they are available night and day, and are usually working 2-3 hours.

So we have a CEO who is so busy he can fit a week into a day? the issue is this is all he has worked in an average week for about 2 years on an already ridiculous salary - most of that on funding rather than anything business focussed.

With the drop today I am sure this will force Nvidias, maybe spaceX, to make a bid.

Anyone thinking I'll have a little punt down there, DL and the BoD are just laughing.

FS, unfortunately everything SOH writes / says is now just discounted 100%, unfortunately it is deserved.

With his track record of stating something is happening / will happen repeatedly over many years, and then zero execution, he just has zero credibility.

FCA really should step in here, clear for many years that every RNS has had zero basis in fact.

The brokers and nomads here should receive very heavy corporate and personal fines.

So, they have had no professional sales person for over a year (who built a pipeline in the $10s of millions on his linkedin), a book keeper CFO (as they always have had) and now a 20% CEO.

Pmason.

Read some rubbish over the years on this board, that one is amongst them.

No, the warrants are not transferred in those circumstances, "technically" or by any other view. The warrants are still unexercised.

That's not what transferable means.

ENET rnss are always false and deliberately misleading.

Just a continuation that anything SOH says or OPTI issues in a nomad / broker approved communication simply has zero, absolutely zero, credibility.

Working capital is required to support the working capital cycle of building stocks, waiting for debtors to be paid - working capital requirements are not to pay for losses for inflated board fees and a lack of material sales.

SOH and the Chair really havent a clue how to execute, year after year after year after year.

Bazza, seems clear with the note on restatement the royalty accrual was not backed with any contractual justification. If so I can only see that records and correspondence from a customer was altered, or there was an undisclosed side agreement. If someone is prepared to do this I find they are always "lax" with other controls such as expense claims, it also then sets the overall governance and integrity of an organisation.

1. Ashman should be banned from being a director of any company even a sweet shop, he is unemployable anyway.

2. The auditing firm and the partner need censure and heavy corporate and personal fines.

3. Non execs present at the time need firing.

4. The role of the current CFO in the saga needs questioning.

Aquae - at about the same price SOH and the CFO were buying. Hopefully SOH knows something the market doesn't (and then doesn't completley over estimate what he has), but we've said that far, far too many times before.

On Sweet, they need a partner for volume and also to confirm that OPTI has in sweet has value rather than own brand / own store.

Haven’t listened yet

Nice to see a couple of posters here I respect.

Not a holder, just on my watchlist and might dip a toe in. Already have a large long term holding in rtw (and arix before that), interesting to look at what's happened there as it was completely unloved and now on a tear.

Hi Aquae, unfortunately SOH doesn't have a great track record of understanding partners business decision making criteria, internal approval, development, timetables etc. Realise it is out of OPTIs control, but that's why they should have had a portfolio across products, direct / indirect, geographies, customers, sales cycles etc to make forecasts a little less of a lottery.

Just hope he doesn't say "knock it out thepark"

Avocet, no they are not.

On patents. As I've said before 1. just a small % pf patents generate income, of those that generate income a proportion do not cover the initial and ongoing patent costs 2. Just look to see how any patents a company such as nokia, ericsson, cisco have been granted and in process vs a couple on ENET 3. I am sure ENET can compete with the world leading companies with thousands of developers / researchers and $bns in R&D.

You'll soon realise DL is just a joke of an individual in a few months.

Pmason.

With 35 years in tech financial manageemnt , mainly software, now in commercialisation of advanced tech that's really not the case. It's not as simplistic as the dragons den.

Remember DL shouting about his other patent that would be needed by every telco, completely worthless.

As others have noted with Ensilica repeat design wins month after month, if you actually have valuable IP and tech the market needs in this space it really does sell.

ENET unfortunately just have nothing of any value, just a scheme to keep DL and the BoD in a reasonable lifestyle for doing absolutely nothing.

JPJPJP

As you say the devil is in the detail.

Firstly it doesnt say PLC has traded profitably, just the main trading subsid so excludes the main BoD costs, audit costs etc.

I do think David has had a plan and seems to be executing after the years Angus sat playing with himself in a corner strategised rather than doing anything, it is easy to just cut costs though especially expensive sales who dont actually sell. They do need some new logos, very highly levered on an essentially fixed cost base.