Member Info for skid35

Remember the con artist Reichenberg when he put through the US listing originally stating they had a massive demand from the US investment community for ENET, as usual with ENET turned out to be zero.

Halfmov, you're now at the top of my posters list for just not having a clue what you're talking about - and there's some serious competition here.

Companies that have a management team that has executed operationally against a strategy in the past are those that execute operationally against a strategy in the future. Poor management teams and poor companies tend to continue to be poor management teams and poor companies.

Twib, I hope you are correct, but history says not.

ENET have always, always failed to understand which sales stage they are at and the exact steps and actions required to close a deal and in what timeframe - remember Ilan giving out confident number of 2024 NRE on proactive early last year but just look back through RNSs littered with claims that they are almost there. If they had world leading IP that a company is desperate to licence, that company would want total control of both the IP and development and wouldn't leave it to DL and would just buy ENET .

Second issue is the monthly cash bleed in the meantime as a deal giving ENET $ is not close, existing holders - as they have been for 5 years - just pay a massive price for dilution if they can get funds with zero backlog and very little closable pipeline. If all the rampers on here are 100% correct, the only sensible way I can see for a deal to occur from a customer perspective would be a customer majority owned JV with a licence prepay to ENET.

Worth looking at the RNS last year of were ENET though they were in a sales cycle, to what they say actually happens in these deals

March 2024 "Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, generating approximately $2.2- $3 million in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established business."

June 2025 "while another opportunity, centered around licensing discussions and FPGA SoC procurement, did not materialize due to the customer's preference to acquire a complete end-product from Ethernity under a resale model, which did not align with the Company's business strategy"

So a customer doesn't want to pay for the development costs of a product ENET will have the IP for, no $$$$ Sherlock ?

Not sure you will read a worse annual report than this one anywhere on AIM this year.

Highlights are the two main complete buffoons working at ENET got paid $341k and $280k, they are no mugs in some respects.

Lovely long weekend and back to the dross.

Mickey - can you point to this requirement.

https://docs.londonstockexchange.com/sites/default/files/documents/AIM%20Rules%20for%20Companies%20%2801012021%29_1.pdf

https://docs.londonstockexchange.com/sites/default/files/documents/AIM%20Rules%20for%20Nominated%20Advisers%20%2801012021%29.pdf

How did they get away with this a year ago ?

"Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, generating approximately $2.2- $3 million in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established business."

The RNSs don’t state otherwise.

To determine the cash position you need opening, outflows and inflows. You have part of one of these from the RNSs, and warrants don’t count as inflows.

Every post shows you haven’t a clue. ENET are down to pennies again with outflows of $300k a month.

There is such rubbish posted here, apparently still be swallowed as new posters such as yourself (and seemingly investors putting their hard earned money in) always come on here (but usually recycled after loosing money after 6 months).

Without real facts and understanding you would have 500 uninterrupted posts from b positive talking complete garbage and lies.

ENET should not be a listed company, all of the directors should be barred from uk company directorships and the city enablers fined.

As usual

- Debt free is irrelevant for valuation, next raise due very shortly diluting existing holders and trashing the share price further.

- the vast majority has gone straight out the door together with cash received on revenue recognised last year - tiny revenue in the current year to date

- "awaiting rns" - no its not up to the company

- royalty payments are tiny (less than one months costs), deliberately from ENET no values here so will be minimal and immaterial

- No its not a renewal, it small loss making engineering business. I'll ask in a few days here when the renewal should have happened

- Having a coffee at a conference is not contracts underway, in terms of sales stage on a CRM this wouldnt even register

- wildcards ? if the current pipeline consists of having coffee I dont know what else there could be beneath this sales pipeline level

Marscali, you seem happy with rubbish being posted every half hour, as a company that should not be listed I am perfectly allowed to provide facts to counter this rubbish. There are no "pluses" to ENET as a company.

City, after all the talk about a massive pipeline very clear they didn't close any new customers of a material amount, and very late.to change personnel. Hope the new CEO is a closer.

ExMS, concluded he is just a complete and total buffoon.

The best one from his new list of complete garbage (which will probably go out every 30 mins) is "+Another $1,000,000 due from warrants - awaiting RNS"

B_positive.

In a couple of days ENET will be in the position of having one new contract in the last year for a total value of less than $300k - what a joke of a companyu and what a joke of a BoD. I don't think that would put it in the top 1000 suppliers for a tier 1 aero company, the company supplying them with loo rolls gets more.

Anyway that wont happen as you think there is a "renewal" due in the next two days from your vast understanding of tech contracts and business.

ENET is now being run purely as a monthly payment vehicle for the directors.

· The Company is in discussions regarding the licensing of its PON technology with other potential vendors.

The PON technology business model will be converted into a licensing model that will position the Company to generate 100% gross margin on the licensing revenues and, together with the cost reductions being implemented within the development area, it is anticipated to reduce resource costs by 35%. Once these plans are implemented, the Company anticipates it will be sufficiently funded to allow it to generate further growth business for the UEP 2025

While the majority of the ongoing discussions with OEMs for Ethernity's UEP are in the field of support for wireless link bonding, certain potential opportunities are targeting general purpose Carrier Ethernet Switch appliances, which include other unique monitoring and AI differentiated networking functions.025 with link bonding.

The Company is targeting the achievement of positive cash flow generation from operations during the second half of 2023 by continuing to fulfill customers' orders and from anticipated revenue from new contracts, in combination with a reduction in expenses. The Company anticipates that revenue growth will be achieved as a result of the modified business model which focuses on the licensing of data processing, passive optical network ("PON") and software technology.

The combination of this model of delivering our solution on FPGA for unique and customized platform or an eASIC offering for larger volume markets, should allow the Company to generate cash with higher profit margins, and position the Company as a semiconductor and software provider, offering customized semiconductor solution ported on FPGA/eASIC based devices or a complete system for the telecom access market that will utilize the Company's intellectual property and software framework, to secure the future growth of the Company focusing on its strengths.

David Levi, CEO, commented: "Ethernity continues to progress its current strategy. At the time of the Company's previous fund raise in January of this year, we were still developing the technology for the new products, being the UEP with support for wireless link bonding, the XGSPON fiber controller technology subject to our $3 million contract signed at the end of 2021 and were at the initial stages of design of the Fiber-To-The-Room ("FTTR") PON devices for our $4.6 million contract as announced in September 2022. Subsequently, we have completed the release of the UEP link bonding system product, XGSPON FPGA code development, and the FTTR FPGA code development, therefore, I believe we have significantly de-risked the investment case as there is a clear line to the target revenues for this year as well as significant further growth potential for 2024 as customer deployments in the latter half of the year move to annualised deployments in 2024. The Placing contributes to the Company being financially positioned for the current requirements and contributes towards the anticipated mass deployment growth on existing contracts, as well as to capitalise on new opportunities."

· UEP - the Company has completed a release of the first version of the UEP link bonding product as announced on 20 March 2023;

· XGSPON - as announced on 6 March 2023, the XGSPON is complete and the Company has commenced shipment of its ENET5200 Quad XGS-PON System-on-chip (SoC) controller device to the customer in line with the contract terms. Further to this, the Company is in engagement and testing with potential substantial new customers; and

· FTTR controller technology development has been completed and is going out for testing with our customer and their customer in the coming weeks.

The Passive Optical Networking (PON) products, including XGS-PON Optical Line Termination (OLT) and Fibre-to-the Room (FTTR), were successfully factory tested, and the Company is progressing with the existing customer on deployment. The Company is engaged in further testing and discussions with other major OEMs for its PON fibre controller devices and PON systems over and above the current signed contracts. As a result, the Company will continue to target sales of licensing fees for its PON fibre controller System-on-Chip (SoC) and sales of its PON fibre controller OLT system in various configurations.

· First release of the UEP bonding product provided to our existing Bonding OEM customer, with the customer planning to commence field trials during Q3 2023 and initiate deployment during Q4 2023, followed by mass deployment during 2024.

Even if we pretend ENET had any product or solution that would remotely interest Nvidia, as I said Nvidia doesnt provide the service.

Halfmov - how would it save Nvidia money, Nvidia doesn’t provide the service ?

Yeah, because telecoms equipment companies with a combined 100s of $bns don’t look at power consumption as part of the competitive ROI for their customers.

Yeah Huawei with its 150,000 patents and $22bn in R&D per annum will definitely need ENET. What a joke.

Incredible, just incredible just how little B_Positive knows about anything.

It was a one off contract for engineering, with a tail on royalty volume (the split is very heavily weighted to engineering which is not a tech business model). THERE IS NO RENEWAL, it isnt SaaS or an annual maintenance contract.

There are no PON contracts, there are no ASIC contracts for products that dont even exist.