Member Info for skid35

Cheers crumbs, appeared later in the day.

Darien, a good listen this week on the moneymakers podcast is Jim Mellon talking about quantum computing.

Marcali.

ASIC, no a vendor isn't in advanced talks - where did you see this ? "Promising progress" in ENET terms means some junior developer has said they would ring back out of politeness. After the flurry interesting ASIC has now taken a back seat in the last few RNSs and will probably disappear soon, rinse and repeat with a new strategy.

PON functionality in a PLANNED product, so a product ENET is developing (and forgetting every post IPO product which hasnt sold) is a near term opportunity ?

US aero, this really doesnt cover even a small element of costs / cash.

Funding - thought everyone here said now it was out of TSP this wasnt an issue ?

According to Andre Fuetsch, CTO and president of AT&T Labs, the white box equipment will use open hardware designs, enabling companies such as Ethernity Networks to build equipment that matches AT&T’s specifications.

Where are the quotation marks here ? The "enabling companies such as Ethernity" is not from AF / AT&T, it just DL adding his own deluded rubbish in a misleading way.

The desperation now of some posters to dig out rubbish from years ago, or legacy as B-Positive would say, is just funny.

Can we start the ENET are a takeover target of Nvidia again, that was funny.

Lesh8. If you don’t understand it don’t just make stuff up. ENET does not build anything for AT&T, 100% fabrication.

Lesh.

You just cant make this stuff up on this board. 1) Telling us with great authority what an OEM is but calling it an OME 2) AT&T isn't an OEM, it is a service provider and they are not chomping at the bit with pen ready, or even talking to them. The best is the clapping from the trained seals here.

B positive.

Lets bring the legacy up to date. I could pick any RNS of post IPO products and see what's actually happened. Good news on the one below is ENET should have the significantly higher revenues in 2025 about now, oh wait............

March 2024 "Based on the scopes of work being discussed with these potential new customers, should they lead to contracts, they could contribute between $2.2 million and $3 million to the Company's revenues in 2024. Given the commitment of each customer to adopt the products, this would likely lead to significantly higher revenues in 2025 and beyond".

Heard it all before time after time after time after time, even when they pretended to have contracts they didnt even deliver initial volumes. All lost, cancelled and now scrabbling around for orders of $300k in six months to attempt to cover a small % of costs. So we are now lead to believe customers are fighting to sign contracts with a company that is again back down to cents in the bank with a history of total failure.

"In particular, opportunities for growth exist as follows:

· Indian OEM contract (February 2021): delivery of 800 units at about $1.5m (including licensing fee). Based on customer plans following the initial commitment, the contract is anticipated to generate an ongoing business of between 5K to 10k units per annum.

· UEP solution for wireless bonding contract (July 2021): $930,000 for 1,000 UEP-60 units. Based on customer plans following the initial commitment, orders are anticipated to grow to 4k to 6k units per annum; additional revenue growth anticipated from other customers in the same market.

· $3m FPGA PON contract (October 2021): following the initial order commitment of $3m for Combo PON OLT FPGA SoC for 2022 and 2023 under the contract, the FPGA PON OLT business is anticipated to generate further annual revenue of $3m from H2 2023, excluding other new PON customers with whom the Company is in discussions.

· Over and above the signed contract in October 2021, legacy FPGA SoC business is anticipated to produce further growth, driven by the significant deployment of Ethernity's fixed wireless system solution provider.

· With progress in OpenRAN business, Ethernity's vRouter offload for 5G DU business is well positioned to support the expected growth.

ENET are not even in the first stages of developing opportunities, let alone signing a contract. These wouldnt even be at a stage that I would look at in a pipeline review.

Its the customer who decides when a deal gets signed, not the supplier. The ridiculous RNS a while ago that ENET will "choose" an OEM to work with from a long list of suitors is just fanciful, DL as deluded and arrogant as ever.

Marcali.

Perhaps is you show a little, or any, understanding here it might help. And know a rocket ship emoji doesn’t count as logical thought.

Newuncle,

Dear me. Probably best look up IFRS 15 and notes to ENETs prior accounts, most of this is last years revenue. The number of posters here backing DL without a clue about the business basics, let alone anything ENET related.

The financial genius of b-positive thinking the $1.05m will be revenue this year. You just can’t make this stuff up.

No. He co founded Broadlight and left after two years - either the other founders kicked him out or external funders wanted him out as part of a funding deal to get professionals in. Ten years (ten years when he had nothing to do with its development, a lifetime in the tech world) after that it was sold, nothing to do with DL.

Lets run through this

- Firstly its now not current trading. So half way through the year and one, yes one, order for $290k. With that out the way by now zero backlog, a lot of thumb twiddling at ENET HQ.

- Cash straight back out the door x 3. Now at the stage of needing (yet another) raise to keep DL in his $20k a month.

- No numbers ? Currently immaterial (in a year about a months costs) and expect a royalty per unit in single figures here.

- Angacom conference - just pure fluff.

- Very little difference from being in TSP to their current position - they are still broke

- ASIC even if this were even vaguely true (which it isnt), about 12-24 months from revenue.

Currently I value a number of early stage companies every year for audit purposes. Based on all the methodologies (you can dismiss forward revenue / earnings multiples from ENET as they have zero credibility) ENET is way overvalued currently.

If you RNS that the annual report is available on the website, best actually put this on the website.

Amateurish stuff.

So that's it, talking to a few people at a conference ? I think we've seen this multiple times from ENET, at least this time they weren't a silver sponsor coughing up $$$ in return for coming second for an award.

ENET really shouldn't be a listed company, DL and the rest of the board should be no where near a listed company. 100% transparent the products have no traction in the market, 100% transparent it has no money to further develop products which again will have no traction in the market.

Newuncle.

I attended a couple of PI events (one face to face in London and one zoom) some years ago now. This was when the share price was in multiple double figures, they had Miton as a cornerstone investor adding on each funding round, revenue forecast to be $10m that year and cashflow positive etc. Always difficult to appraise as it was his second language and he is more tech than sales, so not the super slick I have had in my career from CFOs/ CEOs of Major US companies in kickoffs / townhalls etc.

I did take very detailed notes of both meeting which I emailed to fellow PIs at the meeting as a record of what was said. Some of it was just outright lies ("we are working with Cisco and Juniper" / the 10k PA from the Indian OEM is in the bag, the chinese deal is just a start) but most, from hindsight, was just delusional and arrogant ("We know more than anyone about telecoms"). I know some of those PIs went to AGMs, the one that they told me about was when they had to explain the funding arrangements that the ex CFO had done and then the old poster here (Dallo, David Allen) having to take over the AGM as the chair didnt know how to run it.

Would advise anyone in ENET to look at business updates / annual reports for failed products / contracts from 12-36 months ago and what has achieved been achieved. Look at the wording of these to the wording of updates on ASICs.

Santiago - a days leave today.

You have posted nearly 20 times today already so probably not the best person to comment.

Twib, honestly good luck with your holding here and getting your TR1 in.

Hold similar absolute £ amounts in a few small caps and a lot more in individual investment trusts.

Newuncle,

Nothing has really changed this morning. Now zero backlog, zero orders, cash for a number of weeks - and a very slim pipeline "early discussions" (for DL read that as saying hello to someone 5 years ago).

RNSs required initially to at least extend the cash runway in cash for weeks into double figures.