Member Info for skid35

B positive.

ENET had a market cap between £10-£100m with no material revenue (but admittedly the repeated confirmation of annual 10k units from their Indian oem, millions from Chinese deals and tarana), but with c 5% of the current shares in issue.

There simply is no whopper contract.

When is the fca going to grow some balls and look at these trades and jail people?

Letitrun.

An email to the OPTI IR mailbox (reply from their IR PR) stating using TW as a conduit for investor communication is a mistake due to his very poor reputation "...from your view as a professional PR company you must have provided advice against this ?"

As I had posted before an official OPTI IR communication to me on the 17th Feb "Stephen does not communicate with Tom Winnifrith or Elric Langton as I have previously said so if they have said this then this is a false statement".

Tend to believe TW / EL 99.9% rather than SOH here.

TW is just a pathetic little man who appears to have serious mummy issues, but OPTI and SOH unfortunately have zero, absolutely zero credibility / integrity here. I have been very fortunate to have worked with incredible individuals in world leading companies, integrity was part of their DNA.

Just checking in and 55 posts.

The usual half hourly restatement of lies from Bpositive mixed with the usual "an RNS is about to land" rubbish forgetting they said it last week, last month, last year. I think LearningG nails it with a list of products all described as "no brainer / immediate ROI" products from DL which have sold precisely zero, most others just excitement on tiny moves.

Best remember 1) a company goes to the low hanging fruit of easy sales first, after zero traction here for a decade we are now near the top of a giant Sequoia with ASIC (after DU router, FTTH, PON....) 2) the world beating tech assumed in here is based on the world beating tech in their other products which sold zero 3) the sum of year to date orders is below $300k 4) they have no money

Marcali - so you whole investment thesis is I saw somewhere a forecast this would be 66p, oh wait or 0.5p. With cash for a few weeks there has to be more than that.

Aiminvesting - very much Ive got a girlfriend but she goes to a different school vibes. 99.95% plus down from float, no backlog, cash for a few weeks, a history of cancelled contracts, 10s of millions on product development that no one is interested in - not many in this category.

M.

The problem is those in 1 fail to provide any coherent analysis on their rationale for holding this share.

Those in 2 point to the complete failure of the company, and the fact that RNSs from ENET tend to be works of fiction.

When facts are pointed out, just simple stuff like ENET has a history of failed contracts / it has no money etc we get bumbled garbage from the likes of b-positive every 30mins.

ENET should not be a listed company providing the CEO with a vast salary and a board who just want to £2/3k a month cheque hitting the doormat.

"I'm not one for quoting this and that" having quoted this and that with zero backing.

RCMP. As usual no response with any thoughts or real understanding - so what do you think their cash runway is ?

Marcali. There are no price targets for ENET, and please don’t quote simplywallst or other garbage. What as the good recent contract against $1.5m of year to date costs, must have missed that one.

If ENET had any real value in its assets it would have received an offer while in TSP.

I remember DL and MR touting their wares round the city when values in the 10s of millions, and getting angry that no one could see the promised land (apart from vela who bought 50k and sold half the next day).

Don’t you think tech focused private equity, venture capital haven’t looked at this since float at 140p?

Ahem.

How many times. DL was a co-founder (not the founder) and was there two years. in the next ten years when the business developed to what it was he had nothing to do with it or its sale.

You should be on the comedy circuit "research and understanding of the sector", brilliant stuff.

Should be clear to all the numpties out there that there never were contracts awaiting to be signed once the TSP was out the way.

ENET probably has a cash runway, being generous, of less than two payruns - so what are the scraps from what contracts do the rampers here expect ?

Anyone who thinks an ASIC deal is near (or ever with ENETs history) needs their head testing, it is clear that ENET supposing the value to a customer of the IP on an ASIC is just fanciful and means they are not even at discussion stages. No company exec is going to risk their reputation by championing ENET in their organisation, career suicide.

We could do with B-Positive back doing their copy and paste of brilliant insight again.

The problem is that you then have to believe what SOH is saying on progress on products / markets / customers when he has very little/ zero integrity / honesty elsewhere.

Monday, just wait till Monday, forgot what I said last Friday / the Friday before that / the Friday before that......

The company has not been held back by being in the TSP, compared to its current position of a cash runway of a few weeks.

It has been "held back" by 1. overspending millions of products that, according to the market, are not worth buying 2. a massive cost base including the turnover on board fees and costs 3. a BoD happy to see their money rolling in month after month 4. no decent sales people 5. A deluded and arrogant CEO who is completely out of his depth 6. Always believing, without any planning or execution or understnding customer decision making, the deal is just around the corner - we just need another fund raise.....

Yeah, ENET RNSs very believable. Why believe them now for x times the shiny new opportunities.

June 2023 "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"

April 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"

Sept 2023 "In parallel to the Company's existing FPGA business and the progress with existing customers, the Company is in discussions to expand its UEP-2025 link bonding offering with potential new OEM customers"

and on and on and on with every business update, rns and annual report

Latino, we had this from B-Positive who only counted cash inflows. Where does the money come from for the ongoing $300k per month running costs, certainly not customers ?

Mickey. its about DL hanging in for another pay check, forget strategy.

1. Its not "legacy debt", its because of financial / commercial incompetence when they paid in advance for kit for the $8m plus chinese order and didnt get paid. They are still uncreditworthy as a partner or customer.

2. ENET has never used words carefully, in recent RNSs from the Tarana orders throughout the whole of H224 to the the debts will be paid Q125. Having reviewed a tech pipeline every week (but with 1000s of opportunities, £bn of $) I can assure you progress means they are no where near a deal, and we've seen trials/ progress etc a million times from DL.

3. Yep, had that before with FFTH, server DU, private 5g etc etc etc all flopped and canned.

4. Who would trust DL and ENET here with $ms of $$ and their own reputation ?

5. If the underlying tech is poor and doesnt sell for 5 years, enabling it elsewhere doesnt change that.

In summary. Still skint with a few weeks cash in the bank, no cash for working capital, non cash for their "share" of ASIC development. Post IPO Products from a company with a track record of not delivering. Probably the worst management team and BoD on AIM.

In the ten years after DL left Broadlight became a successful company, not the two years he was there - he appears to be the Andrew Ridgely not George Michael.

Worked for a number of US tech companies who buy 10-20 bolt on acquisitions - if they see something small they just buy it for a massive revenue multiple. There have been so many trials / evaluations of f ENET kit surely someone would have picked it up for a song if the tech was any good (or “game changer”, “no brainer”, “transformational” as DL calls it).

Every tech company has a ventures arm, but the brightest of the bright in Silicon Valley / Israel won’t touch ENET with a few hundred k, absolute chicken feed for these people?