Member Info for skid35

Follow a couple of very similar sized software / saas companies in ActiveOps and Celebrus, like CNS growing with good cash balances.

Both have sold off in a very similar way - all have Herald on the register.

Did think this was toppy, but 17 seems low ?

Santa,

The share price reflects the fact that ENET has, apart from royalties, absolute zero business backlog. It has no cash, NT being out is neither here nor there.

Probably best go back a year or two and look at all the expectations made by DL over the years which have proven to be deluded rubbish and all the failed contracts.

Macro factors such as the middle east peace process hasn't affected ENET, the issues are company specific.

Alamo. ARM is in a completely different sector, but why not chuck out names - I've heard Nvidia and Space X.

ENSI wouldnt touch ENET with a bargepole, they have too much on their hands with business they have won, unlike ENET.

A strategic partnership is not a JV.

Nvidia has thousands of strategic partnerships.

There is nothing holding it back ?

Apart from backlog, contracts and revenue.

140p IPO price to .13p is a lower % than .13p to zero.

On research, apart from restating an rns what is your research.

Hamilton,

Where is the cash coming from for monthly expenses, the final payment and any working capital (should ENET actually sign a contract of a material size) ?

Won't get anywhere near 0.2 tomorrow.

Hamilton, the recent placing was to keep the lights on for about 10 days. Zero business and backlog now, probably some small royalties for the reporting at the end of december. All time lows justifiably represent this position.

DL buying doesnt signal anything, apart from continue his streak of being wrong at every turn.

Say this as a finance professional, the last thing thru need is an fd as CEO.

They need a tech savvy marketing / sales CEO, assume no one wanted the role?

This was tipped I. One of Paul hills vox market podcasts by a fund manager as his one share top for 25.

The packaging of the Clyde built gin is about 1000% better than blackwoods.

The need to get the core business of gin, rum, vodka moving - it has been going backwards at a rate of knots for 2-3 years - as I've said really haven't a clue whether anyone is turning up for work ?

The other issue is partners, in order to put business development and investment effort in they need to show a quick return. Partners soon very easily change direction where they can get the quickest roi.

really need a year end update from the company rather than generic write ups with zero, absolutely zero insight or detail.

key is cash. they thought the "knock it out the park" deals with front end cash would see them through, but angus a bit to ****y to follow up rhetoric with execution.

Come to the conclusion you are all completely mad that this is the end and it's all great from now on.

ENET are skint, no tarana, small royalties and zero backlog.

Can you provide details of where the cash is coming from, how much they need and how much existing holders will get shafted (yet again)?

The asset is the asset.

An increase in its value is an accounting exercise and nothing really to do with he distil team whose 100% focus should be on a cash flow positive / neutral (with working capital requirements) business.

Really surprised to find out they still had a marketing director, thought they had left as the company has gone backwards. What are they doing all day apart from costing 10% of the turnover ?

A full time finance director ? I could do that role in about half a day a week (something I do with a much larger and more complex company as an element of my role)

If you are given options in the current year at 5.9p over 750k shares why take the risk ?

With his salary (and he loves in virtually the cheapest part of the country) his disposable income Must be vast.

Must say the chair has bought quite a lot.

ETH.

Standard, even where a customer is paying, is that the developer retains the IP which is confirmed by the expectation of income in five years time.

This RNS, as with the recent tarana one, does not pass the basic sniff test and shouldn't have been out out with such a low probability of a contract.

If there is value in what ENET is proposing the customer will want control, why spend $15-$17m including sink ENET costs when you could buy the company and offer buyouts to key personnel. No way would you allow DL and the board control.

All the rampers need to go back through the RNSs on uep related IP and see how many tests, evaluations there have been.

As I've said in the past, I have worked in USe tech companies buying an add in company at least once a month, many pre revenue. If there were value in ENET IP I think it would have been bought out, even £10m is absolute peanuts to the billions in tech cos balance sheets.

Nice mention of dpp - paul hill with crux richard penny.

Spectra. They have always had varying working capital and stocks of 18 months cost of sales, probably my the worst working capital management I have ever seen.

Even growing stock levels of 3-6 months is more than sufficient.