Member Info for skid35

You don't just one day decide to replace !!

Correct, a decision may have been taken when they were in TSP last year and planned through this year. As a VP Purchasing to simply dont want companies with ENETs profile providing ongoing product / enhancements on your books.

Very, very simple for ENET to clear up any confusion with a simple RNS, yet they have chosen to um and ah.

Mickey - really surprised at your closed mind in binning anyone with a slightly opposing view to you.

Current position is 1. The recent ENET raise might just take them to the end of the month inc / exc payroll 2. They might have some cash coming in on milestones on the mid year deal 3. Year end royalty reporting / invoicing would be paid Feb/Mar 4. They have no cash for working capital, and no cash for the final TSP settlement 5. They used their two aces (probably selling future income streams) in the TSP.

The ratio now of market cap to monthly outgoings makes cash raises highly dilutive, with the amount they can raise getting smaller and smaller and smaller to become essentially a week or twos outgoings.

So there is a reliance on a mega deal being signed off by a company (for both ENETs costs and their own costs which are probably 2x), I cant imagine being an executive in a company signing this off. From the last RNS DL made it sound like a beauty parade with ENET choosing one company from a list of potential suitors, unfortunately based on DLs history this is delusional.

I did think CNS was getting well ahead of events above 25 (should have sold and bought back).

Hopefully a pre Xmas trading update with strong order and ARR growth, and an update on the Akamei deal progress - which will then form a base of c 25.

Bought in at 40p, not my usual standard of timing the market !

Small, immaterial holdings where IPO clearly is not the lead / influential shareholder. Does appear to be more focus this year on share price return and narrowing discount.

Key factor here is that it does provide support for the valuation methodology in selling these holdings at carrying value.

Last night I wrote the the chairman on the poor business performance and even worse share price performance. There really does seem to be very little in the way of performance catalysts in the near term to really get out of 1st gear.

I posted ensilica up as being (roughly) in the same sector but light years away from Enet in terms of management and board competence, ability to execute, value of IP etc etc.

Mickey,

You really do need to really read at the RNSs.

If it ever, ever occurs from the "engagement" it will be one ASIC deal.

All those that want to see what a company with valuable IP that customers want see the ensilica rns today, and ones through the year

Oleric.

Key for any existing or potential investor is to judge O'Hara on what he actually does, not what he says he will do or strategies / theorises about.

Sd.

Call it ridiculous then.

Dig9 was a group of bankers with no experience buying over priced assets at the top of the market.

You're correct the market is appearing to misprice the lot - topped up at 50p which is not like my usual.poor timing. Earlier in the year on the back of dig9 bought cordiant.

Topped up vh today.

Mickey. How is this even vaguely back on track ?

Disaster of a business update, another cash raise showing they are living off scraps, tarana moving elsewhere as ENET can't fulfill, no progress on deals....

Lotm.

Both you and me have always been factual here, posting easily disproved rubbish time and time again is quite lamentable from the same names day after day.

Magna, it's so small as that is all they have the authority to allot - not because they don't need more.

Deeply desperate placing, within their allotted share volume.

This is about 10 days cash.

Interesting that, after repeated emails, DL responded to a.communication through a different route but not copying others in - amazing he hasn't learnt anything.

A comparison to digi9 is just stupid and not a "similar situation"

So you and others are allowed to post at weekends, anyone with a factual perspective isnt.

Just realised, I had bought this in my wife's isa.

Dunk.

Yes massive tech talent in israel, it doesn't reside in enet. If your a techie in israel you really don't want ENET on your cv.

No funding has not been impacted, business as usual for ENET isn't a recommendation with a company losing 99.9% of its value from float at 140p.

Wondered what the spike was with now RNSs.

In my view ST has the same standing as any investor, he has got some right but continued to ramp some real dogs.

Still on my wathclist this one, I dont own.

Added today, looking to add more to VH tomorrow.

A lot of rubbish spoke about the move away from renewables. The demand for electricity from users wanting renewables (what the daily mail would call the "woke" californian lot) is not going away, it cannot be replaced by fossil fuels.

The biggest threat from trump is his stupid economics which will keep inflation and the discount rate high.