Member Info for skid35

As usual this just doesnt add up, and doesnt pass the basic sniff test.

1. Standard field deployment is all product on same release / update, massive cost reduction / technical simplicity 2. ENET knew about their RNS on "orders through H2" was incorrect months ago and failed to inform the market, probably a few week before CFO resignation 3. The silence from Allenby coverage on 12 Nov is evidence they knew 3. Xilinx increased chip prices 10%/20% a few weeks ago, but this is the same for all and doesnt put ENET at a disadvantage and is industry knowledge 4. A 20% increase at 70% margin is a 6% increase, so could easily be swallowed in the "target price" 5. Key EITHER TARANA NEED TO UNITS OR THEY DONT. They are no going to stop ship for a reduced product margin with substantial high margin down the chain ongoing AAS revenues- if they are IPOing they need to show sales growth is not slowing and need to grab the market while the opportunity is still there 6. Absolutely no mention of second generation product development....hmmmm.

Despite the very,very high reengineering cost to Tarana, I just think they may have shown ENET the door due to unacceptable supplier risk and inability to deliver. An RNS in accordance with LSE rules would help clarify. I cant believe PATT may have been correct on this one.

So if this is what their long standing and largest customer thinks of ENET, originally contracting when they were solvent, I'm sure someone would want to bung them multi millions of $ to develop an ASIC ?

I think the telco dartboard in DLs office must have a lot of holes, we've had the FTTH, FTTR, PON (where's Julie by the way), UEP of various guises through the years - all no brainer products / instant ROI / at the finish line and all providing zero market traction, and now ASICS.

Anyone looking at this RNS and thinking DL will deliver, can I please have your dealers phone number.

Mickey.

Why reported Fred, he is being offensive in anyway ?

All those thinking this is a great rns need to look at what they thought yesterday and what they think today.

1. Tarana. So the orders through H2 was false and the company with held information from the market, with the broker complicit in the silence in the initiation of coverage. Yesterday the belief was that this was the only reliable, high margin, near term income stream to keep them afloat.

2. Tier 1. Any RNS with DL at the bottom with "interest" / "customer tests" can be taken with a pinch of salt. There clearly has been no real progress here through the stages of the pipeline when it was believed yesterday there was.

Key issue now is cash. Year end royalty reporting and income and the milestones from the mid year contract - cupboard is bare.

Terrible, terrible update. But no surprise from DL with the usual interest.

No idea where cash is coming from in the short / medium term.

I don't think they are providing an honest update on tarana.

I think things were at a standstill while he was there!

With thanksgiving I think November (like October, sept, aug, July) is a write off for orders through the whole of h2.

With ENETs history how can any broker, with their professional duty of care under aim rules for nominated advisors, ever put their companies name to an Enet rns.

So enet now have one short month in december to contract, recognise income and collect cash.

A few of the benefit of the doubt glass half full must recognise DL is not a trustworthy individual by now?

While the deal provides more visibility and contracted backlog, I would guess it adds 2% to ARR.

Still amazed that despite the move from perpetual to saas so many decisions are made at the end of the year, as they don’t eat up unused budgets.

Silver, I’m not really sure that’s the argument you think it is.

As one of the great orbital songs looped “even a stopped clock tells the right time twice a day”…..hopefully

ETH.

It is really difficult to hold the BOD to account with no cornerstone investor.

This used to be Miton who supported fund rounds (as well as Herald on the register), until they cut their losses realising DL was a joke and the share price has gone down 90-95% since then.

The key issue is the role of the Chairman who really should not be anywhere any business.

Key points this year.

- ENET have completely failed to develop sustainable, repeating revenue streams to cover even this reduced cost base

- Relied on terrible sources of funds diluting existing holders

- Failed to strengthen the balance sheet for working capital and providing potential.customers with any degree of confidence of delivery

- Failed to improve forecasting and risk mitigation.I

- New personnel, called out as the creme de la creme, have failed to move the needle.

- Failed to keep hold.of a CFOq who was probable on 3x her market rate

Now virtually in month 6 of 6 where orders were expected throughout.

Interview out.

A bit more subdued with no "knocking it out the park". Really surprised someone like Angus with a few years on the clock was a.little naive in pipeline assessment and their ability to close.

I think they are making progress on adding user volume, but a couple of binary deals could make the difference between a languishing or multiplying share price.

Hull,

Really have to ask how they can issue a statement on orders through the whole.of h2 can have been issued. With thanksgiving, Xmas we are now over 80% through H2.

They blatantly lied (something DL does all the time) to the market and took no care in issuing this information in an rns.

All the tier 1 posts here are a distraction, tarana keeps.The lights on for a couple.of months until the next crisis.

Chairman yosia@ethernitynet.com CEO vidi.levi@ethernitynet.com. Also best add a compliant broker in j.reeve@allenbycapital.com who did the recent nursery school level copy and paste.

I remember talking to a friend who worked on fraud and cyber security who had the tools to ethically hack into fraudsters emails to see their interaction with their marks, and to contact potential victims. He said he could see from the emails over time the gradual realisation something was not quite right and then they had been had.

Sincerely hope something does turn up, needs to be shortly.

With thanksgiving / christmas in the US we are now 80% plus through H2. They cannot either have completely lost or changed relationship with Tarana as the board are legally responsible for ensuring this is notified to the market, the brokers have a duty to be asking the bod that this is the case as one element of their market responsibilities.

Forget all the asic strategic fluff (as lg states.we have seen it all before, anyone remember the ftth proactive "at the finish line interview, or the rns stating they would open an order book to ensure the stampede of orders on uep2025 was.controlled), remember that had a revenue number attached for 2024 a few short months ago.

Repeatedly, repeatedly emailed the finger on the pulse Chairman, Honest Del boy Dave, Ethernity IR and the broker asking where the orders "through the whole of H2" are ?

Its almost like they (continue to) make things up, rubber stamped by the brokers happy to trough out a a few K a month.

They have acquired an asset rather than a company, doesn't come with the baggage. Would have thought they would have taken on a developer from crossword ?

£15k seems just an incredibly cheap price, I don't know the business model of the software (perpetual, term, saas) but anyone of which should easily be easily earnings accretive.

Your lack of knowledge on everything is simply astounding.

What is a "private sale" for a listed company on a regulated stock market ?

Why is a "private sale" not involve a big and a sell ?

Silverlight, yet again 100% factually incorrect.

Look at the options rns from may priced at 1.5 when the share price was 1, and has fallen 85%.

How the chairman can have the cheek to think his contribution is worthy of options.

LOTM.

I wasn't on the AGM call in question but know a few who were.

David Allen (someone owning a disclosable stake) had to take over the meeting as the Chairman didn't know how to run the AGM. In a question session I believe someone stated at X pence Bergen would have X % of the company, the chair didn't understand how it worked despite I assume it being signed off by the board.

Incredible.