Member Info for skid35

Cohen, the gross proceeds isnt waht they have in cash.

Firstly giving the city boys 10% for all their hard work, second they had debts to pay, third they have ongoing costs - so shrinking by the day and probably nearer £400k now - so not quite the market cap.

On the warrants. They have never hit a warrant exercise price in the 10x plus they have raised it. Not sure you understand the impact on you as an existing shareholder if they excercise at half the price they raise.

It may sound good, but I dont think you know what free carrry means.

As usual - where do you get 600k from - and what currency are you using - the old italian lira ?

Https://www.thetimes.com/uk/science/article/uk-investing-25bn-to-chase-holy-grail-of-nuclear-fusion-dwjjp6hj8

A lot going on in oxford!

From the complete lack of any material (and not cancelled) business since IPO there is no meat on the bones - there have no products, IP that has any value in the market - if they did customers would licence or buy it.

As with the revolving six monthly posters reading into a business update that a deal is about to be signed (which they have actually said in the past to be frank) the gradual realisation that the company exists as a vehicle for paying board vast sums of money, aided and abetted by our dodgy city of london pals taking a cut.

Added yesterday to take me to a rounded 60k shares, cant understand why the freehold sale didn't have more of an impact on the SP (world events permitting and that it is a micro cap).

Not sure the calculations have been done here strictly in accordance with the Chair's contract - I think he could have taken these earlier on an annual basis for more shares. I think this is done to avoid complete and total embarrassment with the chair issued 5% of the company for a complete disaster of a performance.

That ENET isnt Ethernity.

Santiago - not as many buffoons posting here restating rubbish every two hours once the bloke with multiple names went.

Tedc, the "price" the shares are issued at is in accordance with his terms of employment. All it shows is what a useless job the chairman, board, leadership have done for the share price to be at that higher level.

I cannot think of a Chairman on AIM who has done a worse job than this complete buffoon, with the rest of the board being similarly useless.

Remember this was the idiot who had to have the 5G funding risk explained to him at an AGM like a two year old, and then had to hand the meeting over to a PI to run as he was so, so far out of his depth.

I did knock h&b a bit here as a bit of an oap's shop.

The one opened in Henley is really good, modern and great footfall. They need to get opti products at eye level, on display in windows, at the counter etc.

Oke, your calcs on sbtx are well.off the mark.

Osd.

Yes, Ilan stated he built a $50m near time qualified pipeline, all ready to be signed. Amazed people are still falling for this guff. If you have ever met DL or seen him communicate, probably the least impressive individual on the planet - so I can hardly see him in front of a bunch of hard noses US tech execs even if the tech was even average.

Northmover, 100% correct 1 sniff of a contract (not a small platform licence one which just extends a cash runway for a month or two) this will blow - it will have the contract cancelled down the line.

As we have seen ENET doesnt have the IP and it doesnt have the products, it doesnt have a professional salesforce, it doesnt have the financial clout for a customer to trust ENET, it has the least credible CEO on AIM who you really wouldnt shake hands with and trust with tech you are embedding in your products

Northmover - you have repeated this about 10 times a day but that doesnt make it true.

☆Funding is in place until late 2026 [since the RNS to confirm this, they have raised an additional $315k

1. The first RNS assumed warrants would be settled, as it uis they are not that leaves a shortfall of £137k not taking into account costs - so nearer £175k. It assumes they will hit $2m of revenue, highly unlikely with DLs forecasting. The second RNS also adds additional costs of a new product not without the assumptions on 2026 restated, no doubt need a waiting list as UEP2025 did. So very doubtful funding is in place.

☆Plenty of time for news and SP movement to 0.006p

Correct, last news was about a year ago, so sometime 2027 then. They have issued warrants on 10 plus times, never anywhere near the exercise price to get them issued.

☆ENET will then receive an additional $815k to bring the total raised from 2nd February to $1.63 million

Before costs IF the warrants are exercised. Money will just be wasted and not used efficiency or effectively to create shareholder value. You need to understand the impact on warrants on the average share price as warrant holders gain at the expense of the average Joe.

☆The mcap is only $1.24 million

And it deserves to be, they really dont have anything of any value. Its like saying the cost of a 30 year old mini metro is only £50, exactly because thats all its worth.

☆This is their best cash position they have been in for years

Cash used to pay debts, brokers and city fees and then what's left for the directors over the coming months. No they have had much more cash in the past , but wasted it.

Just thinking of DL ringing up his insurers for a massive claim on his business continuity risk, Insurer "so what is your continuing business" DL "good point...."

Incredible, someone who doesn't understand the difference between freehold and leasehold - or who to look these up in the accounts.

Perhaps our resident expert on asset backing to the market cap might explain.

I really, really just don't get this. ENET has a patent in backhaul yet Vodafone is choosing a Amazon.

https://www.thinkbroadband.com/news/vodafone-signs-mobile-backhaul-agreement-with-amazon-leo

ExMs - We must have been through 5-10 sets of buffoons - where are tricky, micky, b_positive, washingmachine, charity thief and the rest. Northmover just the latest in a long line who cant read an RNS or look at past business updates. ENET should really not be allowed to do what they have done, I think they are just laughing at the LSE / AIM.

Northmover. Someone who has posted all through the day criticising someone who posted at 6? Interesting you again state $ like your other posting names.

Less talk £. So £600k less costs (assume 5-10% as the brokers have to do a lot of work), creditors to be paid coming into the raise, costs since the raise. They have £400-450k which reduces month on month with directors salaries to be paid. Market cap c £925k.

You don't value tech companies on net asset ratios, but in the absence of a backlog of any contractual income or forward view of potential.contracts that's all there is.

You do realise that if, a big if, they get additional cash in that also increases the market cap.