Member Info for skid35

Mercedes, thought nursery opened about now.

No, they are not fully funded, no, the cash isnt near the mcap.

1. A patent isnt a win, its an award 2. You dont need a patent to licence IP or sell product, they have this "valuable tech" for years but zero, absolutely zero take up or real interest 3. No, there is no chatter in the investment community apart from complete buffoons like yourself.

Apart from Nvidia, expect the DL sold his last company for X$m to start the rounds again.

800k cash ?

It's easy to read a couple of rnss and add them up, less about 10% for fees / debts beforehand / cost from the rns date.

Its not fully funded for 2026.

DL doesn't have the cash to make it work, and its not fully funded. this cash will go no where, mainly to directors and I am sure a few "conferences" for DL for a holiday on the shareholders

Aim, firstly you don't seem to understand the stopped clock analogy.

All of the "opportunities" they purport are completely and totally unqualified, a bit like the "we have worked out it would cost a customer $20m to port some code to an ASIC therefore this is an opportunity and ENET would choose between all those clamouring for a contract".

A few of the older PIs used to reach out to employees who left, stories of just complete incompetence. Remember at the agm shareholders explain the funding mechanism to the the chairman, with a shareholder having to takeover the running of the meeting.

As I've said before. Having worked for US tech companies who used to buy a company a month as infill tech for hundreds of $ms. If a company evaluates a company and sees something they like, they don't muck about they just buy especially at £1m. With ENET you wouldn't let DL have any control of future development if there was something of any value you were reliant on. There is no major contract RNS around the corner as it has been for years, ENET and DL just lie and lie and lie - anything to keep his $20k a month for doing SFA day after day, month after month.

The recent raises unfortunately show a new platform licence, the only hope for a cash runway, is nowhere near closing.

Will.it go up.and down ? with all the Complete buffoons on here, X or whatever.of course it will - just funny reading posters whose Deep expertise runs from tech, pharma, mining etc. Just have to miss the overall down trend from the 140p float, with the regular 25-50% permanent drops.

Really top class CFO, hope he sees something in FIN

There. Is. No. Contract. News.

Seen Laura on a few boards, tends to look at the daily top fallers list and takes a complete punt with zero sector or company knowledge.

Dread seeing her pop up on a company I have a holding in.

This isn't a complex fraud.

Imho the only thing it can be is the CEO manipulating communication from a customer which was not then independently verified by a useless and incompetent CFO and auditors, as it 100% should have been.

Casey, if you've worked at certain companies at certain levels at certain times that's the minimum.

Now, where's that nvidia RNS.

Mr Humbles. I could work out the accounting on the income in about 5 mins after reading the contract and communication from croda. The auditors, ex cfo, current cfo clearly incompetent.

This should be separated.from other issues, whatever it is (staff treatment, dodgy expense claims etc.)

Oh Casey, with every post you just look more and more stupid, it’s like trying to explain nuclear physics to a two year old.

I’ve had a lot of laughs here over the years with through from con artist bobarth, did especially enjoy Washingmachine who warned me of knocks on the door from the police. Maths clearly isn’t your strong point.

Casey. Happy in my five bed detached in leafy Berkshire, that what comes from being career high in commercial finance in us listed tech companies. The entities I have been financially and commercially responsible for sell more in a day than ENET does in a year.

As usual you really don’t understand market cap as well as the basics of cash.

Casey. We’ve established by maths of a five year old they don’t have $800k, repeating it doesn’t make it right .

Owned.

Ah, the change the domination trick ! Good one, no one noticed your David Blaine slight of hand there ! So is the market cap in $ as well ?

So ignoring debts going into the first raise and cash out, the pitiful shares in lieu which are mainly debt not ongoing costs. They have £350 - £400 max cash with the second fund raise included.

Casey. Stop digging.

There are four numbers here, two which we don't know but can guess 1. Debts owed prior to the placing early Feb 2. The placing early Feb 3. The placing today (reduce by city fees) 4. Cash out in feb.

So 1 is negative, placing less fees c £550k, cash out £150k - yeah that £800k.

Casey, get your crayons out and do the maths,.or get a two year old to explain it.

The second to last placing was partially to pay off debts, so that means they owed other people money at that time.

The placings raised £367k and £230k (both before city boys take their champagne funds). In the meantime another £100k goes out the door. So max £500k, would say nearer £400k a out two months runway.

Mol.

I work with auditors and boards of directors on complex licence deals - these can be difficult to account for but should have a detailed write up going through the accounting and reasons for it. Auditors tend to be a bit "green" and focus on the wrong things and can be manipulated. An accrual of this level and materiality should have the accrual confirmed by the customer rather than a CFO, let alone CEO, as a sales ledger balance would.

Never heard of the auditors, gravitas whatever. Does remind me of Madoff being audited by a one man band. I am sure a very large fine going their and the partners way.

Not a direct investor, but hope this recovers for holders reliant on "professional" auditors.