Member Info for skid35

Manifesto,

A consortium ?? Every raise DL and MR have been touting their wares around the city and venture capital to no avail. (well Vela chucking in pin money at £50k) Heard no takers in the current round - no way will DL get $2m from a placing / next to zero from a retail offer, $0.5m a more realistic amount most from him.

Having worked in US companies who did c 3-5 takeovers a quarter of complimentary tech, if they work with a small a company and like what they see they just buy it for change (by change I mean $100m plus). I have seen some real rubbish being bought at stupid prices.

If you takeover a company such as ENET you have to have an earnout to keep people, IP / patents are worthless without it.

DL had to settle at the then low price as I believe he and the other directors, not ENET as a corporate entity, were personally liable.

Some of the fragile egos on this board posting on hourly price moves. Reminds me of puffed up 5 ft tall Americans on storage wars fighting over a paper bag.

Even worse those who think posting here can somehow move the price.

Hourly / daily moves (unless you’re trading) irrelevant, if you are trading it’s not some all seeing insight you have it just statistics.

DL has always been very poor in his weighting and timing expectations of pipeline, really failing to ask the hard questions of what the close actions are.

Read the past reasons for cash raises - always due to imminent deals which never happened.

Some of the posts here thinking you have to attend a board meeting in person.

Bongo, that would be the uep for volume production back in q422, and olt/ Pon contracts which gave Enet great backlog coming into the year which now don’t appear to be contracts.

Egpt.

Unfortunately a vicious circle here of their own making.

No contract from a customer seeing the supplier cannot deliver with their financial resources, no share price increase without new contracts.

ExMS.

The chuckle brothers this morning don't have much of a clue on the basics.

Funnily enough a call tomorrow with one of the people from CERN though.

With no cornerstone investors it will be DL digging deep again, as previously stated he will look for a low price to increase his % holding.

Read RNSs 20 Mar 23, 29 Nov 22 and 13 June 22, the latter expecting volume in q4 22.

HH.

At last someone else who understands the underlying transaction in these two licence deals from quarterly royalty reporting.

Key question is now, without a tarana order,is what is their backlog and semi guaranteed run rate ? Answer is unfortunately b####r all.

DD, where do the market makers get this stock ? This is a % of overall stock.

Mannan. 100%, but then others know better.

Funding will be a placing and retail offer. Retail offers are just fluff, icing on the cake as they are not certain - so they must have the placing backers agreed upfront.

Last time they had a cornerstone investor in Miton who have left as they got sick of promises and no execution, Vela putting in chicken feed who ENET have also annoyed and the two directors. It was clear they had touted the last raise round the city with zero other interest, MR referring to the sensible guys in RGO who told them where to go.

If DL chucks in his £200k he would like a low price as he gains from increasing his overall % holding and weighted price between existing and new.

Google intel ventures and click on the mass portfolio of companies they have a few quid in, a lot in Israel due to their base there. £500k is a couple of days cost of their private jets. If this happened a holding of £500k would go to 1.5-2m overnight as ENET would be 4p plus, a tarana £500k less so.

You can’t have a big tarana deal and no placing as there is a hardware element to it which the supplier will want 100% assurance on, even with tarana being a great and flexible customer on the payment front. You can do some clever contract isolating tarana payments directly to the supplier but a pain as the bank needs to be party to the contract.

PeterK/ investorace.

Assume you’re replying to me ?

Firstly as always no facts.

You don’t know my position here.

Just hilarious- I have given you rampers the biggest gift of the day or even quarter and have even pointed to the page number, but zero, absolutely zero understanding of its strategic importance.

You cannot short ENET, how many times ?

Chico.

Can you show me where I have said this is under or over priced ? None of us have this information to work it out.

All I am doing is stating the facts for those who either don’t understand them or deliberately misquote them.

As I’ve said as no one here has bothered to look at the latest investor presentation, compared it to the last one (which non of you have as you don’t research) to understand they have written INTEL for the first time.

Erebus - didn’t you see the “my bad” from tricky - so English and maths a problem for you ?

Dear me.

The company reports in dollars on all lines, it doesn’t report cash / revenue in £ and costs in $ in order to confuse those who can’t finish a nine piece jigsaw.

Reporting is in dollars as virtually all their revenue and hardware COGs are dollar denominated. Local costs are more aligned to usd movement than gbp. This avoids having to restate YoY for constant currency.

Just shows the complete lack of research on this board and understanding of ENET.

Key takeaways.

1. Page 13.

-The first time ever ENET has mentioned INTEL (for 99% of those here, they are quite a big company if you look them up).

-This communication must have been approved by INTEL. Seems like development not being paid by INTEL

-Also ASIC rather than FPGA so an extension of addressable market

2. Page 15.

- Design Quad CPON OLT. Hopefully not another kissing of frogs, again not paid development despite what they have said in the past.

As usual with ENET time from development to real revenue very long.

3. Page 16.

- Further $200k 100% margin revenue possible, not sure whether strategic to be RNSable, new / old deal

- Chinese contracts appear completely dead, or dead for this year

From the RNS surprised at the current cash level, but clearly creditors not paid.

.

1. Cash is not revenue

2. A lot of the cash is one off, not repeatable

TrickyEFC.

No costs are not down to 237.5. From the end of this year they are down to $300k.

No revenue is not 1.7m. This is the maximum of the cash range of $1.7m, outside market traders and drug dealers cash receipts are not revenue.

SGD.

I did write to investor relations about 2-3 weeks ago asking why the directors were in favour of this deal, as I couldnt work it out.

Clearly "other incentives" for the board somewhere.