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I took another tiny bite this morning. I will just keep nibbling as funds become available.

I think that the biggest thing to come from the last six months is all the parallel opportunities. Ethernity are set to rerate

https://www.nextplatform.com/2020/05/04/hot-on-the-heels-of-mellanox-nvidia-snaps-up-cumulus-networks/

Really filling the gaps with acquisition.

The problem with the Korean server manufacturer, fiberhome and TietoEvry is these are future unquantifiable markets. Yes they could and should be huge. However we don't even know unit rates so have absolutely no chance of attaching anything to it. The last deal has figures. Not huge figures but immediate income, near term income and a carrot of future income. Then a side order of possible parallel types of business.
It is here and now so should be worth more.
So far we are about 18 months late by my view arriving here. Some have lost interest and some are tiring of the under valuation.
New money is needed.

I spent the day on the water, relaxing. It is good for the stress.
I will be taking a few more tomorrow.

I am seeing new markets for Ethernity as they develop the products. They have broad turnkey to single component solutions or firmware software for third party hardware. Clearly it is very hard to visualise the potential as it is so huge and diverse.
I suspect that any broker guidance would be based on just a single aspect and not address the full potential. That's largely because nobody really knows what it is yet.
I would like a update on the Korean server manufacturer as they must be coming into implementation regionally and this could produce huge royalty payments.

If there is buying pressure and the MMs drop back to 1500 shares only and the buying continues they will have to seek a market. They cannot allow it to be disfunctional indefinitely. Then with news it will pop just like it did in June.

A buy out? Fundraising will likely bring some liquidity and more shares to the issue.
Back in June in 5 trading days the price moved from 25-65p.shows what can happen.

It does seem to be a ongoing process. I don't understand why they don't just drop the lot as the MMs must be solidly in negative territory for supply.

The common reason for holding back a share is for a fundraising. However the newsflow tends to contradict that aim.

If the market cap was £100m I would not be exposed like this but so low with increasing market traction and the profit threshold so close I see very little risk even in a global pandemic.
In fact the current situation increases my confidence. Solutions are needed fast and Ethernity have them ready to go. Distance working is creating pressure and opportunities.
Other sectors are fried but we have a sector which will attract a lot of attention in the near term. I believe that anyone in this sector will produce multiples but Ethernity will be very near to the top.

Bid I am somewhere I have never been. All in Ethernity. I have the courage to go all the way with most of my holding and I will let none go below £3 but I am here for the long term dividends from a free 90% of my holding.

Once baseline costs are covered very high margin work will leverage the profits disproportionately against turnover. Much of the ongoing royalty work will attract near 100% margin. I don't know exactly when these will cross but as far as dilution is concerned even reducing the gap reduces the chances of dilution. Although for most of us holding with averages around this level it would not be a disaster.
I think that we are in the foothills of the opportunity explosion ahead. Yes there will be many drivers but Ethernity have many bases covered. Some with unique offerings.
The future is not the upfront payments but the recurring licensing revenue for third parties to manufacture and from recurring royalty from installed Ethernity solutions.

I don't know what it is but I have a good feeling about May. I think that it will be a good time for us Long term holders. I can see that news is now starting to build a bit and I can see a time in the near future when it tips the balance. Certainly £1 should be very accessible in the near future.

I suspect that the answer to the why not buy the whole company is the fact that if it were American owned it would shut many doors.
Many Countries are actively not engaging with US business. Trump has isolated America and it must be becoming a real issue for them now. America first means America last for the rest of the world.
Israel is well positioned as a means for the US to access advanced tech from the east that really has become inaccessible directly. Although the Ethernity tech is all their own work the benchmark solutions are the work they do for the Chinese Market. The US are well behind, possibly two years adrift in a fast moving sector. Partnering into turnkey solutions is the only way that they can advance.

There was also one in the 11:00 auction. I think that there has been about 5 similar. Odd with such a small volume to be dripping them in like this. Why not just sell on the open market.

It just lse blip nothing has changed on the SP.
I can't believe that any of those are still around in circulation.

OK make that 208062.

This situation has been like this for a while and I just don't understand how.
The last 9 trading days.
Buys 293617 shares
Sells 75555 shares
So the obvious question. Where are the 218062 shares coming from. I have been watching this since Christmas and the missing shares are now over 3 million.

I took another small nibble this morning. I had one yesterday as well. I will continue where I can.