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Buys mixed in with sells today. I took a few more myself.
It is absolutely clear that the summary shows Ethernity closing the gaps on a full 5G deployment.
The DU product is taking a market share, the timing disclosed falls in with the Dish deployment which I believe will form a separate RNS in Q4 when trials complete. It is clear that this is a very advanced product not just a backhaul facilitator but a complete haul solution. I mentioned this a few days ago and it is good to test my sources.
The collaboration with TietoEVRY is the final piece of the jigsaw and I now believe that we'll see a end to end private network with TietoEVRY as the integrator and a substantial part of the solution coming from Ethernity. Certainly built out on ACEnic-100 fabric.
I am not surprised that we have seen a few sales with people speculating on the market response "sell on news" rather than understanding the new information.
Ethernity are clearly going to be huge in time. $50m turnover is a couple of years away. In the meantime there are games being played and we have to live with that.
I have made the decision to increase my holding to 500k over the next few months and see where we go.
I see £5-10 as inevitable.

This is of great interest and will form a standalone RNS on closure. This is not an OEM with a product to market but an end user directly engaged. Much like Tarana increasing revenues year on year.
In fact there are several other products going this way including the XPON 400Gbps contract.

"Furthermore, the Company is in commercial closing legal discussions with a customer on a $930,000 contract for a customised UEP-60 solution, the majority of which will be recognised in 2022. Based on the customers estimates of deployment, this contract could generate annual revenues of up to $3.0m from 2022 onwards"

Ethernity are positioned for huge growth allbeit from very modest levels. If H2 pans out as expected it will be cash even or positive which will be a major headline.

It looks very likely that we'll get multiple news streams forming Q4 as many products go to commercial deployment. Trials in many cases are small scale deployments and that's where we are now. The next 12 months will be transformational for Ethernity.

44p to buy now. 42.9 to sell.

Bod and Bid. Exactly

A very full set of results and a comprehensive update.
Every front advances and Ethernity are leading on many aspects.
Near term business announced including final closing on a deal for $930k which will form a standalone RNS very soon. Flagging $2.5m of revenue next year from this alone.
Ethernity are in a much stronger position now but the market is full of "investors" who largely know nothing about what is happening and how Ethernity are dominating their space.
Modest $6m revenue this year will multiply exponentially over the next few years.

It is clear that the DU market is huge, outside of China 1 million units over the next few years. The Ethernity DU product is in testing and field trials this year with deployment 2022. This fits with the Dish timeline well.
Ethernity are out in front in the DU market.
What is obvious reading through is how the Ethernity portfolio has broadened to pick up multiple aspects of deployment to secure huge market share. This is demonstrated by the TietoEVRY collaboration where the Ethernity solution is coupled with the TietoEVRY product to bring to market a complete solution for private networks. As we see from Dish that private networks will be huge.

Ethernity moving forwards on all fronts. Modest H1 $1m income as expected but H2 estimated at $5m if they are to hit targets. Mass deployment on multiple products looming.
UEP product chain is looking to become a substantial near term revenue generator.
TietoEVRY collaboration is of great interest given their scale and market reach.
H2 2021 is a very big and busy period for Ethernity that is clear. As shareholders we need that to convert to news. Here we have disclosed forward looking early stage revenues.
Ethernity are building recurring revenue from the likes of the UEP range whilst exposing to huge growth markets that are just beginning.
It is clear that Ethernity are well positioned and leading in multiple new markets.
Lots of positive feed and the standard covid concerns.
Overall an extremely positive position that deserves to reinstate the up trend.

Profit chasers are investors who arrive when a company makes a profit. I am more interested in those who go for the journey. People who understand the product and how it fits in with others. Ethernity will have people arriving when they make a profit they are two a penny. Support now is much harder to find. Ethernity could do that with a very knowledgeable group of tech investors from the Israel tech sector. Many work for Israeli tech companies and want to invest in Israeli tech.
A important lesson from Jewish communities globally is that they buy from their own and sell to everybody. You have to understand the siege mentality they have from years of survival. All day long they will back their own horse.
However Ethernity are asking a bunch of Brits to back them excluding their biggest supporters.
I didn't think that I would have to spell it out but I hope now that you understand.

I don't value fighting for investors. The real support for a tech share trying to get out of the ground is from the tech community. Very few companies that I have seen are broadly respected as excellent employers and building excellent solutions.
Investors have very different parameters. The people I speak to are in the industry, have substantial disposable income and want to be part of the success of the solutions.
I am not interested in profit chasers every share engages them. I believe that there are hundreds of would be investors amongst the peers of Ethernity. These people know their kit and cannot buy shares.

0123. I bring it up again because I was talking with a friend in Israel last night and he wants to buy but can't. He asked me to get some for him but it is potentially tax evasion so I declined.
His bank doesn't list any AIM stocks for trading and cannot open an online trading account. Can't be the only one.

Very few integrators have any profile as integrators as this is actually a very new thing.
I think that even with Integrators business like Dish will use Nokia or Ericsson for the 5G management. Integrators have overall development and management responsibility. Things like interoperability, configuration and future proofing.
They will be energising and managing suppliers to deliver and continue to innovate.
5G is a living thing and requires constant support.

Currently Ethernity pitches to a tiny section of 67m people who largely don't have the funds or knowledge. Israel is full of wealthy investors many with tech knowledge. The booming tech sector has produced many wealthy knowledgeable investors who know what they see.
Nothing against the UK but investors are lazy and disconnected with their investments.

Volumes don't but that is exactly my point. Hundreds of potential holders cannot buy Ethernity shares. I guess if you spoke with them you would see it differently. I think easily $5m would be injected from Israel in New investors.

Yes agreed that it's the ultimate goal but then they will be adhering to 3 company law codes. They already have to comply with Israel so it is a quick win. Israel has a huge tech industry, for the population easily the largest in the world.
I know one person who holds Ethernity through his nephew in London because it is the only way. Not legal but I guess that is how it is.

That would achieve less exposure not more. Israel has 9 million population UK 67 million. Why would they delist on the AIM. They would not need to.
Even as a UK citizen abroad it is very difficult to buy Ethernity shares, as a Israeli it's impossible from what I can see. Interactive Brokers are one of a couple of international brokers with AIM coverage and they exclude Israel on their residential list. I know of 3 who tell me that they would buy shares but can't. It leaves them buying through a proxy and all the risks.

So there's potential to extend full year results by 3 months on AIM rules but the market must be notified by the deadline. However Ethernity are governed by UK and Israeli law.
Interesting that the TelAviv exchange has removed the need to report in Hebrew and can now report in English.
It would be very positive in my opinion to list in Tel Aviv. I have spoken to many in Israel very enthusiastic about Ethernity.
As Ethernity adhere to Israeli company law I see it as a small extra admin burden.

43.8/46 MMs really don't want to play this game. Although all 6 are on 47 really only a couple wants to sell you any.

I believe that most OpenRAN or C-RAN deployments will go down the same road. Radios on towers, edge servers at the towers, DU servicing a 3-9 tower array depending on density and geography. DU in the field but not at the tower. Small footprint, small power and very cost sensitive as Dish will need maybe 20000 DU nodes. The CU will move from the field and the network will be a network of CU. Each DU will connect to every CU. So we have each radio unit as a edge server. Each DU is critical to the function and cost. There simply is no way that there will be specialist high power servers for DU, there is not time or budget. This will be a CoTS server from the range running a DU algorithm on the fpga with layer 3 forwarding and routing. The CSR will be virtual I think that is not open to challenge it's just a matter of how it will work.
The Ethernity patent allows for more functionality and density on the ACEnic-100 than anything else at market. Ethernity has a product that runs a virtual router on the NIC (cheap) without using the server CPU. This means few cores, fewer servers, no external router and no coding between the server and the router. Remote intervention without physically going to the site of the box.
Now we have a Ethernity wireless backhaul product just announced. This is potentially a way to connect every DU to every CU without the need for wires. Ethernity don't have anything to do with the mode of transport just a method to send data with complete accountability. This is done in a patent protected environment that counts data out and in and recorders any missing. This without increasing latency as they use a first to the post method.
Does Ethernity have a "millions" market. Yes absolutely across several products they are unique or absolute leaders.
OK so why are they independent and haven't been acquired. Simply they are massively diverse and any buyer would need to also acquire the patents and know how to move the business forward. A business David has been in for 25 years.
The market needs innovators like Ethernity.

I think that it's fair to say that we are on a dip right now. Only going one way from here. There are multiple reasons the price to move up.
We are waiting on multiple updates from events with near term time lines.
China 5G trials, Asian OEM sales, DU x 3 separate news sources, avionics switch OEM sales through 2 OEMs competing for a huge military market both using Ethernity, flow processor sales through Tarana(substantial regional deployments) Asia Pacific through Horizon and US sales, XPON sales through a US OEM that recently upgraded their contract (unique product) and Chinese OEM sales of Ethernity code within their product to name a few. There are many routes to market and many markets that start H2 2021.