Ethernity Networks Share Discussion Threads

[orkneyarab] 20/4/2024 11:08

We have moved from contracts being announced after TSP exit, to contracts being announced after the general meeting + a few weeks, to contracts being announced after the first tranche of options vest in May. Some people are validating the management's incompetence.

[purchaseatthetop] 20/4/2024 10:51

Read the two most recent RNSs and wonder if a contract will be announced prior to the May event.....the wording has changed from uncertain to expect. I think it is very close. But obviously given DLstrack record actually delivering a contract that paid would be strange!

18/3/24 RNS
"Based on the scopes of work being discussed with these potential new customers, should they lead to contracts, they could contribute between $2.2 million and $3 million to the Company's revenues in 2024.
Given the commitment of each customer to adopt the products, this would likely lead to significantly higher revenues in 2025 and beyond. Whilst there can be no guarantee that the discussions summarised above will all lead to contracts at all or on the terms currently being discussed, the Board considers that this significant interest in the Company's products..."

19/4/24 RNS
"Based on the scopes of work being discussed with potential new customers, Ethernity expects to secure new contracts for our Carrier Ethernet and PON technology, generating approximately $2.2- $3 million in incremental non-recurring engineering (NRE) revenue in 2024 on top of our established business. This momentum positions us for significant future growth as our OEM partners leverage our solutions to win market share and generate revenue for themselves. We anticipate this will translate into substantial new revenue opportunities for Ethernity in 2025."

[snooker40] 20/4/2024 09:57

FROM Mar 1st 2024 RNS
Once granted, the Options will have an exercise price of 1.5p. The Options will vest over three years in 12 equal portions, with 1/12 of the Options vesting at the end of each quarter following the date of grant.

[snooker40] 20/4/2024 09:52

As per RNS
Proposed grant of options

At the general meeting, resolutions were passed to approve the grant of 17,377,225 options to certain directors of the Company, details of which were announced on 1 March 2024. The options will be granted once the Company is no longer in a closed period, following the publication of the Company's annual report and accounts for the year ended 31 December 2023. A further announcement will be made at that time.

[eeza] 20/4/2024 09:10

1st tranche of 1.5p options will vest 3 months from now.

[snooker40] 20/4/2024 08:51

The changes to the BoD, the incentivised 1.5p options, the ENET product and product support, the phased payback to creditors and the signals from ENET are telling me the phoenix will rise to be stronger and better, than in 2023.

[purchaseatthetop] 20/4/2024 08:38

“PWhite73 - 09 Mar 2024 - 11:17:17 - 33059 of 35143 Ethernity Networks -5G Superstock in the making - ENET
patt - "So, anybody can speak at these events if they pay $545"

Of course they can't. Why would you want to speak at a WispAmerica event if you're a brick layer? You must have a direct or indirect connection to wireless communication to even be invited.

The point I'm making is that all these AIM companies attend global conference events to lend credence to their existence. Attendance has no commercial impact on their products or services. Its just a publicity stunt.

The product must as a stand alone unit be of commercial value to the wider market.

I have seen no evidence to date that ENET are part of Tarana's ngFWA. That is the news everybody is waiting for that is yet to materialise.

I have proffered my view that Tarana have not renewed their contract with ENET you say otherwise. I am still waiting to be proved wrong.

That's it from me. I want you to enjoy your holiday weekend.”


Glad the see that this is proven wrong. Whether there are H1 sales or not, it is clear Tarana are completely linked with Ethernity in both G1 and G2. That alone should secure the future. If we can sign one of those “expected̶1; PON contracts then everything will look rosy. But that comes with an “if”.

[snooker40] 20/4/2024 08:14

Thoughtful work PATT
Tarana will continue to be important to ENET but also much work is going into PON and hybrid technology by ENET.
DL speaking plus other members of the BOD being present at the major May 21st to May 23rd conference is an example of the push, in those areas.To be Silver sponsor as well os good branding of the company name.

[purchaseatthetop] 20/4/2024 05:23

Ethernity are silver sponsors at Network X in May 24 with DL speaking at “Feasting on PON and fiber”.



My guess is that Kunstler will be there too with Tevet.
This event was called “the big 5G Event” but that shows exactly why Ethernity became the basket case it is! 5G died a death.

Either Ethernity had zero Tarana income so far in 2024 and will not get any till H2 (which is one interpretation of the accounts outlook) in which case we will be just about dead by the time the event is held, or DL simply did not report about current trading at all and far too much is being read into one sentence that has multiple meanings.

54% of the 2023 revenue of $3.8m was Tarana per note 27a so $2.1m ($175k per month)
58% of the 2022 revenue of $2.9m was Tarana so $1.7m ($140k per month)
$740k of the 2021 revenue was Tarana in H2 so $125k per month

If there has been no new G1 orders despite full on growth and new product then the last $1.5m would have lasted 12 months so use reduced to $120k per month. Cannot see how such a drop in revenue is possible. But who knows with Ethernity?

[antonagis] 20/4/2024 00:24

Only 22 posts from PURCHASEATTHETOP yesterday. He’s slacking meanwhile AMARETTO is missing in action after all the excitement last week.

[snooker40] 19/4/2024 21:09

Great observation PATT

[purchaseatthetop] 19/4/2024 21:03

Levi has a terrible record.
But now we have Tevet and Kunstler who have great records.
Plus they delivered $1.35m in Nov 23 with new contracts,
But we will see.

[eeza] 19/4/2024 20:59

"If he delivers a contract".

'If' - a small word but pregnant with possibility.

Most things are possible, but probabilities don't usually match the possibilities.

Levi does not have a good track record.

[snooker40] 19/4/2024 19:57

So be it blue square... I will buy more

[blue square] 19/4/2024 19:43

As there is now no quick profit to
be made,traders will move on, volume
will drop and the share price will
drift, until substantial news.

[bantamboy] 19/4/2024 18:49

I was amused this morning at the 20% rise..it should of dropped 20% at least. But traders just frolicking around caused the injustified rise..
The RNS was Dreadful..DL couldn't run a bloody bath tbh.. I'm fully expecting a cash grab placing in the next couple of weeks & a substantial one..
The New contacts stuff is just a bluff to buy time to pay the creditors back..
Enet has gone beyond the 'last throw of the Dice'. There's no way back for it now..its finished..no bonafide company will want to use enets equipment... it's just jackonory stuff now.. the So called BOD probably don't even bother going to the office anymore. .
Jut another Aim horror show.

[purchaseatthetop] 19/4/2024 18:41

To be fair to DL he got the EBITDA loss down to $800k in H2.
If he delivers a contract all,will be forgiven.

[purchaseatthetop] 19/4/2024 18:36

Halland. About EUA. When it was 32p. Now….shall we say a bit less.

Halland7510 Apr '21 - 10:12 - 62648 of 76646
0 11 0
Incredibly well said @ SoldierBoy. Written by someone who obviously has read and understood all RNS's fully, instead of someone far less well read, who just looks at the share price and talks of nothing but "negatives" and tries to wave people off with a 'nothing to see here' attitude.

There is so much good and incredible positives about EUA. I suggest certain people learn to read properly and acquire a high level of understanding about this company,

Perhaps then you will see what the more astute see.

Reading such ignorance is painful, please stop.

[eeza] 19/4/2024 18:36

Same old Levi. Bad management never becomes good management.


Long on the BS jam & short on the actuals.

[halland75] 19/4/2024 17:01

Bahahaha!
What a pathetic showing it was here today, couldn't even hang onto the 20% it was up lol.

Have you noticed the deluded saps are saying "orders should come in".
Even their confidence is as thin as the convicts hairline.

No contracts.
DL's options...doubtful.
Company in debt.
Tarana...A fantasy.
Conflict could cook up over the weekend.

Back to 0.70's easily...no doubts.

[whoppy] 19/4/2024 15:44

Discounts ENET product offering. That's what counts. Not what happened in the past. That's done with.

[chester9] 19/4/2024 15:41

He is right

[chester9] 19/4/2024 15:39

Paul Scott view which is no view from stockoEthernity Networks (LON:ENET) - up 6% to 0.93p (£3.5m) - FY 12/2023 - Paul - no view.Disastrous 2017 float, based in Israel, multi year losses & heavy cash burn. So it looks a disaster by all usual measures. However, 2023 results offer a glimmer of hope - revenues growing (up 26%), and a strong improvement in performance for H2 - EBITDA loss reduced 74% from H1, to $(0.8)m. Also has $2.0m cash left. Very much in the last chance saloon I would say, but the rapidly reducing losses, and maybe enough cash to get through 2024, mean there's a possibility it might survive. Material uncertainty in going concern is an obvious worry. Paul's view - this is not an investment, it's a punt. I just wanted to get a quick comment into our archive for future reference, if any significant news were to come out. De-listing risk probably high. So yes it's high risk, for sure.