Ethernity Networks Share Discussion Threads

[mrscocker] 30/8/2024 15:39

Patt,

You are doing a great job on the hive, are they paying you yet because they should be for the hours you put in over there. I hear it's going to be monetized so you should be first in line for rewards from that site.

[purchaseatthetop] 30/8/2024 15:31

And let the BEAD funds flow…


25/4/24
“California-based internet service provider (ISP) unWired Broadband and Tarana announced plans to expand high-speed internet service throughout Central and Northern California with G1 — Tarana's fixed wireless access (ngFWA) broadband platform.”



“August 27, 2024 01:55 PM Eastern Daylight Time
COALINGA, Calif.--(BUSINESS WIRE)--unWired Broadband, a leading high-speed internet provider in California, announced today it has begun connecting customers to its state-of-the-art NextGen Fiber Internet network in Coalinga, CA. This $11 million project is delivering internet speeds of up to 1 Gbps and beyond to the entire City of Coalinga, totaling over 4,874 addresses.

unWired announced their NextGen Fiber project with a groundbreaking ceremony in April 2024. Since the groundbreaking, their crews have been laying fiber throughout the city. Their efforts have resulted in a rapid expansion of the network, allowing them to install their first customers on August 26.

Based in Fresno, unWired has been in the business of connecting underserved communities since 2003. Their robust fixed wireless internet network has deployed over 200 towers across 16 counties in California, with two towers already serving Coalinga. unWired is utilizing their NextGen Fiber technology in Coalinga to provide symmetrical speeds, unlimited data, and unmatched reliability. Businesses, along with multi-family dwellings, can work with our NextGen Fiber enterprise team to design a custom plan that fits their specific needs”

This is the classic hybrid project. A backbone of fiber with FWA reaching out to connect the locations.

Another Tarana customer Resound has also got funding



“The state of New Mexico this week awarded $40 million for broadband projects through its Connect New Mexico office, with funding from the capital projects fund. Grants went to Comcast ($12.5 million for four projects) and Resound Networks ($8.1 million for three projects), as well as local service providers and cooperatives.”

[antonagis] 30/8/2024 14:58

Just remember it’s all about TARANA, nothing else matters. PUTCHASEATTHETOP says so.

[dplewis1] 30/8/2024 13:25

Patt certainly cares. June 28th: "I have absolutely no doubt that next week Tarana hits us like a train .. my strong recommendation is to get in before this new is known." Only 50% down on the share price from that date .. better than the 99% down from your 35p buy recommendation though I suppose

[realdealy] 30/8/2024 12:49

A lot of shares now, just 3,500.

[purchaseatthetop] 30/8/2024 12:27

£3.5k of trades in total. Who cares?

[realdealy] 30/8/2024 12:02

They want to try UK fish and chips.

DOWN.

CONFIDENCE....NONE.

[dplewis1] 30/8/2024 10:23

It is a strange event for Ethernity to be a sponsor of. They're completely unknown in the U.K., they have zero revenue here and Tarana kit isn't available. Also, if Tarana are wary of being associated with Ethernity why are they sitting on a panel with them?

[purchaseatthetop] 30/8/2024 10:05

Tevet talking. With Tarana. Hmmnnnn…..

[realdealy] 30/8/2024 07:30

Oh dear.
Down

[dplewis1] 30/8/2024 07:16

Interesting though isn't it, that even the business update doesn't mention the fixed wireless customer. Future growth is expected to come from UEP, which they've not closed any deals on since announcing the interest -"this significant interest in the Company's products demonstrates the potential for future growth in sales of a complete system offering combining Ethernity's chip and software stack that is expected to be the main driver of the future growth of the Company"

[realdealy] 30/8/2024 06:49

For a supposed thriving red hot sector it does not bode well having to answer this type of question.

[purchaseatthetop] 30/8/2024 03:59

Morning all,
6am shift starting so up early. Thought I would check the latest Skid nonsense on LSE….

skid35
Posts: 2,923
Price: 0.55
No Opinion
RE: Lets leave it to the Interim RNS or another RNS
29 Aug 2024 22:02
Hull.

Not really sure what you are expecting from the interims. Effectively zero backlog and no orders with h1 revenue,.cash going out the door on a monthly basis ?
ReplyRecommendReport Post
skid35
Posts: 2,923
Price: 0.55
No Opinion
RE: Take to Adfvn
29 Aug 2024 21:47
Fred.

As with the other contracts these are customers protecting themselves. Tarana held large stocks and didn't need to order at all, and certainly not in volume rather than a monthly run rate. They are using existing stock in addition to the current order

My comments on that. Let’s start with Tarana stocks….

Excluding the $1.5m June 23 order, Tarana revenue was $1.2m H2 22, then $500k for the five months to June 23 when the large new order was placed.

So $200k a month H2 22 and only $100k month for the first five months of 2023. That is not a sign of building up stocks when you reduce your purchases for five months.

FYI, H 1 23 revenue was $1.2m which was the $500k plus the $600k delivery June 23 as part of the $1.5m order.

Now the no H1 24 revenue.

We exited TSP early Feb 24 and the Court Officer had to be convinced that ENET had a valid path to repayment of the TSP debts. These were $1.6m and cash was $2.1m at 1/1/24 with monthly cash burn of say $360k. The Court would insist that the company always keep sufficient cash to repay the ringfenced creditors. So net cash was $500k.

What Skid is saying is that there has been zero H1 revenue. In which case six months burn of $360k means $2,040k has flowed out and only about $1m from the May raise come in. Given that he says no Tarana sales have been made to date and even the new $1.05m contract only starts about now, make that eight months of cash burn. So $2,760k out and only the $1m raised. Net outflow of $1.76m in eight months.

Even if DL is using all the ringfenced cash to run the business you can add another $800k to the outflow for the two $400m repayments. So, net outflow of $2.56m in eight months. That is more than the $2.1m cash they had at 1/1/24.

It simply is not possible under any circumstances. Skid is just talking down Ethernity with either no understanding or a personal grudge. Neither good.

Just why New Tech would then lend £800k in May 24 with the company supposedly dying but then decide not to actually sell the converted shares while they can also strongly suggests Skid is totally wrong.

Of course Tarana have been buying off us for many months now. Without that assurance we would never have left TSP. Without them we would be bust now. Without them New Tech would have run a mile. I also look forward to updating you with record base unit sales from my seller tracker on Sunday with August figures.

[lionel kipper] 29/8/2024 19:25

Patt has shut the hive down ?

[dplewis1] 29/8/2024 17:24

I wonder if patts will includes a 40k donation to a polio charity? Somehow I doubt it

[hazelst] 29/8/2024 15:34

Don't be fooled by the fraudster.

[purchaseatthetop] 29/8/2024 12:53

Something I had not thought about. The impact of AI on mobile networks.



AI will transform data demand with huge rises in uplink needs (mobile device to tower). They forecast that by 2028 demand will exceed network capacity. Another reason to link with Tarana.

[washingmachine] 29/8/2024 11:36

Koti IT’s accross the whole market
Nothing happening at all
The repetitive clowns posting on here are having the same response on all their other long held positions
But odviously they fail to mention this.

[realdealy] 29/8/2024 10:58

Have you all made a will?

[dplewis1] 29/8/2024 10:24

Over 5 months now since the March RNS about UEP contract negotiations. This seems very protracted for such a small company .. unless by "contract negotiations" he meant a 2 minute pitch at a conference and exchanging business cards?

[koti4] 29/8/2024 09:08

Like watching paint dry currently