Market's view on Ethernity Net
Published on April 2024
- ENET is considered a high-risk investment, with significant concerns over its long-term viability. Predictions suggest potential insolvency, or a future where the company could either cease to exist or struggle significantly.
- Stock watchers have highlighted a downward trend in ENET’s share price, dropping from 140p to 0.25p under the current CEO, Levi, suggesting mismanagement.
- There is speculation about ENET’s future financial actions, including a possible placement at 0.5p to raise £1 million, leading to massive dilution over the next nine months.
- The role and influence of Non-Executive Directors (NEDs) at ENET, specifically Tevet and Kunstler, are discussed, noting that they likely have minimal day-to-day impact on company operations and are only involved in board meetings.
- Some stock watchers express skepticism about ENET’s promotional strategies and their effectiveness in raising share prices.
- There are concerns about ENET’s ability to secure new contracts due to potential clients’ distrust in the company’s capacity to fulfill these contracts.
- The discussion includes a debate on the merits of focusing on leveraging existing relationships, like with Tarana, over trying to secure new business.
- The future share price movements are speculated upon, with possibilities ranging from a complete loss (0p) to significant gains (up to 15p in 24 months), depending heavily on the company’s ability to navigate its current challenges.