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Ethernity Networks – 'notice of contract cancellation', blames customer but to do nothing about it?

“Contract cancellation” announcement from Ethernity Networks (ENET), though the company states it “strongly rejects” the customers argument and considers it “unrelated to the Ethernity developments” as well as that “per customer interactions and discussions, the management remain of the view that the UEP2025 has the potential to generate additional revenues for the company”. So what of a current share price response down to 9.25p?

EPIC ENET
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Ethernity Networks – following recent RNS Reach, discounted fundraise (natch!)...

Just over a week ago Ethernity Networks (ENET), describing itself as “a leading supplier of data processing offload solutions on programmable FPGA (field programmable gate array) hardware for accelerating telco/cloud networks”, was “pleased to report” that its ‘UEP-20’ product “passed the field trials, with bonding successfully performed on a variety of products from multiple vendors, indicating the ability of the solution's interoperability and flexibility”. The announcement was though an RNS Reach i.e. “non-regulatory”, and I’ve stated the question to ask on such announcements to be ‘Is there a financial reason for such an announcement to now be made?’. Today a placing and subscription...

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