WBT, page-2

Here's the link on Vimeo

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0	Column 1 0 Column 1 0 Column 1 0 Weebit Nano: New CEO lays out the plans for the next 18 months

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Column 1 0 Column 1 0 Read our research initiation report on WBT from 19 October 2017 HERE.We spoke with Weebit Nano’s (ASX:WBT) CEO, Coby Hanoch, who started in the role in October 2017. In our interview he spoke about WBT’s recent technological achievements and its expansion into France. More importantly, Mr. Hanoch spoke about the company’s technology roadmap and his mission to attract a strategic partner to WBT in the next twelve months, which we believe is likely to be a major player in the semiconductor industry.

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0	Column 1 0 Watch the full interview with Coby Hanoch below ​

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Column 1 0 Column 1 0 Overhang of 3 cent options limits upside for nowWhile WBT’s share price has had a very good run recently, reaching an intraday high of A$ 0.082 on 27 November, the exuberant amount of broker options (150M with a 3 cent strike, bringing in A$ 4.5M in fresh capital), issued as part of the most recent capital raise, will likely keep a lid on the share price in the near term. To date, 48.6M of those options have been exercised, still leaving more than 100M options in overhang.Buy rating reiterated and A$ 0.07 price target unchangedWe reiterate our Buy rating for WBT given the tremendous potential we see for the company’s SiOx ReRAM technology. Furthermore, we believe WBT’s industry network, both through management and the company’s geographic presence in France and Israel, will be very beneficial in attracting strategic partners and potential licensees.Given the overhang of options, we reiterate our A$ 0.07 price target for now.Read the full note HERE.

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