Weebit - 2021and beyond, page-7482

have been following WBT for a good 6-8 months now and after being initially positive on the outlook, a few red flags had me getting out. i have contributed to this forum by way of negative outlook, much to the fury of the bulls who have not batted an eye lid when firing back.

however, i feel it is important for a forum to contain both views , after all this is just ones opinion and they who bases their investment on a forum shall bear the risks, significant as they will be.

i do also understand that if your view is in the minority, then you will experience a truckload of angst against you.

i dont take offence because i understand that the majority are here because they believe, have skin in the game and want their investment to do well , so of course they will defend their views.

its interesting what you find when you spend a bit of extra time to research.

my views are clear for those that have read my posts but to summarise , i felt WBT was pumped from the 1.50 region, pumped hard , and many retail jumped in , which is why the SP hit $4.

this price point was enough for two directors to sell. large portions. from here , the SP has trended down, aggressively, where it is now down more than 50% in 5 months.


what started the pump??

coby, either deliberate or not, im not sure and wont guess, but giving out a strong timeline for commercial agreement had the market off guard and had buyers foaming at the mouth, that, was coupled with a paid research report by Pitt Street research telling the retail world WBT was worth $4.75

retail floods in , while others deliberately exit.

its a pump and dump , its classic, and legal and im sorry bulls but you cannot defend this.

why ???? i dont know why this was a P&D, at a guess, perhaps the CR participants last year wanted out, or they were told we will double your money though paid research allowing you to exit.

again, why ??? i dont know and we may never know, but that is precisely how it panned out.

further evidence of the P&D??

it may be a massive coincidence, or not. but a service called "stocks down under" run by Marc Kennis, actually took Weebit off their top picks list in late march, reason given was they were happy with the price run from 2.04 to 2.61 and were locking in gains as the SP had run up too fast and expected near term weakness.

all the while pitt street research , with key man Marc Kennis, maintains the 4.75 price.

manabout and co. can spin negative vibes , but what i have laid out is total facts and reality. and only takes a little digging

from a personal POV i have always been very wary of any organisation giving out free advice and research firms like pitt street who are paid by who ? the publicly listed companies, are big big red flags who always have a hidden agenda. they dont care about the retail, retail dont pay their wages.

so what now ???

WBTs technology may very well end up a success and the valuation the market gives at some point in the future may well be many multiples of today.

but people must also acknowledge the risks are that it may not eventuate for WBT , or the timeline to success may well be years , 3, 5 years , im not predicting anything .

my point is , weebit has been manipulated , pumped and dumped , so be incredibly wary with this stock and may i wish good luck to those who were caught in the P&D