WBT 3.98% $2.09 weebit nano ltd

Ann: Trading halt, page-129

  1. 831 Posts.
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    This is great news imo. I don't believe there will be many negatives, and what there is will be short lived.

    Depending on the fund's strategies, i imagine they will tend toward holding long term, so the dilution should not translate into many more shares for sale on market.

    A long term institutional investor will eventually provide a good deal more stability to share price

    The money will be used for
    (a) expanding Leti agreement
    (b) acceleration of both embedded and discreet systems
    (c) further fab deals

    This is gna be super exciting. Next year is gna be a cracker!!!

    All jimo. Onward and upward weebitos!
 
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