Weebit - 2023 and beyond, page-1544

I am a staunch supporter of WBT and have held shares since pre-consolidation.

In March this year the company released the following targets for 1H23:
- SKYT qualification
- Sign Tier-1 fab
- Close initial customer agreements
- Qualify tech for auto
- Continued R&D
- Continue scaling 22nm

To the best of my understanding, I don't believe (as of right now) than any of the first 4 targets have been completed given we have not received a formal ASX announcement.

I understand that these targets are largely out of WBT management's control and are reliant on external parties. However, given that we are only 2 weeks away from the end of 1H23, I don't believe that these will necessary be achieved by then. I don't doubt they will be achieved in the long run but can't imagine management expecting to cut it so fine and they were probably hoping to have some/all of these completed by now.

I personally believe the SP will be punished if we get to 30 June without a strong announcement (say down to $4.50 -$5 range) but it does not change my conviction. I am a strong hold and believe that all the above can be successfully achieved but us shareholders need to rely on management doing their best and it will happen when it will happen.

Just my personal thoughts.