Posting for others.. Roll back the clock to pre COVID and the market was going full steam ahead, and that companies were aggressively looking for replacement memory and other semiconductors. Although we were not ready for commercialization, we were at the point where we could be working with potential clients. The whole market changed with COVID and all the heat and aggressiveness disappeared due to a huge decline in revenue for a lot of companies and this has put the exploration of new replacement technology on hold for a lot of companies. Roll on to the war with Russia and Ukraine and this has bought about newer and greater issues to all industries in general followed by Israel & Palestine conflict where this has driven inflation north due the ability to transport goods through the Suez Canal due to the possibility that ships could become a target, that the underwriters were not insuring the ships or goods. The Panama is heavily restricted to the amount of traffic going through the canal due to the lack of water. All of these are the catalyst for higher inflation and the lack of mom and dad investors investing directly or through a broker.
WBT is breaking through the barriers with our technology and we now have a solid signing with OnSemi,.and our products will be used in a range of products, and once proven in the field up against other products using flash, then the results will speak for themselves. I have been with the company since 2016 and yes I would have liked to have seen this commercial 2-3 years ago, but now with AI in the mix I think the race is on and that with us producing AI and combined with PIM will be a game changer. As for the SP... I would have hoped it would have been up around $5 plus, but we will have to wait for a bit longer and possibly for a release on the advancement of our memory that will hopefully awaken a lot of possibilities. My belief is that in time in the not so distant future that our SP could be up around the $80 mark. My reasoning for that is that we are so far more advanced than any other contender that we could capture the market. Also remember we are still advancing Discrete memory as well and once that is released then it is all on. Just IMO
WBT Price at posting:
$2.29 Sentiment: Buy Disclosure: Held
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