Ann: Trading halt, page-369

pata .. . i have been a support of your views but i do have to say that in this instance i have diff views to you.

you see existing shareholders get whacked.

i see:
# a capital raise at 5 x the most recent capital raise . . and if you add the free option to maths of last capital raise then curr raise is at 10 x.
# when looking at diluted value of cap raise it is far from the heavy headline discount that all are quoting
# i see the arrival of cannaccord as a huge endorsement . . HUGE .. . the investors coming on board through cannaccord aren't your flip for 15% sort. they are the invest early and make 10x . . 20x plus mindset sort. research cannaccord and am sure you will see the same.
# 12m arriving through this sort of investment shoukd be 12mil straight to bank account. capital raises when going to market nornally involve s okme pretty chunky broker fees (or broker options) that can suck approx 10% of what is raised up as 'capital raising costs' . . so another way of looking at this is we saved that expense / fee gathering new funds through this method.
# the big one for me. wbt as a firm had 12 mil and had similar number coming in with options exercise in 14 mths. their path to comercialisation was mapped out with those funds in mind and as shareholders many of us will agree that 20 odd mil was going to take us from a 250 mil mkt cap to . . 600m . . 800m .. etc. so the question is . . if we add 12m to that commercialisation path what is it that we feel our board can achieve with it. lets see what they plan to spend it on but expectation is either

1. they fast track development ehich means we get forat to market even sooner . . which means we dominate the future memory space even more. what do i mean . . if we start commercial production mid next yr .. come 2022 we will have multiple successful integrations of WBT ReRAM working in various technologies. lets say that then someone else comes up with a ReRAM working wafer. who will the market choose . . WBT who has successfully integrated and further optimised their tech . . or a yet to be proven tech from another supplier? rhetorical question.
or
2. enhancing our research and path to comercialisation with AI and other advanced uses of ReRAM ..

in either case i can see that 12mil adding many many many multiples of 12m to the overall market cap of WBT.

so while the short term view is f### .. discount .. . i rather look at where we are and get super excited by what WBT BOD will do with that sort of dosh and have every faith they are going to use it very well and in that create massive returns for shareholders.