The issue over here is the person who has written that article would have only looked at the revenue the company is making .
Weebit has enough cash to maintain the momentum for another 2 to 3 years . If you look at Snowflake they have a negative ebita same goes for Hashicorp . According to the author of that article they will also go bankrupt .
Weebit in my opinion if they decide they want to be sold off would at least generate a value between 1.5 Billion to 2 Billion, keeping in mind they have a technology for future and fully qualified.
What's happening to the share price in my opinion is a momentary thing and when we have a customer or a significant technology milestone update then it will sky rocket .
Nvidia is an example , before you shoot me comparing Nvidia to Weebit I will reiterate just as an example .
Brainchip price was high due to announcement of Mercedes using their tech post that I can't recollect they had any significant update and that explains price crash .
Weebit has had numerous updates in recent months and key milestones would be met in the coming months . I am holding tight hope fully if you are reading this post are doing the same .
WBT Price at posting:
$3.98 Sentiment: Hold Disclosure: Held
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