Also attended AGM. Dadi chaired the meeting. ALL RESOLUTIONS passed 80-90% approval. I think that there is a recognition that board is rewarding itself with ownership of shares and payable options baaed on potentIal future value rather than short term salary taken out of capital raising. This has to be a positive sign that with their skin in the game, we are all sharing in the risk.
Of note for me was Coby stating that 2018 represented a huge de-risking. They know the technology works, its a matter of getting it towards productisation.
They are moving towards the 300mm wafer because this is the industry standard and are confident of achieving the 28Nm in the next 12 months. He also said the they can achieve well below 20Nm with the technology.
Not so positive news was that they are very tIght lIpped on commercIal relatIonships It Is not a case of just sIgnIng up one company. They need a number of them IncludIng manufacturIng equIpment, EDA, productIon, and fInally product companIes and all will need to work together to get it to market. No sign of revenue until 2021
The overall mood from the board was very positive and they believe they are ahead of the pack.
WBT Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
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