A lot of negativity around CR but I think this is a positive step, they could have announced CR when SP rallied to high $8.0 but that run was not sustainable. If I remember correctly, the last CR was completed at $2.87 when Meitav Dash invested $25.7 million and share price has moved much further with qulitifcation process of ReRAM technology. Investors have started to believe that this technology could be disruptive and can easily gain a big chunk of market share.
If WBT management has said that they are joining hands with Tier 1 by May this year I believe it. If you look back at my previous comments I did mentioned CR is coming but everyone commented that NO CR for this year. The net cash reserve of $45 million must have depleted and WBT need a fast track rollout its product via Tier 1.
Just close eyes for few weeks, this will again attain a new high around $10 (not a buy or sell advice) when we sign commercial deal with Tier 1 foundry
Ann: Equity Raising Investor Presentation, page-70
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