Ann: Notice of General Meeting/Proxy Form, page-257

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Jeniycyang

58 Posts.

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17/01/19

08:34

Post #: 37139015
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Originally posted by Onkel Tom: ↑

WOW! Been reading the arguments for and against this cosolidation the last 2 days. Seems like a little battle is going on. (Which Suchs!)

Personally, I'm not too happy about it but I am hoping the BOD know what is best for the long term. It's kind of like being in a cartoon with a Devil on one shoulder and an Angel on the other shoulder sending me mixed messages. And yes, I have "liked" posts in both directions if they were above the waist. Everyone has a right to their point of view without being put down. Just as I am entiteled to be confused. Remember, we are all here to discuss things, not to hurt each others feelings. Or at least that's how I see it.

Some think we may head to NASDQ, some say we are no where near NASDAQ. Some say bigger players will bring us big bucks but only at a higher SP. Some fear that the SP will fall right after the cosalidation. Some talk about partnerships or other big Ann to get the SP up before the consolidation, some say we need the cosolidation first off, to get the big partners to sign. I'm just cofused about it all.

If the BOD do read HC, then here is a thought for you, why not try to compromise? 15:1 or10:1?

And what about us? Is it really all Black & White? What could be up, that we have not yet thought of? Do we need to take a Step back, view ALL the facts, and then maybe, just maybe, start thinking outside the "Box"??? There could be some significant reason we haven't even thought of yet. I can come up with a few crazy ideas but I will not post them for fear of being ridiculed here. But that's just all my opinion of course.

Cheers and Good Luck to all!

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Yeah I thought about the ratio too. So I emailed Eric. His response was pretty vague.... oh well...I guess we’ll just have to roll with the dice and see what happens.

Hi Jeni,

Thanks for your email regarding Weebit Nano. The consolidation ratio was based on advice from a number of experienced parties, and of course, the Board's input. For a company the size of WBT, the proposed number of shares on issue post share consolidation is quite reasonable.

We believe the reduction in issued shares will be a positive for WBT.

Regards,

Eric

WBT Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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