This technology has potential to break new ground in the market for phone manufacturers in my opinion.
Imagine if 18 months down the track Weebit announce a JV with Samsung that give Samsung the jump on the mobile phone memory market.
Who won't want a Samsung phone with Terabytes of memory when Apple are still offering 16GB, 32GB and 64GB memories.
How could Apple react with the patent on this silicone oxide memory technology being totally locked up. They would be left foundering. The choice for Samsung would be, corner Apple out of the market (win market share) or licence the memory (technology) to Apple to leverage their way into Apple's huge consumer market. Either way Weebit win big time.
This is the best technology play (highest potential) the ASX has ever seen in my opinion. A technology that has potential to disrupt the biggest players in the phone industry.
Of course it may not work as a commercial product and it may never be commercialised. This is the risk before us.
Eshmun
Ann: Notice of General Meeting - Weebit Transaction-RAD.AX, page-13
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