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$1.90 weebit nano ltd

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02/12/16

13:22

Post #: 21061073
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Originally posted by TMacker ↑

Weebit Nano

Was a great experience/privilege to meet Dadi and Yossi. It’s clear they are not salesman and that is also not their intention at the moment and they weren’t there to gloat. They are also aware that the majority of the conversation around the tech was going to go well over the brokers’ heads’ and it did bar a couple of them.
The main thing I realised quite quickly is that Dadi has spent his life inventing and implementing technology to the world that primarily has solved data shortage problems as is the need every 10-15 years. He’s passionate about it and he ain’t bad at it. We are obviously approaching the limits of flash currently and of all people in the world he is one of the most aware of the need to solve this issue. He has identified the best potential solution available and has latched himself to it – Weebit.

Points:

Leti Partnership: I think the significance of this partnership has been undersold to the market, primarily by the majority of people not knowing who Leti are and what their intentions are. To give background, Weebit were negotiating with 4 of the largest global R&D co’s and they chose Leti due to the business partnership it was going to bring. Leti are currently part of the French government and are ~70% funded by them, although they are looking to separate and operate on their own which isn’t surprising as to why they wanted to partner with Weebit (they are motivated to produce revenue). The project manager from Leti who is working with Weebit is ex Samsung and they couldn’t give many other details than that. Clauses in the contract between Leti and Weebit have already been negotiated by Yossi to cap Leti’s royalty out at $9m if/when commercialisation begins which is very favourable to Weebit.

Cap raising done on IPO will be sufficient to last till end of 2017, at which stage a partnership/JV is intended to be entered into and funding sought from that

Dadi eluded to 3 business models to take Weebit to market, and will decide on best one as the time gets closer. It does not make sense to choose one yet

Mid 2017, information around the tech will be shown to interested parties. This info can’t get shown to market as it basically reveals how they are doing what they are doing – this is also important to note as they have to be careful and balance how they release information to the market.

Leti report (I think) will be released to market in early 2017 which will spark some proper interest as they are allowed to divulge progress and some information as well as talking to what the next few months will bring. I might need someone to confirm this is being released to the market.

There were some other interesting points but that is the bulk of it. I don’t see much happening until early 2017 rolls around but things are certainly going to get interesting next year and i am very glad i have already built my position to say the least.

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Thanks TMacker for reporting. Great effort. Think it helps when you meet people and get a feel for them. Looking forward to 2017!
WBT Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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