Hi @Harmattom, I'm not trying to start an argument, but I read...

Hi @Harmattom, I'm not trying to start an argument, but I read the following lines from the prospectus:

The proceeds from this capital raising will support:

- Continued development of the discrete memory component, growing it to larger arrays
- Constant improvement of the technology parameters, making Weebit’s ReRAM even more robust

As referring to improving the yield of their process. Also all the stuff about working with SkyWater to get volume production going. You can't just license a technology and let the licensee iron out all the bugs. You help build the process and get it working in the foundry in the initial stages. You even pay some of the way. That's normal.

You said
"reality is they would most likely not need any more than the 70mil they have after this raise to execute model they have promoted for 5 plus yrs now and at speed!! yes they may raise more to either expand faster or extend more into AI etc but they are bonus plays."

You are hedging your bets here. Which is it? Are they going to raise more money, or aren't they? The fact is they are - even at the next AGM they had a resolution to raise an additional 10% over the next 12 months. The only reason it was removed is now their market cap is too high, so the can't do it under ASX rules. They will have to raise the money another way.

Note I'm not saying this is a bad thing. It is normal for this sort of company at this stage to need to raise a lot of capital. I just hope they don't do it by diluting existing shareholders even more.