WBT 0.32% $3.15 weebit nano ltd

I might be in the minority, but I'm happy with a 1 for 10 CR,...

  1. 90 Posts.
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    I might be in the minority, but I'm happy with a 1 for 10 CR, especially at the small discount to market.
    Half of the $5M is already raised and this is the exact amount earmarked for delivery of the first module to the potential customer.
    Only a 1 for 10 entitlement means those that reduced their holdings in anticipation of replenishing them in the CR will not be able to, and if they want to get back in they will have to buy on market which will help support the share price in future.
    I'm Excited by the prospect of first customer purchase orders in CY20 and hopefully getting paid for the development work already being undertaken if the T2 likes what they see - although if it turns out they don't like it then we're scr*wed - but hey that's the risk we're taking - so if you can't handle that risk then get out now.
    Personally, I think the BOD must be very confident of the technology if they are prepared to take the risk of this development without getting paid upfront and I would back the judgement of this board of directors with their incredible industry knowledge, experience and credibility over the judgement of everyone on this forum who are basically in the dark - I trust that the BOD know what they are doing.
 
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