And they now have $47mil plus some extra from the last bit of options plus they should have R&D tax refund from both AUs and French, this would make their cash position over $50mil. With the whole year burning being $16+ mil, even the R&D significantly increases in 2022 and 2023, the whole money bank should comfortably cover to the end of 2023. Just imaging by then they have FAB qualification, most likely more than one, and they will have more than one customer. Both FAB and customer will pay WBT upon sign up the deal as they can start mass production. There will be money flow in as each single one of the chip is out of the factory..........
Ann: Weebit Nano Q2 FY22 Activities Report and Appendix 4C, page-7
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