I think it’s just that attitude that lead WBT to back end via a shell onto the asx six or seven years ago. Explanation - they could have listed in Israel with the backing of local instos with plenty of initial funding, the proviso being that those very venture capitalists install their guys on the board with subsequent loss of control therefore setting the company up to fail before it even got going. The failure coming from groups not understanding the semiconductor space and its associated timelines.
What the asx provided was access to the liquidity required, capital without the rigid conditions associated with unenlightened understanding, the absence of preventing the company getting through the initial, early phases. I choose to use the Meitav involvement as a significant marker in WBT’s advancement as these guys have analysts who know SC’s and are comfortable to let this board continue to do their thing unencumbered.
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Another year same old excuses, page-2
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