Running discussion on SP, page-101

Last time the SP dropped to sub $2 it raced back up to $2.89 causing the company to receive a speeding ticket on 18 May this year... all without the stimulus of a price sensitive announcement.

"Weebit Nano Limited Ltd (WBT or the Company) refers to ASX’s letter of 18 May 2022 in relation to the change in the price of WBT’s securities and the significant increase in the volume of WBT’s securities traded from a close of $2.27 on 17 May 2022 to an intraday high of $2.89 at the time of sending the letter today."

Those selling currently (other than pip traders) are doing so imo primarily because of a need for cash or out of fear given the Dow and European bourses are in decline because of inflationary pressures, It's causing the SP to be walked down in small increments ... however the vast majority are holding fast. Why?
Does flash still need to be replaced? .... yes. Is WBT one of the leading contenders to replace flash? ... yes. Will WBT be mass produced by SkyWater early next year? ... yes. Has anything changed within WBT to warrant the SP decline of late? ... no. Has Meitav Dash sold off some of the approx $22M worth of shares it purchased at $2.84 in November last year? ... no.

Every time Coby opens his mouth he speaks of discussions with other fabs ... and "major fabs" at that ... as well as how good Leti's qualification results are ... so I have little doubt his prediction WBT will have a second fab signed up by the end of the year will come to pass and that SkyWater's successful qualification is pretty much a given. Hold fast Weebiters ... substantial rewards are looming large imo.

Not financial advice ... my opinion only.