Current short position is very healthy in my opinion. It’s a waiting game now. If you take a look at the blurry picture below you can see on the wheel the number of companies just in the automotive sector and chips required for a single car.
Let’s assume 2 maybe 3 have their own reram tech then it gives you the sheer numbers of companies that will look to Weebit for IP. MRam doesn’t make sense for a seat belt sensor. As Electric cars start to dominate the sheer volume of chips will require lower power and space savings. Power is precious with electric cars. As pointed out by Coby MRam is off the development map for some big players.
I honestly believe the spike to $8 a share was a Navidia high as ASX doesn’t understand what’s going on here.
I think 2025 will be a maturing year for this company and hopefully the market cap will reflect this.
WBT Price at posting:
$2.16 Sentiment: Buy Disclosure: Held
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