I'm looking forward to reading the 4C in the morning but just as a reminder to everyone, according to the last 4C, WBT had enough cash in the bank to last another 3 years. As soon as they start reporting any significant revenues, that will extend their runway even further into the future. So there's not much chance WBT will need another CR anytime soon.
When we start seeing useful revenue, it will be interesting to watch the SP respond. According to the 5 year chart, we are currently still bumping along the bottom in the range $1.70-$2.00 which has essentially been the base support level for the past 5 years. Please check it out. Then there was the weird glich 3 weeks ago where the SP dropped its pants and briefly touched ~$1.40. Some bargain hunters topped up down there whilst the finger-waggers and naysayers warned of more pain to come. But as I predicted at the time, the SP didn't stay down there for long, and the SP has returned to its LT support level. But from ~$1.80 at close today, the chart suggests to me that the upside is still to come.
All IMHO, DYOR
WBT Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
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