Hi Yite. My view only. I tend to agree a CR is on the cards at some point. I don’t see this as a complete negative. As you say, they need more staff and this only speeds up work.
My wish this comes after some further key milestones are announced. Perhaps a Teir 1 signing. Hopefully the SP is more like $10-12 and only a 5% capacity use to limit dilution. To raise $60M in the current environment, you would perhaps want a bit of further derisking events perhaps to be announced???
That would have some $90-$100M in the kitty. And still only circa 180M SOI.
Still very solid numbers from above and everyone can probably see is sound practice from Weebits end.
Running discussion on SP, page-1326
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