WBT 3.27% $2.96 weebit nano ltd

A couple of things in this post that stand out to me.People are...

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    A couple of things in this post that stand out to me.

    People are excited about the potential of this stock but it has not yet been commercialised. The monies WBT got in the CR is to strengthen the sales and marketing team and increase marketing with an expectation set of mid 2021 for product launch. The below article was from Dec 31 2020.

    The marketing is likely to be targeted at companies that would become customers and the sales team is likely trying to bag a good customer/s. Does anyone have more detail on who the customers are/would be and any intel of how the push to commercialisation is going? From experience it could take 6-12 months for a new sales team to gain market traction so mid-2021 is an aggressive target, but not unachievable.

    Trigger points for buying more of this stock would be regular updates from WBT on how their marketing and sales team are doing (there needs to be something substantial here to support the current market valuation. Trigger for selling would be if WBT shows no evidence or makes no announcements on how they are progressing to commercialisation of the products.

    WBT may have a great product but if they can't sell it then it means nothing. Luckily the company does have some experienced heads and good connections. The next few months will be very interesting. Does anyone know when the next announcements are due?

    https://hotcopper.com.au/data/attachments/2837/2837094-4c716c8373250676dedaf4d896b3a590.jpg

 
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