Looking forward to seeing when these commercial agreements...

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Memsl

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24/01/21

15:39

Post #: 50408513
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Originally posted by Memsl: ↑

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?

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Looking forward to seeing when these commercial agreements materialise. Care in communication is needed by WBT to ensure they don't overreach on their statements "nears first commercial agreements" comment was back in September 2020. Whilst it doesn't set any timeframe sets an expectation that something is imminent. Peeps on HC were making convoluted statements at the time that we might expect commercial contracts before Christmas last year (total upramping/speculation on no factual evidence).

Briman joined the company, has spent a couple of months planning out his strategy most likely, and is now hopefully working to deliver it. But who knows as we have not heard anything. At the moment WBT is still just engaging and progressing discussions.

Given December and Jan are dead months due to Christmas Briman is probably only just ramping up. If the money is to partly "bolster" the S&M team I am expecting they will be actively hiring new staff (anyone see any new job postings?) else what is the money raised being used for. According to LinkedIn the company has a total of 13 staff (unless other staff are not listing their profiles on the platform) and Briman is on his own in S&M. Eran Briman's got his work cut out for him and it would be nice to know how he's getting on.

My take on this is that we shouldn't be expecting any material announcements this side of April/May 2021, if they do come through earlier that's a bonus. In the meantime I expect some retracement on the stock price as the current valuation is based on FOMO and is purely speculative.

WBT Price at posting: $4.00 Sentiment: Hold Disclosure: Held
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