I preface this by saying WBT is my most substantial holding and I have continued to accumulate steadily over the past 12 months. That said, there's no doubt about it that the reputation of the board is on the line now. Coby jumped the gun late last year in one of his webinars where he stated he expected a fab agreement by the end of the year. Expectations off the back of this interview along with the paid for analysis giving a price target of $4+ caused the run up at the start of the year. When it became clear the fab had been delayed "because of covid" the SP began a steady decline to where we are now. I think those that have held (including myself) have done so because of the track record of the board who have up till now always met or beaten previous development time frames. That said, expectations have been reset with interviews since that have all but guaranteed fab announcements and commercial agreements by mid year. If WBT doesn't follow through with announcements to this effect by July-August I believe the goodwill of share holders will be severely tested. This will probably cause a lot of holders will lose faith and we will see a significant drop in the share price. I for one hope this doesn't happen but am realistic enough to know it's a real possibility. GLTAH
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Price($) | Vol. | No. |
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