WEEBIT NANO LTD (ASX:WBT) - Weebit - 2024 and beyond, page-1069 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by Surfguy: ↑

I have been on 2 unicorn runs from the beginning, ISX and WBT. The similarities with what happened to ISX and what is now transpiring with WBT can be traced back to the shorts imo. It is a scary scenario for retail investors as it shows just how little power both the company and ordinary investors have to combat a system that has been designed to protect the market makers.
ISX's troubles started at $1.7b MCap with a short report, commissioned by unknown parties, that has been proven to be almost completely false. The reporting by AFR in particular but all other MSM was 100% supportive of the short position with dozens of articles calling the company and it's CEO in particular corrupt. After nearly 5yrs of fishing expeditions, investigations, court cases and scrutiny still nothing. These shorters have friends in high places and are very goid at spinning a narrative to suit their position and somehow able to have toilet rags like the AFR do their bidding. Owning the narrative is very powerful in helping destroy inventive revolutionary tech like ISX and WBT. In ISX's case it didn't help the their technology was a massive threat to the ASX. Thankfully they were able to escape to Europe and are growing exponentially again.
While WBT is no threat to the Oz financial system that continues to slide down the corrupt country index due lack of AML & KYC controls that ISX provides, the shorts appear to be using the same playbook to cast the shadow of corruption on WBT's company officers and related parties. This is of course designed to create an environment of distrust in the WBT team and thereby stop new investors buying and help convince non committed holders to sell. Look for these types of articles to increase if the shorts can't manufacture a capitulation.
Whilst the shorts now have no sway over ASIC due to the sacked Deputy Commissioner's exposure of communication with a shorter at the ASIC Senate Inquiry it doesn't mean they aren't working in the background at both ASIC and ASX to help their cause. Money can be a powerful persuader. After what I witnessed with ISX I have zero faith in ASIC/ASX and certainly only have contempt for toilet paper AFR.
Very dark, yes I know that's how it comes accross, but when you go through this type of corrupt action as an honest person and investor it kind of rocks your beleif system and opens your eyes to how absolute power corrupts absolutely. To end on a positive note, if shorts are now feeding gullible journalist this tosh then it could signal they are getting desperate because if this is all the dirt can dig up they could be running out of bullets.

Expand

It's also important to re-read Coby's response to that AFR article, and to the other article in Capital Brief. Coby wrote it on Linkedin.
Note too his acknowlegement to Blair Beaton of the ASX (and Blair's response in the replies).
It's clear to me that Coby is acting in a totally professional manner in his response to these unfounded attacks.

https://www.linkedin.com/posts/coby-hanoch-85a3271_daniel-van-boom-of-capital-brief-posted-an-activity-7176558332323741697-N-2R

All IMHO, DYOR

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(20min delay)
Last $2.27		Change -0.010(0.44%)		Mkt cap ! $428.5M

Open	High	Low	Value	Volume
$2.29	$2.29	$2.25	$1.276M	561.8K

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