100%. As much as we all are grateful to read a higher valuation, the fact it was commissioned by Weebit Nano, not long after they commissioned Pitt Street Research to write an update to their own valuation, is a red flag to me. I’m desperate for good news - but why is Coby commissioning these entities to write forecasts when he should be focusing on deals - and does that mean deals are still a way off? And why would he write a post on LinkedIn thanking this group for “initiating” the report, when in fact Weebit commissioned the report?! I’ve always been a big fan of under-promise, over-deliver, and I can’t help but think Coby’s got this the wrong way around. Many of us bought shares when the SP was high, as Pitt Street Research valued it at $9.56. The shortes used this as an opportunity to pump and dump - so why wouldn’t they use this latest reporting to do the same. Why is WBT paying not one but two (that we know of!) companies to write reports valuing the SP at many multiples of what it currently is?! Why is he talking about shorters (which haven’t been surprised yet by any means!) and why is he opening his mouth telling us about all these amazing deals apparently happening, that don’t actually eventuate?! All this has resulted in home runs for the shorters. I hope Coby can not talk about any deals, until we receive the yellow alarm bell notifications that the deals have been done. No more reporting, no more comments on shorters, no more dangling carrots about deals- just tell us when the deals are done. Yes, I’m jaded AF, having lost a WHOLE HOUSE on this share price capitulation, and I’ve lived and breathed Weebit nano, read every story, watched every interview, hypothesised on the valuations, read all your posts, crossed my fingers and toes and had many sleepless nights trying to come to terms with losing over a million dollars praying for some news. I don’t want to read any more “maybes”, “could bes”, “we’re trying”, “they’re gunna be surprised” - I don’t want to read any more of the Pump crew’s attempts at creating FOMO to artificially inflate the share price so they can sell and start the process again (which I suspect is exactly what happened today ahead of another dump next week). I’d like to see absolutely nothing from the company until REAL NEWS - REAL DEALS - are done. Happy weekend.
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