WBT - Weebit Nano

[Als2own]

Nothing happening here. Stock trading sideways. Every rise is being sold into. Shorts increasing to 8.35%. Think it will take a run of positive news to get this up and going. Might see the tape out completed soon as directors have been adding to their positions

 

[Als2own]

There is the news I’ve been waiting for. Tape out is completed to DB HITEK. Very positive milestone. Only need to manufacture some wafers and get qualification completed. It’s only a 9-12 month process. No short cuts here. Need a lot of patience holding this one

 

[debtfree]

There is the news I’ve been waiting for. Tape out is completed to DB HITEK. Very positive milestone. Only need to manufacture some wafers and get qualification completed. It’s only a 9-12 month process. No short cuts here. Need a lot of patience holding this one

Here is the news @Als2own speaks about this morning.
The link for the full Announcement: https://www.marketindex.com.au/asx/...24-activities-report-and-appendix-4c-3A646911

 

[dyna]

The cash flow statements further down are a bit stomach churning . Everything in brackets so cash flow is all , um , outflow . Just for now , one hopes eh ? Best to cross one's pinkies and just whistle Dixie " look away , look away " !

 

[Als2own]

Well 3 hours in today and WBT up over 10%. Amazing to think that 1m of revenue could do such a thing. I can only surmise that the market is forward looking after all. Who knew

 

[Als2own]

Shorts dropped by 5m with the the MSCI rebalancing. Since then 3m have been added and pushed this down to 12 month low. Wasn’t expecting to stay in the ASX 300 and strapped myself in for an even bigger fall although the opportunity to top up would have presented itself. Holding this for the long term. Looking for another fab to sign on this year to get this snowballing in a couple of years and with that the future should be very bright indeed

 

[Dona Ferentes]

An invite, if this is your thing

Semiconductor Australia | Investor Conference

Australia’s premier semiconductor, quantum, and photonics event. Semiconductor Australia 2024 brings together Australia’s brightest deep-tech entrepreneurs, industry and innovation policy makers, and the international investor community to discuss the opportunities and roadmap to secure...

www.semiconductoraustralia.com

Presenting companies include BluGlass Limited, Weebit Nano, Silex Systems, Archer Materials, 4DS Memory, Morse Micro, Silicon Quantum Computing, Diraq, Quantum Brilliance and more

 

[Als2own]

Quarterly out this morning. Still have 57m in cash. A lot of evaluations going on with fabs, product manufacturers and IDM’s. Expecting to sign with someone this calendar year. I wait in anticipation

 

[galumay]

The ultimate narrative speculation! 0 revenue, about $5.5m cash burn for the quarter, or over $20m per year! Share count up about 50x in 10 years, a direct result of endless cap raises to fund cash burn from speculators pockets! Just incredible.

 

[Als2own]

Up 50% in 5 trading days on no news and no speeding ticket oh and no meaningful revenue

 

[Country Lad]

Up 50% in 5 trading days on no news and no speeding ticket oh and no meaningful revenue

The Australian had an article on 8 November which I think quoted a Stockhead article. which moved the price. It was a regurgitated presentation made at the Semiconductor Australia 2024 Conference a week or so before.
Probably sparked some interest from traders who did not know about WBT.

​

 

[Country Lad]

The Australian had an article on 8 November which I think quoted a Stockhead article. which moved the price. It was a regurgitated presentation made at the Semiconductor Australia 2024 Conference a week or so before.
Probably sparked some interest from traders who did not know about WBT.

​

@Als2own part of the article you may have missed

Currently, Weebit’s R&D team is making progress to advance high-temperature automotive qualification tests and testing its 22nm FD-SOI silicon, which has been showing promising reliability.

The company filed more than 70 patent applications,, fortifying protections around its R&D efforts. Only in the last quarter the company was granted an additional nine patents.

Weebit is now in discussions with over a dozen leading foundries and integrated device manufacturers (IDMs) as potential clients, in addition to many leading product companies.

Last year, Weebit signed an agreement with DB HiTek, a South Korean semiconductor manufacturing company with whom Weebit is progressing towards the qualification of ReRAM demo chips, expected to be completed by mid-2025.

 

[Als2own]

The ultimate narrative speculation! 0 revenue, about $5.5m cash burn for the quarter, or over $20m per year! Share count up about 50x in 10 years, a direct result of endless cap raises to fund cash burn from speculators pockets! Just incredible.

Well well well who in their right mind would invest 50m into this speculative stock. People who can see the future or you could wait 3 Years when revenue starts to drop and pay 3 x the price. I think need some new sunglasses as the future looks a lot brighter to me