Response from Eric from investor relations."Regarding Yoav’s...

Response from Eric from investor relations.

"Regarding Yoav’s consulting fee, this was increased in line with the increase in his time commitment – that is, his fee doubled meaning his time commitment has also doubled. Given the company is moving forward and progressing with its productisation and undertaking many discussions with potential partners, there is a need for the company to hire additional skills (in R&D and business development). Having Dr Nissan-Cohen increasing his role allows the company to delay the hiring of the new roles, while also utilising Yoav’s substantial capabilities (he is an expert in non-volatile memory, and he was also a CEO of one of Tower Semiconductors, one of the top 5 fabrication operators). As the announcement referred to, Yoav will be applying additional time in assisting Weebit to prepare for its technology transfer to a production fab, and in discussions with potential partners. I can assure you that this is not a “lifestyle” company."

Im disappointed with the price drop like everyone else, but ill continue to hold, i havent seen a shift in fundamentals, and ive never asked investor relations a question i didnt get a reasonable and straight forward response to.