Exactly. Several posters including myself have been eluding to this for many months. Nothing is a done deal until it is done, only speculation and high risk until then.
A lot of information can be questioned, and rightly so. How many times has an ASX-listed company CEO told shareholders some information that either was true, wasn't true, or a stretch of the truth? How many times did investors believe in a company and the information they were being provided, only to see the company vanish and investments totally lost? Deals that weren't quite as what shareholders were led to believe? Equipment that shareholders were led to believe would cause process improvements, that were apparently purchased and installed but never actually were? Production results that became totally unlike the 'proven reserves'.
For example:
Do WBT actually have a working chip? They say they do. Have you held one? If you haven't, how can you be sure they exist? I know right, I saw a photo of one once so I'm hoping it was genuine.
Have WBT actually sent chips to external parties? They say they have. Was anyone around to see them being delivered? Have any of these receiving parties announced they received a WBT chip and they're excited to be putting it through its paces?
Have the chip specs been met to industry standards? They say they have, and they say they're working on improving this.
Are WBT talking with major parties? They say they are, but how do we really know they are? Speculation until confirmed.
I'm hoping this company is somewhat different to all of the other company collapses I've been personally burnt by, and even though I'm extremely positive about this one, nothing is confirmed until it is confirmed, so I remain overly cautious...
WBT Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
(20min delay)
