Polarising!- love it! WBT has become a genuine battlefield...

Polarising!- love it! WBT has become a genuine battlefield stock. such massive and distinct catalysts and detractors to the SP. It’s a battle of the short term (seeds, consolidation, cash & impatience) vs the long termers (potential, gaining an understanding of the scope and breadth of these ‘peripheral’ deals/avenues/sectors)

Today’s announcement, whilst not having placed a single shekel in our coffers nor shifted the SP one pip, should have given the most distrusting & pessimistic observers a little extra to consider...

The Technion doesn’t dabble in sheet. If you have something unique to offer, no one plates it up at the table faster and tastier then the Technion. The level of trust they’ve built over so many years means they’re able to invite the biggest and hungriest of folk round for dinner. This announcement should be viewed as a fairly significant endorsement of WBT’s technology and its potential future use across various applications.  I believe It shows the genuine value, insight and foresight of people like Coby, Yoav and Dadi. Bringing the tech to market is one thing; adapting, future gazing and taking the necessary steps to try ensure you form part of the new ecosystem is genuine genius board at its best.

It’d be a tough bloody task to find a group of 3 individuals  on this earth that have a better understanding of what a mass tech rollout REALLY looks like, how it unfolds, the fissures of opportunities it creates and what strategic steps to take to rip the biggest piece of meat you can out of it. 

Easy to point out the nasty’s in the room too. Over exuberance, awareness to retail (in then out #31/12), CR, tech episode to general market, ohhh did I forget to mention our seeds....

Personally dont believe they’re done. They agreed to escrow half...they provided themselves a guarantee they could sell half. you surely wouldn’t be too surprised if they sold down their remaining 20-25m. The next issue becomes that Malik and Borenstein (MB) have the balance of their escrowed shares coming online on the 31st of March (dum dum dum). Recent history would suggest more of the same, but again who knows?

Personally, Id like think that MB continue to hold their remaining stake (let’s label them pure business men with nothing but capital growth on their minds and they’re looking at the ecosystem developing around them and probably thinking /being advised to keep a stake in what you would imagine is just a part of their overall investment portfolios ). BUT...let’s just say they believe they have better uses for their capital, and they decide they want out.....I think you kinda have to get onboard with the consolidation...

The battle of the Seeds is nearing an end, if they continue to sell there’s at least an end in sight (10% ~ $4m - not huge) and presumably made easier post 25:1 (again assuming it’s going to happen either way in this scenario). Can’t see MB throwing all caution to the wind and trashing their own investment - suspect not losing money is just as important to making money to pure investors. 

If they hold, great! Less around if and when the market gets the shorter sighted catalysts it’s been after. Personal opinion will be 0-3 months post formal 28nn announcement. I think that the 28nn acted as a bit of a circuit breaker once they confirmed the speed of which they could scale down.

so back to the announcement at hand.....yet to fill the seeds and yet to give the market what it wants....BUT I feel as though we got a wink and a nice big pat on the back from our wise and well connected uncle today...battle at hand but war to be won.

AIMO