Probably time to repost this video by Prof Tour to see why Weebit has the best specs over all other ReRam techs.
Any positive posts will probably fall on death ears right now or be called blind optimism as the sp just touched 12 months low yesterday so we'll just cut the crap. People will thumb up any crap when the sp is at all time high but the sentiment is completely different when the sp is down. I'm still green right now as I bought a heap when it was 1.5c and traded plenty when it was higher up.
I think it's about time for me to seriously think about position sizing again as we get closer to a partnership. I doubt it will 10 bag overnight when it eventuates but depending on the deal it will put WBT on a solid foundation for future growths. Remember that any chip revenues, if all ducks are lined up, is still 3 years away. But that doesn't mean we can't be 10-50c between now and then either.
So how is a partnership likely structured? Since that crazy BIT run I've been looking at a few biotechs and came across a few with partnerships already in place. I think a partnership similar to what NEU currently have might be a possibility. They've got US$10 mil upfront plus hundreds of mil in milestone payments plus 30% royalties on all profits. I see biotechs as a good comparison due to the similar time it takes to commercialise the tech and possible further derisking required even after a partnership is announced.
I was pretty pissed to see the seeds and 1 director selling but I believe the reason for the director selling seems to be genuine, and as for the seeds, it is probably customary for them to take some off the table. As we have seen with the option holders - they converted half and sold to derisk while holding onto the other half where they've had plenty of time to convert and dump all if they wanted to.
I get a good feeling that we are close to the bottom right now. If not the sp might go down and fill that last gap at 2.2c - which is only 5 pips from where we are right now. So if you've held on when it was at 8c, then 7c, then 6c, then 5c, then 4c, then 3c, then it wouldn't make any sense to sell out right now where the odds of a bounce are getting stronger by the day. Not financial advice by the way so please don't sue me!
By the way Weebit is not my only holding even though I only post on it. The older I get the less time I seem to have these days. I hold and traded plenty but WBT is my only long-term hold at the moment. That could change if the fundamental changes.
I'll be loading up more when a definite change in trend occurs.
(20min delay)
