The date for security holder meeting/approval is next Wednesday
The record date is the following Monday
It’s a 25:1 consolidation
https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4gi4zBSZt%2FVtke92GA%3D%3D
I agree, I think consolidation is a tacit precondition to partnership and one that may even involve a 10-15% equity investment in WBT.
I say this based on Coby’s public comments about what they hope to get from a “key industry partner”. The answer as memory serves was somebody WBT could develop the tech with and for, as different chipmakers have different needs.
As WBT is going for a low-cost and high-volume production scenario, this narrows it down to one of the larger chipmakers imo. -And they will no doubt want to become a substantial shareholder and have a seat on the board.
Opinion only, not advice, dyor etc
The date for security holder meeting/approval is next...
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