This announcement is ground breaking and will give them a long runway into the future.  As they have been focussed on the embedded aspect of commercialization, as it is more achievable in the short term, they have always known the discreet market is a larger one that would be addressed afterwards.  Well they have achieved this milestone months ahead of schedule, and while this is not the commercial/fab transfer news investors have been waiting for, it is very good news nonetheless. 

Disc.  I am a long term holder of this company who believes they will be a major player in the semiconductor industry in the future.  Their BOD and management team is of the highest quality.

Weebit's report was as expected.  They have never wavered from their program other than accelerating development in associated domains with the additional funds raised over the past few months.   Upcoming announcements over the next six months with prove the potential of this company.

Well, here we go again.  Another capital raising.  I have been following this stock since its listing in 2015 and have been an investor since 2017.  I definitely could/should have waited until they were further ahead in their development and didn't have to suffer through numerous capital raisings, most of them dilutive, while one was consolidating.  I am a patient investor who bought because I love the story (history shows this is not the most viable tactic) and am a firm believer in what their product will achieve and how I will benefit in the future.  It's what my investing thesis entails.  I remain a faithful and will be taking up another allotment, for they have a new product with a huge addressable market in ever expanding fields using semiconductors.  The board of directors is as strong as any listed on the ASX, with a vast weath of knowledge and experience.  They are also current shareholders.  The road from development to revenue is unpredictable, but......their day will come.  Until then, I will to continue following my mantra of patience, patience, patience.  DYOR

This is an addendum to the above.  The capital raise was extremely successful (though once again dilutive), raising 5 fold+ the amount of funds originally planned.  They are now locked and loaded, with 10 million in the bank.  It's now time for the financial side of the business to match the technical one.  With a well connected BOD and a quiver of potential applications running far into the future, the next 9-12 should (will) see the company become the butterfly no one yet sees.  Patience, Patience, Patience. 

Weebit Nano is an Israel-based semiconductor technology company that is developing the next generation of memory technology.  It seeks to offer a quantum leap in memory and data storage that aims to allow faster, more reliable, and more energy efficient memory through  ReRAM technology that has significant speed, power and capacity advantages over flash technology.  It can enter markets that require low power and speed that existing flash technology cannot meet.   There is a need for significantly faster and more energy efficient memory devices for new applications such as machine learning and deep learning systems.  They are at the stage where they are looking for their first major company by the end of this calender year.

 I think this is an interesting high- risk investment.  It’s board is very experienced and highly respected in the field.  Plus they are all large shareholders.  I am a shareholder in this company that requires patience.  Please do your own additional research.

I'd like to update that since the above straw was written, there has been a capital raising, a resigning of contracts with patent licensees and their fabridator.  They've advanced the technology, joined with an Indian tech group to evaluate the techology and added a Chinese tech consultant.  They have continue to reach targets and it will be up to another two years until they see genuine revenue.  I'm all in with them and am still a believer.

Here is my latest update.  The company has made arrangements with several individuals and companies in several countries around the world that will strenghten it's development and marketing.  They are moving ahead on several AI fronts that if and when (and that is a key) their product comes to fruition, and is accepted in the marketplace, will be a very successful company.  Of course this is only the opinion of someone who has been, and will continue to be, a long term shareholder and who fervently believes in the potential of the product and the quality of it BOD and management.  DYOR.

Here's my latest update:  They have reached every milestone and both proved and validated the technology.  They are looking for production and revenue by end of 2020.  This is a company with a bright future in which I believe and have invested accordingly.  DYOR
 

Let me start by saying, I swallow a good story.  Want to believe.  It’s good vs evil.  A good story has to win.  Make me feel good and make a profit.

Weebit Nano (WBT) came across my eyes in Jan. 2016. It’s a semiconductor technology company developing next generation memory technology.  It has a great sounding story with a potentially huge market,  It has put together a strong team, including it’s chairman, who at the time of his leaving Intel in 2014 was Executive VP and Chief Product Offer.   They’ve constantly met all stated goals.  The key now is finding that first major customer.   Everything else is in place.  (All the above is discerned from several sources.  Much from the company itself which surely contains dosages of propaganda)

The great fears are; the product doesn’t work, more funds need to be raised, they can’t find customers.   These are certainly just some. 

This straw is written to open discussions on an interesting and potentially good company,   Anyone purchasing shares would be buying a speculative company,  They could lose it all.   But if they are interested, they should investigate.  Draw their own conclusions.  Make their own decision.

From a quote I’ve now read twice recently (most recently in a Motley Fool article): To make money in stocks you must have “the vision to see them, the courage to buy them and the patience to hold them.” Patience is the rarest of the three.

Six months later and the story remains pretty much the same.  There have been advances with development, partnerships arranged and capital raised.  Nothing moving the share price.  The story will take another six months to begin playing out, but when and if it does to the degree I expect (realistically, I can't count on expectactions actually happening to the extent I imagine) this company's share price will move, and rapidly. 

I own shares in Weebit Nano and keep adding to my holding.

PMonkey