It's been almost 2 years since we caught up with Coby. Honestly, it was easy to write this company off as a pure meme stock with no real commercialisation potential, and much of the market did. But they are generating real revenue which is growing rapidly (off a tiny base), and appear to be in a unique market position.

Specifically, one of the only independent developers of ReRAM tech (outside of in house developers) and with something of a first mover advantage. Moreover, there's expected to be a huge growth in demand (Coby cited estimates for 45x growth of this tech in the coming years) as edge computing, Ai, IoT and other big trends continue.

That's the claim, at least, all of which needs to be verified. As Coby in fact urged investors to do.

If there's any legitimacy to that, this could easily be a top 100 stock in a decade's time. Coby said as much, and he's certainly one to talk a good game.

Still..

As we've seen, this is a space with extremely long lead times in terms of deals and manufacturing. And while they have $80-odd million in cash, they are burning through it quickly (there's near enough $50m per annum in people costs..) AND Coby said they are beefing up resources. I guess they need to, and he made that case well, but it's a given we'll see a bunch more capital raises before they can stand on their own feet.

And, it's a super specialised field which, for someone like me, is extremely hard to wrap your head around. I'm sure there are lots of unknown unknowns that could represent serious risk.

Even if it is ultimately very successful, i'd expect it to be a long and volatile ride.

Not trying to be negative at all. Just realistic. This is a high risk, high return investment that'll take nerves of steel to hold. And it's hardly a microcap, with the market cap already above $1 billion you could say that a decent upside is already priced in

It's not for me at this stage, but worth keeping an eye on.

Transcript is here: Weebit Nano Transcript 2026.pdf