Not even going to look at the numbers (it’s a big fat cash burn hole), rather, if you look at my previous straws this is a story of belief they can get there.

The update is full of positive messaging, successful testing, and new patents to protect their IP.

More importantly though they are edging closer to commercialisation. Or so the story goes. I’m still in the band of believing the story and will continue to hold. 

Listened to the update call this afternoon - should have waiting to post the earlier straw.

Couple of takeaways:

• These guys are techo’s not business BS’ers.
• My (naïve) idea was they were going to be chip makers. The plan though is for the commercial model to be both a licence and royalty. The tech to be licenced to third-party manufacturers and then a royalty for each of the products that gets sold.
• There is also another revenue stream in NRE, or non-recurrent engineering. The consumers of Weebit tech engage the team to build to their spec for interfaces.
• They claim the delays in getting deals done are due to travel restrictions. I agree, there are times when having a meal and spending time with people is the fastest way to build trust. You cannot do that over a conference call.

 One thing that slightly concerned me was the team were not completely aligned in their answers. Putting that down to them being techo’s.

Let’s start with I hold, and it has been a wild ride. Unfortunately, or fortunately, it is a small holding. Unfortunately, as it 10x not too long ago, fortunately, it then halved. If it were a bigger holding, I would have acted instead of sitting on my hands.

Today’s announcement continues to be positive. They are edging closer to commercialization and there are applications galore. The ability to get into production is being hampered by the global chip shortage. Maybe that includes a little paraphrasing.

If you believe in the story this is a fun place to be. This fanboy is continuing to hold looking for the day production becomes a reality.

If the story does not eventuate, I’ll be back to fortunately.