Chairman has left.... with no explanation. Concerning given he was so confident/engaged at the AGM. Even mentioned he didn't need to be there at his age but interesting problem to solve. What has changed in 2 months?

Continually disappointing news.

I attended the AGM last week - gave me a bit more confidence that there is still a plan/not all is lost. Will continue to hold

2 things required to get product ready for sale > demonstrate that you can write to the cell, and demonstrate how often you can write to the cell i.e. 10^17. Both of these will be demonstrated in the next platform round. Assuming success, the product will then be taken to potential acquirers. At the same time, they will likely start a 5th Platform lot to address any "functionality" that they haven't got data for but an acquirer might ask for.

You only get 1 shot with these people. 5 key players including Micron, Samsung, Hynix. They wont talk to you without a megabit array supported with extensive data. Fab would cost $5-$10bn to build so only large players would be interested. Ken Hurley will also then come back.

Likely 1 more raise in 2023 to fund platform 5. Another 12months of work

What went wrong: The cell is sufficiently complex that need circuitry to test if it works. Cannot see this visually, can only be seen by measuring the final product. Imec measures if its electrically active, which it was. The issue was it wouldn't move from a zero state to 1. Imec didn't think this was possible, very unusual error. But now have a new etch process, 2 other options as well. Testing them all thoroughly before starting the next platform lot

Good luck holders... after the last few trading halts lets hope this one is the news we have all been waiting for... the thing works!

Curious! This annoucement was unexpected so really not sure what it relates to. Leaning towards an update post conversations with HGST but anyones guess. Or possibly resolved the integration issue but seems too short a time period. Any ideas?

my thoughts on the technical update...

> have once again demonstrated repeatability across all 3 metrics (reduces risk)

> have recorded the fastest read speeds to date - previously near dram so possibly matched/exceeded dram speeds? 

> demonstrated these results in high volume production equivalent settings 

> demonstrated scalability (10nm?)

> were able to demonstrate cell switching using an access device

Unfortunately for the second time they have failed to integrate successfully onto Imecs platform and so another 3-6months is on the cards as we wait for these results. Third time lucky? More funding required?

Not surprised stock down today and will probably trend lower until year end. However as a long term holder seems like another step in the right direction albeit a long road thus far.