Wow. Well yep, that was market sensitive. 65% down for the day at time of writing.

So, for whatever technical reasons beyond my comprehension, their memory product doesn't work (as they expected) in a way which would be suitable for commercial application at least.

They will be looking into this, and the guy who was supposed to help with commercialisation will be stepping aside for now to renegotiate a position when 4DS is further ahead...presumably in a few years now.

Several executives and all board members will be deferring fees for the next few months and my guess is there will be a cap raise after that period once they have a plan in place.

Ouch.

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02553657-6A1104625?access_token=83ff96335c2d45a094df02a206a39ff4

Guido Arnout (non-executive director and advisor to CEO) has been active on the market. Exercising $168k of options ($0.042) and by the looks of it using his almost immediate doubling (market price of $0.081 at time of writing) to buy up another $200k of share on market.

Forgive me if I misread the announcement but that's my understanding of it. Still learning.

Not bad news at all! Especially having averaged down my entry cost over the last few weeks into someone else's tax-loss selling.