Imec and 4DS and the ongoing lack of information from research being funded by 4DS shareholders., page-17

I am that person abovementioned.

My quick google reveals this - https://www.lw.com/admin/upload/SiteAttachments/Latham-FPI-Guide.pdf

Now, I must say this - the issue is the way that the Open Briefings are presented. They look and feel like a solicition of the Australian public to invest in the company via the ASX. My point is that if 4DS run exactly the same thing in the US, they will run into potential trouble with the SEC because they cannot solicit investors publicly in the US.

There is scope to do so privately and it just needs to be in the right format (read the guide). A public event is likely to problematic. A public listing in Australia does not necessarily carry through to the same rights and privileges of a public listing in the US.

I get that the briefings are not alluding to a specific capital raise. However, when one promotes a company with a view to potentially inducing a US-based person or company to buy shares in an ASX-listed company, that activity is captured in the loose interpretations used by the SEC. Now, one can talk about the technology and only focus on the technology without any allusion to investing in 4DS. However, that is not what the HC forumites want, is it?