4DS - Anything but Charting, page-18276

To use the bastardisation of Occam's Razor aka simpliest explanation is usually the best one, I propose that what best explains recent 4DS history is that 4DS is not in control of the bus. Rather WD drives the bus.

• What if 4DS is a "hostage" of WD or at the least WD is able to exercise coercive control? - via access to /or prioritisation @ IMEC, NDA to control release of information to shareholders/third parties, prioritisation for patent processing & ultimately determining the technological finish line for transaction ?

• Is this why at AGM Dave was scared / adamant that Board would not do anything openly to risk relationship with WD (ie inform shareholders of the 90%+ of company not owned by directors of the results of last 5 years of research funded by capital raises from aforementioned shareholders)

• Should the announcements be read as a "cry for help" to the outside world, with primary audience being potential acquirers (not shareholders) who would set 4DS free?

• Could WD repeatedly moving the goal posts explain delay - e.g. unplanned additional non platform lots resulting in a more technically challenging platform lot?

• Did the directors attempt to fight back last year by doubling normal capital raise, announcing sales pool, setting strategy of MB &/or corporate transaction for 2021 & bringing Dr Van on board? Has the actions of Dave & JD represent raising of the white flag?

• Lastly why did Guido let 36 million options lapse & choose at his "request, the key attribute of any incentives is that they will be 100% success based and tied to the successful commercialisation of the Company’s technology; i.e. via a takeover of the Company, or a sale of the Company’s intellectual property"?

What about GUIDO?

Recent commentary on actions of insiders have not mentioned Guido's decisions regarding options/incentives. Last year some posters rationalised that as an engineer he is more interested in the technology than the $$. Are the 2 mutually exclusive? I don't think so - he may be looking to optimise both.

Of all the insiders, Guido is the guy who would best understand the technology (& it's challenges) having spent years getting his hands dirty by working on it & with WD. His decision to preference an uncertain long term financial reward over short term internally controlled / dependable reward needs to be part of any interpretation of reading the tea leaves of the last 12 months.