Ann: Extension of Voluntary Suspension, page-433

This is the part I find interesting from Pitt Street research 23sep 2020....Megabit array may be enough for a trade sale While 4DS is aiming to produce a megabit array using Interface Switching ReRAM technology, we believe the memory market requires gigabit arrays for SCM applications. In other words, more development work will be needed to get to a market-ready product (gigabit ReRAM chips). However, it has been the company’s stated goal to find a potential acquirer for its technology, rather than develop the technology to maturity itself and license it out to chip manufacturers. Furthermore, building a gigabit array is relatively straightforward once a megabit array has been produced. Therefore, we believe that even if 4DS only develops the technology to the point of having a megabit Interface Switching ReRAM module, that in itself may be sufficient for potential acquirers to consider a take-over offer. The acquirer would then need to take the technology to the gigabit level to be able to address the SCM market.