Ann: Quarterly Activity Report and Appendix 4C for Q3 FY2025, page-21

There is actually, a pretty big difference between an opinion and a possible scenario, which is what I provided. I offered a scenario where things went very well - it is not my opinion. That scenario was designed to help me refine my opinion as it challenged my current beliefs about the stock), and I shared it with the community here so that they will point out the error of my ways, or reaffirm my current thinking. In this case, I deliberately chose a very optimistic scenario to test the validity of my opinion about this stock - it is not an opinion about what I think will happen. So it is absolutely clear to everyone on the forum, here is my opinion and the basis for it. It is rather different from the scenario.

My opinion is that, because 4DX needs to double revenue every year for the next four years to become profitable, combined with the fact that this very rarely happens to listed companies, leads me to believe that it will be quite a few years before 4DX reaches profitability (if ever). My best guess is that given the stock struggled to raise anywhere near the cash they needed during the last capital raising, the stock is likely to experience a series of capital raisings over the next few years that will increasingly weigh on the share price leading to a cycle of larger and larger dilutions of the stock making the chance of it becoming a profitable investment if purchased at this point very low. I rarely, go short on companies, and am unable to in this case, but I believe that even after the large falls, 4DX represents an excellent shorting opportunity.