This outcome would be a really bad sign tbh, demonstrates that...

This outcome would be a really bad sign tbh, demonstrates that WD expects 4DS to fund further development (Board can't justify issuing equity, especially such a large amount, if they have no plans to spend it) AND take a big hit to 4DS's negotiation leverage if WD had such a big voting stake in 4DS.

When 4DS raise cash, far better to take it from a Chinese entity or active investor group, essentially to give the signal to WD and other parties that they better move now or it will slip away. More likely though it'll be another David/Mac Equity 10% churner special and retail investors will be left waiting "just another year, I promise".