4DS

1.27%

7.8¢ 4ds memory limited

4DS - Anything but Charting, page-19633

First 19633 Last

Share
Profile

Follow
Kmtw

1,430 Posts.

1061

10/11/21

12:53

Post #: 57459223
Share

Originally posted by fin11: ↑

Thanks for that unhelpful little snippet there Jasp. I may have also picked the new top. Some parting comments on the imec royalty situation. If I remember correctly, some people said that the fact that imec is now going to be paid in royalties is a vote of confidence. I just read the "imec contract renewal for 2022" part of the technical update. It is not very clear (and I'm a commercial lawyer), but my reading of it is that the 8% "royalty" arrangement has always been there, but now it is capped at 5 million euro / AU $7.8m. This "royalty" appears to be payable from 4DS licensing or sale revenues that occur while the imec agreement is on foot. It is a deferred conditional payment. Also, 4DS is aiming for a tech sale, not a licensing model (like WBT). So if 4DS sells the tech in the next year, this triggers the 5 million euro payment to imec. Second, it looks like imec is ALSO going to be paid 600,000 euro in cash for their work for the first 7 months of 2022. So if my reading is correct, imec is not substituting their fees for a "success fee", which would be a vote of confidence. Rather, they are being paid as usual, and are simply agreeing to accept a cap on the sale fee part of the arrangement. Their maximum "royalty" payment of $7.8m kicks in at a tech sale price of $97.5m (8% = $7.8m). If the tech sells for over $97.5m then imec gets no further payment. Could this be a suggestion that imec isn't expecting a massive sale price? If they were, why would they be happy to cap their entitlement? I may well be wrong in my interpretation, but jesus couldn't they at least make it clear in the update as to what is actually going on?

Expand

You could also interpret the combination of royalty and "no established SCM market" as a "hint, hint, wink, wink" that an outright sale is not in shareholders best interests. Instead, the primary strategy needs to be on commercialisation and generating revenue.

4DS Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

NRX

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

IPH

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

The Rising Tide: How institutional adoption is shaping the future of crypto

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Reporting wrap: Inghams, Accent, Mayne Pharma

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

The business of sport: Warren Tredrea's take on this week's news

RDN

Raiden gears up for exploration in final quarter of 2024

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

There are more pages in this discussion • 11,494 more messages in this thread...

First 19633 Last

Add 4DS (ASX) to my watchlist

(20min delay)
Last 7.8¢		Change -0.001(1.27%)		Mkt cap ! $137.5M

Open	High	Low	Value	Volume
7.8¢	7.9¢	7.8¢	$122.7K	1.560M

Buyers (Bids)

No.	Vol.	Price($)
1	9902	7.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.9¢	100000	1

View Market Depth

No.	Vol.	Price($)
1	9902	0.078
1	498165	0.077
4	1310000	0.076
6	1064000	0.075
4	706419	0.074

Price($)	Vol.	No.
0.079	100000	1
0.080	331416	3
0.081	654973	5
0.082	157500	2
0.083	328491	2

Last trade - 16.10pm 23/08/2024 (20 minute delay)

4DS (ASX) Chart

4DS - Anything but Charting, page-19633

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

The Rising Tide: How institutional adoption is shaping the future of crypto

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Reporting wrap: Inghams, Accent, Mayne Pharma

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

The business of sport: Warren Tredrea's take on this week's news

Raiden gears up for exploration in final quarter of 2024

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

4DS - Anything but Charting, page-19633

Top Stories

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

The Rising Tide: How institutional adoption is shaping the future of crypto

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

Reporting wrap: Inghams, Accent, Mayne Pharma

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

The business of sport: Warren Tredrea's take on this week's news

Raiden gears up for exploration in final quarter of 2024

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News