They have not at all engaged with investors since taking over apart from standard announcements. The change in management has not been explained as to reasoning (Although pretty obvious). I mean who fires your CTO who was the designer of the product the whole time with no explanation as if to shift blame of recent failures on him.
The concern about management leads on to post third platform, if successful you now have a management team that is looking to sell (Great), if no bidder because the product really is not anywhere near comercialisation and would require a few more years of development at 4DS pace or a year or so with a Teir 1 and their resources then you are at the state that the company would need to capital raise to fund a further couple of years with no CTO on board and only a sales team, you could potentially keep paying Imec but those terms ongoing were already not commercially favorable to 4DS as they had you in a sticky situation when they renegotiated following the tech update/FAILURE.
I find very bad things in 4DS future if they can't secure a bidder immediately post third platform lot and the longer that drags out with no market update following a successful outcome will be dire, but this is a casino after all.
4DS Price at posting:
8.7¢ Sentiment: Sell Disclosure: Not Held
