Ann: 4DMedical secures At-the-Market funding facility, page-82

Unless the market doesn't read ASX announcements until nearly a week later, I don't think it was that.

Quite a lot of ASX tech stocks are in the red today. PME down big also and others.

I think UberTrader or someone else made an interesting point that 'the management should come out and explain things about the ATM further'.

It's interesting that they haven't.

From an investor relations perspective, if this ATM/ 'option for future capital on tap' was a real issue, the institutional investors would call up the IR team at 4DX and apply pressure saying 'look, things seem a bit shaky, can AF do a quick video and settle some minds please.' There is no reason why not.
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Either 4DX is playing 4D chess with us all right now (excuse the pun), and they think silence is better than an explanation, or there is something big around the corner and they don't feel the need to explain anything because we'll all be happy in a few weeks.