One of the best analysis so far of the most likely arc of the...

One of the best analysis so far of the most likely arc of the train wreck.

While Khoutam's well informed analysis of where we are at with the tech is plausible and his 'press release' somewhat reassuring. Which is very frustrating because the SP should be reflecting that level of advancement in development. As mjshackl has highlighted the Infineon customised macro is not to deal with any shortcomings in fabrication and as flectional has pointed out it will produce something that can shopped around. Having the Infineon marque will help greatly. I believe you are spot on Darkstone when you suggest that Ting's understanding of how significant this is in the development pathway that it got DM and some board members over-excited. They failed miserably to convey the basis of that excitement to the market and it's not the ASX's fault.

The latest announcement is that the previously touted (badly devised) CR would not go ahead, because it was assessed to be not in the best interests of the share holders. They really have some explaining to do, because when DM did put his cap raising hat on, he must have made a decision that it was in the best interests of the shareholders. He clearly stated in the supporting webinar that he thought it was the right thing to do. So what changed?

The responsibilty of the resulting sell-off and ravaged market cap is totally on the architects of the failed capital raise. The BOD, DM in particular have repeatedly protested they cant control the market. Well they did a really good job of shaving 40% off the SP in two days.