He is not going to waste money getting imec to validate one set of results, and then pay them to keep doing the same thing again and again.
We take solace in the fact that the test machine used by imec is identical to the machine used by Joseph (performing the testing) at 4DS.
Everything David has done has been to minimise the use of capital - everything he has done is to maximise the value to shareholders at the exit, risk and contingency not withstanding.
This is the opposite of other semiconductor stocks on the ASX, where millions are raised to line the pockets of top brass and keep them on in name on the gravy train.
In our situation, everyone gets paid (materially) when shareholders get paid. That is why Jim Dorrian is hanging around. David and Jim are friends - both are men of integrity, that have a history of creating value.
4DS Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
