Yes saw that mate, sad day for holders who lost a lot of money today
But from DVL shareholder angle, I think 4DS failure might be very good for DVL, and one might say excellent timing even.
I don't think the market understands how advanced this RRAM tech might be, I am not a ReRAM expert by any means, but this tech was backed by a US$20 billion company for a tune of A$140 million in 2019 and its safe to assume most of this money would have gone in to developing this tech in the last 5 years. Not sure what happened between the two parties since then, but I feel DVL is extremely lucky to get the exclusive worldwide licence for this very advanced RRAM tech for peanuts.
With 4DS in the full-on recovery mode now, this might be the perfect time for DVL to try to become the second RRAM play behind WBT?
Looks like still some sellers left in DVL, possibly few existing shareholders who were there for the biotech angle exiting to invest elsewhere. Let's see if DVL will announce something soon to give us a bit more insight into where we at with this tech.
DYOR
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