Short Term Trading Week Starting: 7 Jan, page-118

4DS shaping well again here with pressure on 7.0c. Mid to high 8's before meaningful resistance chart wise.
FA
-Have proven the memory technology and are now at the stage of proving up the manufacturing process with an update anticipated post meeting with fab on the 18th. Quarterly generally provides a business update.
- Last quarter (typical) 9% of shareholders funds go to staff and admin costs, 86% goes to R&D, wages taken as shares
- 20 patents granted, 3 under application
- Cash -$5m plus with burn around 1.1-1.2m per quarter
- Jim Dorrian has been there done that in terms of successful start ups and exits as a founder of Arbor Software sold to Oracle for ~$4 billion 2007 and Bill Me Later sold to PayPal for ~$1 billion 2008. Jim then got on board 4DS and has made it clear that he see's 4DS being bigger.
https://www.copyright link/leadership/entrepreneur/jim-dorrian-silicon-valley-veteran-on-taking-4ds-to-the-asx-20160927-grp9ee