Worth re-reading what TMT Analytics had to say in Nov last year...

Worth re-reading what TMT Analytics had to say in Nov last year and why they had a price target of 11 cents. 4DS has come far since then.  

Buy rating reiterated
We believe 4DS’ technology transfer process has not been well-understood by the market, judging by the share price response to the 20 September announcement. In our view, the company is on track to deliver megabit memory vehicle results and a licensable14DS Memory Limitedproduction-compatible process flow to the semiconductor industry within the next 12 to 18 months. Alternatively, a trade sale should be possible as well. As such, we believe the company’s current valuation doesn’t do justice to the prospect of 4DS licensing or selling the technology within the next 12 to 18 months. Furthermore, as illustrated in Figure 1, peers such as BluGlass (ASX:BLG) and BrainChip (ASX:BRN), which are at a similar stage of development (BLG) or slightly ahead (BRN), are valued at more thantwice 4DS’ current valuation. For these reasons we reiterate our Buy recommendation for 4DS as well as our price target of A$ 0.11 per share.