What's going on with the 4DS Memory (ASX:4DS) share price?

Here's why the 4DS Memory share price still isn't moving…

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The 4DS Memory Ltd (ASX: 4DS) share price is still frozen in time following the company's extension of voluntary suspension. This will take the number of days the company will have been halted to 24 by 1 November 2021.

Currently, shares in the semiconductor developer are motionless at 13 cents a pop. It has been in this position since 8 October when the company originally entered its halt, pending the release of a technical update.

A person wrapped in warm clothing with head, eyes and face covered by a hat, glasses and a scarf is coated in a layer of snow and ice. representing Strike Energy's trading halt today

Image source: Getty Images

Waiting game continues

4DS Memory shareholders are anxiously awaiting the release of an announcement that has been a long time coming.

Initially, the trading halt had turned into a voluntary suspension with an 18 October deadline. However, last week, this suspension was further extended to 25 October after the company failed to provide an announcement during the originally allotted timeframe.

Well, 25 October is here and, unfortunately for nervous shareholders, a further suspension extension has come with it. As a result, the 4DS Memory share price will stay frozen for another painstaking week.

Many 4DS investors have shared their speculations on forums offering an array of differing views. However, with no official word from the company, there are no clear insights into what the pending announcement relates to.

The last technical details that investors were given weren't so positive.

On 17 August 2021, 4DS announced details involving its third non-platform wafers and its second platform lot wafers. It highlighted that the second platform wafers had suffered fabrication issues although the update said issues were corrected with the expectation of no induced delays.

What's upcoming for 4DS Memory share price?

At this stage, investors will be holding their collective breath for 1 November. It's unknown whether the company will issue an announcement or whether another extension will ensue. However, that aside, the next notable event for the 4DS Memory share price aside will likely be its annual general meeting (AGM).

The company's AGM is slated for Monday 29 November 2021.

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on Technology Shares

Man looking at digital holograms of graphs, charts, and data.
Broker Notes

Forget Xero shares! Broker tips this top ASX tech stock for 24% gains

This ASX tech stock has rocketed 143% in a year, and a leading broker forecasts another 24% of gains to…

Read more »

A silhouette of a soldier flying a drone at sunset.
Technology Shares

Check out the ASX's newest drone company

A successful capital raise has this company cashed up.

Read more »

A man has computer-generated images rushing through his head, indicating an AI (artificial intelligence) concept of a communication network.
Technology Shares

Nextdc vs Megaport: Which ASX tech growth share comes out on top?

Nextdc and Megaport are both ASX tech plays—but which offers the sharper growth story right now?

Read more »

Man ponders a receipt as he looks at his laptop.
Technology Shares

Xero shares crashed 59%. What do brokers see next?

Growth, the US opportunity, brokers — all pointing the same direction.

Read more »

A woman sits in front of a computer and does some calculations.
Technology Shares

Codan vs Droneshield shares: Which is the better buy?

Codan and Droneshield are both Aussie tech names, but only one shines in 2026—here’s my verdict on which I’d buy.

Read more »

Army man holding a drone while the army woman holds the remote control.
Technology Shares

DroneShield shares just hit a new low. Is the only way up from here?

Risk-takers may see opportunity here. Others should just watch.

Read more »

a water tap is turned on and showering out banknotes into the open hand of a woman below it.
Technology Shares

This ASX water technology stock could jump 45% Morgans says

This company remains a solid bet despite a recent hiccup.

Read more »

Two women happily smiling and working on their computers in an office
Technology Shares

WiseTech Global vs Xero: Which fallen ASX tech share is the better buy today?

WiseTech and Xero have both fallen heavily from their peaks—but one looks like the better buy to me.

Read more »