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.
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.