Abstract
We interpret extremal non-BPS black holes in four dimensions as threshold
bound states of four 1/2-BPS constituents. We verify the no-force condition for
each of the primitive constituents in the probe approximation. Our computations
are for a seed solution with \$D0-D4\$ charges and equal \$B\$-fields, but
symmetries extend the result to any U-dual frame. We make the constituent model
for the \$D0-D6\$ system explicit, and also discuss a duality frame where the
constituents are \$D3\$ branes at angles. We demonstrate stability of the
constituent model in the weak coupling description of the constituent D-branes.
We discuss the relation between the BPS and non-BPS branches of configuration
space.
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