one has to assume that it has been through vigorous business modelling to continue to receive the support of the 2 directors who have paid more than their salaries for a stake in a company with $78m in losses.
I think you may be confusing confidence with desperation
Recent events would suggest that they cannot find anyone to invest in this company so they either finance it themselves or it goes bust...simple as that...
They are already almost 40% down on shares they don't even own yet
CDX General discussion 2024, page-86
Add CDX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
-0.015(10.0%) |
Mkt cap ! $39.71M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 17.5¢ | 13.5¢ | $209.1K | 1.362M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 30600 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CDX (ASX) Chart |