Without revenue momentum and VERY disciplined cost control, this stock will die. And cost control starts yesterday. They need to plan for delays as there almost always are.
I can see >$200k of cost out just from the CEO's salary. He'll be "penny wise and pound foolish" if he tries to save his salary and business class flights yet drive his equity into the ground.
4c share price so soon after an 8c equity raising shows there are no buyers. So they need to start thinking about how they'll manage the next funding pinch.
Just my opinion.
CDX Price at posting:
4.8¢ Sentiment: None Disclosure: Held
