CDX cardiex limited

7.32%

3.8¢

Ann: CardieX Update on the Acquisition of 50.5% of inHealth, page-33

First 33 Last

Share
Profile

Follow
Pancake

771 Posts.

405

18/06/19

15:22

Post #: 39114889
Share

Originally posted by valvesound: ↑

Does anyone get the info from the mailing list ?

I do, and its worth readinng.

It does make alot of sense as to how this has turrned out.

Here it is

----------------
Please see the attached further qualification to the trading halt which outlines the circumstances around the newly executed GEMDC contract and the ASX's enforced proceedings surrounding that contracts disclosure.

In short, if we had disclosed the commercial terms of that new contract and the contracting parties it would have resulted in a material financial loss to inHealth given the disclosure restrictions that were being enforced by GEMDC - and the communication of such disclosure restrictions by GEMDC to CardieX.

In the context of CardieX being told by GEMDC that were we not to make any disclosures however we were also advised by ASX that unless we did make such disclosures that we would be put into permanent suspension until such time that the required disclosures were made. We were not prepared to let that happen nor were we prepared to jeopardize the materially significant contract between inHealth and GEMDC that was signed last Friday by making such disclosures. So it was a catch-22 for us.

The solution for us was to argue that the contract was not material to us at this time although such contract would become material on full conversion of our Convertible Note at the time when that conversion occurred. As we currently own 7.7% of inHealth it is not considered material at this point and hence we were able to comply with the ASX Listing Rules and also not breach the requirements of the contracting parties.

The attached note explains this in more detail. Note the ASX announcement this morning was short on detail as that was a strictly drafted and "thrice approved" announcement in a form that was required by the ASX - and no details of the contract were allowed to be included.

On the upside GEMDC and inHealth have now executed a multi-year exclusive contract with commercial rollout commencing immediately. On conversion of our Note we expect this to be a materially significant contract to CardieX.

The downside is that we have strict enforcement surrounding disclosure of further details of this contract. It's not optimal but we believe the long term value will outweigh the limited disclosures at this time which were completely out of our control.

Please let me know if you have any questions.

Craig Cooper

------------------

Better than being forced into suspension by the ASX i guess.

Expand

Thanks Valvesound -

In short, long awaited GEMDC contract has been signed. wow!! Market will wake up to this great news though we have not got the full details as explained.

This is great news! In my view CDX management has not done nothing wrong. It is the ASX rules that has spoiled this party + the big GEMDC palyer. Why should I complain as a LT investor?

We are all very curious to find put who this GEMDC is!! Will do a bit of research on this to see if we can get a sniff!

Below is the top GEMDC by market share as per medicaldevice-network.com

So why is the price drop on such good news? ASX investors are a funny lot!

Living in Europe missed the chance to buy @ .025 @#$%^&. Bummer!

GLTAH!

CDX Price at posting: 3.1¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

ASE

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 33 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 3.8¢		Change -0.003(7.32%)		Mkt cap ! $20.90M

Open	High	Low	Value	Volume
3.8¢	3.8¢	3.7¢	$33.87K	903.9K

Buyers (Bids)

No.	Vol.	Price($)
1	36009	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	500000	1

View Market Depth

No.	Vol.	Price($)
1	36009	0.038
2	570000	0.037
2	30000	0.036
6	901026	0.035
1	80000	0.025

Price($)	Vol.	No.
0.040	500000	1
0.041	20000	1
0.042	26117	1
0.044	500000	1
0.045	46350	1

Last trade - 15.40pm 25/07/2025 (20 minute delay)

CDX (ASX) Chart

Ann: CardieX Update on the Acquisition of 50.5% of inHealth, page-33

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: CardieX Update on the Acquisition of 50.5% of inHealth, page-33

Top Stories

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Most investors will get this earnings season wrong. Will you?

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Astute delivers high-grade lithium hits at Red Mountain

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News