CDX 0.00% 5.9¢ cardiex limited

Ann: Suspension from Official Quotation, page-33

  1. 844 Posts.
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    From last 4C
    700K cash on hand
    4M loan
    2M convertible note with another 2m to come

    maybe 4-6M income from canceled contract
    4 M required to start production.
    2 M to keep the lights on.

    it all comes down to income I guess. If they can secure the 4-6 m (I'm assuming they negotiate half the original income) it will be close but doable.
    That would require 4-6m raise.

    The last cap raise was before FDA approval and finalization of production platform.Hopefully people can see a better prospect here.
    As an investor, while keeping your eye's open to the doomsday scenario, its pretty much out of my hands now so I can only frame positive sentiment and hope they succeed. Dumping on them at this stage is a little pointless although I appreciate that you called it right back in the day.

 
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