CDX 18.2% 7.8¢ cardiex limited

Ann: Funding and Capital Update, page-25

  1. 6,534 Posts.
    lightbulb Created with Sketch. 1552
    What do you mean? They're committing that amount of money, but if it's part of the placement then it's no longer a debt. They're also seeking to convert it all to equity. Criag and Niall are putting their money behind CDX. I do expect the capital raised to be at about 11c.

    My thoughts to Craig and management, reduce your cash remuneration, reduce cash burn where possible. Once the company is in a stronger financial position, then you can pay yourself the big bucks and invest the $ without issue. At this point, cashflow and reaching profitability / cashflow positive needs to be a focus. Make your remuneration incentives based on share price.
 
watchlist Created with Sketch. Add CDX (ASX) to my watchlist
(20min delay)
Last
7.8¢
Change
0.012(18.2%)
Mkt cap ! $22.94M
Open High Low Value Volume
6.8¢ 7.8¢ 6.8¢ $18.41K 249.4K

Buyers (Bids)

No. Vol. Price($)
1 16838 7.6¢
 

Sellers (Offers)

Price($) Vol. No.
7.8¢ 119999 1
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
CDX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.