Hmm, mixed about this. Don't like that last raise, they said "their financial modelling" suggested they had plenty for launch activities etc. So to then to raise now, and at a 9% discount, has not impressed me.
They need to really execute on the Conneqt launch. To be brutally honest, they've not executed well so far. Constantly late or missed deadlines, need for more capital raises, and been very vague on sales strategy. I've got more insight recently from you all on hotcopper thanks to your deep dives than I should have.
I know there is definitely a market for the Pulse, but I'm not convinced its tech capabilities alone is enough to take/make market share. Sales will very quickly ease or heighten my concern.
I really hope that launch go well, that they share their market insights with us, and the path to put CDX on the way to profitability. That the silence on the behind the scenes stuff has been warranted and is masking the massive strides towards this goal of CDX becoming a powerhouse.
But as of now, i have limited data and evidence to go on. No partner announcements, no figures on waitlist to sales ratio, only pictures of booths saying find your artery age, which feels like a gimmick.
I like CDX, Craig and Neil alot, but as a long term holder, down 70% on initial investment, my confidence and patience, along with the strength of their word is eroding.
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