CDX 10.0% 13.5¢ cardiex limited

Ann: CardieX Successfully Closes Oversubscribed $5.5m Fundraising, page-8

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  1. 288 Posts.
    lightbulb Created with Sketch. 39
    Agreed. I am happy with this cash raise. For the expense and time of an SPP or rights issue and the likely level of takeup from the retail community I wouldn't have bothered taking that route, if I was CEO or CFO. Take the easy money when you can. Instead the CEO has again dipped into his own pocket and taken up around 50% of the raise, which can only add to confidence. typically accountants are fairly risk adverse so dipping in for a bit adds to my confidence.


    SG Hiscock as an investor adds more credibility and CVC have a decent track record in allocating capital to start ups (which is what CDX effectively is now post Atcors previous sales strategy debacle).


    Hopefully the announcements keep coming and the stock starts to gain some traction/momentum.


    Looks like revenues wont grow much till 2020 - so there will be plenty of time to build a decent position around 3 - 3.2 (if not lower), if anyone feels aggrieved they missed out in the most recent CR. I hope this just takes off like a rocket - but can't see it yet.


    I look a

 
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