Agreed. I am happy with this cash raise. For the expense and...

  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

 
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
3.5¢
Change
-0.001(2.78%)
Mkt cap ! $19.80M
Open High Low Value Volume
3.5¢ 3.5¢ 3.5¢ $1.314K 37.55K

Buyers (Bids)

No. Vol. Price($)
2 160020 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 83360 1
View Market Depth
Last trade - 09.59am 01/08/2025 (20 minute delay) ?
CDX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.