Ann: Codeifai Limited Raises $100,000 through Placement, page-9

  1. 6,113 Posts.
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    recent funders will likely be treated as priority creditors

    recent placements and other insiders likely keeping a lid on at 0.1c so that aggrieved previous employers/investors take a huge hit in the event of administration

    where’s the business plan - yet to demonstrate momentum

    Canva likely already have this under their umbrella under a license agreement with royalties payment to CDE/YapB (if revenue is ever generated)

    no mention of CDE receiving upfront payment from Canva?

    If not consolidated - it’s administration pretty soon I think


 
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