At 30 June CDX had 7.5m in current payables, $2.2m in current receivables and only $0.7m in cash
("... a mere flesh wound" I hear The Black Knight bleat "even Apple had dark days." )
I wonder what the working capital position is now in October?
So question - what are the chances of CDX getting $1-2m from sophs without additional new equity guaranteed (ie underwritten) when the coy appears behind on its payments (as much as $5-7m?) and the recent corporate presentation is silent on the fixed cost problem particularly when coupled with an inevitability slow revenue line ('cause it always takes longer)? ... it's ground hog day, again.
All my opinion of course.
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