What do you mean? They're committing that amount of money, but if it's part of the placement then it's no longer a debt. They're also seeking to convert it all to equity. Criag and Niall are putting their money behind CDX. I do expect the capital raised to be at about 11c.
My thoughts to Craig and management, reduce your cash remuneration, reduce cash burn where possible. Once the company is in a stronger financial position, then you can pay yourself the big bucks and invest the $ without issue. At this point, cashflow and reaching profitability / cashflow positive needs to be a focus. Make your remuneration incentives based on share price.
- Forums
- ASX - By Stock
- CDX
- Ann: Funding and Capital Update
Ann: Funding and Capital Update, page-25
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDX (ASX) to my watchlist
|
|||||
Last
7.5¢ |
Change
0.009(13.6%) |
Mkt cap ! $21.18M |
Open | High | Low | Value | Volume |
6.8¢ | 7.5¢ | 6.8¢ | $14.62K | 199.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 30686 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 30203 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 30686 | 0.074 |
1 | 54800 | 0.073 |
4 | 83740 | 0.072 |
2 | 167115 | 0.071 |
2 | 19000 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 50925 | 2 |
0.077 | 15856 | 1 |
0.078 | 120000 | 1 |
0.080 | 6800 | 2 |
0.082 | 25000 | 1 |
Last trade - 15.52pm 21/06/2024 (20 minute delay) ? |
Featured News
CDX (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online