CDX 4.48% 6.4¢ cardiex limited

Ann: Funding and Capital Update, page-25

  1. 6,531 Posts.
    lightbulb Created with Sketch. 1551
    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.
 
watchlist Created with Sketch. Add CDX (ASX) to my watchlist
(20min delay)
Last
6.4¢
Change
-0.003(4.48%)
Mkt cap ! $18.82M
Open High Low Value Volume
6.7¢ 6.7¢ 6.4¢ $7.072K 108.5K

Buyers (Bids)

No. Vol. Price($)
1 8970 6.5¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 25000 1
View Market Depth
Last trade - 13.20pm 19/06/2024 (20 minute delay) ?
CDX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.