IMO, this is definitely no lifestyle company.
Craig & Niall have stumped up millions & millions of their own funds into the various CR's over the past few years - and I would suggest that most (if not all) would have been at significantly higher prices that today's share price (which is 17c - or 1.7c share price pre 1 for 10 consolidation in Feb 2022).
Granted, they get paid well by CDX to run the company - especially when share based payment options are taken into account.
But these guys have a massive amount to lose if CDX does not succeed, and I would be very surprised if this business does not succeed.
On another note, thought the 4C showed some improvement - with receipts from the existing business better, and nett cash outflows improving.
Obviously there is still way too much cash burn each quarter, and they clearly need to get some solid funds into the business ASAP.
Both Craig & Niall have very good strength in this area, and looking forward to hearing the results of their efforts within the next month or so.
IMO, this is definitely no lifestyle company. Craig & Niall have...
Add to My Watchlist
What is My Watchlist?
