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5.8¢ cardiex limited

Personally i think if they wanted to wipe out investors...

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380 Posts.

114

29/04/24

19:14

Post #: 73566159
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Originally posted by Woody12 ↑

Whilst I cant say Im thrilled by C2 holding over 40% of shares Ive come to terms with it and will support it. The alternative isn't at all attractive and at least they continue to put their cash on the line with the rest of us, albeit being supported by their hefty pay packets.
I have no doubt about the future success of CDX, the team they have assembled and the product are all first class. My only fear/ concern is with C2 holding such a large percentage, will they have the ability and legality to somehow wipe out all other shareholders. I cant see how this could happen but it is still in the back of my mind.
If I was in their shoes and had their knowledge of future sales and success I would want as many shares as possible as well.
I just continue to top up and average down.
At least we will all know where we stand in a few months. I just cant see C2 putting so much in without massive upside.
DYOR

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Personally i think if they wanted to wipe out investors completely they would have done it straight after the Nasdaq failure. They have done a pretty good job thus far of wiping out us long term investors but agree that there is possible massive upside.

CDX Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.8¢		Change 0.001(1.75%)		Mkt cap ! $17.06M

Open	High	Low	Value	Volume
5.8¢	5.8¢	5.8¢	$66	1.139K

Buyers (Bids)

No.	Vol.	Price($)
1	499	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	10393	2

View Market Depth

No.	Vol.	Price($)
1	499	0.058
2	45896	0.056
1	50000	0.055
1	127500	0.054
1	100000	0.053

Price($)	Vol.	No.
0.060	10393	2
0.061	33080	1
0.062	83300	1
0.063	130000	1
0.064	130000	1

Last trade - 15.33pm 03/10/2024 (20 minute delay)

CDX (ASX) Chart