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5.2¢ cardiex limited

I thought the funding was committed as debt before they tabled...

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StealthInvest

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26/04/24

19:27

Post #: 73531092
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Originally posted by TraderP: ↑

Looks like a longer read.
What i am not comfortable with after a quick read is below.
Does this mean that if not approved the 6 million under the current FCA could be withdrawn?

If Resolution 2 is approved, the Company will have available to it continued funding
from C2V under the FCA. This is considered important to the Company’s future plans,
and the loss of this future funding (which could happen if Resolution 2 is not
approved) would force the Company to seek alternative debt and/or equity funding,
which may not be available on as favourable terms as the FCA

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I thought the funding was committed as debt before they tabled the new resolution to convert to shares.

isn’t that like blackmail if they threaten to withdraw it unless they get equity?

CDX Price at posting: 5.9¢ Sentiment: Hold Disclosure: Held
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Last 5.2¢		Change -0.002(3.70%)		Mkt cap ! $15.29M

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Price($)	Vol.	No.
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1	55574	0.048

Price($)	Vol.	No.
0.054	27534	1
0.055	3000	1
0.057	52359	2
0.058	126251	1
0.059	7775	1

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