CDX 18.2% 7.8¢ cardiex limited

The take away here is (Craig / Niall) C2 Ventures want equity....

  1. 6,534 Posts.
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    The take away here is (Craig / Niall) C2 Ventures want equity. If anybody would know if the Pulse / the tech is likely to be successful, it's them, and they're putting their money in. I've seen similar re "not fair but reasonable" with another stock, when those investing are management or have clout, I don't think it's unreasonable to settle for "reasonable", hence I've voted Yes to all.

    The events that led to the CDX share price being where it is, were unlucky and explainable. They went for the NASDAQ listing during a pretty rough market, the MC dwindled, and they no longer met the mandates for funds to pitch in - failed NASDAQ listing attempt, shlammo. Since then, naturally sentiment has been in the gutter, some HC posters in melt down mode.

    However, Pulse was FDA approved last year, failed NASDAQ, capital has since been raised alternatively on the ASX (C2 ventures a significant portion), and now they're in the commercialisation phase of the Pulse which is the blue sky play here everyone has been excited about for years... SP near bottom!

    Recently we've seen what appears some larger holders dump hard (see chart), and finallly a hint in shift of momentum.. Was 4.5c the bottom for now? If they deliver? I hope so, but if not happy to chip away and average down. I am wary with Regal around, but intend to accumulate cautiously. If they can be successful here, with the Pulse target markets, looking at crazy multi bags from $16mil MC... Funny the sentiment is as bad as it has been and it's the biggest bargain it has been. Buy sentiment from me, for the speculative portfolio.

    https://hotcopper.com.au/data/attachments/6178/6178858-22687c18937f354a0bff75cc88e5f173.jpg
 
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