I would not think that this would need to be a wipe out capital raise.
1, Looks like only existing shareholders and Directors to participate.
2, C2V will be providing substantial funding commitments under a Funding Facility
Am assuming that they possibly went to Brokers for a opinion and they like vultures would have wanted minimum 30-50 % discount. Can see most raises at the moment are at 30% . but with a company low on cash would have been brutal.
Credit here that they did not rush this and saw the value of the business.
What price i wonder, not sure. How many shareholders will participate?I feel that the majority of holders are long term and see the vision. With a 6-10 month runway would not want to be part of the ride.
Some good news/partnership around the raise would really help.
- Forums
- ASX - By Stock
- CDX
- Ann: September Quarterly Activities Report
Ann: September Quarterly Activities Report, page-4
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDX (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.3¢ |
Change
-0.003(5.36%) |
Mkt cap ! $15.59M |
Open | High | Low | Value | Volume |
5.5¢ | 5.5¢ | 5.3¢ | $10.98K | 205.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 104385 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 33080 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 104385 | 0.053 |
1 | 104852 | 0.052 |
2 | 67000 | 0.050 |
1 | 100000 | 0.049 |
1 | 156684 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.061 | 33080 | 1 |
0.062 | 83300 | 1 |
0.063 | 130000 | 1 |
0.064 | 130000 | 1 |
0.065 | 20833 | 1 |
Last trade - 15.47pm 27/08/2024 (20 minute delay) ? |
Featured News
CDX (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online