Cant help feeling that this may not be all bad news. I suspect that the IPO was probably pulled because of the SP dipping so low which became a situation of virtually giving away half of the company to raise the funds. Having said that they need money so wouldn't have pulled out without another option.
I suspect that a funder has been found that will not be providing the same amount of cash, possibly enough for 9-12 months cash flow instead. They can then list on the Nasdaq next year once fundamentals are in order and a better market cap is evident.
I cant find on socials any staff posting about losing their jobs so hoping that Craig has some good news this morning.
We wait.... as usual.
Cant help feeling that this may not be all bad news. I suspect...
Add CDX (ASX) to my watchlist
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Last
6.0¢ |
Change
-0.003(4.76%) |
Mkt cap ! $17.65M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.4¢ | 6.0¢ | $4.402K | 72.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6886 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.0¢ | 61078 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
6.0¢ |
Change
-0.003 ( 4.76 %) |
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| Open | High | Low | Volume | ||
| 6.3¢ | 6.4¢ | 6.0¢ | 134342 | ||
| Last updated 13.02pm 04/06/2024 ? | |||||
| CDX (ASX) Chart |