I would be concerned with their cashflow mate. Sales of 273k...

I would be concerned with their cashflow mate. Sales of 273k deficit of 629k , 180k in the bank 31st March.

In 4c: NAB facility rate plus 19%. The loan andinterest are repayable by CDE in 12 months unless repaid earlier. The loan facility isconvertible and secured,
On March 6th 2025 The Company entered loan facilities to raise A$160,000 from s708investors : Conversion: The Company will seek shareholder approval to conduct a shareconsolidation at an upcoming General Meeting of the shareholders and subject toshareholder approval being granted, the loans will be convertible at Lender’selection at any time within 3 months of a General Meeting of the Company’sshareholders at a 20% discount to the 10-day VWAP from the preceeding 10trading days with a floor price of 0.005 on a post consolidation basis. Eachconversion share will come with 0.5 attaching option per converted share expiring12 months from issue date with a strike price of 25% premium to the conversionprice of the shares.Establishment fee per loan: 20% of the Loan amount will be payable in shares atthe 10-day VWAP prior to issue of shareholder approval.

After 4c: Codeifai Limited Raises $250,000 through loans :
The loans are unsecured, have a face value of $1.25 of any loan amountadvanced and incur a 15% per annum interest on the face value of and any issueof shares or options under the Loan terms are subject to existing capacity at thetime of conversion or shareholder approval as required at an upcoming GeneralMeeting of the Company’s shareholders, on terms as follows:Term: 12 months (if not converted prior)Conversion: The Loans can be converted into fully paid CDE shares at any timeafter the Annual General Meeting dated 8th May 2025 and subject to existing 7.1capacity at the time of conversion or after shareholder approval being granted,the loans will be convertible at Lender’s election at a 25% discount to the 15 dayVWAP with a floor price of 0.004 on a post consolidation basis. Each conversionshare will come with 1 attaching option per converted share expiring 12 monthsfrom issue date with a strike price of 25% premium to the conversion price of theshares subject to shareholder approval.Establishment fee per loan: 9m CDE shares (pre consolidation) for each $20,000 ofthe Loan amount will be payable in shares.If the Loans goes into default an interest rate of 30% accrued daily will apply fromthe date of default. Oakley Capital acted as Lead Manager for the Placementand will receive a 6% fee.

Alot of lenders getting ALOT of shares and options! A would be concerned if i bought at 3 to 7 cents.

Might require fitzy151 'the rocket scientist' to work that out, however a market cap at 31 million, looks a bit rich here unless there's something big that I have missed, like codes on (winning) lotto tickets.