CDX General discussion 2024, page-116

Even with the funding agreement, I struggle to see a scenario whereby this company doesn't drive itself down to a quarter or less of funding assuming c$3.3m burn per qtr. They've done it before and look what happened! And any company in this position has negligible bargaining power when raising fresh capital.

So there's a significant risk in my view that the next funder will own the company for a song. This would bring into Question all the representations made to the market (and ASX) on having sufficient funding to deliver on their strategy, raise capital and relist.

I wonder what advice the Board (particularly the NEDs) have had around director's duties under the Corps Act?

10x sales is a complete pipe dream.

Just my opinion.