Have any of the people on this forum considered the necessity of a US listing, or whether just a ego driven folly?
If Board wants two main board listings, then a waste of money (tax, accounting, legal, annual fees etc) and an ongoing management distraction. Liquidity splintering ain't smart.
If aim is to move listing in its entirety to the US then Aussie investors will be royally forgotten.
Any argument that US listing is needed to raise US capital is bollocks.
Paying CEO >$1.2m a year (cash and stock) for a super negative cashflow company of this size and infancy which has underperformed so much is already crazy.
Shareholders need to temper their euphoria and hold board and management to account.
I like the tech and potential here, but Aussie shareholders have blinkers on and are seeing upside whittled away.
The time to buy is when shareholders wake up to this self interest (it's coming) and poor decisions.
MST's research reflects MST owning a boat load of options and it doesn't appear to consider either the huge length of time the trial will take or ongoing dilution because coy is running so thin on cash and management incentives are diluting upside. My bet is that MST was probably paid for research... Ask yourself why other other reputable brokers don't follow CDX?.... and what other Aussie broker will pick up research when moving to the US? And they will be even more of a minnow over there ... another sigh.
GLTAH DYOR
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Last
3.6¢ |
Change
0.001(2.86%) |
Mkt cap ! $19.80M |
Open | High | Low | Value | Volume |
3.6¢ | 3.6¢ | 3.6¢ | $2.495K | 69.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 257471 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 83360 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 197573 | 0.035 |
3 | 228489 | 0.034 |
2 | 190000 | 0.033 |
1 | 650000 | 0.031 |
2 | 203805 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 83360 | 1 |
0.037 | 500000 | 1 |
0.038 | 9400 | 1 |
0.040 | 500000 | 1 |
0.041 | 86958 | 2 |
Last trade - 09.59am 31/07/2025 (20 minute delay) ? |
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