CDX 15.5% 6.7¢ cardiex limited

I admit that I was blindsided by 3 things: Failure to get OTC...

  1. 5,875 Posts.
    lightbulb Created with Sketch. 226
    I admit that I was blindsided by 3 things:
    • Failure to get OTC
    • Bad 4c and weak-sounding talk about a loan
    • CC saying we should give them 6 months
    Together, these issues let the market think, "There's no rush. Sell now and wait for a clear positive change."

    So, here's what the market needs to decide:
    • Will patients and doctors demand enough Pulse devices to compensate for the loss of OTC?
    • Will revenue or deals or participation in the US listing come soon enough to negate the bad 4c?
    • Is it fair to give them another 6 months given that they have already had plenty of time to prepare for this moment?
 
watchlist Created with Sketch. Add CDX (ASX) to my watchlist
(20min delay)
Last
6.7¢
Change
0.009(15.5%)
Mkt cap ! $19.71M
Open High Low Value Volume
6.0¢ 7.0¢ 6.0¢ $48.39K 732.0K

Buyers (Bids)

No. Vol. Price($)
1 3683 6.7¢
 

Sellers (Offers)

Price($) Vol. No.
7.0¢ 25000 1
View Market Depth
Last trade - 15.52pm 18/06/2024 (20 minute delay) ?
CDX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.