It is a critical period for CDEx. They need immediate funds badly and not just a few more dollars from their current PP investors, they need new money.
As Griffin implied in his recent interview, Loch/CDEX has always been associated with a small circle of PP investors and has never really reached the big money investment community.
Of course, Loch/CDEX has they never had a real product in the past so that stands to reason. It will be interesting to see if Griffin can attract institutional investing so soon after the introduction of their first bona fide product since inception.
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