rockie101, with those thoughts...
I think the selling in CDIX is an overreaction from traders and not investors. I think that it should recover and transform into some big.
Think about why the 1-75,000 reverse slit ratio makes no sense. At .001 per share, that would make the post split price to be $75.00 per share. I think that is well about the price requirement for needing to meet to be able to trade on the NASDAQ, which is why they would be doing a reverse split in the first place. I suspect what the IR was hinting at when I spoke to him that the ratio is going to be way lower. The reverse split ratio is going to be way lower in my o[pinion and I suspect it is only going to be done when the company is ready to go to the NASDAQ.
They have been growing exponentially quarter over quarter to culminate in generating $1.98 million for their 3rd Qtr. They are on track to be generating over $10 million in Revenues over their next four quarters or definitely for 2024. I think we are still very good.
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