A little bit of dot joining ...
CDX will vote next week of share consolidation 10 : 1.
The aim is to get the SP > USD $.25 to facilitate the OTCQX secondary quotation.
Craig Cooper wants to facilitate easier access to US institutions & funds.
He'll need a cash injection before the year is out, and I think this might be where it is coming from :
Listed as an employee of CardieX since 2018 is ZiHan L, describing himself on LInkedIn as follows :
Business development, commercialization and marketing executive with deep operating experience in medtech industry and proven track record of organizational growth management and strategic market development in US and Asia.
Strategic advisor for various technology startups in digital health, healthcare services, life sciences and medical devices. Proud investor in SpringTide Investments, Yard Ventures and Spike Ventures.
SpringTide Ventures
SpringTide is a venture capital firm supporting the world's best health-tech founders.
Visit their website springtide.com
Here is a piece from their 2022 Investment Thesis
Our mission is rooted in Clayton Christensen’s
The Innovator’s Prescription, which lays out the roadmap for healthcare reform in the United States. Clay’s theory of disruptive innovation underpins this roadmap, and describes how a product or service initially gains hold by reducing barriers to access. This can be done by lowering cost, increasing ease of use, or even changing a product’s form factor, ultimately enabling the new entrant to displace more established competitors.
Our investment thesis -
data innovation to improve human health - is how we intend to execute on our mission. Data innovation, by our definition, is the use of new or unique data sources and methods to gain a better understanding of, and provide a compelling solution to, a meaningful problem. We see meaningful innovation using the methods of data science – predictive analytics (AI, ML, pattern recognition, data mining), causal inference, and prescriptive analytics (decision making under uncertainty, optimization) – and also in the unique strategies to source and assemble data in proprietary ways. We seek to invest in companies with highly technical founding teams applying these methods to improve human health.
There are seven key areas, our investment themes, where we have identified the highest potential opportunities to execute on our thesis and therefore our mission.
- Home-based care: healthcare delivered in or to the home using innovative technologies, including at-home dialysis, fitness programs, and fertility testing, among many others.
- Biological signal processing: software solutions using biological signal data such as vital signs, EEG, voice, laboratory data, imaging, pathology, EMG, and more.
- Process automation: automation of institutional processes on the payer or provider sides that increase efficiency and/or revenue, and lower costs.
- Precision medicine: breakthrough solutions targeted at individuals, groups, and populations based on genetics, environment, lifestyle, or behavior.
- Chronic condition management: innovations in chronic disease management, such as cardiovascular, immunologic, hematologic, and dermatologic diseases.
- Value-based care: technology and services that facilitate the shift to value-based care delivery and financial arrangements.
- Consumerism: healthcare products and services driven by the patient experience, both within and outside of the traditional care delivery paradigm.
I believe CDX clearly delivers on 2), 5) and 7)
I think ZiHan L may be recommending to his SpringTime Venture Partners to invest.
IMO