Q: Hi there, follow up to your answers today on WELL, how much cash is WELL dishing out for AIDX then? How is this being funded by WELL, and therefore affecting WELL's cash/debt position?
Regarding AIDX then, is the current $1.50 share price representing a fair price?
Thanks!
Regarding AIDX then, is the current $1.50 share price representing a fair price?
Thanks!
5i Research Answer:
WELL owned warrants and convertible debentures in AIDX. It converted these and exercised its rights to convert to AIDX shares. It did not disclose if any new cash changed hands but it does not appear so. AIDX is expensive on current metrics but has a very high potential growth profile.