I have three theories as to possible buyers and all need further investigation .. DYOR
1. This is a similar buy out as was done at GXN and Proto and could deliver a cheap shell and some assets for a reverse listing of a cashed up private company. Contrary view is there are too many skeletons at CDB but I heard that said about GXN and Proto as well.
2. The "Family" have found cash under the sofa accumulated over the years and as their other "toys" have been taken away (as noted above) they are looking for a new project.
3. Beaufort have run out of patience and have been burnt holding CDB shares so have "boiler room" pushed the stock at 0.001 on a volume based trade with no regard to anything else. They get paid regardless. My person view !
Any of these outcomes is not good news for SHs IMO
Register support at [email protected]. The only real chance for change at the 2014 AGM
CDB Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
