I made mention on the shorting thread about the " coincidence " of the shorts increasing significantly at the same time Azure was shopping the instos and sophs to place $60m at $4.30 ( AFR quoted number ) then there was the prospectus subsequently cancelled for $30m at $4.30.
I suggested yesterday that the current shorting increase could also be a similar " coincidence " with the company in desperate need of more ca$$$H - today's trading halt comes as no surprise to me - I will be lifting my hat to W.W if shares are issued starting with a 2 in front of them - And if he has managed to debt fund it at normal interest rates then I will confirm Guru status upon him.
I am however expecting this come as a major shock to those who thought CDU was close to fully funded and no further dilution to occur.
Bring on the details - we are getting to the pointy end now.
hOOt
CDU Price at posting:
$1.95 Sentiment: None Disclosure: Held