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ebit,

I see a confused message.

On the one hand they announce a $100m loan facility that in theory, combined with DSO sales, gives them all the funds they need and the cost is very reasonable.

Now they are saying that potentially they are going for another 2 x $85m being $170m in additional funding.

Why are both needed? There is a mixed message being sent out.

The $2.50 issue price sounds great, but who is going to jump at that when CDU is going for $2.12 right now? The cheaper entry is here right now.

I am not surprised that the market is rather non-plussed on the whole thing.

Time will tell as usual.

Plenty of entertainment still to come as I keep saying.