all the talk about 2.50 and rights, page-8

"so, they're selling the stock down because they're hoping to scare retail shareholders into not taking up or exercising their rights, and because selling the stock down is easy and cheap for them to do."



Or an alternate possibly more plausible explanation may be found in the screen grab below - First they were not going to issue shares because they had organised debt funding from Minsheng that was going to be done and dusted by the end of October - Then there was a backflip and they are going to do a rights issue to reduce their reliance on said Minsheng loan.

Now in the prospectus they need the Minsheng loan and its now not going to be finalized until the week before Xmas and now its reliant on 3rd parties plus other safeguards to Minsheng.

Maybe just maybe the market is putting a big question mark over CDU and its funding arrangements - Also an even more bizarre possibility is some share holders have read the prospectus and got their head around the rights being worth $1.89 and the oppies being worth 61c so they have been selling today above $1.89 stock they hold now so they can get some $$$$ to fund their entitlement - looney tunes I know so Im going with the doubt over funding of the $105m.

HOOt