shadowboxer
Cudeco raised $6.5 Million !
The underwriter is left holding the bag on $50 Million!
I am sure they are ecstatic.
It will be interesting to see where they end up?
The final figure of funds to CDU will be less due to costs.
Also you state a 31.5% premium, that is a distortion of
fact as no value has been allowed for the price of the
accompanying options.
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$79m shortfall, page-10
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