The problem with CDU is very simple, it has no cash flow from the sales of product.
It has made many promises over the last six years and they have not delivered.
Max your $1.66 investment is wishful thinking at present because there is no guarantee that you will ever receive one of those quarterly dividend payments.
zzzdddzzz made a very good point about the crusher, where are things at with it, again another broken promise it seems after so many delays.
DSO - well I guess they are not happening either.
The uptake from shareholders in the latest rights issue is a clear message that not many shareholders are willing to pump more money into what is a loss. The knive keeps falling and must be hurting many. The underwriter is probably not happy holding onto 20 million shares and is possibly the seller, however it could be anyone.
cudeco discounted, page-27
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