CDU cudeco limited
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red day, page-49

  1. h00ts
    46,902 Posts.
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    16/04/14
    19:43
    Post #: 13260305
    "As far as I can tell the company used shareholder money to buy shares at well over $3. Some time later they realized they needed money so did a cap raise at $2.50. Today the price is under $2."

    Tricky - The latest placement was done at $2 - The money used in the buyback would have come in handy right about now.
    CDU Price at posting: $1.92 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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