Kagara had almost 16000 shareholders in its former glory
How can CSD increase the number of shareholders( which is paramount for a sustained share price increase) when one individual will own 79.51% of the entire share registry?
The IE report clearly indicated that this majority holding may be a deterrence going forward.
The reality is that there is no other company on ASX with such a holding by one overseas individual.
IMO
Like has been stated previously CSD has sold out shareholders and scared new potential investors with the MOU - share issue terms and conditions
SPI majority holding must be diluted before any major investors will consider investing in CSD.
The market is awaiting to see what unfolds in relation to this holding..
DYOR
CSD Price at posting:
4.9¢ Sentiment: None Disclosure: Not Held
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