value adding, page-9

Roh - I think there is a fair degree of presumption in your opinion CDU have raised all the cash they need - Yes they have raised cash as high as $4.50 in one Sinosteel contra deal - the last contra to Sino was $3.45 - I wonder how Sino felt when a paltry $350k was raised at $2.50 in the most recent palcement ?

We do not know how much more $$$$ CDU need and we do not know if early product sales will alleviate the need for any further placements - I am glad you are happy with where your investments sits - yours view that CDU is in the best position it has ever been is in direct contrast to mine - a sub $2 S/P places them in the must vulnerable position they have been in since august 2010 ( IMO )


hOOt