You are right. That is a valid point and a risk, I am not overly stressed because the way I see it the same people who have a big stake in the company are the ones who voted down the capital raising and are organizing the alternative funding. Remember that the last traded price was $1.70 so 36m shares at $1.25 was a steal.
The 3 major holders do have a big stake in CDU and they profit the same way we do, dividends or capital gain. People suggesting that the major shareholders would sabotage the company should keep such accusations to themselves though and get their tin foil hats off their heads. Wayne's pride might be hurt but no one likes burning money so I cannot come up with a reasonable explanation for him to sell out. That would be plain stupid and since the additional funding will be through debt, a sell out wouldn't really affect the company.
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