The directors did say that they would issue the placement at the best price possible for the co.
To me that means after an upgrade. I certainly think that 60c would be a good price after an upgrade and change of activity.
Take a read of this re: ASX rules for change of activity.
http://www.asx.com.au/ListingRules/guidance/gn12_changes_to_activities.pdf
I'm not 100% on it. People seem to suggest that the co needs to be above 20c for 2 months for a change of name and activity to take affect.
Reading it though seems to suggest that Comdek may be able to change activities without trading above 20c for 2 months.
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comdek limited.
throw your media reports in here, page-37
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