the call from wayne, page-38

Abuman. It took 4 years for this one. Shareholders are now left with the wreckage of a ASX200 company where the share price is both very unstable and volatile due to the liquification of the registry (check the visual MD).

In retrospect, the smarts were mostly buying on the 4th and 5th days post ann.

10.8m vol went through on the 23/08 (1.67L/2.15H) & 22.5m went through on the 24/08 (1.63L/2.3H).

Today, believe it or not, is profit taking IMO with a close of 2.07. Many of the "free registry" (oodles) are holding well below 2.07.

Not withstanding, room for a spike up to the 2.48/2.56 is still possible in the interim for whatever reason, otherwise IMO, the VWAP on the 24/08 may come into play where she may slip under 1.95.

So many shares are looking for a home right now and it will take some weeks, without instituional support, before the SP normalises off a $700m cap, to where she is now.

The capitulation steamed ahead as shareholders bought and sold on the way down in the first 3 days which may have considerably worsened their position.

I have no doubt that IMO many CDU shareholders were no longer holding, but are now once more at levels between $3.00 plus and $1.60 odd. This will make the daily scoreboard of CDU even more unstable as many are hoping to somehow trade out of the carnage.

I think you'll be able to buy cheaper at some point before equilibrium is established and the longs are praying for a miracle.

GL to all but many will be discussing what happened for some years I expect.