G'day Well what a week for CFU. Good on them!!!, and good on those who took up the offer, both here in Oz and overseas. Through no real fault of their own CFU found themselves in a very precarious position, and did what had to be done while all and sundry whined about dilution and overseas interests taking over their company and stealing it from us poor down trodden Aussies. For me the two things that were important about the share offer were, 1. why was the share price so low? & 2 what would rectify it?. 1. The technology is great, so it could only have been that everyone knew that they were basically broke. 2. Fill the coffers with a successful share offer and it will be business as usual again. The sentiment will return to the share price because people will not be worried about receivership and losing their money. I suggested what has now happened to the shareprice would happen, however I was told by experts that because Woodside would not take up their entitlement that it would tank. I used the example of what happened with TAM when they recently doubled their shares on issue and was told that I didn't know what I was talking about, that TAM had no relevance to CFU. The market is driven by sentiment and that is what really counts. CFU HAD NO MONEY , THAT WAS THE PROBLEM, nothing else. Figure out how the market will accept or reject a move by a company and you have a good chance of success.
Kind regards
Lockitt
CFU Price at posting:
8.2¢ Sentiment: Buy Disclosure: Not Held
