Whilst I cant say Im thrilled by C2 holding over 40% of shares Ive come to terms with it and will support it. The alternative isn't at all attractive and at least they continue to put their cash on the line with the rest of us, albeit being supported by their hefty pay packets.
I have no doubt about the future success of CDX, the team they have assembled and the product are all first class. My only fear/ concern is with C2 holding such a large percentage, will they have the ability and legality to somehow wipe out all other shareholders. I cant see how this could happen but it is still in the back of my mind.
If I was in their shoes and had their knowledge of future sales and success I would want as many shares as possible as well.
I just continue to top up and average down.
At least we will all know where we stand in a few months. I just cant see C2 putting so much in without massive upside.
DYOR
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