It's a bit funny. Months ago people were looking at CDY and...

It's a bit funny. Months ago people were looking at CDY and talking about a target price of $2.50 or more.

$2.50 per share would have meant a market cap of $154 million given the number of shares on issue before the raising.

This stock was supposed to be a multi bagger when it was at $30 million market cap. Now CDY will have a fresh $10 million in the bank and will have a market cap of under $44 million even if the share price goes back to $0.50, and assuming 88 million shares on issue.

If you take the aforementioned 88 million shares and a market cap of $154 million as a base, $2.50 per share would now come down to $1.70. But even if you were buying at $0.50 that would still mean a 3+ times bagger.

CDY has never had a better chance to achieve their goals than now. They do have to deliver now though. Deals. And significant improvement in sales.