CDU 0.00% 23.5¢ cudeco limited

Ann: Trading Halt, page-42

  1. 30,924 Posts.
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    Yes, it would put a floor under the price, and may help to convince others to provide new capital at that level, but they don't get the options or the board member as part of the deal. And if the no-voters don't want Focus as a shareholder I doubt they would vote them on for a board position.

    So, what do CDU do now? Based on the last 48 hr trading halt we should find out in about three months time. Who is going to want to try to provide finance now, to a company that seems to have a shareholder schism on capital raising? Why, if it was COW who voted it down, do COW feel so insecure seeing they have an offtake agreement, some control over the debt, board membership and 20% shareholding plus probably the support of another 20m shares from the three individuals who took the shares off the underwriters. What, or who, is it about Focus Sun they don't like?
 
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