Just to clarify my earlier posts, a SPP wouldn't raise sufficient funds for CFU. I was speaking of a SPP as a stop gap measure only. What they need is substantial govt funding and a new cornerstone investor. And they need this new funding now – the company does not have the luxury to wait a few months.
With this price surge, they are going to have to put out an ASX release today to clarify the situation.
CFU Price at posting:
13.6¢ Sentiment: Hold Disclosure: Not Held