Max The answer is NO. The rights gives you the ability to buy the share with the acc option but if you decide before the due date not to participate you let them lapse. [or sell them]
One investor has a buy order for $1Mill rights I doubt they have a lazy $2.5Mill to convert. Most of the action on CDUR is related to trading some believe that the price will rise due to the "rabbit" at the AGM and see the possibility of making a few dollars due to a quick trade.
IMHO a very risky strategy. GL tv
CDU Price at posting:
$1.91 Sentiment: None Disclosure: Held