Two lots of conspiracy theory to consider from a well connected...

Two lots of conspiracy theory to consider from a well connected friend in the commercial property game.
1/ Instio/fundie selling is being undertaken to deliberately force CDP to raise additional equity at a "giveaway" price. CDP has $285m debt. By forcing the SP down the gearing blows out and CDP breaches bank covenants and then is forced to raise fresh capital at a ridiculously low price - eg. do a 1 for 3 at $2.
Result is Instios/fundies scoop up super cheap shares. This provides the motivation for them to accept some short term pain.
2/ To counter this obvious move the rumour is SCG will raise equity of $1.8 billion and use part of the capital to buy out the minority shareholders in CDP. I stress this is a RUMOUR - nothing more.
Kinda makes sense. CDP Board must appreciate they will be completely outwitted and made to look like a bunch of knuckleheads if they are forced to raise capital at a ridiculously cheap price. They must have some plan to counter this scenario or so you would think. They cannot be that dumb.