guys,
you should be concerned with the auditors note that CDRs remains a going concern based on its ability to sell down assets in a timely manner. They also mention it in the update in the end. I find this concerning and a I sold out for a $900 loss.
I read this as CDR having a high risk of admnistrators being called in. Although the bank debt has been extended, the extension is contigent on asset sales as well.
Not making a recommendation to sell - just simply worth thinking about it for those that hold
from cnn website, page-25
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.976M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 441185 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 2222 | 1 |
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| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
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