Zedster ! Stop worrying about the $$$$ champion ! Hoots has got it sorted .
1 for 3 - $2 option ( underwritten by Azure ) $1 up front $50m in the bank when issued - options then escrowed for 18months with $1 payable when exercised.
If you dont exercise you lose your initial stake and the underwriter picks up the balance.
Raises another $100m all shareholders are treated equally and if everyone takes up their full entitlement all shareholders are treated equally.
Simple really ! LOL
Cheers Hoots
CDU Price at posting:
$4.27 Sentiment: Buy Disclosure: Held