So I was talking to my friend who also owns CFU shares about the...

So I was talking to my friend who also owns CFU shares about the capital raising. He had already taken up his allotment and wasn't interested in discussing the merits of his decision.

He told me that if I wanted to avoid risk I should by CBA and conversation moved on.

And there are now 64 orders for 4 million shares at 10.5c The biggest individual trade at 10.5c today is <$300 so good luck to order number 64.

This has not been a fun time to raise capital for anyone. I call it a good thing that the price hasn't dipped below the offer price for more than a few hundred dollars.

If the capital raising is sufficient for their plans to proceed, I think that bodes very well for the company and the share price. It may even be the last share placement.

This may not be the most successful CR in history, but I'm betting that it won't be a massive failure.

Good luck and DYOR