Max
That may be true and I would agree except for the issue with the HK listing where the feedback is that they need $60 mill which is 125% of extimated working capital. And they need to have this in June if that is when they wil be listed.
My biggest issue with CDU statements and announcements is that they do not actually lie but they also do not tell you everything.
Yes, they will need no more equity to get to production after the proposed placements, but they will need more capital or more loans to meet listing conditions in HK.
Why they would not wait to list in HK until they are in production and paid off the loan, I can not fathom except for either ego or because the major holders have told them to. What is the benefit to CDU of yhe HK listing, they have public ally announced they will not be raising equity in HK, so why when mgt resources and cash should be allocated 100% to getting to production they go off on this tangent.
Suspension continues !, page-491
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