What do you do if you want to gain control of the company cheaply? A. You try and raise as close to existing price as possible so that market price goes below cap raise price, then as a large holder don't participate.
The cap raise is a failure, the price tumbles.
You then do another cap raise at a much cheaper price, but close to existing price, and repeat.
At a really low price, in comes the white knight with the offer 50% above current price ie 20c or so to mop up all shares.
The Chinese are playing this game beautifully.
Of course there are alternatives like they did with MGX.
CDU Price at posting:
$1.11 Sentiment: Sell Disclosure: Not Held