CNN 6.25% 15.0¢ cardia bioplastics limited

a capital raising is underway, that's my guess. probably a share...

  1. WHY
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    a capital raising is underway, that's my guess. probably a share placement. key question is obviously at what price? after today, 0.0025 is probably the best guess IMO.

    fundamental of CNN has significantly improved, but they under-estimated the working capital required in the business expansion into brazil at the last capital raising. for me, it's a hold for now.
 
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