CDU 0.00% 23.5¢ cudeco limited

trading halt, page-10

  1. 46,597 Posts.
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    I made mention on the shorting thread about the " coincidence " of the shorts increasing significantly at the same time Azure was shopping the instos and sophs to place $60m at $4.30 ( AFR quoted number ) then there was the prospectus subsequently cancelled for $30m at $4.30.

    I suggested yesterday that the current shorting increase could also be a similar " coincidence " with the company in desperate need of more ca$$$H - today's trading halt comes as no surprise to me - I will be lifting my hat to W.W if shares are issued starting with a 2 in front of them - And if he has managed to debt fund it at normal interest rates then I will confirm Guru status upon him.

    I am however expecting this come as a major shock to those who thought CDU was close to fully funded and no further dilution to occur.

    Bring on the details - we are getting to the pointy end now.

    hOOt
 
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