why is cdu only $1.66 ?, page-9

Let me spell it out for you sskim , the fact it was only $30k makes it even worse than if it were $3m (IMO ) cdu said $2.50 was cheap and they didn't even want to issue shares at that price according to the preferred debt funding announcement prior to the Spp. Now they are issuing stock at $1.50 , why not just give the contractor a cheque for $30k given they supposedly have $60 m worth of dso ore sitting on the rom pad ready to be sold. It sends a negative vibe to the market in my view ,