No, that was expected as is mostly the case when new management step in and review the situation.
The reason for the price being this low has been the uncertainty in relation to the payment of the debt. This announcement today answers some questions in relation to this and will restore confidence to the register over the coming weeks. At last we have a pathway moving forward now and I suspect the bad news is all out there now.
I am back in today at close !
CDR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held