This last cleansing statement is hysterical, for non holders anyway.
This bit......
"the abovementioned ordinary shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;"
So by announcing it in the cleansing statement everything is OK. Yet the 3b announcement and the cleansing statement just hapened to come out the day after the closing of the rights issue. What a strange co-incidence they forgot to tell the market about the shares sold for .6c until the day after the rights issue at .9c closed.
Well our regulator lets companies get away with such things, not just CFU. The part that gets me though is that by the next raising, they hope all the holders have forgotten about such accidental mistakes.
Anyone willing to have a stab at how many shares sold in the rights issue? I'll go first with 150- 200m raising around the $1.5m mark. Added to the tax refund, enough for another quarter at best before they go back to the market.
Any of the rampers game to put a number on it?
CFU Price at posting:
0.7¢ Sentiment: Sell Disclosure: Not Held