...the Entitlement Offer of $1 per share is not really $1 per share because we must have 2.175 shares in order to get $1 per share...
...before the Entitlement Offer, CDD's share price was approx. $3 per share...
...after the Entitlement Offer, CDD's share price should be $2.40 per share...not $1.36...
...those who get their Entitlements @ $1 per share and sell it @ $1.50 will have their holdings diluted...
Ann: Cardno Provides Market Update and FY16 Guidance, page-96
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