CBD must have something in the locker that they expect to get the share price above the rights price.
This has to be the most poorly explained and supported rights issue that I have ever seen. No proper explanation of what the money is for, no keen investor to hold the price up, every sign of nil takeup.
They could do the honorable thing and cancel the issue as SOO had the fortitude to do.
What a strange stock this is.
CBD must have something in the locker that they expect to get...
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