I think you're on track here. I'm guessing that that there was a compliance issue with the deal which meant that they had to terminate the original term sheet in order to re-list. Although it's far from the ideal to announce the termination of the deal off the back of a trading halt, I don't think that they had many options in terms of relisting. IMO CDB are probably working on a revised deal for the acquisition that is compliant and won't be questioned by the ASX.
I'm assuming that everything is still on track and that we'll have a new announcement either this week or next.
Good luck holders.
CDB Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
