This is the BEST asset they have sold to date as it eliminates...

This is the BEST asset they have sold to date as it eliminates the need for a 10 mil to be pumped in next month which CDR could not really afford or even worst giving this people like 100mil shares in CDR !

In any case it was a dog of a business and not making any return for CDR which is now in a trasition to a smaller leaner company which will be cash flow positive and profitable.

The need to get rid of NEXON was this drain on cash and that payment due, whilst the other businesses that are for sale can actually generate good money for CDR so I can only guess they don't want to rush those sales...for me this was the big one and the best asset to get out of as those shares being issued in lue of cash was a major concern. It also improves the Balance sheet by circa $8mil I believe with the removal of that liability!

I think you need to remember that Amanda has now delivered us a positive outcome in every month she has been on board.

The other important factor is that in the half year result they took heaps of writedowns and losses. For example they wrote back Franchise Fee's which previous management had already booked as revenue even though its only paid each 1/4...so now at least we have some income to book on the P&L each 1/4 which will look good for the numbers.

I also believe a number of the franchises are performing better than expected with a turnaround underway as the questions about CDR's survival reduce.

All we can do is give Amanda time but so far she seems to be well in control and delivering on promises made which to me is better than anything else. I also understand that they business remained cash flow positive for March and is looking for a big ramp up in sale for April, May and June which we all know are the biggest months.

My only advice to CDR would be to ramp up the advertising to get the brand back in the public eye and improve the chances for franchises to go out there and win business.