Cdu

The press release states that cdu has completed its financial plan. In section a it states it has sold shares at 20 each to raise 11.5 m and in b selling notes to raise approx 5m requiring SH approval. Also in c it states to do a rights issue to raise between 12 and 20m and yet to be finalised. The statement also says that a further raising to then finalise its financial statement. In my books the origional statement cdu has completed its financial plan is misleading and a false statement that should be withdrawn. It has completed and implimented as in a who is going to purchase all these shares b will shareholders agree to this cap raising and c there is no known outcome with finances raised just a grab at 12 or 20m. It also states in the release that with further negotiations it may receive some more money and then conclude its financial statement.
it has concluded nothing only pie in the sky and misleading in its statement to the asx. It is still concluding or negotiating with no true or accurate estimate of finances to be available. The team were obvisly in NZ on a fact finding mission when they sent this to the asx. YER NA BRO