you should be concerned with the auditors note that CDRs remains a going concern based on its ability to sell down assets in a timely manner. They also mention it in the update in the end. I find this concerning and a I sold out for a $900 loss.
I read this as CDR having a high risk of admnistrators being called in. Although the bank debt has been extended, the extension is contigent on asset sales as well.
Not making a recommendation to sell - just simply worth thinking about it for those that hold
CDR Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
