Well, the company PR must still be getting back to their desks to write that news release about their listing on the OTCBB. I haven't seen anything yet to indicate that CBD is now trading in the USA.
'The Punter' ( http://www.theland.com.au/blogs/the-punter/us-market-draws-energy/2681429.aspx ) writes that the US listing is going to cost CBD around $3M. A big call when you are trading at a loss and setting up in a foreign land at the same time. At least 'The Punter' got out when he could.
It is unusual that CBD could be telling Bloomberg in mid-December 2013 that CBD would be listing on the NASDAQ ( http://www.bloomberg.com/news/2013-12-12/cbd-energy-anticipates-nasdaq-listing-by-january.html ) and then three weeks later say it is all too hard and switch to an OTCBB listing by 4 January (which does not seem to have happened). Stick to your knitting boys and grow your business in Aus, UK, and perhaps USA before switching bourses.
For the rest of us, maybe the answer is 'blowing in the wind' in the management fees for the Taralga wind farm?
CBD Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
