placement, page-3

Agree, roughly double the amount of stock on issue to buy your way into an existing business.
Waiting with interest to see how long before CBD ditches the graphite heat store business (Carnot efficiency of the second generation cycle was always going to make that technology marginal at best). The spin on 'concentrating on organic growth in the PV business necessitating dumping, sorry 'recognizing the stored value' in the graphite thermal storage business' will probably come in the next six months.

The worry is that CBD were not able to set up and grow the PV business themselves but bought one in. Not a good sign for the future.

Another capital raising for the next acquisition, a roof-top leasing and PV-electricity generation and sales business, could halve the share value yet again.

On present basis I suspect the CBD share value to fall substantially to represent the value of the PV part of the company only.

All of this is just my opinion and I am not recommending anything. Do your own thinking. And act according to your insights.