Shorts Covering, page-8

CDD is now trading in an uninformed market, what is behind an immediate CEO resignation usually some serious financial trouble. There could be a suspension while the outlook is checked, surely the board must have an idea of the first half results.

Unless you are shorting it avoid as a new CEO is likely to take an axe to asset values, the purchase of the USA oil and gas consultants early last year now looks like a dog. It may end up paying no divvy due to potential write downs and then it will really hit the skids with a pile of debt to service and who knows what debt covenants there are.

better to stay out until the water clears IMO.