Quote Originally Posted by Shrewd Crude View Post
hey bilo...
it is illogical to sell down...


.^sc
Loved this contribution Shrewdy.
My point was that it is logical for someone to sell down if they new that CUE needed 20M in cash and as a large holder they didn't/couldn't find the cash (GFC - or have you forgotten, banks are reducing lending/not lending more). To ensure that the capital raising is successful it has been logical for them to sell down to 15cps rather than put in new cash/not take up their entitlement. IMO