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Originally Posted by Shrewd Crude
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
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