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Cloudbreak Discovery – Funding Deal: Good For Management, Not Necessarily For Shareholders

By Nigel Somerville | Tuesday 16 August 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Sub-Standard-Listed Cloudbreak Discovery (CDL) has announced an interesting looking deal to fund Iron Forge Holdings (III) Ltd (IF3) with a $1.5 million loan on seemingly advantageous terms. Interesting looking until one considers where the $1.5 million is coming from!

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