Ann: Proposed issue of securities - CLZ, page-17

10 billion is 40 times the number of shares that existed after the 150/1 consolidation ie 250 million. The 150/1 would represent 40 billion shares equivalent today. The company has made a complete mockery of ASX procedural rules, the sad thing is it may be completely legal. An anomaly that needs fixing by legislation.
On mass, we need to make a submission to ASIC/ASX as this present situation is unsustainable & unworkable & solely in the interest of the company alone. Shareholders' value has been diluted to the point of near nonexistence. If only they could produce gold like they produce shares.