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Ann: Proposed issue of securities - CLZ, page-25

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melburnian

2,643 Posts.

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09/02/22

11:03

Post #: 59451781
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Originally posted by bungalowbill: ↑

In Classic response to the ASX, they confirmed that $6,430,350 has been paid to GPE Pty Ltd. The plant was assessed by an independent assessor at approximately 3 million so over 3 million has already been paid for parts or work yet to be done. A large percentage of that money would have come from capital raisings from shareholders. So at this point in time, GPE has all the money or assets and CLZ has the 5 million in debt that has been rolled over. In effect, any value in the CO has been transferred to GPE

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I have put these questions to both ASX and ASIC.

I encourage my fellow shareholders to make as much noise as possible with the regulators, they are obligated to investigate your claims and even though they probably dont care about risky investments, they do care about fraud.

CLZ Price at posting: 0.1¢ Sentiment: Sell Disclosure: Held
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