CLZ 0.00% 0.1¢ classic minerals ltd

Tipster and bungalow charting center, page-63

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    So are you addicted to the chase, the gamble, and the volatility: or do you want to pick a stock that slowly improves its position, makes measured and astute decisions & increases in value? Or are you happy with a company that doesn't, and has never produced any gold (that we know of) that has spent the last years, issuing shares at ever decreasing value, driving the share price to the absolute minimum on the stockmarket of one-tenth of a cent - with no buyers on screen for a year. Continued issuing stock to its creditors, in lieu of payment. Then institutedt a scheme that massively destroyed the value of shares of its existing shareholders, in doing a 150 to one share consolidation & an off-market Convertible Note at a considerable discount to the market. This resulted in the pre-consolidation shares being worth about 5 percent of their original value. But nothing had changed with the company, they still hadn't produced any gold DYOR
 
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