CLZ classic minerals ltd

Ann: Trading Halt, page-62

  1. 4,240 Posts.
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    In the pre-consolidation - pre-Convertable note shares, now it is way over 100 billion shares equivalent. In the last 4 months, we have gone from 250 million shares to 750 million shares, ie 3 times. Does everyone understand the cycle, expand share capital through selling more shares via capital raises, swap debt & work done for shares, then consolidate via share reductions? THEN START ALL OVER AGAIN. The perpetual capital raising machine, raising more capital to service interest on debt whilst attempting to pay down debt, whilst doing very little on the ground, except for making announcements about doing a lot . Just remember, Christmas is upon us & that's another year for CLZ gone. Just my Opinion: Do Your Own Research.
 
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