IMO:
Many creditors that were paid in shares before are trying to get some of their money back, only problem is that the SP value has eroded so much with this downward spiral they won't be happy. Good luck doing business with these same creditors again!
All this, after consolidation and many more debts to be paid and more capital needed, puts CLZ in desperate position financially.
How can they raise funds?
Who would give them funds?
How long can they continue to trade without funds?
Ann: Application for quotation of securities - CLZ, page-29
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