CLZ classic minerals ltd

Ann: Application for quotation of securities - CLZ, page-83

  1. 4,048 Posts.
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    All in my opinion : On market 30 million dollars is put into CLZ by shareholders, over 10 years. The company devises a derivative instrument called a Convertable Note. There is no finite number of shares these CN's convert into . At this time , it appears they represent a controlling interest in the company .This has all been achieved off-market.
    Directors are obligated to act in the interests of shareholders. The CLZ board should immediately release all information it has in relation to present ownership of the company . Particularly in relationship to the names of the subscribers of the Convertable notes.I believe they are in dereliction of their duties as directors as this information is relevant to all shareholders.
 
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