CLZ has been structured so creditors have first call over assets. The plant or Gekko was financed by debt. The Gekko was purchased by a related business interest and the manager or director of the company was a 18 year old straight out of school. It was purchased at an inflated price. But the company wouldn't declare the purchased price. The company has carried debt at 36 per cent per month (cumulative) on a long term basis.The plant has never been put into service and water has never been connected on site. Who would take over this debt -ridden company ?
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.017M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CLZ (ASX) Chart |
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