CLZ classic minerals ltd

Ann: Application for quotation of securities - CLZ, page-27

  1. 4,009 Posts.
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    Night , i do not profess to understand this company, how it works , who owns it and why it is allowed to contiually issue stock .I do know one thing though. My $500 plus investment is now worth 50 cents. that is one thousandth of the original investment.
    I believe this company has exploited sharemarket investors , so systematically, that raising capital onmarket would now be near impossible .
    So somehow they convince , private capital providers , to now fund the company.
    How this arrangement works is likely tied up with selling the shares for a profit on market , but who knows?
    But they better be making plenty allong the way , because sure as the sun rises they will be burn't by the Cosa Nostra like every one else has.
 
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