C7A 0.00% 0.7¢ clara resources australia ltd

Ann: Change in Substantial Holding, page-17

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  1. 15,140 Posts.
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    I represent no one and nothing apart from a massive loss here.

    Lind are also shareholders, everytime they convert and the credit is secured against shares... i.e a convertible note. If the company goes bust its all over for them.

    as for hamann, i don't know what his go is. All i know is that DGR employees never lose money, the company might but the BOD and the directors always make out like bandits. So what ever moves are afoot here i assume that DGR is either complicit, directly instigating it, or are aware of the long term plan.

    Ultimately, like you and everyone else, i'm trying to make sense and that was my best guess. I personally see the company being taken private or delisted in the not too distant future. either by liquidation or by hostile takeover. there is literally no way they can raise more money on market.

    ask yourself this, if this hamann dude was so supportive of the company why is he buying on market? he should be doing a placement to give the company some cash right? nope he's buying shares on market at a very very discounted rate (although its about valued right based on the success rate of the co). So why would someone buy on market which doesn't actually help the company.... to get voting power, is the answer. Now the question is, why in god's name would he want to have voting power in a company that's circling the drain ?
 
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0.8¢ 3266090 5
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