CLASSIC MINERALS LTD (ASX:CLZ) - Ann: Consolidation/Split - CLZ, 64658424, page-140 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

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bungalowbill

4,029 Posts.

785

08/11/22

22:19

Post #: 64658424
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Originally posted by bungalowbill: ↑

Floggo, go back a couple of months & view the posts, We spent a lot of time outlining every strategy they used to manipulate the share capital, with ever-decreasing cap raises, where the new shares could make money out of the old shares . then they did the 150-to-one consolidation. Then they did off-market & sub-market convertable shares. All that meant the original holders did nothing & their shares were worth one-seventh of what they had been when they traded for a year at a tenth of a cent. In order to preserve the company they sacrificed shareholder value. Surely 'tongue in cheek ' they said "your board has been working tirelessly in shareholder interests' . Would someone post the photo of JD outside the rear of his home, with the cheesy grin on his face? The photo tells it all.

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CLZ Price at posting: 1.2¢ Sentiment: None Disclosure: Held
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