They worked out a capital raising strategy similar to that of...

They worked out a capital raising strategy similar to that of derivatives ie exchange-traded options. This is where you buy options and exercise then to buy shares if they are in the money. This transaction is managed by an options house. But this is only done with stock market participants, who have to register to participate,
But CLZ ran a similar scheme, issuing shares and convertible notes on the market to old & new shareholders & also of the share market to brokers, & financial institutions, and individuals. They also did this with Convertible Notes, that convert into shares. But they issued the shares at all kinds of values depending on who they were selling to. Also, they issued them at all different values on and off the market
Combined with the strategy of continually issuing shares at cheaper & cheaper prices, they completely undermined the share price & drove it to its lowest possible price on the stock market, of one-tenth of a cent. But it had a real price below that off-market because they were issuing shares at down to half that price, THey told creditors & shareholders to go on the market and sell them for a profit. So CLZ was writing valueless script & directing people as to how they could get real money for it - that is as long as they could sell it. But at the same time, they were undermining the share price., The shares had no value, and were equivalent to confetti or toilet paper. The people who were giving them their money were under the illusion they were buying something of value, but in fact, no value was being created. The company had no income, lost money & was heavily in debt. Then to make matters worse, they claimed to have signed contracts to forfeit company assets if they defaulted on these loans to a company ie AuResources.The whole process was akin to buying real estate on the moon. The finance company providing these loans had priority over shareholders anyway . CLZ was acting as an option writer.- but just getting someone else to sell or liquidate the script or shares, they just got the money upfront. They played on the gullibility of the public & **promotion blocked** C&SC who couldn't give a rats- just as long as they received their listing fees. The participants might not lose all their money as long as the musical chair game kept going & they could sell the shares. This is what people refer to as smoke and mirrors. When these financiers look at the company I believe they realize that the company almost certainly has a negative value. & they withdraw from any transaction.