Thats exactly how a pyramid scheme works!

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18/06/24

21:32

Post #: 74378488
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Originally posted by bungalowbill: ↑

When we bought our shares up to eight tenths of a cent, we didn't know the board were about to inplement 3 stategies to wipe out up to 99.99 per cent if it's shareholder value .

Firstly. ongoing below market share issues. firstly to market participants.

Secondy to creditors who has done work for the company, who were encouraged to take shares, at a discount to market price-even when the shares didn't have a buyer on screen and were at the stock markets lowest possible price . Takers were encouraged to join the sell cue in order to make a profit from new shareholders

Around 50 billion shares were issued.Them 2 consolidations were instituted , reducing the share number to around 250-280 milion . This alone wipped out 95 per cent of shareholder capital value .

Afer the consolidations The CLZ board , issued more shares at a discount to market to share brokers & finance companies, and told them to sell them on the stock market for a profit.
Through this process they reduce my 60,000 shares bought at eight-tenth of a cent to 8 shares costing $500 to 8 shares with a value of 2.4 cents. All i had done was hold consistantly , the CLZ Board had done the rest.

Where is the annoucement regarding the recipt of money from AU Resources & confirmation if the payment if $50,000 to Rividium.

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Thats exactly how a pyramid scheme works!

CLZ Price at posting: 0.3¢ Sentiment: Sell Disclosure: Not Held
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