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0.1¢ classic minerals ltd

if the going rate is 002 then they only have to give 500000 at...

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156

18/09/20

23:13

Post #: 47465889
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Originally posted by Bones01: ↑

Can anyone explain this to me. If CLZ owe $1000 to a contractor, CLZ create more shares to give them 1 million shares at .001 = $1000. So why not instead create those shares and sell them at the going rate, lets say at .002 = $2000. Pay the contractor his / her $1000 and Clz keeps $1000 cash, or only create enough shares to cover that debt by selling on market at .002. That would reduce the dilution by 50%. Am i a bit stupid with this idea or is it more complicated than i think. At the end of the day the contractor invoices us for $1000 and they only expect $1000. That might, stem the flow of a heap of shares being sold at .002.

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if the going rate is 002 then they only have to give 500000 at 001 to pay the 1k
they should start pulling the stuff out of the ground and pay with gold.

CLZ Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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