Well according to a former insider who posts here regularly there was a mobile phone hotline for the select shareholders apparently for insider trading. Things have fallen apart and there appears to be no possibility of the share trading again so even those on the select list are stuck with shares.
It seems the company wants to avoid receivership as it would be the receiver who allots any funds raised from sale of any assets, not the company personell. That means no tax loss can be obtained anytime soon.
Shareholders could force the receivership issue but in an attempt to stave this off they appear to have recruited a former insider to post here that they have been approved by the ASX to trade after the disposal of Kat Gap, giving regular shareholders some false hope.
Reguar shareholders will walk away with nothing, not even a tax loss
Well according to a former insider who posts here regularly...
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.790M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| CLZ (ASX) Chart |
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