CLZ classic minerals ltd

Pretty much all of these share issues are for money already...

  1. 2,003 Posts.
    lightbulb Created with Sketch. 937
    Pretty much all of these share issues are for money already received. So not much achieved with the money.
    No 10 is for part payment of FPG Tenement.
    No 9 is the interesting one. Basically converting previous debt to convertible notes to Whead. Who owns Whead is the question?
    The table for conversion (below) they provide as a guide is very generous to CLZ and not realistic considering its current share price.
    More likely scenario these will be converted once the price hits .001 less 20% discount = .0008 which is equivalent to 2.625billion shares which will essentially give control to Whead. Again, who controls Whead?
    https://hotcopper.com.au/data/attachments/6122/6122841-b9875fe4a55ebc2d9f2cb1292d257f79.jpg
 
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