CLZ 14.3% 0.8¢ classic minerals ltd

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

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    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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