CLZ classic minerals ltd

Toilet & Fifo : was the last consolidation around 15 months ago...

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    Toilet & Fifo : was the last consolidation around 15 months ago .Then the 150/1 came on at 15 cents and fell rapdly to a few cents, then after a week fell to a tenth of a cent . i don't know how accurate this is?
    But this time sellers are a wake -up.This next fall will be rapid because management has no credibility, therefore there is no stability in the share price..The share price is vonerable for any price over a tenth of a cent , mainly because the company persistantly undermines it's own share price by ever lowering the issue priceof bew stock.
    Because of the debt , being continually rolled over , the business cant be valued.
    Because there are no capital and there is around 10 million of debt by way of short term loans, owed by the company, there is no postive cash flow. Rather it is solely dependant on This LDA money, which is akin a money tree.So no- the company has no value , but it claims to have LDA, a bit like father Christmas .
 
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