CLZ classic minerals ltd

At least out of this total mess of a company , the truth comes...

  1. 3,990 Posts.
    lightbulb Created with Sketch. 775
    At least out of this total mess of a company , the truth comes out , how everything was rigged against the shareholders, to cheat them of their money .

    Firstly, how they produced 35.5 billion shares, at ever declining prices. until the share price , got to half the lowest market price .So those providing capital could make a profit on market

    Sendly how the Convertible Notes where marketed to business associates, with an exercise price below the last market price, and at a discount to that last price. Also they netted 33 per cent per annum , which is a around 50 per cent, cummilative. This was meant to be short term financing , but the company paid it for years.
    They hung onto these till the very end. So they made an absolute killing on them, and then converted them to shares at the end , so they they would have the numbers to control the company. All this occured while the shareholders had their shareholder walue decimated by the consolidations . Which reduced the value of their shares by a factor of 7,500, or 98.75 per cent.
    You see , those who held the conversble notes , would have the numbers for the vote. The shareholders were never even offered these notes, only the insiders were. It's pay day time !
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.