It is purely a conversion of debt to equity, 108K of debt converted to 108 million shares .. If you have a look at the precise number of the loan amount, it may have been one of the loans to the company. I don't know why anyone would bother, but the chances of getting the money back are slim & the chances of selling the shares on the market are even slimmer. There may be some announcement coming & the shares may be seen as a better option. Also, the Co can claim they have reduced debt. We will have to wait & see if it's just shifting chairs on the Titanic.
- Forums
- ASX - By Stock
- CLZ
- Ann: Proposed issue of securities - CLZ
Ann: Proposed issue of securities - CLZ, page-9
-
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CLZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.439M |
Open | High | Low | Value | Volume |
0.1¢ | 0.1¢ | 0.1¢ | $471 | 471.1K |
Featured News
CLZ (ASX) Chart |