Greed? Why does everyone say it’s all about greed? Most of us...

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156

02/09/22

19:39

Post #: 63494574
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Originally posted by tipster: ↑

IMO:

This is the financial dilemma they are in.

Have they run out of that $10M credit line?

Is the new finance transaction an extension of that credit?

When the quantity of shares was agreed upon the SP may have been closer to 2c or higher, we don't know, the creditors took a punt and lost. Good luck doing this again.

A creditor won't necessarily try to cash out once they own the shares, they are just like everyone else, sometimes driven by fear, uncertainty, doubt and GREED!

Probably gives good reason for CLZ to be seeking a finance transaction to ensure servicing creditors.

What is the cost going to be to the company and share of this "finance" transaction?

We find out next week!

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Greed? Why does everyone say it’s all about greed? Most of us just want to help a small mining company succeed by investing a small amount of $ in the hope they turn our $1000 into a Lamborghini so we can destroy tires and suck our rightful share of unleaded out of the pump in the shortest amount of time before Mother Earth runs dry and we have to ride horses everywhere with all the other poor schmucks.
And for the record - all the people saying ‘not held’ really do ‘hold’ but are too embarrassed to admit it! That’s called PRIDE and yes if I own shares in these bunch of thieves business I also won’t be admitting it anymore.

CLZ Price at posting: 1.6¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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