Ann: Proposed issue of securities - CLZ, page-3

That represents a value of 2c per share by my estimation. So what is the creditor saying by paying 2c when the market says 1.6c?
Are they ecstatic at getting 80c in the dollar for their invoices? They should be when shareholders dream about getting 10c in the dollar.

Maybe their invoice for $25,000 was a bit high in the first place, and they now feel some remorse at driving the company to extinction with their overpriced services. Maybe they hear the click clack of footsteps, the auditors walking up the path.