CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Proposed issue of securities - CLZ, page-77

  1. 2,083 Posts.
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    IMO:

    Before consolidation CLZ were issuing shares to pay debts at 50% discount to .001 = .005

    Suppliers/Creditors probably didn't have a choice because they wanted to get paid and/or part of the CLZ "family".

    Now that consolidation has occurred they can resume issuing shares like confetti!

    Pre-consolidation the SP was .001 so shares issued to creditors couldn't sell because the sell queue was billions of shares taking over a month/s to sell and that's if orders didn't expire.

    Anyone new probably doesn't know the history
 
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