CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Proposed issue of securities - CLZ, page-81

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  1. 3,224 Posts.
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    Bones , 420 million plus shares on the issue now, We need to know what financial institutions are behind all this, it is not behaving like no other mining company I have ever seen before. What they are doing, is continually raising more & more capital & effectively nullifying the previous raises. Like the original shareholders, intrinsic value is way less than 10 percent of what it was originally. And nothing has changed - they still don't produce gold.Who is organizing all of this? The stock is being treated like a derivative . So what benefit do original holders have in holding if their shares if they are being continually devalued, by off-market instruments like the Convertable Notes
 
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