CLZ 0.00% 0.1¢ classic minerals ltd

Ann: Results of Meeting, page-9

  1. 3,111 Posts.
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    Night : It has nothing to do with odds & evens . Rather it is about a minimum of shares .

    Usually what happens is the company , does a buy back with a specified broker , in order to save administration costs.
    Occasionally this used to happen, but someone at CZL grossly exploited these tactics .
    There must be a hell of a lot of people in this situation.
    This has been mitigated by the fact that such a high percentage of people broke with Comsec &they have decided to waive brokerage,( if one asks them) with this dog of a company.
    It is a sad situation , that the company through the use of the 150/1 & 50/1 consolidation caused the reduction of shareholding to zilch . That is the shareholders did nothing .

    This is why many call them theives . And the company defender -Garfmate laughs it off as , just ' buying 4 years too early'
 
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