IMO, if CLI survives this debacle, Atlas will effectively own CLI
due to the massive dilutionary potential of the above proposed
finance deal and its implication for the existing Atlas debt.
As such, CLI will likely be managed for the benefit of Atlas
Option 2: An Administrator appointed until such time as the
the financing deal is set and that the 2020 crop is proven successful
(this would prevent Atlas from managing CLI for Atlas' sole benefit
& shorting CLI with CLI borrowed shares- Atlas requires CLI to loan
it an equal # of shares to those bought by Atlas)
Option 3: That CLI has to declare bankrupsy & both shareholders & Atlas loose.
That original owners of CLI pick up the remains for two bob from the liquidator.
IMO, CLI has been in crisis management mode since October and this is
why shareholders' phone calls & emails have not been answered and
why Oct announcements did not tell the whole truth.
All IMO only and shareholders are advised to seek professional advice
before taking any action on this issue.
- Forums
- ASX - By Stock
- Ann: Trial hemp farm results & 20M facility secured
IMO, if CLI survives this debacle, Atlas will effectively own...
-
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OLY (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.162M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32186 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 184744 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32186 | 0.037 |
2 | 100183 | 0.030 |
1 | 22292 | 0.028 |
1 | 400000 | 0.026 |
1 | 2000000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.043 | 184744 | 1 |
0.044 | 135127 | 1 |
0.045 | 73251 | 3 |
0.047 | 48695 | 1 |
0.054 | 40000 | 1 |
Last trade - 10.06am 26/08/2024 (20 minute delay) ? |
Featured News
OLY (ASX) Chart |
Day chart unavailable
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online