When Rividum RIL did their last cap raise before they went into receivership, there was a minimum percentage acceptance that they had to raise; it may have been half, but they failed to achieve that. Their management didn't back it adequately & this lot have never supported this company. They would probably need to be a minimum if CLZ attempts a cap raise. Yes I think CLZ may have only got one-third last time, ie, around $130.000.I can't see the exchange prolonging the suffering of the public by allowing them back.
The underhanded issue of the Convertible Notes & their obscene conversion rate into shares & the subsequent control of the Company through stealth, does not lend itself to pleasant reading. The ridiculous salary of the CEO & his departure were the final nail in the coffin.
The way the 5 supporters were used. And it was blatantly obvious to every man & his dog - what they were up to.
13 years of misery, for their shareholders, let's see if they can manage to get back to the lists & let's see what support they have.
I feel for those who bought at the end, and who have been hoping they could get it back to market.
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