CLZ 0.00% 0.1¢ classic minerals ltd

AuResources advance 1st payment, page-8

  1. 3,099 Posts.
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    Spoton, we can only guess how much money has been lost, when they pursued their strategy of unrelenting 'below market' capital raising .
    How many people bought stock thinking it was cheap, only for it to get cheaper and cheaper , as the company found more new people and companies to sell to.
    They did this until it was at the lowest market point of one tenth of a cent.

    They then went off-market and sold at a discount to the lowest market price & issued stock down to half a tenth of a cent, so that takers could go on-market, and join the sell cue to make a profit.
    In short they undermined their own shareholders shareprice.
 
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