CLZ classic minerals ltd

Starting with the base ie one-tenth of a cent, which is what it...

  1. 4,158 Posts.
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    Starting with the base ie one-tenth of a cent, which is what it has traded at, can someone attempt to work out what a unit would be worth after 150/1 consolidation & the actual value of the convertible notes. This stuff does my head in, it's like sticking your head in a sewer to see what's going on.All holders remember these Convertable note holders got their shares about half price to one-tenth of a cent, so they will be doubling their money IF they can sell on market - that is a big if . This is a reverse Ponzi scheme - it just gets cheaper & cheaper, but each new equity provider has the potential to make money, if they can sell quick enough, before the new next off-market capital raise. Off-market, there may be no limit to how many shares & capital raises can be done- need to check this though.
 
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