CLZ classic minerals ltd

CLZ Audited Financials and Statements, page-7

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    In the old pre-consolidation shares which is only about 3 months ago . when they were one-tenth of a cent, there were 32 billion shares. Didn't the Convertable Notes effectively double the number of shares, in the old money? So that was 64 billion equivalent . This issue is another 32 billion equivalent . So that's 100 billion shares equivalent - and that's not taking into account the issue options/. Share diluting on steroids. With fundamental analysis, this is why the chances of you ever seeing a one-cent return on your investment is ever fading . But people do it because they think there is fast money in these situations. Unfortunately, 2 out of 3 who do it will be disappointed, because the reality is they are very good at share manipulation, but not so good at gold mining DYOR
 
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