CLZ 0.00% 0.3¢ classic minerals ltd

Consolidation, page-32

  1. 2,924 Posts.
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    What we do know. They have expunged the value of the shares of existing pre-consolidation shareholders.
    They have contracted ownership of CLZ assets to another company in exchange for some money upfront, maybe 10 million, and admitted they might not be able to pay the money back at the agreed time, necessitating company assets being forfeted to AU resources
    Left many millions in unpaid short-term loans loans to the company, become long-term loans, at an interest rate of 33 percent per annum.
    Keep up the exposure of this company's activities, so that other holders do not also become entrapped
 
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