CLZ 0.00% 0.1¢ classic minerals ltd

Insolvent next move, page-129

  1. 3,232 Posts.
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    The one million shares now equate to 7,500,000,000 ie 7 and a half billion in the pre-consolidation shares. Note there were only 250 million shares originally before they started issuing the confetti. When people originally bought their shares, there were only 250 million, nobody could foresee the massive issuing of shares. It was only after 12 months people clicked, that they were getting diluted to oblivion.
    If you buy one share now it is equivalent to 7,500 shares in the pre-consolidation shares . My 60,000 shares that i originally bought for $500, now number 8 after both consolidations and are now worth 13 cents. If people read this , why in the blazes would they give them any more of their money? When they next consolidate, i won't own one share. There are now 1,875 billion shares equivalent in the original share capital.
 
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