So when they burn the holders of the existing shares, they get the traders to think it is a ridiculous reduction in value, in this case, a 7500 times reduction in value . So the traders don't understand management they just trade, so they attract a whole lot of uneducated people who are only interested in trading and not in the history of value destruction. This is pure gambling.
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CLZ
classic minerals ltd
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So when they burn the holders of the existing shares, they get...
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Mkt cap ! $2.790M |
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