CLZ 0.00% 0.4¢ classic minerals ltd

Insolvent next move, page-56

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    Howaboutthiis . I believe we have greatly affected their sale of shares on the market. For 12 months they have been forced to raise capital off-market . The only thing they haven't done is produce gold. They have looked after themselves at the expense of shareholders. They have used strategies unseen on the Australian market . They may have got these from overseas . They have operated to grossly disadvantage their existing shareholders. They implemented strategies that destroyed existing shareholders' capital values. They virtually wiped out existing shareholders' capital with 2 consolidations.
 
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