Currently there as around 1.45 billion shares . At the first...

Currently there as around 1.45 billion shares . At the first consolidation there were 34 billion . At the second consolidation there was around 13 billion.
I guess they don't have much to loose doing another one.
The stock is absolutely dead in the water. It hardly trades any more & looks to be abandoned by the board and management. What happened to the deals ? Where are the market updates ?

The big shareholders on the sell side may be nervous about their chances of getting out , especially if there was a consolidation & the subsequent dillution.
Even if they did one , who is left on the ASX who will buy it, as almost everyone has been burnt, by this debt ridden mutt .
At the first consolidation it went from around 14 cents to one tenth of a cent. At the second , it fell from 2 cents to one tenth of a cent .
The stock has no credibility or support.Big stakeholders are locked in .
Hate to say we told you so, because it's all about keeping the gravy train rolling . They could be involved elsewhere and don't give a toss about CLZ, or it's share holders.
Try to leave a message on their unanswered phone. And contact Companies & Securities (Perth ) and report back here.
Even Garth looks like he has given up on them. Did you really think they would not stooge you Garth ?