once dead in the water there is not many options left. I have...

First 23 Last

Share
Profile

Follow
PaydirtMax

137 Posts.

10

07/09/24

16:19

Post #: 75575045
Share

Originally posted by bungalowbill: ↑

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 ?

Expand

once dead in the water there is not many options left. I have seen some other stock go dead and they did a name change and merger fresh start

CLZ Price at posting: 0.1¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Trump is President Again: What Does This Mean for Crypto?

There are more pages in this discussion • 9 more messages in this thread...

First 23 Last

Add CLZ (ASX) to my watchlist

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $1.544M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

once dead in the water there is not many options left. I have...

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Overland drilling proves promising for Australian Rare Earths' uranium hopes

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Trump is President Again: What Does This Mean for Crypto?

Featured News

Featured News

once dead in the water there is not many options left. I have...

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Overland drilling proves promising for Australian Rare Earths' uranium hopes

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

Trump is President Again: What Does This Mean for Crypto?

Featured News

Featured News