CAI calidus resources limited

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  1. 5,682 Posts.
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    all is not lost for the people that are owed money, the empty shell of a publicly listed company
    on the ASX is worth about 2/2.5 M
    what normally happens is shareholders get shares in the new entity at, say, 100/1 , so for every 100 shares you will get 1 in the rebirth.
    Somewhere in my bottom draw I have shares in YOW, when I owned the shares they were in a company called GSF , global seafood company. The empty company was sold to Yowie and they issued 100/1
    Think I had 2or 3 hundred thousand shares , so divide that by 100. somewhere in bottom draw
    Don't know what the American company is worth, possibly similar.
    So ...all is not completely lost.
    They won't have any problems selling the asx listing company, don't know about the american one.
    good energy in
    bad energy out.
 
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