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rusty388

502 Posts.

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30/11/18

16:59

Post #: 36709109
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Originally posted by judd85 ↑

11 resolutions the last being a further 300,000,000 shares to be issued.

Both Dean and John spoke and John (who is older than than I thought) conducted. Both talked up the asset as being one of the most significant they have ever found. Dean explained hIs hIstory workIng In the regIon wIth a prevIous company (that went bust).

Famous family members were seated back row and voted to support each resolution.

questions were asked about the excessive amounts of shares that are and will be on issue after the next flood (11.98% increase) to which John stated they need funds plain and simple to build the asset which to them is looking very good. questions about procurement of contractors and consultants were raised to which Dean replied he hires people he knows and trusts.

My two takeaways from this folks is
1) These are well IntentIoned folks but amateur hour. Reminded me of the rat pack Jordan Belfort puts together in The Wolf of Wall St in the garage
2) Felt sorry for all the pensioners in the room (80% of the 20 odd audience members). Made a boo boo putting their savings in such a stock to get rich quick.

One of the main contractors In the audIence said (which the board were a little awkward) that they and the company were looking to make money of a "undilutable asset very soon".

It is what it is. This company has 2.5 billion shares and will have 2.8 billion shortly. They need money given what stage they are at plain and simple.

No mention of the court case

cheers

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I really appreciate your feedback. Thank you.

CLZ Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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