"Creafin showed their hand early on. No commission of the deal of the decade!!! "
IMO Creafin didn't ask for commission due to the fact that I-world does not exist. If you Google I-world there is no such company in Korea.
Worth reading the latest on on Atlas selling below cost , http://www.abc.net.au/news/2015-01-...oduction-costs-higher-than-sale-price/6029454
with a footnote suggesting that iron ore prices are expected to fall below $60.
Unless they have arranged another exorbitant loan to cover wages the directors are running the risk of being liable for trading insolvently. Debts incurred whilst trading insolvently can be recovered against directors.
It will be interesting to see if a quarterly report will be released at the end of January!
FAS Price at posting:
0.4¢ Sentiment: Sell Disclosure: Not Held
