OMG - Raise the Titanic!Some good background reading on the PLV...

OMG - Raise the Titanic!

Some good background reading on the PLV thread.

And good luck with this opaque transaction......

Cockatoo Iron borrowed the sum of $12,237,237 from World System Capital Investment Limited (World
System). The repayment terms for this loan are uncertain, due to there being no formal document which
records the terms of the loan. If the loan becomes repayable it may have an adverse effect on the financial
position of the Company.

.....not to mention all the other risks.

Scant details on the assets being acquired but great deal for the Vendors. $8.7m of stock with all the risks laid off to CRB