will cleveland cliffs be coming after us, page-6

Unfortunately, for all the dreamers, Cleveland Cliffs is a company based in the United States of America. Previously a wealthy country but now insolvent by definition, outgoings exceed capital base.

The expectation of a takeover from PMM (Cleveland Cliffs) for cash is unrealistic as cash now does not exist.

The question would you accept scrip from a US company?

Well Fas shareholders would - they accepted scrip from FAS so they will accept scrip from anyone.

GWR shareholders may of course be a little more cautious given the state of the US economy.

My advice is for the tables, table legs and doilies to stop trying to influence the dopes (who now have less than one cent in the dollar) and start trying to convince the directors of FAS and GWR to start running their businesses, or get out of the kitchen.
The time for mirrors is over, only producers have a chance, smoke and mirrors are for now only working in Perth brothels.

How long are you flips going to support a managing director getting $450,000 per year that has managed to reduce the share price from 2.00 to less than 6c.

You've made substantial losses surely he should share in your pain.