Google deep capture Goldman saks
Great find. I see that Merrill was fined beginning of June for the same activities. Could result in millions of shares naked in CLF.
Now that the company owns 100% of NG joint venture, what can we expect in additional revenue and income? These assets have to be worth north of 500 million. No way can BK eliminate all equity value.
The delisting itself is a breach of management's fiduciary duty to shareholders.
I would also put the SEC in that category.
Why in the world would you want debtor-in-possession financing at extremely high interest rates. Just does not make sense. That financing is design to give a company operating funds to see the company through a bankruptcy reorganization process and these funds have a priority in the company's assets over the most senior secured lenders. ANR does not need operating funds.
Wall Street greed will trigger a mob mentality that will have serious consequences for greedy people in the future.
Wall Street guys have figured out a new way to takeover these companies without spending as much of their own money. Now they short the stock and take the money to buy bonds at depressed prices and then force the companies into bankruptcy or a restructuring that does not include us.
CLF stock price is being knocked down in the biggest stock manipulation since securities regulations were put in place. No one can stop them. The trading in this company is highly suspicious to all of us on this board. There are no fundamental reasons to account for the serious drop in the past month. Every rally is hit with selling. Let's get rid of these guys. L G are you listening or are you deaf and dumb?