Cleveland Cliffs Inc (CLF): New 52 million dollar law suit will sink...

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Saving Grace

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Friday, 03/20/2015 10:05:13 AM

Friday, March 20, 2015 10:05:13 AM

New 52 million dollar law suit will sink CLF for good.

Expect no bottom at this time in the game as Cliffs is heading for 2 bucks with this new court case and if they lose to the Canadian Banking Giant a BK could very well be in the mix.

If this court case is lost, I believe it will be followed by a BK filing and complete liquidation. Since Goncalves is a liquidation expert with his Cassablanca team, I expect Cliffs to be dissolved quickly and quietly as common shareholders run for the door as there will be nothing to go around for the commons with a complete liquidation.

Goncalves has known about this lawsuit since they filed it and has said nothing. So we now know how he will play this out.

The big three have taken aim at Cliffs to drive them out and now this! No matter which way it's looked at, it isn't good. This may be the end of Cliffs as we know it.

http://ih.advfn.com/p.php?pid=nmona&article=65962482

http://myinforms.com/en/a/11813280-cliffs-natural-resources-clf-stock-slipping-today-amid-bank-of-nova-scotia-lawsuit/