Applied Minerals Inc (fka AMNLQ)

[wald]

A slow burn without merit?
Unfortunately, it seems that Atlas Mining's "newly appointed senior management" considers NaturalNano to be a company with which Atlas’ former management has had a prior business relationship. I seemed to me they had an on-going business relationship.
In making their "discovery" did "newly appointed management"
become aware of the warrant to purchase ALMI shares that
NaturalNano obtained and the details of the "Supply Contract"
that guaranteed a fix price for the future delivery of processed halloysite clay, which did not require purchases of clay on the part of NaturalNano?
Are they not adequate compensation to book the money received
by Atlas? The reports of Atlas never showed an inventory of
bagged clay as well as not showing an obligation to deliver
clay that was due under the "Purchase Order/Supply Contract".
I had confirmed with NaturalNano that they had no need for the
clay in question - and I suspect no place to store it.
Atlas did not show the balance due to Atlas upon the resale of the clay on their books. _
Note: NNAN sold the warrant at a considerable profit after carrying it on its books as an asset.