Ann: Company Update, page-8

They have admitted to going toe to toe with Goldman Sachs?

Look at the volatility in commodities markets. If one is a 'good' commodities trader and can 'move' prices clearly billions of dollars can be taken out of commodities trading every year. They could end up being bigger than the CBA if they play their cards right. A multi-billion dollar company to rival Glencore and the like. Unfortunately commodities trading is all about creating instability in the market after you have taken your position, so they will be up against it until they are a big enough player to send a commodity down 70% or up 70% in 6 months like oil or Iron ore recently were for example. Best to stick to a commodity where they can have a presence.  Magnesium? Acoustic wool?

Would still like to know about the off-balance-sheet liabilities though and I will not buy back into it until I know the full story.