RE: Injunction18 Mar 2015 11:42
a meeting took place in December last year chaired by the minister of mine where SIG made a offer to AML to pay all their external debts, pay all penalties owed and clear the shareholder loans between each of them to zero, in return for the equity positions to be reversed to SIG 75% and AML 25%? Now if that rumor has some merit why would FT, Watling and the BOD walked away from shareholders retaining a 25% supposedly convertible interest in an asset and instead accepted a position of hey let's just go and appoint administrators? Purely speculative rumor unless confirmed but something did appear in the local paper in SL in December re a meeting.
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chanticlair2015- could you please post that link please as I don't remember seeing it.