Member Info for Bannor

Certidão de Publicação Expedida
Relação :1050/2020 Data da Disponibilização: 01/10/2020 Data da Publicação: 02/10/2020 Número do Diário: 3139 Página: 1049/1052

Issued Publication Certificate
Ratio: 1050/2020 Date of Availability: 10/01/2020 Date of Publication: 10/02/2020 Number of the Diary: 3139 Page: 1049/1052

..... morns Frankie .... here's a thought you could always take a 'Stayman' Apple to bridge & just plonk that on the table as an indicator... you might not find one in your local grocers though :-)

Jeez H C ...... what time zone & planet you on?
1) who is the MB you're saying good morning to - yourself
2) it's the 01st Oct today has your missus really boiled & burned beetroot twice already.

Stay away from the red mushrooms with the white spots buddy :-))

Look away Frankie...... & oh well here goes with the Apple puns....

Indeed but nothing cheers me up more than when my Cox's in cider

Morning Eric ... I made an Apple crumble the other day..... I told it it had spots, was bitter & it's core was weak - should've seen its face :-)

...no worries but really I wouldn't take my reading of it as any more accurate or comprehensive than my most recently born 6th grandchilds whose now 2!

The payment reference might he related or unrelated .... it might be that this court is aware that DEV & the banks have reached 'agreement' & so indeed are indicaing that DIPA escrowed monies must be released & creditors paid & all this within 5 days .... which makes that imminent really very imminent!!

Either way I'm still waiting for THAT RNS..... :-)

@cause..... these translated legal texts are quite difficult to follow & that's for sure but for what it's worth how it reads/appears to me (& I might be very wrong) is that an application has been made by representatives of some/all creditors to seek settlement elsewhere from an unrelated party for the $2.5M of our escrowed monies (perhaps linked to hoped/expected earlier ore sales) & the court has simply ruled that it is not for the court to decide on whether the creditors covered by DIPA finance in the JRP can do so ..... however what they appear to me to have also ruled is that the creditors must now confirm (within 5 days) whether they want to continue to be covered by the JRP DIPA finance or not ..... & if they don't the JRP will be amended (convoluted) to reflect the change by virtue of their stated intention to seek settlement elsewhere.

Not sure it changes anything from our perspective - but the more time that passes the more Kirans imminent becomes imminent you'd think LoL .....

Translation of start prior to listing of names..hmmmmmm

9/29/2020 Sent to DJE
Ratio: 1050/2020 Content of the act: Visas. Last decision pages 17,612 / 17,614. Fls. 17,477 / 17,554 and 17,615 / 17,626: If labor creditors wish to pursue the satisfaction of their claims in the Labor Courts, against a third party not in judicial recovery, it is not for this court to decide on this matter. The competence to hold another company responsible for labor debt is not of this judgment, which is limited to supervising compliance with the approved plan. Therefore, if the labor creditors ratify their claim to exclude themselves from the process, they will not be entitled to any payment of the amounts deposited in court, which are intended to comply with the plan. Demonstrate in 5 days. Fls. 17,627: Aware of the injunction granting the interlocutory appeal. Fls. 17,634 / 17,636: There is no legal provision for summons from the Public Prosecutor at all times, as intended by the creditor, as the process is intended to resolve the crisis negotiated between the debtor and creditors, and only when there is a need to control the legality of the negotiation , the MP will be summoned, as the law enforcement officer. The recoveree, the creditors and AJ must express their intention to use the amount deposited in the records, referring to DIP Finance A, for the payment of creditors. Fl. 17,637: Incident No. 0009954-08.2016.8.26.0100 should be referred to the conclusion. Fls. 17,638 / 17,640: Tell the President of the Creditors Committee, Dr. Ricardo Souza Oliveira. Fls. 17,641 / 17,642: Ciência à Ipiranga Produtos de Petróleo S.A. 17,671 / 17,672: Note the resignation. Fls. 17,673 / 17,675: Say the reorganizer and AJ regarding the alleged breach of the plan. If payment has not been made, the delay will be amended in 5 days, under penalty of convolution of bankruptcy recovery. Int. Lawyers (s): Larissa Chaves de Oliveira (OAB 2167 / AP), MATEUS DE ANDRADE AMARAL (OAB 120941 / MG), José Murilo Procópio de Carvalho (OAB 23356 / MG), Rodrigo Pacheco Pena (OAB 90465 / MG) , Jose Maria Castro Castilho (OAB 4360 / PA), Leandro Abdon Bezerra (OAB 1610 / AP), Galliano Cei Neto (OAB 2294 / AP), Fernando José Barbosa de Oliveira (OAB 34320 / RJ),

Movimento
29/09/2020 Remetido ao DJE
Relação: 1050/2020 Teor do ato: Vistos. Última decisão fls. 17.612/17.614. Fls. 17.477/17.554 e 17.615/17.626: Se os credores trabalhistas desejarem perseguir a satisfação de seus créditos na Justiça do Trabalho, contra terceiro que não está em recuperação judicial, não cabe a este juízo decidir a respeito. A competência para responsabilizar outra sociedade por dívida trabalhista não é deste juízo, que se limita a supervisionar o cumprimento do plano aprovado. Diante disso, se os credores trabalhistas ratificarem sua pretensão de exclusão do processo, não terão direito a qualquer pagamento dos valores depositados em juízo, que se destinam ao cumprimento do plano. Manifestem-se em 5 dias. Fls. 17.627: Ciente da concessão da liminar no agravo de instrumento. Fls. 17.634/17.636: Não há qualquer previsão legal para intimação do Ministério Público a todo momento, como pretendido pelo credor, pois o processo se destina uma solução da crise negociada entre devedor e credores, e, apenas quando houver necessidade de controle da legalidade da negociação, o MP será intimado, como fiscal da lei. Manifestem-se a recuperanda, os credores e a AJ quanto à pretensão da utilização do valor depositado nos autos, referente ao DIP Finance A, para pagamento dos credores. Fl. 17.637: Remeta-se à conclusão o incidente nº 0009954-08.2016.8.26.0100. Fls. 17.638/17.640: Diga o Presidente do Comitê de Credores, Dr. Ricardo Souza Oliveira. Fls. 17.641/17.642: Ciência à Ipiranga Produtos de Petróleo S.A. 17.671/17.672: Anote-se a renúncia. Fls. 17.673/17.675: Digam a recuperanda e a AJ quanto ao alegado descumprimento do plano. Caso não tenha havido o pagamento pleiteado, emende-se a mora em 5 dias, sob pena de convolação da recuperação em falência. Int. Advogados(s): Larissa Chaves de Oliveira (OAB 2167/AP), MATEUS DE ANDRADE AMARAL (OAB 120941/MG), José Murilo Procópio de Carvalho (OAB 23356/MG), Rodrigo Pacheco Pena (OAB 90465/MG), Jose Maria Castro Castilho (OAB 4360/PA), Leandro Abdon Bezerra (OAB 1610/AP), Galliano Cei Neto (OAB 2294/AP), Fernando José Barbosa de Oliveira (OAB 34320/RJ), Flávio Antônio Estes Galdino (OAB 94605/RJ), Alessandro de Jesus Uchoa de Brito (OAB 1045/AP), Daniel Augusto de Moraes Urbano (OAB 71886/MG), Arthur Gonzalez Cronemberger Parente (OAB 373679/SP), LUIS CLAUDIO FURTADO FARI (OAB 125653/RJ), Guilherme Aquino Reusing Pereira (OAB 33209/SC), Ademir de Melo Vasconcelos (OAB 901/AP), Josiete do Socorro Botelho Dias (OAB 2896BAP), Josiete do Socorro Botelho Dias (OAB 2896BAP), Natália Salvador Veiga (OAB 377890/SP), João Luís Aguiar de Medeiros (OAB 60298/RJ), José Custódio Pires Ramos Neto (OAB 150225/MG), William Freire (OAB 47727/MG), Andre Luis Moreira de Souza (OAB 114663/MG), Becker Flores Pioli Kishino - Direito Empresarial (OAB 438/PR), Enildo Santana Amanajás (OAB 2438/AP), Gabrielle Gazeo Ferrara (OAB 361024/SP), João Pedro do Nascimento Silva Pimenta-Bueno (OAB 161847/RJ), Igor Pereira A

https://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=02285900

TC - Mexico, USA & Canada make up North America..... then you get the Central American countries (Belize, Guatemala, Honduras etc) before you get to South America ..... depending on where you look there are references to the very South of Mexico being in Central America & that Central Ameirca is actually on the North America continent ...... irrespective Mexico is North America.

@cause KDNC's interests are protected providing we continue to participate &,increase our holding by contribution as accommodated with the agreement with Indo.

After release of our $2.5M we will have 20% with the option of increasing that to 27% for an extra $3.5M & then again to 49% (max 49.9%).

If we choose to walk away (we can't be forced) by electing not to exercise the increased ownership to 27% &/or 49% Indo will have the option but not the obligation to buy back our 20% (or 27%) for 1.5 Times what we paid for it.

Much may hinge on the independent study which should validate our involvement at whatever level we choose to take it to..... fingers crossed for 49% with us PI's having the opportunity to participate in capital raises to make it happen if required (by virtue of non sale of other assets)

Indeed..... although KDNC's $2.5M is held in escrow pending the precondition of bank agreement & the transfer of 99.9% of DEV shares into the JV at which point the $2.5M will be released & KDNC will own 20% of JV co.

If anything stops KDNC's 20% ownership our $2.5M will be returned to us & we will be owed the loan we provided to them + interest.

When there was the threat of shipments being made without first gaining bank agreement it was up to the sum of $10M & it was directed that $2.5M of those sales would be set aside to settle the Labour creditors that our escrowed $2.5M was set aside for.

Now we have (supposedly) got bank agreement, as previously said I don't think shipments will occur until after this we contracts are finally agreed, signed & recognised within the JRP thus bringing the event timeline back into line .... if not in line with the projected, expected, indicated, stated, 'imminent' dates originally & subsequently identified.

& translation in Full !!
Decision
Visas. Last decision pages 17,612 / 17,614. Fls. 17,477 / 17,554 and 17,615 / 17,626: If the labor creditors wish to pursue the satisfaction of their claims in the Labor Court, against a third party not in judicial recovery, it is not for this court to decide on this matter. The competence to hold another company responsible for labor debt is not of this judgment, which is limited to supervising compliance with the approved plan. Therefore, if the labor creditors ratify their claim to exclude themselves from the process, they will not be entitled to any payment of the amounts deposited in court, which are intended to comply with the plan. Demonstrate in 5 days. Fls. 17,627: Aware of the injunction grant in the interlocutory appeal. Fls. 17,634 / 17,636: There is no legal provision for subpoenaing the Public Prosecutor at all times, as intended by the creditor, as the process is intended to resolve the crisis negotiated between the debtor and creditors, and only when there is a need to control the legality of the negotiation , the MP will be summoned, as the law enforcement officer. The recoveree, the creditors and AJ must express their intention to use the amount deposited in the records, referring to DIP Finance A, for the payment of creditors. Fl. 17,637: Incident No. 0009954-08.2016.8.26.0100 should be referred to the conclusion. Fls. 17,638 / 17,640: Tell the President of the Creditors Committee, Dr. Ricardo Souza Oliveira. Fls. 17,641 / 17,642: Ciência à Ipiranga Produtos de Petróleo S.A. 17,671 / 17,672: Note the resignation. Fls. 17,673 / 17,675: Tell the recoveree and AJ about the alleged breach of the plan. If the payment has not been claimed, the delay will be amended in 5 days, under penalty of convolution of the bankruptcy recovery. Int.

Decisão
Vistos. Última decisão fls. 17.612/17.614. Fls. 17.477/17.554 e 17.615/17.626: Se os credores trabalhistas desejarem perseguir a satisfação de seus créditos na Justiça do Trabalho, contra terceiro que não está em recuperação judicial, não cabe a este juízo decidir a respeito. A competência para responsabilizar outra sociedade por dívida trabalhista não é deste juízo, que se limita a supervisionar o cumprimento do plano aprovado. Diante disso, se os credores trabalhistas ratificarem sua pretensão de exclusão do processo, não terão direito a qualquer pagamento dos valores depositados em juízo, que se destinam ao cumprimento do plano. Manifestem-se em 5 dias. Fls. 17.627: Ciente da concessão da liminar no agravo de instrumento. Fls. 17.634/17.636: Não há qualquer previsão legal para intimação do Ministério Público a todo momento, como pretendido pelo credor, pois o processo se destina uma solução da crise negociada entre devedor e credores, e, apenas quando houver necessidade de controle da legalidade da negociação, o MP será intimado, como fiscal da lei. Manifestem-se a recuperanda, os credores e a AJ quanto à pretensão da utilização do valor depositado nos autos, referente ao DIP Finance A, para pagamento dos credores. Fl. 17.637: Remeta-se à conclusão o incidente nº 0009954-08.2016.8.26.0100. Fls. 17.638/17.640: Diga o Presidente do Comitê de Credores, Dr. Ricardo Souza Oliveira. Fls. 17.641/17.642: Ciência à Ipiranga Produtos de Petróleo S.A. 17.671/17.672: Anote-se a renúncia. Fls. 17.673/17.675: Digam a recuperanda e a AJ quanto ao alegado descumprimento do plano. Caso não tenha havido o pagamento pleiteado, emende-se a mora em 5 dias, sob pena de convolação da recuperação em falência. Int.

My Google translate:
Decision
Visas. Last decision pages 17,612 / 17,614. Fls. 17,477 / 17,554 and 17,615 / 17,626: If the labor creditors wish to pursue the satisfaction of their claims in the Labor Court, against a third party not in judicial recovery, it is not for this court to decide on this matter. The competence to hold another company responsible for labor debt is not of this judgment, which is limited to supervising compliance with the approved plan. Therefore, if the labor creditors ratify their claim to exclude themselves from the process, they will not be entitled to any payment of the amounts deposited in court, which are intended to comply with the plan. Demonstrate in 5 days. Fls. 17,627: Aware of the injunction grant in the interlocutory appeal. Fls. 17,634 / 17,636: There is no legal provision for subpoenaing the Public Prosecutor at all times, as intended by the creditor, as the process is intended to resolve the crisis negotiated between the debtor and creditors, and only when there is a need to control the legality of the negotiation , the MP will be summoned, as the law enforcement officer. The recoveree, the creditors and AJ must express their intention to use the amount deposited in the records, referring to DIP Financ

LoL ... nor me I would waste my time .... amazing though isn't it ..... someone cluttering up the board with unrelated rubbish complaining about someone cluttering up the board with unrelated pleasantries - I know which I prefer PMSL :-))

Afternoon Frankie/MB :-)

Pure Energy.... materials or minerals

.... LoL... :-))

.....I'm not so sure we won't be looking to exit EMH in the not too distant....

........just goes to show how you can be misled by misunderstanding & believing what's posted on these boards .... for some clarity..... there is NO JV between KDNC & EMH as indicated by sharetalk ... KDNC holds a stake in EMH's sharecap no more no less ..... no less for now at least!!