Member Info for Bfdinvestor

Lol

It's all explained in the original funding transaction RNS, the most appropriate bit copied below. As at the last set of accounts, repayment of the loan to Kodal is still outstanding and is part of over £6m now owed to Kodal

Through the KMUK Funding Transaction, Kodal's new subsidiary, KMUK, will become the indirect owner of Bougouni and the Hainan Group will acquire a 51% shareholding in KMUK by way of a US$94.34 million (£77.3 million) share subscription. The Hainan Group will at the same time extend a US$5.66 million (£4.6 million) loan to KMUK (the "KMUK Loan").

· The proceeds from the KMUK Loan will be used by KMUK to partially repay to Kodal the loan from Kodal to KMUK representing capital invested by Kodal in the development of Bougouni to date.

Chaebol we all know your opinion

Repeating it incessantly doesn't make it anymore valid.

There are different potential options, not just yours

Guys lets get the numbers right

Hainan invested 94m dollars into KMUK for a 51% share. They paid a further 6m to reimburse Kodal for work already done. This money hasn't yet been paid back to Kodal.

The KMUK 2024 accounts show 66.4m dollars as owing from group undertakings. LMLB is the only such undertaking. The 15m loan was subsequent to the 2024 accounts

So we can say with certainty that 81.4 dollars atleast is payable to KMUK before any funds are due to the government. I'd guess when the 2025 accounts come out, the figure will be higher

What are the damages sought in the legal case Kat, you seem to be avoiding the question

Has it Mouse.

How would you know the actual sell price lol

The KMUk accounts for 2024 state that it is owed 66.4m dollars by group undertakings. It only has the one!

So we know atleast 81.4m dollars are receivable before any form of profit share kicks in and probably a fair bit more than that

Some of us, Chaebol excluded from memory, have always said this was never going to court Billy

She was not a party to the original SPA/arbitration agreement, so she cannot be forced into arbitration. Her case is mainly based on alleged breaches of fiduciary duties as a former manager.

Strange I had to point that out to you earlier Chaebol!

My personal view is GST will choose to focus on the two former directors. Who knows what will be decided on the 14th, there are many more options than you are currently portraying Chaebol

Why would I be angry or triggered Chaebol.

I find your propensity for dishonesty amusing

Neither of us know the reason that two separate stays have been sought. You are implying that it is a good thing for the two former directors, with your usual degree of misplaced certainty

I am saying that there are different options and outcomes

You seem unable to accept that there can be any version of the truth other than your own.

Meeting any challenge with anger and abuse destroys your argument and nobody else's Chaebol

Maybe Paul the share holder could contact them

Or do you think they are wise to that one as well now Chaebol lol

A little advice for you as well for you Chaebol.

Anger and abuse only win arguments in a playground.

In the real adult world they just appear stupid and defensive

Incorrect yet again Chaebol. This is what the RNS actually said, it confirmed the date of the mediation meeting, not when mediation actually started. Not was it described as the end of the process. Never so right as when you are wrong again Chaebol

A mediation hearing was held in early December 2025 and a formal settlement agreement between the Sellers and the Company is expected to be entered into in late December 2025 or early January 2026

What is incorrect in my statement you refer to Chaebol. Both Bake and Semnet are creating innovative new partnerships

You can't even deflect effectively lol

This is what I'm on about Chaebol. Never so right as when you are wrong.

why always so angry Chaebol.

Now if Mediation is going on for 8 weeks and it started first week of December they somehow agreed to a 'outlined agreement in days and then published it in its interims 18th December, amazing !

Wow Chaebol you have just shown how little you actually understand outside of the waffle.

Arbitration proceedings were kicked off in the summer last year. The actual mediation final meeting and agreement happened in December.

Comical

Arbitration did give a result Chaebol.

The two former directors ignored the result.

That's why court proceedings were initiated

Let's see Chaebol

We know you can never be wrong in your own head despite plenty of evidence to the contrary

Daphane has never been part of the arbitration process, so she can't go back there

As posted below, there are three outcomes. GSt likely wins in all three

Oh, and let's not forget Chaebol, you and the other uninvested were crowing a couple of weeks back that the whole case had been thrown out because it was no longer showing on the court database.

You were wrong then, although you won't admit it, and you may well be wrong again.

Strange Chaebol I recall you stating that this would go on to 2028.

I remember many, myself included, that this would be settled in a matter of months before a court date.

Now, based on nothing at all, you are stating it is 100% going back into arbitration. Whilst it is one potential outcome, there are two others.

1. The applications are rejected. Entirely possible given it's another hearing with an assistant registrar

2. All parties agree a settlement framework that is approved by the court without the need for arbitration. It's interesting that two different stays are being sought, which suggests different grounds and therefore potentially different outcomes. Daphane walks away, the other two don't.