RE: america20304 Jul 2018 11:40
. “Mr Tidswell-Pretorius acknowledges that 39,000,000 Ordinary Shares held by him were transferred to America 2030 in contemplation of a possible equity linked loan against his shareholding; however, he contests America 2030's rights to sell any of these shares on the basis that the associated documentation in relation to a possible loan was never finalised
Have bought a few at this level but do find it noteworthy that he's only contested their right to sell shares on the grounds that the paperwork was never finalised.
Take it then that if it had been finalised they would have the legal right to sell his shares so they weren't just being used as straight collateral and he was ok with that?