RE: Rns12 Mar 2025 12:20
Has enough money to buy Monaf shares:
RNS 12/03/25
"Huo Investments (Pvt) Limited (the "Investor") has purchased 6.502% of shares in Monaf"
But AFAIK, still hasn't paid the outstanding $500,000 and even that was very late:
RNS 03/12/24:
"additional US$1m from the minimum royalty payment by the end of this month"
So originally end of December
RNS 02/01/25:
"pleased to confirm it has now received its first royalty payment of US$200,000 and expects to receive a further US$800,000 this month"
Then end of January
RNS 13/02/25
"has now received a further royalty payment of US$300,000"
"The balancing US$500,000 payment under the previously reported US$1,000,000 is expected to be made later this month."
Then end February
RNS 27/02/25
"The Company has received $500,000 in royalty payments, with a further $500,000 to be paid shortly."
When is shortly? At least 4 weeks and still counting
So why the constant delays paying up?