Baddy or Goody…ish17 Feb 2022 19:45
When all this kicked of in late 2018 with us filing the fiduciary action against Hope on the face of it looked like slam dunk with him very much portrayed as the bad boy .
We have not learnt many facts yet about what Hope did or did not do , but we have certainly gained a lot of info about alleged actions of our directors , one in particular .
In court docs ( can’t recall which / when ,might have been FTI ) we were told
On April 25th 2018 FRGC entered into a Forward Sale and Purchase Contract (the “Forward Sale Contract”) with Green Capital. See PX 7 at 1. Green Capital initially pre-paid $2.8 million under the Forward Sale Contract, but the contract was amended on October 19, 2018, to increase Green Capital’s pre-payment to $10 million. See id. § 8.3, Addendum #2 § 1. The October 2018 amendment also granted Green Capital a security interest in
FRGC’s asset .
I assume above was the Niko -2 funding that was RNS’d a month later 25th May 18
Can’t see any RNS re the Oct 18 amendment for the increase in money and granting of the security.
Green capitols involvement and those involved around them has been an eyeopener in the saga .
With all thats come to light makes you wonder now what was the knowledge / concerns Hope had that started his thinking about pulling the rug .