Ann: Effectuation of Deed of Company Arrangement, page-147

I see you are blaming the management but you got to remember that there might be a lot more to this story. There might be a reason that AJM was not able to secure the loan early. There must be some very powerful people involved in this whole cheap TO..

KB managed to get the fund as soon as he wanted it for AJM project and AJM could not secure FUNDS for over a year for the same project...ask yourself this question does it sound right??

Big corporate games and it only takes on phone call from one person in power to change things...


AB did not put all this money in AJM to see that go overnight. I am just glad they are trying to make a comeback. Other company I was holding with high debt (SDA) the management sold off the company during admin and suggested us to claim the tax loss today....Doesnt feel very good holding one of those..so nice of them to ask us take a tax loss..lol

AJM ..has been backstabbed and that's the end of story for me...Hopefully we will find out something if these guys make a comeback...

IMO