“The average duration of incorporation process in Angola is around 5 days but is possible to conclude it in 1 day, with the right assistance.” translated from Portuguese
Looks like they might have an issue with the process of becoming a public limited company, no news on satisfying this condition to funding it’s been not far off a month now.
As the Baron and the Grade Controller have stated things take time in Africa could it be months now although Minbos have stated a deadline for the drawdown their record in achieving deadlines is worst than poor.
Months would mean a shortage of cash to operate.
This current pump has failed and a CR could be looming it could be a heavy discount to the current price.
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