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16/12/22
19:08
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Originally posted by JB1975:
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This excerpt you've posted I just reread in the English translation of the IGF report on AVZ website. And it states in shortened form (I'm just abbreviating your excerpt - which I see is in the report on the AVZ website) that "DATHOMIR " sold "60% of the shares to AVZ International in violation of the provisions of the joint venture contract.. " So this suggests AVZ under Klaus executive stewardship (ie. when he was in charge of AVZ as MD or CEO) benefited from DATHOMIR selling 60% of their shares when the JV that already existed between DATHOMIR and Cominiere was supposed to stop that sort of transfer and other transfers from being done. I think that is just logic from AVZ website sources such as the English translation of the IGF Report. If the logic is wrong I can't see where. What sort of due diligence could Klaus have done to have read the JV contract in existence (or not) and noted the provisions on transferring or selling shares (or not) and then to have bought them from DATHOMIR ?
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Originally posted by JB1975:
↑
This excerpt you've posted I just reread in the English translation of the IGF report on AVZ website. And it states in shortened form (I'm just abbreviating your excerpt - which I see is in the report on the AVZ website) that "DATHOMIR " sold "60% of the shares to AVZ International in violation of the provisions of the joint venture contract.. " So this suggests AVZ under Klaus executive stewardship (ie. when he was in charge of AVZ as MD or CEO) benefited from DATHOMIR selling 60% of their shares when the JV that already existed between DATHOMIR and Cominiere was supposed to stop that sort of transfer and other transfers from being done. I think that is just logic from AVZ website sources such as the English translation of the IGF Report. If the logic is wrong I can't see where. What sort of due diligence could Klaus have done to have read the JV contract in existence (or not) and noted the provisions on transferring or selling shares (or not) and then to have bought them from DATHOMIR ?
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As i mentioned earlier and as @Xerof has posted please read the official AVZ announcement re the 60% Here is the paragraph you need In response to the findings of the DRC General Inspectorate of Finance, AVZ confirms: • AVZ acquired valid and legal title to the 60% of shares issued in Dathcom, including, for the avoidance of doubt, as a consequence of the waiver of any rights of Cominiere and Dathomir under the Dathcom JVA by virtue of their entry into that same agreement; • following AVZ’s acquisition of its initial 60% of shares issued in Dathcom, AVZ performed the funding obligations under the Dathcom JVA; Fairly clear i think