Nothing strategic about it. Jin have filed for arbitration claiming they are a 15% shareholder in Dathcom. AVZ have to respond.
My question is AVZ announcement makes 2 separate claims. 1. Jin has had 15% working interest transferred to it them which AVZ say is a direct violation of Pe rights 2. Jin are claiming a 15% shareholding in Dathcom. The 2 are completely at odds and completely different things. So which is it?
Jin have filed for arbitration based on them being recognized as a 15% shareholder in Dathcom. Now I expect it will be pretty easy for Dathcom to tell AVZ if they sold 15% of the company shares to Jin or not.
AVZ Price at posting:
78.0¢ Sentiment: None Disclosure: Not Held