After digesting more on the AGS funding agreement and its maze-like conditions, I can only say that the management of EDM who agreed to pay the fees upfront was asinine.
IMO, this is the same type of legally binding arrangement a few companies in Australia had with a company called West Gulf Advisary headed by Ahsan Ali Khan.
AGS dumped another 76 million shares in the last 3 days. They should have another 50 millions to dump. If they in fact dump all the 183m, you can be sure EDM will not see any funding from them.
Let's hope the real thing gets done on Baita, BF and PNG.
We should propose to deduct the losses from the hare brain directors who fell for a Nigerian scam if it is in fact one.
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funding agreement with jcltvf/ags capital , page-13
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