SSC 0.00% 1.1¢ sultan corporation limited

interesting read

  1. 2,211 Posts.
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    Not sure how much truth is in this... Time we start putting the Togo thing to bed.

    http://translate.google.com.au/translate?hl=en&sl=fr&u=http://www.triangledesenjeux.com/article.php%3Flirearticle%3D512&ei=BOvdTr3MOYn0mAX-veSPBQ&sa=X&oi=translate&ct=result&resnum=1&ved=0CDYQ7gEwADgK&prev=/search%3Fq%3D%2522sultan%2Bcorporation%2522%26start%3D10%26hl%3Den%26sa%3DN%26tbo%3D1%26biw%3D1600%26bih%3D775%26tbs%3Dqdr:w%26prmd%3Dimvns

    Letter from the continent of France
    In an article entitled "Togo: Battle around the phosphate carbonate" published on your site February 25, 2011, you made a number of statements and facts implied that damage the image and reputation of the company Sultan Corporation Limited and its Director Derek Lenartowicz. Unfortunately, these facts are incorrect, individuals would set the record straight as follows: Right Response During 2009, the company SULTAN Corporation Limited who wanted to invest in the field of phosphate in Africa was approached by the company Argonaut Consulting Group Pty Limited who claimed he could assistance in obtaining a license and concessions carbonated phosphate in Togo. Mr. Paul AGBOATI, director of the company Argonaut who presented himself as being very close to President Faure Gnassingbe and therefore able to resolve this matter fairly easily persuaded Sultan Corporation of its influence in Togo. A contract was signed on 1 April 2009 which led SULTAN to pay the sum of $ 400,000 at US Argonaut who promised to get back within three months licenses and concessions in question with the establishment on behalf of SULTAN society Phosphate Togo SA to bring the case. Phosphate Togo SA with whom Sultan has now nothing to be headed by a Burkinabe named Issa Kanazoé. In the absence of results, this period will be increased to four months and an additional $ 100 000 paid to US Argonaut, bringing the total amount disbursed by SULTAN to $ 500 000 USD. Unfortunately, the contract proved to be a fool's bargain. He was so upset. Following threats of legal action for fraud and / or breach of trust, Argonaut Group agrees to reimburse the sums extorted. But to date, it could not repay the $ 125 000 USD 000 USD 500. SULTAN was then forced to hire other steps in order to bring its expertise in the exploitation and processing of phosphate carbonate in the service of the Togolese people.
 
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Currently unlisted public company.

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