AVZ should have kept that 20 mill,they need it now...lol
Dathcom, managed by AVZ’s technical director Graeme Johnston, subsequently lodged the signed transfer documents with the registrar of the RCCM – the official public share register in the DRC. A new share certificate showing AVZ’s 75 per cent holding was produced … and that’s when things started to get a little crazy.
In an almost comical move, Cong dumped the US$20m back into AVZ’s bank account.
AVZ then sent it back again, but this time the money was lodged in a lawyer’s escrow account (pursuant to a court order obtained by AVZ) and Cong was told to go get it – which he didn’t.
AVZ Price at posting:
78.0¢ Sentiment: None Disclosure: Held