Gee don't you believe AUSTRALIAN MEDIA..!
I guess not MINDSET is not good for you..imo..
And the sting in the tail … believe it or not … was a US$50 million (AU$76.26 million) fine payable by Dathcom, presumably to Cong.
The fine was later reduced to US$25 million (AU$38.13 million) on appeal and then put on hold pending a further appeal by AVZ to the Supreme Court.The court also ordered the new share certificate showing AVZ’s 75 per cent shareholding to be destroyed. Thankfully, Johnston had already hightailed it back to Perth because of COVID and presumably has no intention of ever returning to the DRC.AVZ says the process was a farce.
Neither Dathcom, Johnston or AVZ were notified of the legal action and none were in court to put a case forward. Further highlighting the farcical nature of the proceedings, AVZ says neither Dathcom or Johnston has ever been formally notified of the ruling.AVZ says the new share certificate was indeed valid as it arose from signed transfer agreements from Dathomir that were duly lodged after the payment of the final US$20m into the escrow account that was accessible by Cong.
Cong then hit the nuclear button and launched court action to wind up Dathcom, citing breaches of the JV agreement – breaches that AVZ says are non-existent. Cong’s move to wind up Dathcom is curious, given his Dathomir purports to own 15 per cent of it
