Let me get this right.
Jian has the rights to the potash licences from a long line of options and ownerships.
FMJ paid Jian to settle the rights, and take ownership. In the process, FMJ is issued sufficient shares to control/takeover Jian.
The deal is now soured.
FMJ is to sue Jian for the recovery of the money. But FMJ in suing Jian, which it controls, is really suing itself.
Jian directors take over FMJ to prevent any action to take place. First to protect the original directors of Jian and to prevent using its own money to sue itself.
Let me get this right.Jian has the rights to the potash licences...
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