AVZ Discussion 2022
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The Fox
Regular
There are a few articles, here is one.Could someone please post the AFR story “tea bag me Tommy“ wrote on the Swami case
I can’t get past the pay wall and refuse to give those pricks my money
This site / link below normally works for AFR paywall.
12ft
12ft.io
Cheers The Fox
‘I’ve won the war’: Stock Swami declares early victory against Kumova
Tom RichardsonMarkets reporter and commentator Dec 19, 2022 – 3.48pm
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Defamation defendant Alan Davison used Twitter on Monday to declare that he had won the war against sharemarket entrepreneur Tolga Kumova and the shameless promotion of his stocks by others, despite the fact that Justice Michael Lee has not delivered a verdict in the Federal Court trial between the pair.
Mr Davison – better known by his Twitter profile Stock Swami – also claimed that whatever the outcome of the legal battle, Mr Kumova had destroyed his own reputation as shown by the results of his re-election to Aston Minerals’ board and disregard to comply with his 671b Corporations Act obligations.
Alan Davison, 67, the defendant better known as Stock Swami. Michael Quelch
In response to the online broadside a spokesperson for Mr Kumova said, “Mr Davison continues to make baseless assertions on social media, despite abandoning his truth defence on many of the matters about which he is tweeting. We await the decision of Justice Lee and will be making no further comment until that decision is handed down.”
Vicious battle
Melbourne-based Mr Kumova, 45, sued self-styled citizen journalist Mr Davison, 67, for six allegedly defamatory tweets between 2019 and 2020, which he says accuse him of insider trading, misleading the market, and the provision of inside information about New Century Resources’ failed bid to buy the Goro nickel mine in New Caledonia.
| The Twitter barney escalated into a wild Federal Court trial in Sydney in June, which included Mr Davison changing his defence and being ordered by Justice Lee to board a flight from New Zealand to Sydney for cross-examination over claims he repeatedly lied to the court, misled lawyers, hid material, falsified affidavits, and instructed an informant to delete |
| evidence. In Monday’s online outburst, Mr Davison again attacked the Melbourne-based stock trader for his own alleged deletion of more than 300 tweets and claimed this act justified his social media-based campaign to call Mr Kumova and other stock promoters out. Mr Davison went on to inform about 7800 followers that his fault in the defamation case was to do everything he could to protect the identity of his stockbroker informant named Stephen Dobson, who ultimately betrayed their secret communications over New Century Resources’ plan to bid for the Goro nickel mine. “Everything I tweeted about the Goro deal came from him. It’s noteworthy that [Evan] Cranston & [Patrick] Walta & other Board members of $NCZ at the time are no longer on the board. Dobson betrayed me in the end but my conscience is clear. Anyway I just want this as my record b4 I go away. Merry [Xmas],” Mr Davison tweeted. |
| On top of a statutory $443,000 cap on general damages in defamation cases, Mr Kumova seeks aggravated damages and claims the Twitter gadfly engaged in a campaign, with a failure to publish an apology or retraction once informed of factual errors in the matters complained of in June 2020. It’s believed Mr Kumova, a former Financial Review Young Rich Lister, may also seek an injunction from a judge to order Mr Davison to stop the online attacks. The legal costs associated with the case focused on the pitfalls of Twitter as a platform for self-promotion are unknown. Internet entrepreneur Mr Davison, a former resident of a spiritual ashram in NSW, has previously said he is self-funding the defence. |
| Lawyers and representatives for both parties declined to make any additional comment before a verdict that Mr Davison claimed, on Twitter, is likely to be delivered this week. Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon in London. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com |
Fletch77
Regular
Thanks Fox
TDITD
Top 20
The Fox
Regular
You would have to think Momentum are on a least US100k per month retainer, they must be working flat out for a resolution, right?
Marius the Majestic, likely such a high profile advisor would be on a retainer of US50k per month (or more) with a nice bonus / success fee of say US500k or more once Ml/PE is issued to AVZ in its entirety. So he would have a little more spring in his step then Momentum, but not that much more IMO.
The above figures are a guess and example only, yet how often does a law firm on a retainer close out a legal matter in a timely fashion, self interest of the firm always plays a role (apologies to any lawyers in the room who actually work 100% all the time in their clients best interests). Advisors are even more self-focussed on their fees than lawyers IMO and in my vast experience.
These boys will probably get a positive result / outcome for AVZ over the line, however we will never know if they could have shaved 1 month, 4 months or whatever, off the timeline IMO.
So we wait, and wait and wait.
This photo is interesting, but just a moment in time, yet fun to add various captions. I did notice the MoM did not join for the group photo for this MIBA announcement, maybe that's a little telling or maybe we should not read too much into these things. (100% this was the same MIBA related meeting prior to group photo)
At least they are not holding hands
Maybe the MoP is just having a little flare up of her IBS, that would also explain the look on their faces.
Cheers The Fox
Mr Inappropriate
Regular
MoneyBags1348
Top 20
Sorry JAG…. More bullshit from Marius, remember this
As for Jens, I think he needs to find better sources for information…. What happened to “Zigin are out of the equation” (October 2022)
And Lukusa, how much more bullshit can he come out with
I’d rather be focusing on the real corrupt actors in the DRC, but as long as our attorneys and strategic advisors on their private jets with their Gucci luggage keep talking bullshit to justify the remuneration they have been receiving for months while under delivering….
As a shareholder, I’ll continue to let the them know that I’m as sick of their bullshit as I am of Lukonde, Kayinda, Mupande, Cong, Eckof, Zigin and all the the other corrupt players
You would have to think Momentum are on a least US100k per month retainer, they must be working flat out for a resolution, right?
Marius the Majestic, likely such a high profile advisor would be on a retainer of US50k per month (or more) with a nice bonus / success fee of say US500k or more once Ml/PE is issued to AVZ in its entirety. So he would have a little more spring in his step then Momentum, but not that much more IMO.
The above figures are a guess and example only, yet how often does a law firm on a retainer close out a legal matter in a timely fashion, self interest of the firm always plays a role (apologies to any lawyers in the room who actually work 100% all the time in their clients best interests). Advisors are even more self-focussed on their fees than lawyers IMO and in my vast experience.
These boys will probably get a positive result / outcome for AVZ over the line, however we will never know if they could have shaved 1 month, 4 months or whatever, off the timeline IMO.
So we wait, and wait and wait.
This photo is interesting, but just a moment in time, yet fun to add various captions. I did notice the MoM did not join for the group photo for this MIBA announcement, maybe that's a little telling or maybe we should not read too much into these things. (100% this was the same MIBA related meeting prior to group photo)
At least they are not holding hands
View attachment 26647
Cheers The Fox
Exactly . Of course he's going to milk it. NF has been dudded by many of the DRC Pollies/ Officials he thought he had a good relationship with. Played like a guitar . Why the f--k should we believe this dude is any different ? Now we pay to be fed BS . I prefer my BS when it's free of charge . IMO
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Xerof
Biding my Time 1971
@MoneyBags1348
Yeah mate, I think it's probably correct to say Zijin are out of that arrangement, but as we all know, they will take as long as possible to end that plan A, hence ICC still cooking and dragging us out for another 6 months+. They did say during that interview they would look to a Plan B, which I at least, took to mean they would stick to the task like shit to a blanket. So I guess all the shit since then - the hydropower crap, the AJN attempted snatch and grab, the class action and possibly Deeland are all part of the next attempt, with the aim of stalling us until the election, or until we wither on the vine
I'm sure things are progressing in the background to invalidate all this shit, but time is on their side, not so much on ours
I'm also sure another round of bags will have been handed out, to keep these kunts on the straight and narrow
kunts
nothing new but enough from me today - too much info for twitter kunts to read - axle stuck a pineapple up the fox recently - is axle Linda?
ever yours
Kunt
Yeah mate, I think it's probably correct to say Zijin are out of that arrangement, but as we all know, they will take as long as possible to end that plan A, hence ICC still cooking and dragging us out for another 6 months+. They did say during that interview they would look to a Plan B, which I at least, took to mean they would stick to the task like shit to a blanket. So I guess all the shit since then - the hydropower crap, the AJN attempted snatch and grab, the class action and possibly Deeland are all part of the next attempt, with the aim of stalling us until the election, or until we wither on the vine
I'm sure things are progressing in the background to invalidate all this shit, but time is on their side, not so much on ours
I'm also sure another round of bags will have been handed out, to keep these kunts on the straight and narrow
kunts
nothing new but enough from me today - too much info for twitter kunts to read - axle stuck a pineapple up the fox recently - is axle Linda?
ever yours
Kunt
Xerof
Biding my Time 1971
Remark
Top 20
What a combination............a fucked up journalist who cant get his facts straight and a big mouth who cant get his facts straight....
That equals
I think they need to stop spending money on something we don't know how much we own yet. save it for our over priced lawyers/consultants now that we have been driven down this path its going to take a long time and cost a shit load of money that we won't have if we keep spending it. Then the shit will really hit the fan.
Rediah
Regular
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