AVZ Discussion 2022

[Underwaterdark]

Wasn't the whole back story with the $15m for Dathomir, that we sent the funds, paid and finalised everything and then they (being Dathomir) sent them back? Which is why we still hold them...

 

[Manook]

As I said…..I think you are over dramatising it. We will get clarity soon enough on whether or not there is an MoU pathway forward. That will set the scene for future funding requirements. We have sufficient funds as going concern. It was right of AVZ to highlight strategy of investigating funding options covering different scenarios.

If we can't get the MoU. Maybe we can get an IoU on a scrap piece of paper.

 

[Doc]

Wasn't the whole back story with the $15m for Dathomir, that we sent the funds, paid and finalised everything and then they (being Dathomir) sent them back? Which is why we still hold them...

I think what happens it both parties agree to terms. Then the money is sent to a 'holding' account. Once the money is in this account the lawyers on both sides acknowledge its there. Once all signed by both parties the other party ( Dathomir ) then have access to that account with the money. To date they have not transferred from there to their own account so I guess AVZ lawyers still have access to it from transferring into it.
I dont think there's a huge conspiracy here for this money

 

[Carlos Danger]

Wasn't the whole back story with the $15m for Dathomir, that we sent the funds, paid and finalised everything and then they (being Dathomir) sent them back? Which is why we still hold them...

I think what happens it both parties agree to terms. Then the money is sent to a 'holding' account. Once the money is in this account the lawyers on both sides acknowledge its there. Once all signed by both parties the other party ( Dathomir ) then have access to that account with the money. To date they have not transferred from there to their own account so I guess AVZ lawyers still have access to it from transferring into it.
I dont think there's a huge conspiracy here for this money

 

[wombat74]

No I didn't

Like I said if we don't have the ML by the time the $11m runs out then it ain't coming. If we're still waiting for the MoU in a year we will be going the distance at the ICSID imo

And I don't think we will run out of cash. We will raise in suspension if need be however the dilution won't be as palatable as you suggest. And I've said before if we need to go the distance at the ICSID management most likely have a contingency strategy that will return us to trading come what may.

How long does Nigel give MoU discussions ? Or what I call , ' Stalling Discussions '. Run AVZ dry discussions . Make a call Nigel , Imminently . 18 month of f--k around is enough .

 

[Underwaterdark]

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Thanks Carlos, we really should start a sub thread with all of your gems and research.

 

[dollarbills]

Thanks Carlos, we really should start a sub thread with all of your gems and research.

Just got an email from MMGA. Anyone got some funny shit i can send back as a fuck you?

 

[Thaz]

Looks the mmga crew got my email.

Glad it was me so I know one less other shareholder would have received it.

 

[SilentOne]

From sg on crapper

Previously on Avz

Avzi acquired 15 percent stake in the manono project from Dathomir ( purchase of dathcom shares) via two validly executed and completed sale and purchase agreements “Dathomir spas “

Since august 2021 Avz has always implied it’s subsidiary avzi had duly COMPLETED, including PAYMENT and within the time period both Dathomir spas

All Avz presentations then went on to say its subsidiary avzi held 75 percent interest in dathcom until it announced a mining lic decree where it mentioned a tribunal ruling - carefully talking and saying Avz Ltd wasn’t involved and talking about legal title

of course avzi was involved and Avz decided to imply that Avz Ltd wasn’t involved - despite Avz Ltd claiming ownership and announcing it owned 75 percent of dathcom via its wholly owned subsidiary avzi in its announcements for well over one year

only resent Avz Ltd admitted fat tail accusations that there was a tribunal ruling and high court ruling in drc which did not go in its favour, fines and court charges against a director of the company who actually is standing for rejection at next agm- Avz again dismiss these tribunal and court rulings in the basis that Avz Ltd wasn’t involved and stating that the two duly executed sale and purchase agreements required any dispute be taken to the icc for arbitration and that these rulings against avzi never really disclosed in proper detail or correctly to the market prior to suspension are invalid and Avz is off the the icc to sort it out and affirm its ownership of the 15 percent interest in dathcom purchases from Dathomir via duly executed and completed sale and purchase agreements including payment

In todays Halloween episode- like it doesn’t mean anything- Avz announces in it’s quarterly activities report and cashflow report - under corporate

that it’s lawyer in the drc- still holds 20 m usd dollar for the benefit of Dathomir for completion of the dathomir spas

so Avz has gone from we competed including payment to our lawyer is still holding 20 m cash for the benefit of Dathomir for completion


Avz should have disclosed this back in august 2021- it hasn’t completed - the consideration is still sitting in our lawyers bank account and we are in dispute

uuuuck and these guys want a tick on the remuneration report and re election

and others over the internet never right since it went into suspension are excited as to the current cash position and appointment of advisor to raise capital adding in the 20 m held in a trust account for a transaction that never actually settled

for Avz to Just casually drop this detail in corporate for the very first time since it claimed in august 2021 to have completed on time and including payment the Dathomir spas for 20 m usd is surely warranted if shareholder and regulatory questions about true and proper disclosure

Who would have purchased knowing back in august 2021 that the deals to purchase 15 percent additional shares in dathcom from Dathomir didn’t actually compete- the consideration for whatever reason was sitting in an escrow account and that Avz just seemed to sign over a share certificate which was ultimately rejected by a drc tribunal and court - I how do you sign over a share certificate if your lawyer still has the money and your disputing the agreements with the vendor


But

not disclosed because Avz said without merit and in the wrong court

seriously Avz directors and the asic and asx should be having a long meeting and fools on internet claiming 2o m held for the benefit of Dathomir as capital for short and medium term potential need to be ignored

why anyone would give a vote yes to remuneration report and reflect some of these directors who have withheld so much information is beyond me

competed including payment in august 2021 but the payment is still being held by its lawyer for the benefit of dahomir and completion of the agreements on the 31 st October 2023!

shsssssh

don’t miss next weeks episode - who knows what details wil

Correct me if I am wrong but I seem to recall that the payment was made and duly completed and the deal was done.

Subsequently and after the payment was received the recipient decided to return the money.

However, I could be wrong.

SilentOne

 

[Azzler]

To the German members here who were having trouble getting their HIN or voting, try as tweeted here:

https://x.com/TREAL1717/status/1719517799675220303?s=20

 

[Dazmac66]

The contract could state that completion is reached when payment is made into escrow and is available to the seller to draw down. There must be a logical explanation. AVZ can't make them request the funds be transferred to their account from the escrow acount.

 

[Misfits]

Looks the mmga crew got my email.

Glad it was me so I know one less other shareholder would have received it.

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HAHAHA, I thought I would check my junk folder, and sure enough there was an email too. Where it belongs.

 

[Dave Evans]

Thanks Carlos, we really should start a sub thread with all of your gems and research.

There’s already around 30 of them but like you, no one ever looks at them

 

[BenGriffo]

Did I opt in?

Pretty sure myself and the 21k other SHs DIDNT OPT-IN

Federal Register of Legislation - Spam Act 2003

www.legislation.gov.au

SPAM ACT 2003

Reported as Spam and unsubscribed.

 

[Hemicuda]

 

[Samus]

Simple - vote against the MMAGOTS!

Bring on the ICC verdict and let the dominoes fall!

In layman's terms after the dathomir agreement was finalised and signed off, the payment - 20mil was put in escrow as agreed but still to this day has not been withdrawn by Cong who got greedy and decided to back down on the agreement after the fact.
Management didn't really disclose this information until the roadshows last year that I recall but all obligations on our side were met.
I'm not sure why they would list in in the quarterly as potential monies to fall back on - if this is indeed how that statement is to be interpreted.

 

[Sammy_da_Smile]

For those receiving the MMGA junk emails, report them here:

Spam complaint form | ACMA

Use this form to complaint about email spam.

www.acma.gov.au

It only takes a few minutes. I'm sure like me, you did not opt-in to this shit as depicted in the email.

 

[Samus]

This is also simple:

 

[Carlos Danger]

The contract could state that completion is reached when payment is made into escrow and is available to the seller to draw down. There must be a logical explanation. AVZ can't make them request the funds be transferred to their account from the escrow acount.

I have zero doubt AVZ completed the SPA's correctly

AVZ made the payment and Cong's bank returned it as previously instructed by Cong's letter of opposition on July 5th 2021. The writ of summons for a stay of payment from the Commercial Court of Lubumbashi was served to AVZ on August 28th 2021 which was after AVZ completed the SPA's on August 16th 2021.

 

[Sammy_da_Smile]

This is also simple:
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That's only on effective on the google side and may assist other users on Gmail having the email go directly to Junk. So a good start for sure. [I'm assuming that is Gmail ]

Direct reporting to the ACMA will be more effective as there are also penalties involved.