AVZ Discussion 2022

[cruiser51]

Conflict of Interest Policy announced on ASX.

Can MMGA adhere?
TC.

If the clowns get elected in, they can only sit in on deciding the employment of the new coffee lady, the rest is conflict of interest.
Makes it easy for them, they don't get their trips interrupted to see Simon.

 

[Thaz]

Great plan b.

But wondering why this hasn't already been included in the first instance, after it was found there was a mole leaking information.

Also - would this include Nige's financial interest in AJN (if he still holds those shares?)

 

[Cumquat Cap]

I would hope Nigel has considered his own backyard before implementing this policy - i'm sure they have

 

[Remark]

So even if a director gets voted in, they could be booted on a technicality?

A very timely change of policy & a big middle finger to the MMGA fools!

Off topic - any Melbourne Cup picks?

 

[Bray]

30 E/W on Kalapour + mystery trifecta

Cmon baby

 

[Remark]

30 E/W on Kalapour + mystery trifecta

Cmon baby

I've got a couple of box trifecta - 1, 8 & 21 and 8, 11 & 21

 

[Carlos Danger]

would this include Nige's financial interest in AJN (if he still holds those shares?)

No because AJN aren't getting the north

 

[TheCount]

I've got a couple of box trifecta - 1, 8 & 21 and 8, 11 & 21

I've boxed 9, 10 and 17..

 

[Xerof]

I've boxed 9, 10 and 17..

bad omen if that comes in hedging your bets TC?

Watch for them all to be late scratchings

 

[Winenut]

Great move by management on the Conflict of Interest
#FuckMMGA
Cup tip today race 7 number 5 giddyup

 

[Remark]

I've boxed 9, 10 and 17..

10 scratched

 

[TheCount]

bad omen if that comes in hedging your bets TC?

Watch for them all to be late scratchings

Well spotted!!
TC.

 

[Dave Evans]

They would keep their seat just not be allowed to vote on matters relating to their conflict of interest. Also possibly not even receive information on the matter unless approved by the non-conflicted directors. And if a conflicted director trys to change this policy to be able to vote or receive information in a matter they are conflicted in there will need to be a vote by the non-conflicted directors to approve.

Hypothetically if we end up with 3 MMGA - 2 current bod after the AGM this policy could be used as a defence against MMGA control if the 'reasonable opinion of the chair' says they are conflicted regarding Manono

I guess these pictures tell us everything we need to know about MMGA - Fat Tail’s (stooges) conflicts of interest and intentions to work with our current BOD

 

[TheCount]

bad omen if that comes in hedging your bets TC?

Watch for them all to be late scratchings

Just a reflection of my betting abilities!!!
TC.

 

[BRICK]

I mis

A very timely change of policy & a big middle finger to the MMGA fools!

Off topic - any Melbourne Cup picks?

I missed it!

 

[9cardomaha]

@9cardomaha Has the first domino fallen?

Not yet - it shouldn't come as a surprise that ZJ has requested an extension for the hearing in regards to throwing JCM v AVZ out the window. They've used the bullshit below:

'ZJ being out of Dathcom does not force a withdrawal of the case, as AVZ, despite Dathcom JV being terminated (unlawfully) continues with its ICC cases. The case is also to seek remedy for past misconduct, and the current situation has no impact on the proceedings.'

Not sure how the single arbitrator will rule on this one, a bit up in the air at the moment. If we don't get a favourable ruling for this, we will just sit till Feb 2024 for ruling on jurisdiction.....

However, the emergency injunction increase should be approved around the corner - haven't heard anything about them trying to delay that one, or maybe they tried and got rejected. Who knows. Emergency rulings are handed out 15 days after submissions, which would be 17th November if all things go according to plan.

So 150,000 euros per day, calculated from the 5th May to date....

 

[cruiser51]

Not yet - it shouldn't come as a surprise that ZJ has requested an extension for the hearing in regards to throwing JCM v AVZ out the window. They've used the bullshit below:

'ZJ being out of Dathcom does not force a withdrawal of the case, as AVZ, despite Dathcom JV being terminated (unlawfully) continues with its ICC cases. The case is also to seek remedy for past misconduct, and the current situation has no impact on the proceedings.'

Not sure how the single arbitrator will rule on this one, a bit up in the air at the moment. If we don't get a favourable ruling for this, we will just sit till Feb 2024 for ruling on jurisdiction.....

However, the emergency injunction increase should be approved around the corner - haven't heard anything about them trying to delay that one, or maybe they tried and got rejected. Who knows. Emergency rulings are handed out 15 days after submissions, which would be 17th November if all things go according to plan.

So 150,000 euros per day, calculated from the 5th May to date....

Can't see how ZJ can make a case against AVZ, or Dathcom, if they never were part of the Dathcom JV, or AVZ.
I can't see why a arbitrator needs half a year to think about that one.

 

[9cardomaha]

Can't see how ZJ can make a case against AVZ, or Dathcom, if they never were part of the Dathcom JV, or AVZ.
I can't see why a arbitrator needs half a year to think about that one.

Time flows differently on an all expenses paid cruise trip.... also i heard brown paper bags now come with a 6-month payment plan, interest free

But legally it has some legs: for instance, if cash mowed your lawn in 2008 and at the time your marriage was questionable with ongoing disputes as to whether you were actually married, but have now formally declared that you are divorced, you can still file a claim for the 2008 lawn mowing escapades in 2023.

Now, if one of those disputes from 2008 proved that the marriage was void at the time of lawns being mowed, then your 2023 claim would be forcefully withdrawn.

I hope i understood the euphemism.

 

[TheCount]

Time flows differently on an all expenses paid cruise trip.... also i heard brown paper bags now come with a 6-month payment plan, interest free

But legally it has some legs: for instance, if cash mowed your lawn in 2008 and at the time your marriage was questionable with ongoing disputes as to whether you were actually married, but have now formally declared that you are divorced, you can still file a claim for the 2008 lawn mowing escapades in 2023.

Now, if one of those disputes from 2008 proved that the marriage was void at the time of lawns being mowed, then your 2023 claim would be forcefully withdrawn.

I hope i understood the euphemism.

But what if cash mowed the 'wrong lawn' and was the cause of said divorce?

 

[9cardomaha]

Spoke too soon on the injunction, there's been a submission by Cominiere against the increased injunction and within the submission a request to withdraw the thing.