Ann: Trading Halt, page-25

What does this say Macca??

Does it say that the directors of CCC have any control over the operations or sale of the assets??


The Group is negotiating with the Business Rescue Practitioners appointed by ABSA and EDF the conditions of paying out the debt facilities in conjunction with the 74% sale process. If the Group does not complete the Ivory Mint sales process in the time frames provided and generally on the same terms, the Group will have to proceed to secure payment of the existing ABSA and EDF facilities by way of a managed tender process to be undertaken by the Business Rescue Practitioners.


As part of the Business Rescue process, the Business Rescue Practitioners appointed by ABSA and EDF have taken over the management control of the Group’s South African subsidiary operations and as such the accounting treatment required that the group deconsolidate its South African subsidiary as at 30 November 2014 and be accounted for as an available-for-sale investment. The parent entity maintains protective rights over the subsidiary. As a result, the accounts have been re-stated for the comparative period (31 December 2013)

They took this very action to stop the pigs at the trough

So the real question is. What planet are you on???

That would be the one were you invest on NKP, KAB and CCC. Then despite saying you took a bath on those bad dreams you start pushing IGS (Another Okap company) who changes from gold mining to growing pot.

Wait for it........"Because Okap wont have anything to do with running the business" ROFL

So it's clear from this. The Mint deal is dead. As if it was ever going to happen.