Another Twist NOTICE OF MOTION

Dear Sir/Madam



Please see attached Notice of Motion and founding affidavit served today by email at approximately 12:25pm.
It is being opposed by Phumelela Gaming & Leisure Limited (in Business Rescue), the Business Rescue Practitioner and Mary Oppenheimer & Daughters (Pty) Limited.
Betfred Limited have given notice that it will abide the decision of the court.
The matter is to be heard at 9am, 1 September 2020 in the South Gauteng Division of the High Court of South Africa.
We will notify all effected parties of the outcome at the commencement of the meeting at 11am, 1 September 2020.


Kind regards

John

chickens coming home. years of running Phumelela like a game of three card monte being brought to the fore.

Wonder if MOD will keep on funding racing if there’s a delay tomorrow...

.....it has always been openly known that CG had this arrangement with PGE.....but hell man dont people keep proper records that attest to these kind of agreements....very reminiscent of the verbal stakes agreement that the RA had custody of...:whistle:

Could this lead to liquidation? And the endgame

.....hopefully this is a merely a bump in the road......but really why did the BR practitioner not delve into this matter when it was brought to his attention.....and then GC not having a ratified agreement in place now has to scrape together minutes from meetings and even a 11th hour statement from the ex-CEO of Phum.....Dear John must be highly conflicted .....he could have kept mumm and CG would have really had to sweat it.....in order to prove it...we all now wait in anticip......ation......:S

9.00 in court
11.00 feedback?

Let’s see what happens but the BR team appears to have dropped a few catches.

I have no legal background - but common sense tells me there will be another postponement

Frodo wrote: I have no legal background - but common sense tells me there will be another postponement

How else are the attorneys going to make their money? :whistle:

......I dont believe that it is GC's intention to stall the BR process but if they did not act now they would get a more unfair shake when Phum is carved up......they have submitted everything they could lay their hands on to get an immediate ruling.....just hope the judge does not call for a postponement to make a ruling.....further delays or a protracted legal challenge could see the wheels really come off and racing rescue could come to a standstill.....:dry:

If one take's GC's motion at face value (and I can't see why not) - it seems the BR dropped the ball - so to me a postponement the likely outcome - yes nobody wants that, but fair is fair

So will MOD withdraw their funding if there is a delay?