I don't think you need to have this money lying in your account, if your relationship with your bankers are ok, then you can get a bank guarantee which can be converted to debt or equity in case you lose the case.
I know the Soliton Partners Sheikh and Bashir and they are not the type to make non existent claims. It's becoming apparent that KDN may have bitten more than they can chew. Time to pay or be wound up.
Hmm let's see how this will unfold. The money will be deposited in an account managed by both Lawyers ...
HmmmOn Mon, Sep 5, 2011 at 11:18 PM, [ Brainiac ] <arebacollins@gmail.com> wrote:
In Malindi, Telmec initially came to install KDN metro but i guess they got tired of unpaid bills and decided to roll their own metro... soo much for NDAs or their equivalent in works..... (Non compete Agreement? )
On Mon, Sep 5, 2011 at 10:49 PM, David Kiania | Asentric Consulting Ltd <kianiadee@gmail.com> wrote:
_______________________________________________KDN has been ordered by the High Court to deposit 400M in a suit filed
by Soliton-Telmec to pay outstanding dues or be wound up. I hold it
here and now that KDN doesn't have this cash. How many firms do you
think have this amount in cash to be held indefinitely for the
duration of the case?
http://www.nation.co.ke/business/news/Deposit+Sh400m+in+court+KDN+told+/-/1006/1230950/-/pmle2xz/-/index.html
I stand to be corrected, but I can smell the drumbeats of war ... and
a major realignment in the offing.
My 2 cents.
Kiania D
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