Andover Mining Corp. V.AOX

enirgi bought to smash aox else had coverted+not bought f.s.

[dosco]

Since the company does not have any income source, it relies on its financing activities to

maintain its business. During year ended March 31, 2013,the company received new

financing of $US 4,000,000 from The Sentient Group by providing two convertible notes, two

year, zero interest bearing, no collateral convertible notes ( first convertible note with a face

value of $2,500,000 issued at April 30,2012 convertible into common shares of Andover at

$0.32 per share and second convertible note issued at August 31,2012 ,with a face value of

$US 1,500,000 convertible into common shares of Andover at $0.235 per share ) . On March

27, 2013, The Sentient Group has transferred these two convertible notes and also the

outstanding $US 2,500,000 note payable (issued on September 27, 2011) to Enirgi Group

Corporation (Refer to note 11 and 15 in the March 31, 2013 Financial Statements). No

commission was paid in conjunction with this financing.

[souwester]

AOX management is to blame. They had tonnes of time to raise money, and did not do so, inflicting losses on shareholders. The court's reasons suggested Enirgi would have proceeded with a controlling interest, which is far better for shareholders than we're seeing now.

[dosco]

ya, last point looks like it was an ego thing. but do you know how much enirgi wanted. 90pc or 51pc and at the price of notes conversion or at one cent... aox is to blame for less updates. at the end the time to sell was to short. look how long greek needs to sell the gov.firms for privatisation... some years even if as the prices offered are jokelike.