NewsVarious Milkor Products

Important Notice

Updated on Fri 14/05/2010 - 13:34

It has been brought to our attention that someone is curently spreading untrue, malicious rumours concerning MILKOR (Pty) Ltd. to the effect that we have been declared insolvent or similar insinuations. We wish to place on record that on of our shareholders and previous Managing Director, Richard Potgieter, lodged an application in the North Gauteng High Court, case number 77059/09 - Notice of Motion, requesting that MILKOR (Pty) Ltd. be declared insolvent, because it is just and equitable due to a management deadlock. A subsequent Arbitration hearing between R Potgieter and Milkor was held and the ruling was in favour of MILKOR, with costs, against R. Potgieter, effectively nullifying the grounds for his earlier application. The original owner of Milkor, Mr A Piek with his supporting shareholders, now again own the majority shares in Milkor and there is no deadlock in the company's management. Milkor is still going strong, in production and in fact the company is engaging in exciting new developments to their range of weapons. It would assist us in a possible court action if anone hearing such rumours would be willing and able to provide us with a written statement as to who said what and when.

K. A. Jones (Director)